Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market to Reach $10.99 Billion by 2029 at 6.7% CAGR
With a focus on usability, this report equips professionals with the latest industry insights to stay ahead in the competitive power mosfet (metal-oxide-semiconductor field-effect transistor) market.
What Is The Projected Market Size & Growth Rate Of The Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market?
The power mosfet (metal-oxide-semiconductor field-effect transistor) market size has grown steadily in recent years. It will grow from $8.08 billion in 2024 to $8.48 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to the proliferation of electronics in consumer devices, growth in power electronics applications, increasing demand for energy-efficient devices, expansion of the automotive industry, and evolving telecommunications infrastructure.
The power mosfet (metal-oxide-semiconductor field-effect transistor) market size is expected to see strong growth in the next few years. It will grow to $10.99 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to the adoption of electric vehicles and renewable energy, expansion of 5g networks and IoT devices, increasing demand for power management in data centers, growth in industrial automation, and advances in power MOSFET design. Major trends in the forecast period include miniaturization of power MOSFETs, integration of advanced packaging technologies, development of wide-bandgap power MOSFETs, increasing use of gallium nitride (GaN) and silicon carbide (SiC), and adoption of advanced gate driver technologies.
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What Is The Crucial Factor Driving The Global Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market?
The growing adoption of electric vehicles is expected to propel the growth of the power MOSFET market going forward. An electrical vehicle is a type of vehicle that uses electrical energy stored in batteries or other energy storage devices to power one or more electric motors. In an electric vehicle’s inverter system, Power MOSFETs are widely utilized to power the electric motor and transform the DC power from the battery into AC power. For instance, in April 2024, according to the International Energy Agency, a France-based autonomous intergovernmental organization, new electric car registrations totaled 1.4 million in 2023, increasing by more than 40% compared to 2022. Therefore, the growing adoption of electric vehicles is driving the growth of the power MOSFET market.
Segment Covered In The Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market Report
The power mosfet (metal-oxide-semiconductor field-effect transistor) market covered in this report is segmented —
1) By Type: Depletion Mode Power MOSFET, Enhancement Mode Power MOSFET
2) By Power Rate: High Power, Medium Power, Low Power
3) By Application: Energy And Power, Consumer Electronics, Automotive, Inverter And UPS, Industrial, Other Applications
Subsegments:
1) By Depletion Mode Power MOSFET: N-Channel Depletion Mode MOSFET, P-Channel Depletion Mode MOSFET
2) By Enhancement Mode Power MOSFET: N-Channel Enhancement Mode MOSFET, P-Channel Enhancement Mode MOSFET
Key Trends Driving Growth In The Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market
Major companies operating in the power MOSFET market are focusing on technological advancements for high-power applications such as gallium nitride (GaN) technology to enhance power efficiency, switching speed, and thermal performance. Gallium nitride (GaN) technology in power MOSFETs enhances efficiency and performance by enabling faster switching speeds, reduced energy losses, and improved thermal management. For instance, in January 2024, Transphorm, Inc., a US-based semiconductor company focused on producing transistors made from gallium nitride, launched two new 650V SuperGaN FETs, the TP65H035G4YS and TP65H050G4YS, in a 4-lead TO-247 package designed for high-power server, renewable, and industrial power conversion applications. These GaN devices offer improved resistance and versatile switching capabilities, enabling reduced energy losses and enhancing performance in power supplies of 1 kW and above.
Key Player In The Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market
Major companies operating in the power MOSFET (metal-oxide-semiconductor field-effect transistor) market include Panasonic Corporation, Mitsubishi Electric Corporation, Sumitomo Electric Industries Ltd., Toshiba Corporation, Texas Instruments Incorporated, STMicroelectronics NV, TDK Corporation, Infineon Technologies AG, NXP Semiconductors Inc., Analog Devices Inc., Semikron Danfoss, Renesas Electronics Corporation, ON Semiconductor Corporation, Fuji Electric Co. Ltd, Microchip Technology Inc., Digi-Key Corp., Vishay Intertechnology Inc., ROHM Semiconductor, Littelfuse Inc., Nexperia, Diodes Incorporated, Silicon Laboratories Inc., Alpha and Omega Semiconductor Ltd., Power Integration Inc., IXYS Corporation, Central Semiconductor Corp., Rongtech Industry (Shanghai) Inc., Fairchild Semiconductor International Inc.
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Global Power MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) Market — Regional Insights:
Asia-Pacific was the largest region in the power MOSFET market in 2024. North America is expected to be the fastest-growing region in the power MOSFET market report forecast period. The regions covered in the power MOSFET (metal-oxide-semiconductor field-effect transistor) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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