The global power MOSFET market is expected to witness a highly promising growth in the coming years of the forecast period. MOSFET is a type of power semiconductor. It is used primarily as an electronic switch. One of the key reasons behind the increasing popularity of MOSFETs is that they are a highly cost effective solution for replacing bipolar junction transistor (BJT). MOSFET is more compatible with circuits with high current as well as voltage as compared to BJTs. It helps in enabling power management in order to improve the overall conservation of energy in several applications such as electric vehicle, consumer electronic, and industrial systems among others. Currently, MOSFETs are used as in electric vehicles and renewable resources so as to optimize their switching speeds and avoid loss of power.
Increasing demand for compact automation solutions, improved durability and efficiency have helped in increasing the rate of uptake of power MOSFET market. Energy & power, consumer electronics, and other prominent applications are some of the key application segments with higher adoption rate of power MOSFETs. Thus, the global market for power MOSFETs is experiencing a decent growth in the coming years of the forecast period. The market is expected to witness increased adoption because of the its improved durability and compact size.
However, there are some factors that might impede the growth of the global power MOSFET market in the coming years of the forecast period and stop it from reaching its full potentials. One of the key impeding factors for the market growth has been the high cost of implementation. In addition to this, incidences of current leakage are also expected to hamper the development of the market in the coming years of the forecast period. On the other hand, integration of the human machine interface and power MOSFET is expected to present highly lucrative business opportunities in the near future.
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With growing sales of electronics, the demand for power semiconductor components continues to witness an upsurge. Key role of components consisting specific type of metal oxide semiconductor field effect transistors (MOSFETs) in the working of electronic devices continues to influence the future landscape of the global semiconductors industry. Considering the diversity in power consumption and functionalities of electronic devices, companies are designing power MOSFETs by catering to the wide range of power levels and device usability. Moreover, the demand for power MOSFET is being bolstered by their growing use in replacing insulated-gate bipolar transistors and thyristors. Manufacturers of electronic devices are actively adopting power MOSFET to increase the efficiency of operations involving high switching speeds. In addition, the key advantage of using power MOSFET in bolstering the power efficiency of devices at low voltages is further fuelling the expansion of the global power MOSFET market.
According to a newly published report by Transparency Market Research, the global market for power MOSFET is expected to grow robustly at a CAGR of 7.8% during the forecast period, 2017-2026. The report estimates that by the end of 2026, nearly US$ 12.6 Bn worth of power MOSFET will be sold in the global market. Leading power MOSFET manufacturers are expected to focus on lowering the complexities entailing the production of these intricate power semiconductor components. Over the forecast period, the entire production of power MOSFET in the global market will remain concentered in the Asia-Pacific excluding Japan (APEJ) region. Favorable industrial regulations in countries such China, India and South Korea, coupled with increasing production of electronic devices in this region is expected to drive the production of power MOSFET. By the end of forecast period, more than US$ 7 Bn worth of power MOSFETs will be sold in the APEJ market.
Demand for P-Channel Power MOSFETs to Gain Traction
The report estimates that in 2017, nearly US$ 4 Bn worth of P-channel power MOSFET have been sold in the global market. Over the forecast period, the sales of P-channel power MOSFETs will gain fastest traction, register a CAGR of 8.2%. The report further reveals that power MOSFETs for medium power rating will register highest sales in 2017 and beyond. By the end of 2026, sales of power MOSFETs with medium power rating will account for nearly 40% of the overall sales in the global power MOSFET market.
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SiC Technology to Dominate, while EV & EHV Components to Represent Leading Application
The report has projected that the demand for power MOSFET will be highest in production of EV and EHV components. Through 2026, global sales of power MOSFETs in EV and EHV component applications is estimated to reach US$ 3.7 Bn valuation. The report also reveals that telecom equipment will be the fastest growing application in the global power MOSFET market, registering 10.2% CAGR over the forecast period. With respect to technology, power MOSFETs developed on SiC technology are expected to account for largest revenue share in the global market through 2026. On the other hand, the demand for GaN-based power MOSFET will gain fastest traction over the forecast period.
Key Players
Leading manufacturers of power MOSFET have been profiled in the report. These include companies namely, Infineon, Renesas, Panasonic, Mitsubishi Electric, Toshiba, Hitachi, STMicrorlectronics, Bosch, Sumitomo Electric, and Raytheon. These companies are expected to remain active in the global power MOSFET market expansion for the forecast period.
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