Power MOSFET Market worth USD 9.9 billion by 2030

The Market Statsville Group (MSG) publishes the new report on the "Power MOSFET Market by Type (Enhancement Mode Power MOSFET and Depletion Mode Power MOSFET), by Power Rate (High Power, Medium Power, and Low Power), by Application (Energy & Power, Consumer Electronics, Automotive, Inverter & UPS, Industrial, and Others), by Region – Global Share and Forecast to 2030". The global power MOSFET market size is expected to grow from USD 8.3 billion in 2021 to USD 13.8 billion by 2030, at a CAGR of 6.6% during the forecast period. Machines today are very versatile, compact, and efficient in doing what they are made to do, so much as they have taken over a lot of activities that were done manually. The demand for machines and electronic equipment has increased tremendously in the years and is expected to maintain or even surpass the demand in the coming years. Most machinery today uses some power MOSFET to manage power. Global wind & solar installations in gigawatts (GW) are more around 78,124 by the end of 2014, and the MOSFET module is widely used for voltage switching operations. The rising dependence on electrical equipment and machinery benefits power MOSFETs directly, and this is one of the major drivers driving the power MOSFET market.

Global Power MOSFET Market Segmentation

The overall power MOSFET market has been segmented into type, power rate, application, and region.

• By Type (Enhancement Mode Power MOSFET and Depletion Mode Power MOSFET)
• By Power Rate (High Power, Medium Power, and Low Power)
• By Application (Energy & Power, Consumer Electronics, Automotive, Inverter & UPS, Industrial, and Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Low power, by power rate, is estimated to hold the largest market share during the forecast period

Based on power rate, the global power MOSFET market is segmented into high power, medium power, and low power. The low power segment generated the highest revenue of 44.2% of the total global power MOSFET market in 2021, and it is expected to register a significant CAGR from 2021 to 2027. Low power MOSFETs can be operated in less than 2 kV. Low power MOSFETs are used in medical devices and consumer electronics where low voltages are used. Low power MOSFETs are cost-effective.

Low power MOSFETs are used in applications such as relays, LED drives, and motors for driving constant voltage and increasing the durability of the applications. Toshiba Corporation launched a low-input current driver with rail-to-rail output photocouplers that allow a bufferless direct drive of low to medium power MOSFETs. Different companies such as IXYS Corporation and Renesas Electronics Corp invest in power modules to provide effective transmission.

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Asia Pacific accounts for the largest market share in power MOSFET market 2021

Based on the regions, the global power MOSFET market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Asia Pacific accounted for the highest market share of 49.3% in the global power MOSFET market and was anticipated to maintain its dominance throughout the forecast period. Further, in the Asia Pacific, China had the largest market share of 30.0% in 2020.

China is gearing up resources to develop core technologies such as artificial intelligence chips and sensors as a part of its broader vision to integrate AI into the manufacturing sector. With substantial advances in voice and picture recognition, China is the world's second-largest owner of creative patents and international scientific articles. In December, China's Ministry of Industry and Information Technology launched a three-year strategy to increase AI's use in numerous industries.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the power MOSFET market. It also consists of leading companies such as Renesas Electronics Corporation, Infineon Technologies AG, Fairchild Semiconductors, Digi-Main Electronics, Toshiba Corp, NXP Semiconductors, STMicroelectronics, IXYS Corporation Power Integration, and Texas Instruments.

Browse complete report: https://www.marketstatsville.com/power-mosfet-market

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