The global power MOSFET market is set for significant expansion, with an anticipated valuation of USD 24,700 million by 2023. The market displays a significant trend, featuring a noteworthy CAGR of 9.3%, which is expected to continue until 2033. The consistent growth forecasts indicate that the global power MOSFET market is poised to achieve an impressive valuation of USD 60,100 million by 2033.
Key Market Trends and Highlights
| Attributes | Key Insights |
|---|---|
| Power MOSFET Market Estimated Size in 2023 | USD 24,700 million |
| Projected Market Size in 2033 | USD 60,100 million |
| Value-based CAGR from 2023 to 2033 | 9.3% |
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The scope for the global power MOSFET market insights rose at a 3.45% CAGR between 2018 and 2022. The market is anticipated to develop at a moderate CAGR of 9.3% over the forecast period from 2023 to 2033.
| Attributes | Details |
|---|---|
| Market Value in 2018 | USD 20,430.2 million |
| Market Value in 2022 | USD 23,400 million |
| CAGR from 2018 to 2022 | 3.45% |
The power MOSFET market experienced notable growth from 2018 to 2022, primarily driven by the increasing deployment of these semiconductor devices in electric devices. The demand for energy-efficient solutions in consumer electronics, industrial systems, and electric vehicles spurred significant investments in research and development.
The period witnessed a surge in the adoption of advanced technologies, particularly in smart homes and smart speakers, where power MOSFETs played a pivotal role in optimizing energy consumption and enhancing performance.
Looking ahead to the period from 2023 to 2033, the power MOSFET market is projected to continue its growth trajectory. The deployment of power MOSFETs in electric devices is expected to yield moderate cash output, driving further investments in research and development to enhance their capabilities and efficiency.
The demand for advanced technologies, especially in the realm of smart homes and smart speakers, is anticipated to grow, further bolstering the market. The limited availability of wafer production lines is likely to continue fueling growth as the industry seeks ways to overcome this challenge and expand production capacity.
The market is likely to benefit from high dependence on electrical equipment and machinery across various sectors. The rising focus on energy efficiency by key industry players is going to create new growth opportunities, as power MOSFETs remain integral to achieving energy-efficient solutions.
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The below table showcases revenues in terms of the three regions, spearheaded by the Asia Pacific, North America, and Europe. Out of these 3 regions, Asia Pacific is leading followed by North America.
| Asia Pacific | 28.3% |
|---|---|
| North America | 18.3% |
| Europe | 7.7 |
Asia Pacific is poised to maintain its dominant position in the global power MOSFET market. It is driven by the increasing demand for cost-effective electronic switch devices, particularly power MOSFETs, which are replacing bipolar junction transistors in emerging economies like India and China. The notable expansion of the automotive and manufacturing industries in the Asia Pacific region is a significant factor contributing to market growth.
According to data from the India Brand Equity Foundation (IBEF), India produced 22.65 million vehicles. With rising disposable incomes and rapid urbanization in developing countries of Asia, these figures are anticipated to continue growing at a significant pace in the future. The industrial expansion in Asia Pacific is likely to drive the demand for power MOSFETs as essential components in various applications within these industries.
North America is poised to maintain its strong position in the global power MOSFET market, trailing closely behind Asia Pacific in the assessment period. The United States and Canada, in particular, are expected to provide attractive growth prospects for key industry players. The surge in demand for hybrid and electric vehicles in the markets of North America is anticipated to be a driving force behind this growth.
The adoption 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 are contributing to this trend. The demand for power MOSFETs used in these vehicles is expected to witness substantial growth, positioning North America as a significant market for power semiconductor devices.
The power MOSFET market in Europe is experiencing a notable surge in demand driven by various factors. One significant driver is the increasing need for compact automation solutions across industries. The compact size and high efficiency of power MOSFETs make them an ideal choice for applications where space optimization is crucial.
The durability and efficiency of power MOSFETs have been instrumental in their growing adoption across different sectors. Industries such as energy and power, as well as consumer electronics, have shown a high propensity for integrating power MOSFETs into their systems.
The trend is expected to continue in the coming years, further propelling the growth of the global power MOSFET market. As the market evolves, power MOSFETs are poised to play a pivotal role in enhancing the efficiency and performance of various electronic systems and devices.
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The below table highlights how enhancement mode is projected to lead the market based on type expanding at a market share of 33.5% through 2033. The table further continues with details about how low power rates and automotive applications are anticipated to witness a market share of 63.4% and 77.9% through 2033 respectively.
| Category | Market Share by 2033 |
|---|---|
| Enhancement Mode | 33.5% |
| Low Power | 63.4% |
| Automotive | 77.9% |
In the significantly evolving landscape of power electronics, enhancement mode power MOSFETs have emerged as frontrunners in the global market. The devices are characterized by their excellent energy efficiency attributes and have taken center stage in various applications where power management and efficiency are paramount.
One key feature that sets enhancement mode power MOSFETs apart is their default state, which is normally off. This means that they require a positive gate voltage to activate, ensuring that they remain in an off state when not actively conducting.
The intrinsic property grants better control over power flow and substantially reduces power losses during standby or idle phases of operation. With energy efficiency becoming a critical consideration across industries, enhancement mode power MOSFETs have garnered significant preference for their ability to enhance the overall efficiency of systems and devices.
In the dynamic realm of semiconductor devices, low power MOSFETs have established their supremacy, claiming the dominant market share in the global power MOSFET market. The dominance can be attributed to the surging demand for energy-efficient components. It is primarily driven by the proliferation of portable electronic devices like smartphones, tablets, wearables, and an expanding Internet of Things (IoT) ecosystem.
Portable electronic gadgets, often reliant on battery power, necessitate components that exhibit minimal power consumption to extend the longevity of battery life. The MOSFETs are designed to deliver energy-efficient switching characteristics, which translate into substantial power savings for portable electronic devices.
Low power MOSFETs have emerged as indispensable components in the quest for optimal power efficiency with today's consumers demanding long battery life and increased mobility from their devices.
The automotive sector has emerged as the torchbearer, commanding the prominent market share in the global power MOSFET market. Such kind of pivotal position can be attributed to the seismic transformation unfolding in the global automotive industry, as it pivots swiftly toward electrification.
The shift encompasses a spectrum of electrified vehicles, including hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and fully electric vehicles (EVs). At the heart of this electrification revolution lies the indispensability of power MOSFETs.
Power MOSFETs play a pivotal role in shaping the future of automotive engineering from enabling precision motor drives to orchestrating the seamless operation of battery management systems.
The automotive sector's unwavering reliance on power MOSFETs positions it at the forefront of the global market as the world veers toward a future characterized by sustainable and eco-conscious mobility.
Many key power MOSFET market players are inclined to invest significantly in innovation, research, and development practices to uncover increased applications of power MOSFET. With the use of technology, players are also focusing on ensuring safety, quality, and customer satisfaction to captivate an increased customer base. Some of the latest developments include
| Attributes | Details |
|---|---|
| Estimated Market Size in 2023 | USD 24,700 million |
| Projected Market Valuation in 2033 | USD 60,100 million |
| CAGR Share from 2023 to 2033 | 9.3% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value in USD million |
| Key Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Market Segments Covered | Type, Power Rate, Application, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Renesas Electronics Corporation; NXP Semiconductors; Texas Instruments; Fairchild Semiconductors; Microchip Technology Inc.; Infineon Technologies AG; Toshiba Corp.; STMicroelectronics; Vishay Siliconix; Power Integration Inc.; Digi-key Electronics; Mitsubishi Electric Corp.; IXYS Corporation |
The power MOSFET market is expected to reach a valuation of USD 24,700 million in 2023.
Asia Pacific registered a market share of 28.3% in 2023.
The power MOSFET market is set to expand by a CAGR of 9.3% by 2033.
The power MOSFET market is forecasted to reach USD 60,100 million by 2033.
Automotive is preferred and are expected to rise at a market share of 77.9% through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Depletion Mode 5.2. Enhancement Mode 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power Rate 6.1. High Power 6.2. Medium Power 6.3. Low Power 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Energy and Power 7.2. Automotive 7.3. Consumer Electronics 7.4. Power Electronics 7.5. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Renesas Electronics Corporation 18.2. NXP Semiconductors 18.3. Texas Instruments 18.4. Fairchild Semiconductors 18.5. Microchip Technology Inc. 18.6. Infineon Technologies AG 18.7. Toshiba Corp. 18.8. STMicroelectronics 18.9. Vishay Siliconix 18.10. Power Integration Inc. 18.11. Digi-key Electronics 18.12. Mitsubishi Electric Corp. 18.13. IXYS Corporation 19. Assumptions & Acronyms Used 20. Research Methodology
Technology
November 2022
REP-GB-271
250 pages
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Power MOSFET Market
