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PORTLAND, Ore., Jan. 13, 2021 /PRNewswire/ Allied Market Research published a report, titled, Power MOSFET Market by Type (Depletion Mode Power MOSFET and Enhancement Mode Power MOSFET), Power Rate (High Power, Medium Power, and Low Power), and Application (Energy & Power, Consumer Electronics, Automotive, Inverter & UPS, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2020 – 2027. According to the report, the global power MOSFET industry generated $5.43 billion in 2019, and is expected to generate $9.90 billion by 2027, witnessing a CAGR of 6.6% from 2020 to 2027.
Drivers, restraints, and opportunities
Rise in dependence on electrical equipment & machinery and rise in emphasis on power saving drive the growth of the global power MOSFET market. However, limitations in operations and high cost restrain the market growth. On the other hand, technological advancements and increase in deployment in electric devices present new opp
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