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| Global Power MOSFET Market |
The global Power MOSFET Market is estimated to be valued at US$ 8.06 Bn 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 solid-state semiconductor devices that are used to control high-power
circuits such as electric vehicles, renewable energy systems, power
distribution systems, and other industrial applications. They are designed to
efficiently control high currents in systems where minimizing power loss is
essential. Power MOSFETs have advantages over conventional bipolar junction
transistors as they have faster switching speeds, lower gate drive power, and
simpler drive requirements. They provide reliable power control for
applications that require voltage fluctuations, high efficiency, and heat
management.
Market key trends:
One of the key trends in the power MOSFET market is the growing adoption of
gallium nitride semiconductors. Gallium nitride acts as an advanced alternative
to traditional silicon and offers benefits such as higher efficiency, faster
switching speeds, compact size, and high-power conversion capability. This
makes GaN power switches ideal for high-frequency applications in sectors like
EV, renewable energy, and industrial motors. The adoption of GaN power MOSFETs
is expected to continue gaining momentum as they provide advanced solutions for
next-generation power conversion needs.
Porter’s Analysis
Threat of new entrants: New entrants face high capital requirements for
manufacturing facilities and R&D. Brand loyalty and customer switching
costs also pose entry barriers.
Bargaining power of buyers: Buyers have significant bargaining power due to
availability of substitutes and undifferentiated products. They can force down
prices through tenders or switching between suppliers.
Bargaining power of suppliers: Suppliers of raw materials like silicon have
moderate power due to specialized production processes and longstanding buyer
relationships. Substitution is possible but involves high costs.
Threat of new substitutes: GaN and SiC power semiconductor technology pose a
moderate threat currently due to higher costs.
Competitive rivalry: Competition is high among major players due to frequent
new product launches and customizations for different applications.
Key Takeaways
The Global
Power MOSFET Market is expected to witness high growth, exhibiting a CAGR of 6.7% over the forecast period,
due to increasing application in consumer electronics, automotive, renewable
energy and industrial sectors.
Regionally, Asia Pacific dominated the market in 2023, accounting for around
50% share. Growing electronics manufacturing base in China, India, and other
Southeast Asian countries drives regional growth. North America and Europe are
other major markets for power MOSFETs.
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. Companies are investing significantly in developing new products with
higher efficiency and power ratings to gain market share.
Read More: https://www.trendingwebwire.com/the-power-mosfet-market-is-estimated-to-witness-high-growth/