Power MOSFET Market to Reach $6,340 Million by 2023 Globally
Global Power MOSFET Market was valued at $3,730 million in 2016, and is expected to reach $6,340 million in 2023, growing at a CAGR of 7.4% from 2017 to 2023. MOSFET is a type of power semiconductor used as an electronic switch device. It is a cost-effective solution to replace bipolar junction transistor (BJT), which is compatible with higher voltage and current as compared to BJT. It enables power management to enhance energy conservation in various applications such as industrial systems, consumer electronic, and electric vehicle. At present, it is used in renewable resources and electric vehicles to improve switching speed and prevent power loss. MOSFET is an electronic switching device used to control, and manage the power in an effective manner. It is designed to perform a single set of tasks with superior reliability and performance. Moreover, they offer several benefits such as high efficiency, reduced system complexity, and minimized system maintenance. Low power MOSFET almost 48% of the total power MOSFET market, owing to its resilience and higher efficiency. Get the Sample PDF Copy@ https://www.alliedmarketresearch.com/request-sample/2379
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