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Power MOSFET Market: Notable Growth and Expansion Propelled By Electric Vehicle Adoption and Technological Advancements
Power MOSFET Market
Renewed vigor in the power MOSFET market is driven by the proliferation of electronics in consumer devices, the growing adoption of electric vehicles, and technological advancements.
What Is The Projected Market Size Of The Global Power MOSFET Market And Its Growth Rate?
•The power MOSFET market size has witnessed strong growth in recent years. From a size of $8.08 billion in 2024,
the market is projected to grow to $8.65 billion in 2025, at a CAGR of 7.0%.
•This growth trend is expected to continue, with the market size increasing to $11.47 billion in 2029 at a CAGR of 7.3%.
•Key factors propelling this growth include the increasing demand for energy-efficient devices, the expansion of the automotive industry, and the evolving telecommunications infrastructure.
What Is Driving The Growth In The Power MOSFET Market?
The growth of the power MOSFET market is largely driven by the increasing adoption of electric vehicles worldwide. Power MOSFETs play a crucial role in the inverter systems of electric vehicles, as they transform DC power from the battery into AC power for the electric motor. For instance, in 2024, the International Energy Agency reported that new electric car registrations totaled 1.4 million in 2023, a 40% increase compared to 2022. This growing trend for electric vehicles is a key driver for the power MOSFET market.
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Who Are The Key Players Driving Power MOSFET Market Growth?
The global power MOSFET market comprises several key players, including:
•Panasonic Corporation
•Mitsubishi Electric Corporation
•Sumitomo Electric Industries Ltd.
•Toshiba Corporation
•Texas Instruments Incorporated
•STMicroelectronics NV
•TDK Corporation
•Infineon Technologies AG
•NXP Semiconductors Inc.
What Are The Key Trends In The Power MOSFET Market?
Some of the significant trends shaping the power MOSFET market are as follow:
•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
What Are The Segments Of The Global Power MOSFET Market?
The power MOSFET market can be segmented by Type, Power Rate, and Application:
•By Type: Depletion Mode Power MOSFET, Enhancement Mode Power MOSFET
•By Power Rate: High Power, Medium Power, Low Power
•By Application: Energy And Power, Consumer Electronics, Automotive, Inverter And UPS, Industrial, Other Applications
Which Region Leads The Power MOSFET Market?
Asia-Pacific was the largest region in the power MOSFET market in 2024, while North America is projected to be the fastest-growing region during the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Power MOSFET Global Market Report?
• Market Size Analysis
• Market Segmentation Analysis
• Key Player Focus
• Growth Trends Analysis
• Market Contribution
• Growth Drivers
• Industry Challenges
• Competitive Developments
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