Power MOSFET Market

Market Overview

The global power MOSFET market was worth USD 6,550 million in 2021. It is projected to reach USD 11,645 million by 2030, growing at a CAGR of 6.6% during the forecast period (2022–2030). 

MOSFET stands for Metal Oxide Semiconductor Field Effect Transistor. It is a power semiconductor used as an electronic switch device to manage loads as needed. Apart from being a low-cost replacement for bipolar junction transistors (BJTs), it also provides power control to improve energy saving in various applications such as industrial systems, consumer electronics, and electric vehicles. It is currently utilized to improve switching speed, avoid power loss, and amplify electronic signals in electric devices in renewable resources and electric cars. Due to its widespread use in electric devices, power MOSFET has much potential in the near future. With modest testing, development, and research investments, the market is anticipated to grow steadily in the upcoming years.

Market Dynamics

Market Drivers

• Increased Dependence on Electrical Equipment and Machinery

Machines today are very versatile, compact, and efficient in doing what they are made to do, so much as they have taken over a lot of activities that were done manually. The demand for machines and electronic equipment has increased tremendously and is expected to maintain or surpass the market in the coming years. Most machinery uses power MOSFET to manage power. Global wind & solar installations in gigawatts (GW) are around 78,124, and the MOSFET module is widely used for voltage switching operations. One of the key factors influencing the power MOSFET market is the rising reliance on electrical machinery and equipment, which directly benefits power MOSFET.

• Improved Emphasis on Power Saving

Given the rapid depletion of fossil fuels, it is challenging to obtain electricity. It is hardly surprising that energy conservation is being prioritized increasingly. A MOSFET is a switching component for power supply, inverter, and electric vehicle management. In industrial settings with low switching frequencies, MOSFET is frequently employed. This sector has become its own due to the growing emphasis on energy efficiency and renewable sources. It has been assumed that renewable energy having a maximum number of installations would constitute more share of the power module.

Market Restraint

• Limitations in Operations and High Costs

The expansion of this market is hampered by limitations, including breakdown caused by gate oxide, drain to source voltage, maximum drain current, and temperature. Due to its thinness, gate oxide has a shallow breakdown threshold. A high gate to source voltage further shortens the MOSFET's life and offers little to no benefit regarding RDS(on) reduction. The MOSFET also needs a specific amount of drain to source voltage and current; if these requirements are not met, a breakdown could quickly result.

Power MOSFETs also have a propensity to leak current, which has a negative impact on their ability to expand globally. As this element raises the price of the car, the high installation costs for power MOSFETs may limit the market expansion. The vehicle's serviceability is challenging and demands expert employees due to its many technological components. Systems with complex architectures have shorter shelf lives. As a result, it is anticipated that the variables mentioned above will significantly impact this market growth.

Market Opportunities

• Technological Advancements in Power MOSFET

Electronics today include many features to boost sales and make consumers more comfortable. Technology advancements in electronic components, including computers, cellphones, wireless communication & cloud systems, and others, have increased consumer safety standards and opened up new business opportunities for improved electronics and devices. Power MOSFET has significant potential because of the rapid improvements in technology, increased efficiency, and small size of electronic components. Additionally, the nano controller is essential for managing the processes with the least amount of power loss. It is anticipated that integrating numerous electronic devices will give market players plenty of prospects.

Regional Analysis

Region-wise, the global power MOSFET market has been analyzed across North America, Asia-Pacific, Europe, and LAMEA.

Asia-Pacific Accounts for Maximum Share

Asia-Pacific is the highest revenue contributor and is estimated to grow at a CAGR of 8.8% during the forecast period. Asia-Pacific is also the fastest-growing region. Power MOSFET devices are essential for ensuring adequate working conditions, and businesses across all industries realize this. Power modules and automated switching devices are in high demand, which is anticipated to propel market expansion.

North America is the second-largest region and is projected to reach USD 2,065 million by 2030, growing at a CAGR of 3.3%. Due to significant industry competitors and access to cutting-edge technology, North America is anticipated to have a commanding position in the power MOSFET market. Major regional companies are providing advanced solutions, which are expected to drive market growth.

Vendors of power MOSFET technology in Europe have a lot of growth prospects due to the adoption of sophisticated electronic vehicles, advanced virtual systems, and an increase in the number of digital electronic devices. Due to the development of the consumer electronics industry, the adoption of cutting-edge technologies like advanced driver assistance in automobiles, and the demand for low-power consumption devices in the region, which in turn drives the market growth, the region is anticipated to experience a high growth rate for the advanced packaging market.

Segmental Analysis

The global power MOSFET market share is segmented by type, power rate, application, and region. 

Based on Type

The global power MOSFET market is bifurcated into Depletion Mode Power MOSFET and Enhancement Mode Power MOSFET.

The Enhancement Mode Power MOSFET is the highest contributor to the market and is estimated to grow at a CAGR of 6.2% during the forecast period. Due to its unparalleled durability and efficiency, enhancement mode power MOSFET is becoming more and more popular on a global scale. Many industries use enhancement mode power MOSFETs to power high voltage devices, including welders, rolling mills, and water pumps. To decrease current leakage and increase efficiency, trolleys in European nations use technology based on enhancement mode power MOSFETs. The enhancement mode power MOSFET is more prevalent in the current business environment since it is less expensive and easier to manage at high voltage, leading to market expansion.

The Depletion Mode Power MOSFET segment is the fastest growing. Depletion mode power MOSFET plays a crucial role in automotive applications and consumer electronics, owing to the lower conduction loss and switching loss. They are used in inverters and power conversion circuits for diverse applications such as motor drivers, uninterruptible power supply (UPS) systems, induction-heating (IH) cookers, plasma display panels (PDPs), and strobe flashes. Moreover, companies like Infineon and Toshiba Corporation are investing heavily in power MOSFETs to improve efficiency.

Based on power rate, the global power MOSFET market is divided into High Power, Medium Power, and Low Power.

The Low Power segment is the highest contributor to the market and is estimated to grow at a CAGR of 4.4% during the forecast period. Low power MOSFETs are used in applications such as relays, LED drives, and motors for driving constant voltage and increasing the durability of the applications. Toshiba Corporation launched a low-input current driver with rail-to-rail output photo couplers that allow a less direct drive of low to medium power MOSFETs. Companies such as IXYS Corporation and Renesas Electronics Corp invest in power modules to provide effective transmission.

The Medium Power segment is the fastest growing. Medium power MOSFETs are widely used for motor drivers ranging from 2 kW to 15 kW. They play a crucial role in electric vehicles' power transmission from the battery systems to the motors. For instance, Toyota Motor Corporation, Honda Motor Co., Ltd., Tesla Motors, and BYD Company use medium power MOSFETs to enhance power conversion with minimum power loss. Different companies such as Infineon Technologies and Toshiba Corporation are investing in power MOSFETs to provide power management.

The High Power MOSFETs are presently used in industrial applications to prevent power loss. Infineon Technologies AG and Fuji Electric Systems Co. are two prominent players operating in the global power MOSFET market and offering innovative technology products. It provides high-power MOSFETs in different topologies with current ratings from 250A to 1200A. Moreover, high-power MOSFETs mainly target industrial drives, traction, renewable energy, and power transmission applications.

Based on Application

The global power MOSFET market is classified into Energy & Power, Consumer Electronics, Automotive, Inverter & UPS, Industrial, and Others.

The Automotive segment is the highest contributor to the market and is estimated to grow at a CAGR of 8.4% during the forecast period. Automotive MOSFETs are used in applications such as LED drives and motors for driving constant voltage and increasing the durability of the applications.

The Industrial segment is the fastest growing. MOSFET is the perfect solution for the industrial system as they deal with high voltage and current while performing their operation. System-specific limits and applications define the switching frequency in industrial and power electronic systems. For instance, in motor drives, the switching frequency is determined by the required output frequency to the AC motor, performance of the entire system, thermal management, and EMC requirements.

Recent Developments

• June 2022 - Infineon Technologies AG introduced its battery-powered Smart Alarm System (SAS). The technology platform achieves high accuracy and very low-power operation using sensor fusion based on artificial intelligence/machine learning (AI/ML). This technology, combined with low-power wake-on acoustic event detection, provides remarkable performance. The compact design exceeds the detection accuracy of acoustic-only alarm systems used today in smart buildings, homes, and other IoT applications while achieving equal or greater battery life compared to less sophisticated solutions.
• June 2022 - Three-phase brushless DC (BLDC) motors are increasingly used to create contemporary battery-powered motor goods due to their many benefits. However, lowering their size and weight while maintaining a long battery life poses significant design difficulties. The completely programmable motor controllers MOTIXTM IMD700A and IMD701A from Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) are now available to assist designers in achieving end-market objectives.
• June 2022 - The AIROCTM CYW20820 Bluetooth® & Bluetooth® LE (low energy) system on chip (SoC) was added to Infineon Technologies AG's AIROC Bluetooth Portfolio. A device specifically designed for Internet of Things applications, the AIROC CYW20820 Bluetooth & Bluetooth LE SoC complies with the Bluetooth 5.2 core spec. It is made to work with various IoT applications requiring Bluetooth LE or dual-mode Bluetooth connectivity, including medical, home, security, and industrial sensors, lighting, and Bluetooth Mesh.