by The Power MOSFET Market is estimated to be valued at US$ 8.06 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
The Power MOSFET Market has several advantages including higher switching speed, low on-resistance and fast switching compared to bipolar transistors. Power MOSFETs are extensively used in automobile electronics, computing devices, industrial motor controls, power supplies, and consumer applications.
Market Overview:
A power MOSFET or power metal–oxide–semiconductor field-effect transistor is a type of metal–oxide–semiconductor field-effect transistor (MOSFET) designed to handle significant power levels. It is used in switching-mode power supplies, induction heating applications, motor controls, high-current switches and other power applications. Power MOSFETs with low on-resistance are important for high-efficiency applications.
Market key trends:
The trend of miniaturization is driving the Global Power MOSFET Market as power MOSFETs are increasingly being used in small portable devices due to their small size and low power consumption. Moreover, the growing adoption of electric vehicles is also propelling market growth. Power MOSFETs are indispensable components in electric vehicles as they are used for battery charging and motor controls. The rising demand for renewable energy is another key trend as power MOSFETs are used in solar photovoltaic systems for maximum power point tracking. Furthermore, the increasing trend of industrial automation is augmenting market expansion.
Porter’s Analysis
Threat of new entrants: The power MOSFET market faces low threat of new entrants as manufacturing of power MOSFET requires significant capital investment and technological expertise. Bargaining power of buyers: The power MOSFET market is highly fragmented due to presence of several players providing buyers moderate bargaining power. Bargaining power of suppliers: The power MOSFET market has few raw material suppliers, giving them moderate bargaining power against the manufacturers. Threat of new substitutes: There is low threat of new substitutes for power MOSFETs as they are irreplaceable components used in power electronics applications. Competitive rivalry: The power MOSFET market witnesses high competition among the existing players.
SWOT Analysis
Strength: Power MOSFETs are energy efficient and offer high performance making them preferred components for power electronics. Weakness: Design complexity and manufacturing challenges of power MOSFETs increases their costs. Opportunity: Growing adoption of electric vehicles and rising demand for consumer electronics offers significant market opportunity. Threats: Trade war between the US and China poses supply chain risks for power MOSFET manufacturers.
Key Takeaways
The global power MOSFET market is expected to witness high growth, exhibiting CAGR of 6.7% over the forecast period, due to increasing demand for energy efficient power solutions from end use industries such as automotive, consumer electronics and industrial. Asia Pacific dominates the global power MOSFET market owing to presence of leading manufacturing hubs and high consumption especially in China, Japan, South Korea and India. Key players operating in the power MOSFET market are Toshiba Corporation, STMicroelectronics N.V., Renesas Electronics Corporation, Texas Instruments Incorporated, Infineon Technologies AG, NXP Semiconductors, Mitsubishi Electric Corporation, Digi-key Electronics, IXYS Corporation, and Power Integrations, Inc.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
