The global power MOSFET market size was US$ 8.6 billion in 2021. The global power MOSFET market size is forecast to reach US$ 13.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030.
Metal Oxide Semiconductor Field Effect Transistor (MOSFET) is a power semiconductor that's utilized as an electronic switch to control loads as needed. It not only replaces bipolar junction transistors (BJTs) at a low cost, but it also enables power management to improve energy saving in a variety of industrial systems, consumer electronics, and electric cars. It currently helps to improve switching speed, avoid power loss, and amplify electronic signals in electric devices in renewable resources and electric vehicles.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market growth. The government worldwide imposed a lockdown in order to prevent the spread of the virus. Thus, trade barriers severely affected the industry's production process. In order to minimize the spread of COVID-19 among persons, electronic manufacturing hubs had to shut down. These factors have a significant impact on the supply chain of the semiconductor industry, leading to a shortage of raw materials and components, and a shortage of finished goods. In the power MOSFET sector, a lack of business continuity has resulted in severe negative consequences on shareholder returns and revenue, which caused severe financial disruptions in the global industry.
Regional Insights
The Asia Pacific region is forecast to garner the highest CAGR in the power MOSFET market during the forecast period. As a result of the rising technological advancements and growing automotive standards in countries like India, China, and Indonesia. In addition, the adoption of high-end enhanced technologies, a surge in demand for smart electronics, and increasing manufacturing industries. Additionally, different supportive non-profit organizations advancing packaging technologies boost market growth. These organizations take diverse initiatives to construct power infrastructure with developed technologies, driving the regional market growth.
Leading Competitors
The leading prominent companies profiled in the global power MOSFET market are:
Scope of the Report
The global power MOSFET market segmentation focuses on Type, Power Rate, Application, and Region.
Segmentation based on Type
Segmentation based on Power Rate
Segmentation based on Application
Segmentation based on Region