Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Global Market Report 2024, The power mosfet (metal-oxide-semiconductor field-effect transistor) market size has grown strongly in recent years. It will grow from $7.6 billion in 2023 to $8.22 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to proliferation of electronics in consumer devices, growth in power electronics applications, increasing demand for energy-efficient devices, expansion of the automotive industry, evolving telecommunications infrastructure.

The power mosfet (metal-oxide-semiconductor field-effect transistor) market size is expected to see strong growth in the next few years. It will grow to $10.86 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to adoption of electric vehicles and renewable energy, expansion of 5g networks and iot devices, increasing demand for power management in data centers, growth in industrial automation, advances in power mosfet design. Major trends in the forecast period include 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.

The growing adoption of electric vehicles is expected to propel the growth of the power MOSFET market going forward. An electrical vehicle is a type of vehicle that uses electrical energy stored in batteries or other energy storage devices to power one or more electric motors. In an electric vehicle’s inverter system, Power MOSFETs are widely utilized to power the electric motor and transform the DC power from the battery into AC power. For instance, in September 2022, according to the International Energy Agency, a France-based autonomous intergovernmental organization, sales of electric vehicles nearly doubled to 6.6 million in 2021 compared to 2020, bringing the overall number of electric vehicles on the road up to 16.5 million. Therefore, the growing adoption of electric vehicles is driving the growth of the power MOSFET market.

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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

Advancements in technology are a key trend gaining popularity in the power MOSFET market. Major companies operating in the power MOSFET market are adopting new technologies to sustain their position in the market. For instance, in November 2021, Infineon Technologies AG, a Germany-based semiconductor manufacturing company, launched OptiMOSTM 6 100 V with a new power MOSFET technology. The new technology is specially tailored for high switching frequency applications, such as telecom and solar, where switching and conduction losses are linked to charges and charges, respectively. OptiMOSTM 6 100 V is designed to have low on-resistance RDS (on)) and low gate charge, resulting in reduced conduction losses and improved energy efficiency.

The power mosfet (metal-oxide-semiconductor field-effect transistor) market report table of contents includes: