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Driving Electronics Forward: Power MOSFET Advancements for High Performance
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According to The Business Research Company's, The power mosfet (metal-oxide-semiconductor field-effect transistor) market size has grown strongly in recent years. It will grow from $7.6 billion in 2023 to $8.22 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to proliferation of electronics in consumer devices, growth in power electronics applications, increasing demand for energy-efficient devices, expansion of the automotive industry, evolving telecommunications infrastructure.
The power mosfet (metal-oxide-semiconductor field-effect transistor) market size is expected to see strong growth in the next few years. It will grow to $10.86 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to adoption of electric vehicles and renewable energy, expansion of 5g networks and iot devices, increasing demand for power management in data centers, growth in industrial automation, advances in power mosfet design. Major trends in the forecast period include miniaturization of power mosfets, integration of advanced packaging technologies, development of wide-bandgap power mosfets, increasing use of gallium nitride (gan) and silicon carbide (sic), adoption of advanced gate driver technologies.
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Market Drivers and Trends:
The growing adoption of electric vehicles is expected to propel the growth of the power MOSFET market going forward. An electrical vehicle is a type of vehicle that uses electrical energy stored in batteries or other energy storage devices to power one or more electric motors. In an electric vehicle's inverter system, Power MOSFETs are widely utilized to power the electric motor and transform the DC power from the battery into AC power. For instance, in September 2022, according to the International Energy Agency, a France-based autonomous intergovernmental organization, sales of electric vehicles nearly doubled to 6.6 million in 2021 compared to 2020, bringing the overall number of electric vehicles on the road up to 16.5 million. Therefore, the growing adoption of electric vehicles is driving the growth of the power MOSFET market.
Advancements in technology are a key trend gaining popularity in the power MOSFET market. Major companies operating in the power MOSFET market are adopting new technologies to sustain their position in the market. For instance, in November 2021, Infineon Technologies AG, a Germany-based semiconductor manufacturing company, launched OptiMOSTM 6 100 V with a new power MOSFET technology. The new technology is specially tailored for high switching frequency applications, such as telecom and solar, where switching and conduction losses are linked to charges and charges, respectively. OptiMOSTM 6 100 V is designed to have low on-resistance RDS (on)) and low gate charge, resulting in reduced conduction losses and improved energy efficiency.
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Major Key Players of the Market:
Panasonic Corporation, Mitsubishi Electric Corporation, Sumitomo Electric Industries Ltd., Toshiba Corporation, Texas Instruments Incorporated, STMicroelectronics NV, TDK Corporation, Infineon Technologies AG, NXP Semiconductors Inc., Analog Devices Inc., Semikron Danfoss, Renesas Electronics Corporation, ON Semiconductor Corporation, Fuji Electric Co. Ltd, Microchip Technology Inc., Digi-Key Corp., Vishay Intertechnology Inc., ROHM Semiconductor, Littelfuse Inc., Nexperia, Diodes Incorporated, Silicon Laboratories Inc., Alpha and Omega Semiconductor Ltd., Power Integration Inc., IXYS Corporation, Central Semiconductor Corp., Rongtech Industry (Shanghai) Inc., Fairchild Semiconductor International Inc.
Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market 2024 Key Insights:
• The power mosfet (metal-oxide-semiconductor field-effect transistor) market size is expected to see strong growth in the next few years. It will grow to $10.86 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
• Power Mosfet Market Driven By Growing Adoption Of Electric Vehicles
• Technological Advancements Shaping The Power Mosfet (Metal-Oxide Semiconductor Field-Effect Transistor) Market
• Asia-Pacific was the largest region in the power MOSFET market in 2023
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