Power MOSFET Market is anticipated to grow at a 9.3% CAGR from 2022 to 2032 and is anticipated to reach US$ 40.1 billion by that year. Power MOSFETs are one of the small and efficient elements that are increasingly in demand as human machine interaction devices proliferate throughout the world. The source and drain terminals of power MOSFETs are located on the opposing sides of the chip and have a vertical structure.
The vertical structure of the power MOSFET is used to eliminate crowding at the gate and it help in large channel width. Also, thousands of these transistor cells are put together on one to handle the high currents & voltage required.
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Power MOSFET Market: Drivers and Challenges
There are many factors driving the market for power MOSFET, from which one of the major factor is that with the requirement for compact automation solutions is increasing in the global market and power MOSFET serves the purpose.
This has been the major driver for the power MOSFET market as it not only serves one application with its compact feature but also serves application in the consumer electronics industry. The other driver for the power MOSFET market has been the advent of electric vehicles which has been a booming application for the growth of power MOSFET market and also its use in the renewable energy sources which are continuously replacing the traditional energy sources globally.
As far as the technological efficiency is concerned the power MOSFETs have high switching speed and good efficiency at low voltages which allows it to be used in many applications. This has also been a driving factor for power MOSFET market.
Some of the restraint for power MOSFET market have been related to the function of these in different application and the cost. There have been cases where the power MOSFET have come across the problems like current leakage which has led to its restricted adoption in critical applications. Also, the implementation cost of the power MOSFET has also led it to the slow growth of the market as it is on a higher side.
Power MOSFET Market: Key Players
Some of the key players of power MOSFET market are: NXP Semiconductors, Fairchild Semiconductors, Infineon Technologies AG, STMicroelectronics, Digi-key Electronics, Renesas Electronics Corporation, IXYS Corporation, Toshiba Corp., Power Integration Inc., Mitsubishi Electric Corp., Microchip Technology Inc., Vishay Siliconix, and Texas Instruments among others.
Power MOSFET Market: Regional Overview
On the basis of geography, power MOSFET market can be segmented into North America, Latin America, Western Europe, Eastern Europe, China, SEA and other APAC, Japan, and Middle East & Africa. Among various regions, Western Europe power MOSFET market is seen to be leading in terms of value with Germany and Italy power MOSFET being the most attractive market.
Also, the power MOSFET market in Japan and North America is expected to be growing at the fastest rates due to the presence of tier-1 manufacturers in the region and increase in the number of automobiles manufacturers where vehicles are enabled with power MOSFET.
Power MOSFET market in Western Europe and North America is expected to be followed by China and Japan power MOSFET market. Also, as most of the power MOSFET manufacturers have their reach in North America and Western Europe and take a technological shifts in Japan, the power MOSFET market is expected to gain traction in these regions throughout the forecast period.
The reason for the sustained traction in the regions is also due to the technological advancements in the regions and increasing number of applications for the power MOSFETs. Power MOSFET market in Western Europe and North America is expected to account for more than 30% of the total power MOSFET market.
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Regional analysis for Power MOSFET Market includes
• North America
• Latin America
• Western Europe
• Eastern Europe
• Middle East and Africa
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Key Segments Profiled in the Power MOSFET Industry Survey
• Depletion Mode Power MOSFET
• Enhancement Mode Power MOSFET
By Power Rate:
• High Power
• Medium Power
• Low Power
• Energy and Power
• Consumer Electronics
• Power Electronics