by The power MOSFET market is broad range of metal–oxide–semiconductor field-effect transistors (MOSFETs) which are used as electronic switches in products ranging from computers, televisions, and phones to renewable energy sources. Power MOSFETs offer significant advantages over bipolar junction transistors (BJTs) such as higher input impedance and device power density, lower switching and conduction losses, wide dynamic range, and ease of gate drive.
The Global power MOSFET market is estimated to be valued at US$ 9.29 Bn in 2024 and is expected to exhibit a CAGR of 7.4% over the forecast period 2024 to 2031.
Power MOSFETs improves the energy efficiency and reduces power losses in end-use products like air conditioners, refrigerators, washing machines, UPS systems, electric vehicles, and solar panels among others. The increasing adoption of renewable energy like solar and wind energy is one of the major factors expected to drive the demand for power MOSFETs over the forecast period. Governments across regions are offering subsidies and tax incentives to promote the use of renewable energy which is further propelling the power MOSFET market growth. However, the high installation and manufacturing costs associated with power MOSFETs is a major challenge for widespread adoption.
Key Takeaways
Key players operating in the Power MOSFET Market Demand are Dow Inc. (US), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (US), Shin-Etsu Chemical Co., Ltd (Japan), China National Bluestar (Group) Co., (China), Reiss Manufacturing Inc. (US), and CHT Germany GmbH (Germany). Power MOSFET manufacturers are focusing on developing new products with improved performance characteristics like higher breakdown voltage, lower on-resistance, and fast switching speed to cater to the growing demand from various end-use industries.
Rising environmental concerns along with stringent government regulations regarding carbon emissions are compelling industries and consumers to shift towards more energy-efficient renewable sources of energy like solar and wind. This growing demand for renewable energy sources is having a positive impact on the power MOSFET market. Furthermore, favorable government policies in the form of subsidies and tax benefits for promoting solar rooftop installations and electric vehicle adoption will continue to support the market growth over the forecast period.
The power MOSFET market is witnessing increasing globalization with key players expanding their manufacturing and distribution footprint across different regions. Market leaders are investing heavily in developing advanced MOSFET technology and setting up overseas factories to establish themselves as global suppliers. This global expansion allows players to better serve worldwide customers and tap into high growth international markets for maximum profits.
Market Key Trends
One of the key trends gaining traction in the power MOSFET market is the increase in demand for electric vehicles. With growing environmental consciousness, many countries are formulating policies to ban the sale of gasoline vehicles and promote electric mobility. This has encouraged leading automakers to aggressively push for EV development and manufacturing. As power MOSFETs are extensively used in DC-DC converters, on-board chargers, and motor drivers of electric vehicles, the surging EV demand directly influences the power MOSFET consumption. Various innovations are ongoing to manufacture automotive-grade power MOSFETs with higher efficiency and longer lifespan to meet the exacting requirements of the e-mobility industry.
Porter’s Analysis
Threat of new entrants: New players will face high set up costs to establish manufacturing units along with strong brand loyalty of existing players. Bargaining power of buyers: Buyers have high bargaining power due to availability of substitutes and can force price cuts. Bargaining power of suppliers: Suppliers have moderate bargaining power as there are substitutes available in the market. Threat of new substitutes: Threat of substitutes is moderate as they need to prove their efficacy. Competitive rivalry: Industry players compete strongly on the basis of product quality, reliability, technical support and price.
The Power MOSFET market in North America accounts for the largest share of around 35% of the overall market. This is majorly due to high demand from various industries such as consumer electronics, automotive, industrial and telecommunication among others. Asia Pacific is projected to grow at the highest CAGR during the forecast period. Increasing industrialization and urbanization in countries such as China, India and Southeast Asian countries are fuelling the market growth in the region.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
