Factors such as growing sales of electronics, the demand for power semiconductor components, lower efficiency of devices at low voltages, technological advancement, and increasing demand from key end users.
(businesspress24) - Global MOSFET power devices market is anticipated to witness an exponential growth in the forecast period. A metal
Factors such as growing sales of electronics, the demand for power semiconductor components, lower efficiency of devices at low voltages, technological advancement, increasing demand from key end users, and adopting power MOSFET to increase the efficiency of operations involving high switching speeds are likely to drive the MOSFET power device market in the forthcoming period.
On the other hand, high implementation price and current outflow are anticipated to hinder MOSFET power devices market growth in the future. However, improved effectiveness and durability have increased the rate of acceptance of power MOSFET in energy & power, consumer electronics. MOSFET power device market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
The market could be explored by type, application, and geography. Market could be explored by type as MOSFET Power Module and MOSFET Discrete. Market could be explored by Power rate as High Power, Low Power and Medium Power.
The key applications that could be explored in the MOSFET power devices industry include Consumer, Industrial Drives, Renewables, Traction, Automotive, and Other. The
Asia-Pacific is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to factors such as surge in demand from key players, technological advancement, the upsurge in the number of power management devices and solutions. In addition, growth in energy & power and automotive segments are anticipated to boost the power MOSFET market, particularly in the Asia-Pacific countries, such as Australia, Japan, China, and India. The surge in demand for switching devices and an increase in the acceptance of controllers in consumer electronics and other segments.
Key players operating in the MOSFET power devices market include Renesas, Infineon, Panasonic, Toshiba, Mitsubishi Electric, Hitachi, Bosch, STMicroelectronics, Raytheon, and Sumitomo Electric. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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Date: 12/12/2019 - 11:27
Language: English
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