MOSFET Relay Market size is predicted to reach $0.6 billion by 2030, growing at a CAGR of 9.4% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC. Advanced relays with lightweight and high-performance characteristics and Power MOSFETs are poised to propel the market growth, finds IndustryARC in its recent report, titled “MOSFET Relay Market Size, Share & Trends Analysis Report By Product Type (Current limiting type, Multi-contact type, High insulation type, Voltage driving type, General purpose type, Others), By Package Type(DIP, SOP, SSOP, USOP, VSON, S-VSON, Others), By Voltage ( Basic 200 V, 200 V – 500 V, 500 V – 1kV, above 1kV), By Application (Household Appliances, Charging Stations, Security Equipment, Others ), By End-Use Industry (Industrial Equipment, Automotive, Mining, Aerospace, Defence & Military, Health Sector, Others), By Region and Segment Forecasts, 2023–2030”
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North America to Register Highest Growth:
North America region is the fastest in the global MOSFET Relay Market with a highest CAGR of 10.1% in during 2023- 2030. It is expanding in this region due to the use of electric and autonomous vehicles as well as the use of power MOSFETs to enhance electrical signals, prevent electrical failure and fast recover from replacement. Furthermore, demand for relays in an automated power grids and charging stations are also creating growth opportunities for the industry.
MOSFET Relay Market 2023-2030: Scope of the report
| Report Metric | Details |
| Base Year Considered | 2022 |
| Forecast Period | 2023–2030 |
| CAGR | 9.4% |
| Market Size in 2030 | $0.6 billion |
| Segments Covered | Product Type, Product Package, Voltage, Application, End Use industry and Geography |
| Geographies Covered | North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
| Key Market Players |
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MOSFET Relay Market Report – Key Takeaways:
Government-imposed tighter emission restrictions are encouraging automakers in the region to invest in electric vehicles. Different automakers are therefore considerably spending in creating and launching new electric vehicles. For instance, Hyundai Motor Co. of South Korea announced in that it will spend 40 billion rupees to introduce 6 electric vehicles in India by 2028.
In the MOSFET Relay Market analysis, the Charging Stations segment is estimated to grow with the highest CAGR of 10.2% during the forecast period. In EV charging stations, MOSFET relays are used to cut off and discharge the DC power of the batteries in the cars. The rapid adoption of EVs worldwide and the pressing necessity for a dependable charging infrastructure are fueling this market’s growth prospects.
Geographically, in the global MOSFET Relay market, Asia Pacific is analyzed to be the leading with the market share of $0.3 billion in 2022. One of the main factors propelling the MOSFET Relay market in this area is the rapid economic growth in countries like China, India, and Southeast Asian nations, as well as the growing customer preference for sophisticated relays that are lightweight and high performing. Due to the growing demand for automated power grid, hybrid and electric vehicles in automobile industry, the market is predicted to expand more quickly in Asia Pacific region.
The demand for advanced relays with lightweight and high-performance characteristics is compelling manufacturers to invest in producing more solid-state relays, compared to traditional heavy electromechanical relays, owing to the growing demand for hybrid and electric vehicles around the world. This, in turn, will boost market growth in the future.
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Key Opportunity Analysis:
The demand for relays in an automated power grid is huge as they can support monitoring transformers and protect from transformer overload, over excitation, and through-fault, as well as standard protection functions including over current, differential, and earth faults.
Data centres are regarded as the main application category in the MOSFET relay industry. Due to trends like the Internet of Things (loT), automation in the automotive industry, robotics, and artificial intelligence, as well as a billion more people becoming online across developing countries, data centres will continue to expand. By 2025, 175 zettabytes of data is anticipated to be produced. Companies like Google, Amazon, and Microsoft are all building their data centres in areas like North America and Asia Pacific to meet the rising demand.
Relays are used in numerous applications in automobile industry, including providing a very large contact gap, strong switching capabilities, and many others, the emergence of renewable energy generation throughout the region presents potential for relay makers. In addition, the government and other local businesses have made significant investments in the growth of this sector.
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The Report also Covers the Following Areas:
MOSFET Relay Market 2023-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
During covid times shortage of raw materials, surge in instrument and equipment price for the MOSFET Relay manufacturing impacted heavily. Significantly MOSFET relay industry got effected by slowing down production, enacting social isolationist policies, and upsetting the supply chain. Relay orders were down, which decreased sales and revenue for the industry’s manufacturers. Also, the pandemic’s financial effects on businesses prevented them from making capital equipment investments, which diminished customer demand for relays.
The Russia-Ukraine conflict majorly hindered the power MOSFET Relays, since Russia is one of the suppliers of the components and raw materials used to make power MOSFET relays, any disruption in Russian exports may have an impact on the production schedules of relay manufacturers throughout the world. As a result of the sanctions that Ukraine imposed on Russia, it’s possible that the cost of the raw materials required to make relays may increase. This is anticipated to further cut into the profits that manufacturers make from selling relays.
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The Global MOSFET Relay Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
Solidstate Relay Market – The Solid State Relay Market size is estimated to grow at a CAGR of 6.9% during 2023-2030.
Electromechanical Relay Market – The Electromechanical Relay market is projected to grow at a CAGR of 6.1% during the forecast period.
Automotive Relay Market – Automotive Relay Market is projected to grow at a CAGR of 5.1% during 2020-2025. The significant rise in the demand for the electric vehicles and the employment of the relays in the vehicles in analyzed impact on the growth of the Automotive relay market.
Protective Relay Market – Protective Relay Market is evaluated to grow at a CAGR of 3.3% through to 2025.
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