The global Power MOSFET Market is estimated to be valued at US$ 8.06 Bn or Mn 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.

Market Overview: Power MOSFETs are semiconductor devices used as electronic switches in very high power switching applications. They offer advantages like high efficiency, fast switching, low ON-resistance and are widely used in applications like DC-DC converters, on-board chargers, solar inverters etc.

Market key trends: One of the key trends driving the growth of the Power MOSFET market is the rising demand for energy efficient power electronics in industries like automotive, consumer electronics and renewable energy. Power MOSFETs are increasingly being adopted in applications like onboard chargers, DC-DC converters and solar inverters owing to their high efficiency compared to other alternatives. Additionally, the miniaturization of devices is augmenting the demand for compact and highly integrable power management ICs which is further propelling the Power MOSFET market growth.
Market key trends:

One of the key trends in the power MOSFET market is the growing demand for devices with lower RDS (on) or on-resistance. Power MOSFETs with lower RDS(on) allow circuits and systems to operate more efficiently as less power is lost during switching. Many power MOSFET manufacturers are focusing on developing devices with lower RDS(on) through technological innovations like advanced wafer manufacturing processes and new materials. This is driving continuous improvements in power efficiency across various applications.

SWOT Analysis
Strengths: Global Power MOSFET Market offer high switching speeds and low on-resistance compared to other power semiconductor devices. They can efficiently drive high current loads and switching applications.
Weaknesses: Power MOSFETs require complex gate driver circuitry for switching compared to simpler BJT transistors. They are also more expensive than other alternatives.
Opportunities: Growing demand for smarter power management in automotive, industrial and consumer electronics offers scope for expanded use of power MOSFETs. Emerging technologies like EV/HEVs also present opportunities.
Threats: Stiff competition from other emerging power semiconductor technologies like SiC and GaN which offer even higher efficiencies. Price erosion and technological obsolescence are also threats.


Key Takeaways

The global power MOSFET market is expected to witness high growth, exhibiting CAGR of 6.7% over the forecast period 2023 to 2030, due to increasing use of MOSFETs across a variety of applications like consumer electronics, automotive, industrial and telecommunication sectors. The market size for power MOSFETs was valued at US$ 8.06 billion in 2023.

From a regional perspective, Asia Pacific dominated the global power MOSFET market in 2023 and is expected to continue its lead through 2030. This is attributed to presence of numerous power MOSFET manufacturers in countries like China, Japan and Taiwan along with growing electronics demand in the region.

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. Continuous R&D towards developing more efficient devices with lower RDS(on) is allowing these players to expand their product portfolios and market share.

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