Power MOSFET Market Synopsis

Power MOSFET Market Size Was Valued at USD 8.54 Billion in 2023 and is Projected to Reach USD 15.65 Billion by 2032, Growing at a CAGR of 6.96% From 2024-2032.

A power metal oxide semiconductor field-effect transistor (MOSFET) is a device that controls high power or current in circuits by switching large amounts of current. They are often used as single transistors in switching power supplies and motor controllers.

• The growing necessity for energy efficiency has resulted in an increased need for power MOSFETs, essential for efficient power conversion. Improvements in semiconductor technology, such as enhanced materials and techniques, have increased the efficiency of power MOSFETs, leading to their widespread use in various applications. The rise in popularity of consumer electronics such as smartphones and home appliances has increased the need for power MOSFETs because of their importance in effective power control.
• The automotive sector is growing due to the incorporation of electronic systems in cars for controlling the powertrain, providing infotainment, and assisting drivers. Power MOSFETs play a crucial role in driving market expansion. Efficient power management systems utilizing Power MOSFETs are needed for integrating renewable energy sources like solar and wind power. The increasing popularity of electric cars is leading to the utilization of Power MOSFETs in EV parts such as battery management systems and power converters.
• Dependable power control solutions are necessary due to the increase in industrial automation. Power MOSFETs play a crucial role in motor drives and industrial machinery. Improvements in MOSFET technology to increase small size and performance address the need for compact, high-power gadgets. The demand for power MOSFETs is increased by the expansion of infrastructure projects such as smart grids.

Power MOSFET Market Trend Analysis

Increasing Adoption of Wide-Bandgap Semiconductors

• WBG semiconductors provide improved efficiency by reducing conduction and switching losses, leading to increased overall efficiency in power systems. SiC MOSFETs exhibit better thermal characteristics and conductivity than silicon, enabling operation at elevated temperatures without performance deterioration and improved heat dissipation for smaller, more compact designs. SiC MOSFETs are capable of managing increased voltages (up to 1,200V) and power ratings, decreasing the requirement for large protection circuits. This enables the creation of smaller and lighter power systems for different uses, like in cars and factories.
• GaN MOSFETs provide rapid switching capabilities, which are advantageous for high-frequency uses such as RF amplifiers and power converters. Increasing the speed of switching decreases the dimensions of passive elements in power circuits, enhancing effectiveness and reducing size. There is an increasing need for effective power management solutions in electric vehicles, renewable energy sources, and industrial/consumer electronics due to the expanding market demands. WBG MOSFETs improve power conversion efficiency and thermal management in electric vehicles, inverters, and motor drives, fulfilling the requirements of the automotive sector and the growing usage of renewable energy sources. The need for high-efficiency power supplies is increasing in industrial automation and consumer electronics industries, leading to the use of WBG MOSFETs in various applications.
• Continuous research and advancements in wide bandgap semiconductor technologies contribute to innovation and manufacturing enhancements, resulting in better performance, decreased costs, and increased reliability of SiC and GaN MOSFETs. As industries encounter more regulatory pressure to improve energy efficiency and reduce emissions, the use of WBG semiconductors can help satisfy these demands by providing enhanced energy efficiency. Moreover, WBG MOSFETs help achieve sustainability targets by improving power system efficiency and decreasing carbon footprints, supporting the ambitious environmental goals set by companies and governments.

Increasing Demand for Energy-Efficient Solutions

• The demand for advanced MOSFETs in power supply circuits is increasing due to the adoption of energy-efficient power supplies. Producers may prioritize creating MOSFETs with increased efficiency and reduced power losses to fulfill these needs. Companies that focus on MOSFETs for solar inverters, wind turbine power converters, and other renewable energy applications can benefit from the growing market of renewable energy systems. With the increase in energy efficiency of consumer electronics, there is a rising demand for MOSFETs that help reduce energy usage and extend battery life. This allows companies to be creative in developing energy-efficient designs for smartphones, tablets, and wearables.
• The need for power management solutions, such as Power MOSFETs in motor drives and distribution systems, is being fuelled by industrial efficiency and automation. In the same way, the demand for high-performance MOSFETs is on the rise in components such as battery management systems due to the advancements in electric vehicles. This pattern allows suppliers to provide MOSFETs customized for industrial and automotive uses, taking advantage of enhanced efficiency and energy conservation.
• Rules and guidelines that support energy conservation are encouraging industries to implement energy-saving technologies, opening up possibilities for power MOSFETs that adhere to these regulations. Emerging markets are also accepting energy-saving technologies, creating chances for companies to supply tailored power MOSFETs. Advancements in MOSFET technology, such as updates in materials and designs, are opening up fresh market categories and possibilities, enabling companies at the forefront of technological progress to seize new chances and remain competitive.

Power MOSFET Market Segment Analysis:

Power MOSFET Market Segmented on the basis of Type, Power Rate, Technology, Channel Type, Application, And End user.

By channel Type, the N-Channel Segment Is Expected to Dominate the Market During the Forecast Period.

• N-channel MOSFETs have better performance qualities with less on-resistance to lower conduction losses and increased efficiency in power conversion. They also provide improved electrical properties with an increased ability to handle current, making them appropriate for high-power uses. Furthermore, their quicker switching speeds make them perfect for high-frequency uses and enhance the performance of switching power supplies.
• Progress in SiC and GaN technologies has enhanced the capabilities of N-channel MOSFETs, leading to increased voltage ratings, improved efficiency, and quicker switching speeds. These materials are being more and more utilized in high-power applications like consumer electronics, automotive systems, and industrial automation. N-channel MOSFETs are used in power management circuits for smartphones, tablets, and laptops in the consumer electronics industry. N-channel MOSFETs play a crucial role in managing power and controlling electric vehicles and advanced driver assistance systems within the automotive sector. N-channel MOSFETs play a crucial role in industrial automation, being essential for motor drives, power supplies, and various applications because of their effectiveness and dependability.
• N-channel MOSFETs provide design simplicity and cost benefits, which makes them a cost-efficient option for many uses. The increasing market trend favors energy efficiency, resulting in greater utilization of high-efficiency components such as N-channel MOSFETs. Moreover, the increasing utilization of power electronics across different industries is fuelling the rise of N-channel MOSFETs because of their advantages in power conversion and control.

By Application, EV and EHV Components Segment Held the Largest Share In 2023

• Maximizing range and performance in EVs and EHV systems relies heavily on efficient power conversion. Advanced materials such as Silicon Carbide (SiC) and Gallium Nitride (GaN) in Power MOSFETs reduce resistance, enhance efficiency, and aid in controlling power loss to boost overall system efficiency. Power MOSFETs play a crucial role in high-speed switching applications, enhancing power electronics' control and efficiency. Furthermore, high-performance power MOSFETs like SiC and GaN MOSFETs provide better heat control and longevity, functioning at elevated temperatures to guarantee the safety and durability of electric vehicles and extra-high voltage systems.
• The rise in popularity of electric vehicles is causing a rise in purchases of high-performance power MOSFETs that are utilized in EV powertrains, charging systems, and battery management systems. Current electric vehicles are equipped with state-of-the-art technologies such as regenerative braking and power management systems that depend on high-efficiency MOSFETs for top-notch performance. High-voltage applications, like those in power grids and renewable energy systems, need MOSFETs that can manage high levels of voltage and current. The demand for reliable power MOSFETs is also fueled by the incorporation of renewable energy sources into the grid.
• In electric and extra high voltage applications, advancements in SiC and GaN MOSFETs have revolutionized power electronics by enhancing efficiency and thermal performance. Ongoing advancements in power MOSFET technology are in sync with the changing requirements of electric and high-voltage systems. Stricter emission regulations and sustainability objectives are pushing the need for advanced power MOSFETs, as the global shift towards electric vehicles and high-efficiency technologies intensifies to decrease carbon footprints and improve energy efficiency.

Power MOSFET Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• China and India are quickly becoming more industrialized and urbanized, resulting in an increased need for power management solutions in manufacturing, construction, and infrastructure. The APAC area plays a crucial role in the manufacturing of electronics, particularly in consumer electronics and automotive parts. Furthermore, governments in the area are making significant investments in renewable energy sources such as solar and wind power, leading to a greater demand for power MOSFETs in power conversion systems.
• The increasing use of electric vehicles in APAC, especially in China, is fueling the market expansion for power MOSFETs, crucial for effective power control in EVs. Developments in MOSFET technology, led by top semiconductor companies and research institutions in APAC, provide enhanced efficiency and miniaturization to address increasing needs. Efficient production in the area reduces MOSFET expenses, increasing their availability for different uses.
• The increasing middle class and higher disposable income in APAC nations are driving the market for consumer electronics, resulting in a higher requirement for power MOSFETs in products such as smartphones and tablets. Government policies and incentives in APAC countries help to encourage technology growth and establish a positive atmosphere for the power MOSFET market. Investments in infrastructure, trade agreements between regions, and economic partnerships in APAC are also helping drive market expansion.

Power MOSFET Market Active Players

• Infineon Technologies AG (Germany)
• NXP Semiconductors N.V. (Netherlands)
• Texas Instruments Inc. (USA)
• ON Semiconductor Corporation (USA)
• STMicroelectronics N.V. (Switzerland)
• Renesas Electronics Corporation (Japan)
• Vishay Intertechnology Inc. (USA)
• Mitsubishi Electric Corporation (Japan)
• Microchip Technology Inc. (USA)
• Broadcom Inc. (USA)
• Rohm Semiconductor (Japan)
• Toshiba Corporation (Japan)
• Sony Semiconductor Solutions Corporation (Japan)
• Qualcomm Inc. (USA)
• Analog Devices Inc. (USA)
• Maxim Integrated (now part of Analog Devices) (USA)
• International Rectifier (now part of Infineon Technologies) (USA)
• Linear Technology (now part of Analog Devices) (USA)
• Alpha & Omega Semiconductor Limited (USA)
• Fairchild Semiconductor (now part of ON Semiconductor) (USA)
• Diodes Incorporated (USA)
• Microsemi Corporation (now part of Microchip Technology) (USA)
• Power Integrations Inc. (USA)
• Semiconductor Manufacturing International Corporation (SMIC) (China)
• Navitas Semiconductor (USA), and Other Active players.

Key Industry Developments in the Power MOSFET Market:

• In Feb 2024, Nexperia was once again bringing its product innovations to APEC and today announced the release of several new MOSFETs to further broaden its range of discrete switching solutions for use in various applications across multiple end markets. This release includes 100 V application-specific MOSFETs (ASFETs) for PoE, eFuse, and relay replacement in 60% smaller DFN2020 packaging, and 40 V NextPowerS3 MOSFETs with improved electromagnetic compatibility (EMC) performance.
• In June 2024, Mitsubishi Electric Corporation (TOKYO: 6503) announced that it has begun shipping low-current 3.3kV/400A and 3.3kV/200A versions of a Schottky barrier diode (SBD) embedded silicon carbide (SiC) metal-oxide-semiconductor field-effect transistor (MOSFET) module for large industrial equipment, including rolling stock and electric power systems, from today, June 10. Together with the existing 3.3kV/800A version, the newly named UnifullTM series comprises three modules to meet the growing demand for inverters capable of increasing power output and power conversion efficiency in large industrial equipment.
• In April 2024, Mouser Electronics, Inc., the industry's leading New Product Introduction (NPI) distributor with the widest selection of semiconductors and electronic components, is pleased to announce a new global partnership with Edge Impulse, a cutting-edge development platform that enables machine learning (ML) on edge devices, providing advanced intelligence to a wide range of products and devices, from low-power MCUs to efficient Linux CPU targets and GPUs.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. POWER MOSFET MARKET BY TYPE (2017-2032)
   1. POWER MOSFET MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. DEPLETION MODE POWER MOSFET
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
   4. ENHANCEMENT MODE POWER MOSFET
7. POWER MOSFET MARKET BY POWER RATE (2017-2032)
   1. POWER MOSFET MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. HIGH POWER
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
   4. MEDIUM POWER
   5. LOW POWER
8. POWER MOSFET MARKET BY TECHNOLOGY (2017-2032)
   1. POWER MOSFET MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SIC
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
   4. GAN
   5. SI
9. POWER MOSFET MARKET BY CHANNEL TYPE (2017-2032)
   1. POWER MOSFET MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. N-CHANNEL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
   4. P-CHANNEL
10. POWER MOSFET MARKET BY APPLICATION (2017-2032)
    1. POWER MOSFET MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. EV AND EHV COMPONENTS
       1. Introduction And Market Overview
       2. Historic And Forecasted Market Size in Value (2017-2032F)
       3. Historic And Forecasted Market Size in Volume (2017-2032F)
       4. Key Market Trends, Growth Factors and Opportunities
       5. Geographic Segmentation Analysis
    4.  COMPUTING AND DATA STORAGE DEVICES
    5. POWER DEVICES AND COMPONENTS
    6. DISPLAY DEVICES
    7. LIGHTING PRODUCTS
    8. TELECOM EQUIPMENT
11. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
       1. Competitive Benchmarking
       2. Power MOSFET Market Share by Manufacturer (2023)
       3. Industry BCG Matrix
       4. Heat Map Analysis
       5. Mergers & Acquisitions
    2. INFINEON TECHNOLOGIES AG (GERMANY)
       1. Company Overview
       2. Key Executives
       3. Company Snapshot
       4. Role of the Company in the Market
       5. Sustainability and Social Responsibility
       6. Operating Business Segments
       7. Product Portfolio
       8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
       9. Key Strategic Moves And Recent Developments
       10. SWOT Analysis
    3. NXP SEMICONDUCTORS N.V. (NETHERLANDS)
    4. TEXAS INSTRUMENTS INC. (USA)
    5. ON SEMICONDUCTOR CORPORATION (USA)
    6. STMICROELECTRONICS N.V. (SWITZERLAND)
    7. RENESAS ELECTRONICS CORPORATION (JAPAN)
    8. VISHAY INTERTECHNOLOGY INC. (USA)
    9. MITSUBISHI ELECTRIC CORPORATION (JAPAN)
    10. MICROCHIP TECHNOLOGY INC. (USA)
    11. BROADCOM INC. (USA)
    12. ROHM SEMICONDUCTOR (JAPAN)
    13. TOSHIBA CORPORATION (JAPAN)
    14. SONY SEMICONDUCTOR SOLUTIONS CORPORATION (JAPAN)
    15. QUALCOMM INC. (USA)
    16. ANALOG DEVICES INC. (USA)
    17. MAXIM INTEGRATED (USA)
    18. INTERNATIONAL RECTIFIER (USA)
    19. LINEAR TECHNOLOGY (USA)
    20. ALPHA & OMEGA SEMICONDUCTOR LIMITED (USA)
    21. FAIRCHILD SEMICONDUCTOR (USA)
    22. DIODES INCORPORATED (USA)
    23. MICROSEMI CORPORATION (USA)
    24. POWER INTEGRATIONS INC. (USA)
    25. SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION (SMIC) (CHINA)
    26. NAVITAS SEMICONDUCTOR (USA)
12. GLOBAL POWER MOSFET MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Type
       4. Historic And Forecasted Market Size By Power Rate
       5. Historic And Forecasted Market Size By Technology
       6. Historic And Forecasted Market Size By Channel Type
       7. Historic And Forecasted Market Size By  By Application
       8. Historic And Forecasted Market Size By End-user
       9. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
13. INVESTMENT ANALYSIS
14. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies
       1. 1. Thailand
          2. Vietnam
          3. The Philippines
          4. Australia
          5. New-Zealand
          6. Rest Of APAC
    3. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    4. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
15. INVESTMENT ANALYSIS
16. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies