Over the past few years, the global power MOSFET market has been experiencing significant growth. The demand for efficient and reliable power-switching solutions across industries is driving market growth. Power MOSFETs have emerged as an essential electronic component in a variety of applications, including automotive systems, consumer electronics, motor control, power supplies, and renewable energy systems. The metal-oxide-semiconductor field-effect transistor (MOSFET) market, which is referred to as the global power mosfet market, is made especially for high-power applications. These high-power mosfet devices are manufactured, sold, and used globally as part of the global power mosfet market.
According to a recent study by Allied Market Research, the global power mosfet market is expected to portray a considerable CAGR throughout the forecast timeframe.
Increasing Reliance on Machinery and Electrical Equipment Fuels the Power Mosfet Industry-
Modern machines are so compact, effective, and adaptable because they are designed to largely replace the manual worker that was once required for multiple tasks. It is expected that demand for electronic devices and machinery will keep up with or exceed market growth in the upcoming years. Power MOSFETs are used by most machinery to manage power. The MOSFET module is frequently used for voltage-switching operations, and there are almost 78,124 GW (gigawatts) of installed geothermal power worldwide. The increased reliance on electrical devices and machinery is one of the major factors influencing the power mosfet market, which directly gains profits for power MOSFET.
Global Power Mosfet Market Trends:
The Advancement of the Automotive Industry is a Recent Market Trend-
Global demand for electric vehicles is rising, and as a result, power MOSFET device use is expanding to provide drivers with higher levels of safety. The use of MOSFET transistors enhances drivers’ safety and connectivity advancements. In turn, this is envisioned to fuel power demand for MOSFET technology, which is further boost economic growth in the upcoming years.
The Emergence of Advanced Technology like IoT and AI is Another Innovation in the Market-
A new generation of semiconductor technologies is emerging because of IoT and AI. Manufacturers of semiconductor chips are focusing on the needs of both AI and IoT. Furthermore, 5G networks are being implemented more frequently in conjunction with the expansion of the demand for high-performance, swift computing systems. Power MOSFET technology is thus becoming increasingly necessary. Therefore, it is expected that this trend will accelerate market growth in the upcoming years.
Toshiba Introduces a 100V N-Channel Power MOSFET that Supports Power Supply Circuit Miniaturization-
Toshiba Electronic Devices & Storage Corporation (“Toshiba”), a top provider of advanced semiconductor and storage solutions with more than 50 years of experience and innovation, released “TPH3R10AQM,” (a 100V N-channel power MOSFET) made with Toshiba’s most recent generation of U-MOS X-H fabrication technology, on June 29, 2023. The product is intended for use in applications like hot-swaps circuits and switching circuits on the electric conductor of commercial machinery used in communications towers and data centers. Furthermore, Toshiba will continue inventing power MOSFETs for its lineup because they can decrease equipment power consumption and improve power supply efficiency by reducing loss.
Therefore, the demand for energy-efficient products across multiple sectors is fueling a significant growth trajectory for the global power mosfet market. Power MOSFETs play a crucial role in enabling efficient power conversion, enhancing system performance, and promoting the industry as the world becomes more dependent on high-power applications. The future of high-power electronics will continue to be shaped by the power mosfet market because of ongoing technological developments and a focus on reliability.
