Power MOSFET Market is Anticipated to Witness High Growth Owing to Growing Deployment in Automotive Industry

 

Power MOSFET Market 

Power MOSFETs are semiconductor devices that provide the conduction path for currents in the power supply. They are used in various power management applications as they are more efficient and consume less power than bipolar junction transistors. The major applications of power MOSFETs include automotive drivetrains, motor control, DC-DC converters, audio power amplifiers, and industrial equipment. The growing demand for energy-efficient vehicles has drove the automotive industry to focus on developing fuel-efficient components. This has boosted the adoption of power MOSFETs in automotive drivetrains for better motor control and efficient power delivery.

The Global Power MOSFET Market is estimated to be valued at US$ 9.29 Bn in 2024 and is expected to exhibit a CAGR of 7.4% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Power MOSFET market are Dow Inc. (US), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (US), Shin-Etsu Chemical Co., Ltd (Japan), China National Bluestar (Group) Co., (China), Reiss Manufacturing Inc. (US), and CHT Germany GmbH (Germany). These players are focusing on new product launches and partnerships to gain a competitive edge in the market.

There is a rise in demand for energy-efficient technology driven by stringent environmental regulations. Power MOSFET Market Demand help improve energy efficiency in applications such as computers, smartphones, industrial motor control, and consumer electronics. Growth in adoption of electric vehicles is also opening up opportunities for power semiconductor devices.

Power MOSFET manufacturers are expanding their global footprint to leverage growth opportunities in emerging markets. For instance, Japanese companies are targeting the automotive industry in Southeast Asia and China. European players are partnering with local distributors for market access in Latin America and Middle East & Africa. Growing automotive and industrial manufacturing sectors in developing nations will drive the global expansion of power MOSFET market over the forecast period.

Market drivers

Growing electrification of vehicles is a major market driver. Power MOSFETs are critical components in electric power steering, motor control, battery management, and DC-DC power conversion systems in hybrid and electric vehicles. Stringent fuel economy and emission regulations are propelling OEMs to develop more fuel-efficient vehicles with innovative electric drivetrains.

Rising penetration of consumer electronics is augmenting the power MOSFET market. They are vital for managing power in various electronic devices such as smartphones, laptops, tablets and LED lighting. Continuous innovation and rapid adoption of new technologies have resulted in proliferation of smart connected devices driving the demand for power management semiconductors.

Market restrain

Changing raw material prices pose a major challenge for power MOSFET manufacturers. Silicon wafers, gold and packaging materials are some of the key raw materials whose prices fluctuatefrequently. Since power MOSFETs have low-profit margins, volatility in input costs affects the bottom lines of companies. Fluctuations in foreign currency exchange rates can also impact the pricing and competitiveness of components in the global marketplace.

Segment Analysis

The power MOSFET market is divided into multiple segments based on product type, application and regions. Based on product type, the high voltage segment is dominating the market owing to increasing adoption in automotive applications. High voltage power MOSFETs offer higher voltage blocking capability essential for applications requiring higher power handling. These devices are suitable for applications including battery management, motor control systems and DC/DC conversion witnessing growth in automotive sector.

In terms of application, the automotive segment accounts for the largest share in the power MOSFET market. Growing demand for electric vehicles and increasing electrification of automotive systems are boosting the adoption of power MOSFETs. These devices allow enhancing efficiency of systems in automobiles by managing power flow. Their ruggedness and reliability make them suitable for critical functions including battery monitoring and traction motors.

Regional Analysis

The Asia Pacific region accounted for the largest share of the global power MOSFET market in 2024 owing to presence of major automotive hubs and expanding electronic manufacturing sector in the region. China, Japan, South Korea and India have emerged as major markets propelling regional growth. In addition, favorable government policies supporting adoption of EVs and initiatives to develop domestic manufacturing capacities are contributing to the market expansion. Europe is another prominent regional market driven by stringent emission regulations favoring electric mobility. Meanwhile, North America is projected to witness the fastest growth during the forecast period due to rising research on advanced driver-assistance systems and autonomous vehicles.

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)