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Emerging Trends Influencing The Growth Of The Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market: Advancements In Power Efficiency With Gallium Nitride (GaN) Technology
Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor)
How Big Is the Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market Size Expected to Be by 2034?
In recent times, the power MOSFET (metal-oxide-semiconductor field-effect transistor) market has experienced robust growth. The market is projected to expand from $8.08 billion in 2024 to $8.65 billion in 2025, registering a compound annual growth rate (CAGR) of 7.0%. The growth seen in the historic period is due to the widespread incorporation of electronics in consumer devices, the evolution in power electronics applications, increasing demand for energy-efficient devices, growth in the automotive industry, and expanding telecommunications infrastructure.
The metal-oxide-semiconductor field-effect transistor (MOSFET) market is forecasted to experience robust growth in the upcoming years, elevating it to a value of $11.47 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.3%. This expansion throughout the predictive phase is fueled by factors such as the uptake of electric cars and green energy, the advancement of 5G networks and IoT gadgets, a surge in power management needs in data centers, the rise of industrial automation, and progress in power MOSFET designs. Several emergent trends for the projection period cover the shrinking size of power MOSFETs, the incorporation of sophisticated packaging methodologies, the inception of broad-bandgap power MOSFETs, the escalating utilization of materials like gallium nitride (GaN) and silicon carbide (SiC), and the implementation of cutting-edge gate driver technologies.
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What Are the Emerging Segments Within the Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market?
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 Long-Term Drivers Are Shaping Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market Trends?
Expectations are that the escalating use of electric vehicles will boost the expansion of the power MOSFET market. These types of vehicles employ electrical energy, which is stored in batteries or other energy storage systems, to operate one or several electric motors. Within the inverter system of an electric vehicle, power MOSFETs are extensively used to provide energy to the electric motor by converting DC power from the battery into AC power. For example, the International Energy Agency, an autonomous intergovernmental organization based in France, reported in April 2024 that new registrations of electric cars reached 1.4 million in 2023, a rise of over 40% from 2022. Consequently, the increased use of electric vehicles is catalyzing the expansion of the power MOSFET market.
Who Are the Top Competitors in Key Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market Segments?
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.
What Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market Trends Are Gaining Traction Across Different Segments?
Leading firms in the power MOSFET market are concentrating on technological innovation to advance high-power applications, such as gallium nitride (GaN) technology, which boosts power efficiency, switching pace, and heat management. Power MOSFETs utilizing gallium nitride (GaN) technology can boost efficiency and performance by facilitating faster switching speeds, minimizing energy loss, and improving thermal control. For example, Transphorm, Inc., a US semiconductor company committed to manufacturing gallium nitride transistors, introduced two new 650V SuperGaN FETs, the TP65H035G4YS and TP65H050G4YS, housed in a 4-lead TO-247 package, in January 2024. These devices, constructed for high-power server, renewable, and industrial power conversion applications, provide enhanced resistance and adaptable switching capabilities. This innovation reduces energy waste and upgrades performance in power supplies exceeding 1 kW.
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Which Regions Are Becoming Hubs for Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market?
2. What is the CAGR expected in the Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market?
3. What Are the Key Innovations Transforming the Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Industry?
4. Which Region Is Leading the Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market?
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