The global power MOSFET market is anticipated to flourish significantly within the forecast period from 2017 to 2026. Rise in sales of electronic gadgets has resulted in a surge in the demand for key parts and semiconductor gadgets. Segments comprising of metal oxide semiconductor field effect transistors (MOSFET) holds a major importance in the operation of an electronic gadget. With changing necessities of electronic gadgets as far as power consumption is concerned, an extensive variety of power MOSFETs are being created all over the world. Owing to its miniaturization and compact size, the design and advancement of power MOSFETs stays a bit complex.
Infineon, Renesas, Mitsubishi Electric, Hitachi, Panasonic, Toshiba, STMicrorlectronics, Sumitomo Electric, Bosch, and Raytheon are among the major players that are looked upon as the main designers of power MOSFETs on global scale.
According to Transparency Market Research, these organizations are anticipated to effectively encourage the development of the global power MOSFET market the forecast period from 2017 to 2026. The global power MOSFET market is prognosticated to grow at a decent CAGR 7.8% of over the estimated time frame. By 2026, the market is expected to clock a revenue of US$12.6 Bn. The demand for power MOSFETs is foreseen to soar in developed markets, for example, Europe and North America. However, it is Asia-Pacific that is expected to grow the most. On the basis of type, P-channel power MOSFET led the market in 2017 with around US$4.0 bn. This segment is likely to continue leading the market within the forecast period from 2017 to 2026 as well, with a steady CAGR of 8.2%
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Improved Power Management Property to Propel Demand for Power MOSFET
MOSFET is a kind of power semiconductor utilized as an electronic switch gadget. It is a pocket-friendly solution for bipolar junction transistor (BJT), which is perfectly compatible with higher current and voltage when contrasted with BJT. It empowers power management to improve energy saving in different applications, for example, electric vehicle, consumer electronic, and industrial system. Currently, it is utilized as a part of renewable resources and electric vehicles to avoid power loss and improve switching speed.
Improved effectiveness, rise in demand for compact automation solutions, and durability have encouraged the adoption of power MOSFET in consumer gadgets, energy and power, and different applications. Subsequently, the global power MOSFET market is anticipated to witness decent development in coming years, because of its smaller size and improved strength. In any case, high execution cost and current leakage is obstructing the market development. Combination of power MOSFET with human machine interface (HMI) will likely offer the market a major opportunity to grow.
Companies to Work on Reducing Complexities of Power Semiconductor Components
Major power MOSFET companies are required to concentrate on bringing down the complexities involved in the generation of these perplexing power semiconductor components. Over the forecast period, the whole production of power MOSFET in the global market will remain consolidated in the Asia-Pacific region owing to supportive industrial policies in nations such as India, China, and South Korea, combined with rise in production of electronic gadgets in these nations. This factor is expected to drive the production of power MOSFET.