Power MOSFET Market Size, Share & Trends Analysis Report By Type (Depletion Mode Power MOSFET, Enhancement Mode Power MOSFET), By Power Rate (High Power, Medium Power, Low Power), By Technology (SiC, GaN, Si), Channel Type (N-Channel, P-Channel), By Application (EV and EHV Components, Computing and Data Storage Devices, Power Devices and Components, Display Devices, Lighting Products, Telecom Equipment, Other Industrial) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Market Overview

The global power MOSFET market size was worth USD 7.4 billion in 2023. It is projected to reach USD 13.2 billion by 2032, growing at a CAGR of 6.6% during the forecast period (2024–2032). 

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 power MOSFET market is bifurcated into Depletion mode power MOSFET and Enhancement mode power MOSFET.

In the power MOSFET market, Enhancement mode power MOSFETs dominate the segment. These MOSFETs are preferred due to their normally-off characteristic, which ensures safety and energy efficiency in various applications. Enhancement mode MOSFETs are widely used in power management, automotive electronics, and consumer devices for their superior switching performance and lower conduction losses. Their extensive integration into modern electronic systems establishes their dominance, as they offer reliable and efficient operation, meeting the growing demand for high-performance power solutions.

Based on power rating, the power MOSFET market is bifurcated into low, medium, and high.

In the power MOSFET market, medium-power MOSFETs dominate the segment. They balance performance and cost, making them ideal for a wide range of applications, including consumer electronics, automotive, and industrial equipment. Medium power MOSFETs offer efficient power management and reliable performance, catering to the broad demand for intermediate power requirements. Their versatility and widespread use in popular devices and systems establish them firmly in the market, driving their dominant position.

Based on technology, the power MOSFET market is bifurcated into SiC, GaN, and Si.

In the power MOSFET market, Silicon (Si) MOSFETs dominate the segment. Si MOSFETs are widely adopted due to their cost-effectiveness, mature technology, and extensive application in various industries. Their established manufacturing processes, broad availability, and proven performance make them the preferred choice for power management solutions. Despite emerging technologies like SiC and GaN, Si MOSFETs maintain a strong market presence due to their reliability and integration into existing systems.

Based on the channel, the power MOSFET market is bifurcated into N-Channel and P-Channel.

In the power MOSFET market, N-Channel MOSFETs dominate the segment. They are preferred due to their higher electron mobility, which enables better efficiency and faster switching speeds compared to P-Channel MOSFETs. N-channel MOSFETs are widely used in power management applications, including power supplies, motor controllers, and converters. Their superior performance, lower on-resistance, and cost-effectiveness establish them as the dominant choice in the market, driving their widespread adoption across various industries.

Based on application, the power MOSFET market is bifurcated into EV and EHV Components, Computing and Data Storage Devices, Power Devices and Components, Display Devices, Lighting Products, Telecom Equipment, and Other Industrial.

In the power MOSFET market, EV and EHV components dominate the segment. The rapid growth of the electric vehicle industry, driven by increasing environmental regulations and consumer demand for sustainable transportation, fuels this dominance. Power MOSFETs are crucial in EV powertrains for efficient energy conversion and management. Their critical role in enhancing battery performance, extending range, and improving overall vehicle efficiency establishes their strong presence in this market segment, driving significant adoption and market share.

Impact of covid-19

Covid-19 had some profound adverse impacts on the global advanced ceramics market.

COVID-19 spread across the world from China, making the whole world stand still and to a complete lockdown situation. Covid-19 is an infectious disease that was caused by a newly discovered coronavirus. During the time, the fatality rate among the population above 40 was also high globally. The disease causes severe illness for people suffering from medical conditions like diabetes, cardiovascular disease, chronic respiratory disease, etc.

Considering the situation during that time, it was declared a pandemic which led to numerous countries, including the major economies like China, the United States, India, and others, implementing lockdowns which adversely affected the global economy.

In the first two quarters of 2020, the economic and industrial operations temporarily halted. Almost every manufacturing unit where advanced ceramics is used, such as electrical and electronics, transportation, industrial, chemical, and other End-user Industries (except medical), reduced their manufacturing capacities due to the lack of workers. The lockdown implemented put a halt to global supply chains. This resulted in repercussions in terms of both production and demand for advanced ceramics.

Market Recovery Timeline and Challenges

With time the lockdowns were uplifted, and relaxation was made to the public. Gradually, the economy picked up the pace and started its operations, bringing the demand in the global advanced ceramics market and increasing among various industries. As the situation improved during the initial months of 2021, the economies also strengthened their fiscal policies and initiated their development process; the end-user industries began their activities, bringing the overall ceramics market back on track.

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.