(MENAFN- GlobeNewsWire - Nasdaq) The Global MOSFET Relay market Size was Valued at USD 257.01 Million in 2023 and the Worldwide MOSFET Relay Market Size is Expected to Reach USD 650.14 Million by 2033, according to a research report published by Spherical Insights & Consulting. Companies covered: TE Connectivity Ltd., Susumu corporation Ltd., Bourns Inc., Vishay Intertechnology Inc., Yageo Corporation, Murata manufacturing Corporation Ltd., Panasonic Corporation, Rohm Semiconductor Pvt. Ltd., Avx Corporation, Ralec Electronic Corporation, Standex Electronics Inc., Schneider Electric, Omron Corporation, Wago, Relpol S.A., Others Key Vendors.
New York, United States , Aug. 01, 2024 (GLOBE NEWSWIRE) -- The Global MOSFET Relay Market Size is to Grow from USD 257.01 Million in 2023 to USD 650.14 Million by 2033, at a Compound Annual Growth Rate (CAGR) of 9.73% during projected period.
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A metal-oxide-semiconductor field-effect transistor is known as a MOSFET. Metal-oxide semiconductors (MOSFETs) are a type of electrical switch that regulates the flow of electricity. These devices are widely used to switch high voltage and high current loads with low power consumption and heat dissipation. MOSFET relays have several advantages over traditional mechanical relays, including quicker switching rates, longer lifespans, and higher dependability. Numerous sectors, including consumer electronics, automotive, and industrial, can employ these relays. MOSFET relays lessen the harm that comes from arcing and contact bouncing. The market for MOSFET relays is expanding rapidly as consumers' need for more reliable and efficient electronics rises. The majority of test and measurement/instrumentation devices use MOSFET relays. Electronic cars can have their charging and discharging processes managed by MOSFET relays. The market's growth is aided by the fact that MOSFET relays may be utilized in various electronic vehicle components including DC-DC converters, inverters, and on-board chargers. The automotive, medical, healthcare, and electronics industries all need testing and measurement equipment. Due to their extreme complexity, these industries require excellent reliability and precision in addition to a high density of integrated components. In comparison to conventional relays, MOSFET relays are superior in terms of weight, size, and power consumption. Heat sinks are required when using MOSFET relays, which drives up the overall cost of the device.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the " Global MOSFET Relay Market Size, Share, and COVID-19 Impact Analysis, By Voltage (Below 200V, 200-500V, 500-1KV, and Above 1KV), By Application (Industrial, Household Appliances, Test & Measurements, Mining, Automotive, Medical, Renewables, and Charging Stations), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The above 1KV segment is expected to hold the greatest market share over the projected timeframe.
On the basis of voltage, the global MOSFET relay market is classified into below 200V, 200-500V, 500-1KV, and above 1KV. Among these, the above 1KV segment is expected to hold the greatest market share over the projected timeframe. Since this segment may be utilized in a variety of renewable energy applications, such as solar and wind energy, the growing usage of renewable energy is fueling the rise of the above 1KV sector. The market is growing because the above 1KV sector is increasingly frequently employed in high-voltage applications such as industrial automation, renewable energy, and power transmission and distribution.
The test & measurements segment is expected to dominate the market over the projected timeframe.
On the basis of application, the global MOSFET relay market is classified into industrial, household appliances, test & measurements, mining, automotive, medical, renewables, and charging stations. Among these, the test & measurements segment is expected to dominate the market over the projected timeframe. MOSFET relays are widely used in test and measurement equipment, such as power meters and signal operators, because of their high isolation voltage, low power consumption, and fast switching rates.
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Asia Pacific is expected to hold the greatest share of the global MOSFET relay market during the forecast period .
Asia Pacific is expected to hold the greatest share of the global MOSFET relay market during the forecast period. The worldwide MOSFET relay market is expanding due to the notable expansion of the automotive, test & measurements, and medical sectors in developing countries like the Philippines, New Zealand, and India. India's manufacturing and industrial sectors have developed more than before, which has created demand for the market. The Asia Pacific region can manufacture high-quality goods at competitive prices because it has access to skilled labor and industrial infrastructure. The Asia-Pacific region's government has implemented laws that facilitate the growth of the electronic sector, particularly the market for MOSFET relays.
North America is predicted to grow at the fastest pace in the global MOSFET relay market over the projected timeframe. With the assistance of the relay industry's numerous endeavors to build power infrastructure utilizing contemporary technologies, the power MOSFET market is expanding globally. Companies in all sectors of the economy understand that power MOSFETs are essential to establishing effective work environments. Because the automotive sector is predicted to require more power modules and automated switching devices, the North American market is anticipated to grow at a faster pace.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global MOSFET relay Market include TE Connectivity Ltd., Susumu Corporation Ltd., Bourns Inc., Vishay Intertechnology Inc., Yageo Corporation, Murata Manufacturing Corporation Ltd., Panasonic Corporation, Rohm Semiconductor Pvt. Ltd., Avx Corporation, Ralec Electronic Corporation, Standex Electronics Inc., Schneider Electric, Omron Corporation, Wago, Relpol S.A., and others Key Vendors.
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Recent Developments
In March 2022, the 200V G3VM-201WR MOSFET relay, having a current carrying capability of up to 0.35A, was introduced by Omron Corporation. It is utilized in test and measurement applications and is packaged with a PSON four-pin terminal pad.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the Global MOSFET Relay Market based on the below-mentioned segments:
Global MOSFET Relay Market, By Voltage
Below 200V 200-500V 500-1KV Above 1KV
Global MOSFET Relay Market, By Application
Industrial Household Appliances Test & Measurements Mining Automotive Medical Renewables Charging Stations
Global MOSFET Relay Market, Regional Analysis
North America Europe Germany Uk France Italy Spain Russia Rest of Europe
Asia Pacific China Japan India South Korea Australia Rest of Asia Pacific
South America Brazil Argentina Rest of South America
Middle East & Africa UAE Saudi Arabia Qatar South Africa Rest of the Middle East & Africa
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