The Global Power MOSFET Market size is expected to reach $11.4 billion by 2030, rising at a market growth of 7.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,47,516.6 thousand units experiencing a growth of 7.2% (2019-2022).
Power MOSFETs are crucial in designing power inverters in renewable energy systems inverters. These devices convert the DC rendered by solar panels or wind turbines into AC suitable for grid or local consumption. Consequently, the energy & power segment would generate approximately 14.41% share of the market by 2030. Power MOSFETs contribute to efficient charging and discharging processes in energy storage applications, such as battery management systems. They control the flow of electrical energy to and from energy storage devices. Some of the factors affecting the market are increased dependence on electrical equipment and machinery, growing emphasis on power-saving, and high cost of advanced materials.
The expansion of smartphones, tablets, laptops, and other consumer electronics has increased demand for power MOSFETs. These devices use power MOSFETs in various applications, including power supplies, battery management systems, and voltage regulators. As industries increasingly adopt automation and robotics for manufacturing processes, the demand for efficient and precise motor control rises. These factors will drive market growth in the coming years. Moreover, there is a continuous demand for energy-efficient consumer electronics, such as smartphones, laptops, and smart home devices. Power MOSFETs, being key components in power management circuits, extend battery life and improve overall energy efficiency in these devices. The above aspects will boost market growth.
However, in consumer electronics, where cost is critical, the high cost of advanced materials can hinder the adoption of power MOSFETs. Manufacturers may face challenges incorporating these advanced MOSFETs into cost-sensitive devices such as smartphones, laptops, and other consumer gadgets. The power electronics industry is highly competitive, and pricing is a significant consideration. The high cost of advanced materials will decline the market growth.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
Based on type, the market is fragmented into depletion mode and enhancement mode. The enhancement mode segment garnered the highest revenue share in the market in 2022. Enhancement-mode MOSFETs offer precise control over the current flow through the device, making them suitable for applications where accuracy in switching and amplification is crucial. Their ability to switch rapidly between ON and OFF states contributes to high efficiency in power conversion applications, reducing energy losses. Enhancement-mode MOSFETs are relatively easy to use in electronic circuits, and their operation is straightforward, making them accessible for a broad range of applications. These MOSFETs are available in various voltage ratings, allowing for flexibility in designing circuits for different voltage levels.
On the basis of power rates, the market is segmented into low power, medium power, and high-power. The medium power segment acquired a substantial revenue share in the market in 2022. Medium power MOSFETs offer a versatile solution for applications that require a balance between low and high-power handling capabilities. This versatility makes them appropriate for a wide range of electronic systems. The design of medium power MOSFETs prioritizes thermal stability and reliable operation, ensuring that these components perform well under varying operating conditions. The availability of medium power MOSFETs with various voltage ratings allows for adaptability to different voltage levels in electronic circuits, making them suitable for applications with diverse requirements.
By application, the market is classified into consumer electronics, energy & power, automotive, industrial, inverter & UPS, and others. The automotive segment projected the highest revenue share in the market in 2022. Power MOSFETs are integrated into ECUs to control various aspects of the engine, including fuel injection, ignition timing, and throttle control. Their use in these critical systems improves engine performance, fuel efficiency, and emissions control. EPS systems utilize power MOSFETs to control the electric motor that assists in steering. This technology provides variable power assistance based on driving conditions, contributing to improved handling and fuel efficiency. Power MOSFETs play a role in the electronic control of brake systems, including antilock braking systems (ABS) and electronic stability control (ESC). These systems enhance vehicle safety by preventing wheel lockup and improving stability during braking.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 6.6 Billion |
| Market size forecast in 2030 | USD 11.4 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 7.2% from 2023 to 2030 |
| Number of Pages | 381 |
| Number of Table | 730 |
| Quantitative Data | Volume in Thousand Units, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Type, Power Rates, Application, Region |
| Country scope |
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| Companies Included | STMicroelectronics N.V., Texas Instruments, Inc., NXP Semiconductors N.V., Digikey, Power Integrations Inc., Littlefuse, Inc., Mitsubishi Electric Corporation, Infineon Technologies AG, Toshiba Corporation, Renesas Electronics Corporation |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region recorded a remarkable revenue share in the market in 2022. The utilization of electric and hybrid vehicles in North America is on the rise, fueled by an increasing emphasis on sustainability and environmental consciousness. The availability of government incentives, favorable policies, and the development of charging infrastructure contribute to this trend. The demand for power MOSFETs used in these vehicles is expected to grow substantially, positioning North America as a significant market for power semiconductor devices.
Free Valuable Insights: Global Power MOSFET Market size to reach USD 11.4 Billion by 2030
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include STMicroelectronics N.V., Texas Instruments, Inc., NXP Semiconductors N.V., Digikey, Power Integrations Inc., Littlefuse, Inc., Mitsubishi Electric Corporation, Infineon Technologies AG, Toshiba Corporation, Renesas Electronics Corporation.
By Type (Volume, Thousand Units, USD Million, 2019-2030)
By Power Rates (Volume, Thousand Units, USD Million, 2019-2030)
By Application (Volume, Thousand Units, USD Million, 2019-2030)
By Geography (Volume, Thousand Units, USD Million, 2019-2030)
This Market size is expected to reach $11.4 billion by 2030.
Increasing dependence on electrical equipment and machinery are driving the Market in coming years, however, High cost of advanced materials restraints the growth of the Market.
STMicroelectronics N.V., Texas Instruments, Inc., NXP Semiconductors N.V., Digikey, Power Integrations Inc., Littlefuse, Inc., Mitsubishi Electric Corporation, Infineon Technologies AG, Toshiba Corporation, Renesas Electronics Corporation.
In the year 2022, the market attained a volume of 1,47,516.6 thousand units experiencing a growth of 7.2% (2019-2022).
The Low Power segment is leading the Market by Power Rates in 2022there by, achieving a market value of $5.05 billion by 2030.
The Asia Pacific region dominated the Market by Region in 2022 and would continue to be a dominant market till 2030;there by, achieving a market value of $4.4 billion by 2030.
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