Press release
Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market Poised for 7 % Growth, Set to Hit $11.47 Billion by 2029
How Are the key drivers contributing to the expansion of the power mosfet (metal-oxide-semiconductor field-effect transistor) market?The expected surge in the power MOSFET market is largely attributed to the growing adoption of electric vehicles. Vehicles powered by electricity utilize energy harnessed and stored in batteries or other devices to drive the electric motors. A fundamental component of an electric vehicle's inverter system, Power MOSFETs channel the DC energy from the battery into AC energy, fueling the vehicle's motor. As reported by the International Energy Agency, a France-based intergovernmental entity, in April 2024, the registration of new electric vehicles escalated to 1.4 million in 2023, marking a growth of over 40% in comparison to 2022. Consequently, the rise in the utilization of electric vehicles is positively impacting the prospects of the power MOSFET market.
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What growth opportunities are expected to drive the power mosfet (metal-oxide-semiconductor field-effect transistor) market's CAGR through 2034?
The market for power MOSFET (metal-oxide-semiconductor field-effect transistor) has exhibited robust growth in recent years. The sector, valued at $8.08 billion in 2024, is set to expand to $8.65 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this growth during the historic period includes the widespread incorporation of electronics into consumer devices, advancements in power electronics applications, a climbing demand for energy-economical devices, growth of the automotive industry, and the continuing evolution of telecommunication infrastructures.
The market for power MOSFET (metal-oxide-semiconductor field-effect transistor) is set to experience robust expansion in the upcoming years, forecasted to reach $11.47 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this growth during the forecast period include increased uptake of electric vehicles and renewable energy, advancements in 5G networks and IoT devices, a surge in demand for power management in data centers, the rise of industrial automation, and enhancements in power MOSFET designs. The period is also expected to witness several key trends such as the miniaturization of power MOSFETs, adoption of advanced packaging technologies, development of wide-bandgap power MOSFETs, a growing preference for gallium nitride (GaN) and silicon carbide (SiC), and the implementation of advanced gate driver technologies.
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What are the most significant trends transforming the power mosfet (metal-oxide-semiconductor field-effect transistor) market today?
Leading businesses in the power MOSFET industry are concentrating on technological innovation, specifically gallium nitride (GaN) technology, in order to improve power efficiency, switching speed, and thermal effectiveness. The adoption of gallium nitride technology in power MOSFETs offers enhanced performance and efficiency through quicker switching speeds, minimized energy loss, and superior thermal regulation. For instance, Transphorm, Inc., a U.S. semiconductor company specializing in gallium nitride transistors, introduced two new 650V SuperGaN FETs, the TP65H035G4YS and TP65H050G4YS, in a 4-lead TO-247 package in January 2024. These packages are tailored for applications in high-power servers, renewable energies, and industrial power conversion. Such GaN devices provide enhanced resistance and flexible switching abilities, which results in less energy loss and boosts performance in power supplies exceeding 1 kW.
Which growth-oriented segments of the power mosfet (metal-oxide-semiconductor field-effect transistor) market are leading the industry's development?
The power MOSFET (metal-oxide-semiconductor field-effect transistor) market covered in this report is segmented -
1) By Type: Depletion Mode Power MOSFET, Enhancement Mode Power MOSFET
2) By Power Rate: High Power, Medium Power, Low Power
3) By Application: Energy And Power, Consumer Electronics, Automotive, Inverter And UPS, Industrial, Other Applications
Subsegments:
1) By Depletion Mode Power MOSFET: N-Channel Depletion Mode MOSFET, P-Channel Depletion Mode MOSFET
2) By Enhancement Mode Power MOSFET: N-Channel Enhancement Mode MOSFET, P-Channel Enhancement Mode MOSFET
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What regions are leading the charge in the power mosfet (metal-oxide-semiconductor field-effect transistor) market?
Asia-Pacific was the largest region in the power MOSFET market in 2024. North America is expected to be the fastest-growing region in the power MOSFET market report forecast period. The regions covered in the power MOSFET (metal-oxide-semiconductor field-effect transistor) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the power mosfet (metal-oxide-semiconductor field-effect transistor) market?
Major companies operating in the power MOSFET (metal-oxide-semiconductor field-effect transistor) market include 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.
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What Is Covered In The Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Global Market Report?
• Market Size Forecast: Examine the power mosfet (metal-oxide-semiconductor field-effect transistor) market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the power mosfet (metal-oxide-semiconductor field-effect transistor) market for a structured understanding.
• Key Players Overview: Analyze major players in the power mosfet (metal-oxide-semiconductor field-effect transistor) market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the power mosfet (metal-oxide-semiconductor field-effect transistor) market.
• Segment Contributions: Evaluate how different segments drive overall growth in the power mosfet (metal-oxide-semiconductor field-effect transistor) market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the power mosfet (metal-oxide-semiconductor field-effect transistor) market.
• Industry Challenges: Identify potential risks and obstacles affecting the power mosfet (metal-oxide-semiconductor field-effect transistor) market.
• Competitive Landscape: Review strategic developments in the power mosfet (metal-oxide-semiconductor field-effect transistor) market, including expansions, agreements, and new product launches.
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