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). Dow Inc. and Wacker Chemie AG captured approximately 20% of global market share in 2020.

The demand for Power MOSFETs is surging with increasing uptake of electric vehicles worldwide to reduce emissions. Major automakers are launching new EV models and expanding production capacities to meet government norms on carbon emissions. This is positively impacting the growth of the Power MOSFET industry.

Geographic expansion into emerging nations of Asia Pacific and Latin America through partnerships, acquisitions, and new manufacturing plants will help the leading Power MOSFET Market Size  companies to capture untapped growth opportunities. China and India currently represent over 40% of global EV sales and this share is projected to surpass 50% by 2030.

Market drivers

The rapidly growing renewable energy sector is one of the major drivers of the Power MOSFET market. Use of Power MOSFETs in solar photovoltaic panels, electricity transmission and distribution networks, and wind turbines allows for efficient conversion, transport and storage of electricity from renewable sources. With rising climate change concerns, global investments in solar and wind energy projects are increasing at an exponential rate which will augment demand for MOSFET switching components.

Geopolitical Impact on Power MOSFET Market Growth

The current geopolitical instability across many parts of the world is negatively impacting the growth of the power MOSFET market. The ongoing Russia-Ukraine war has disrupted global supply chains for certain raw materials needed to manufacture power MOSFETs. Both countries are major exporters of palladium, nickel and rare earth elements that are crucial inputs. Restrictions on Russian exports have led to shortages and price volatility of these commodities. This is adversely affecting production schedules of power MOSFET manufacturers. Similarly, lockdowns in China due to its zero-covid policy are causing delays in some shipment of semiconductor components. The market players need to diversify sourcing and establish alternative supply networks in different geographic regions to mitigate geopolitical risks in the coming years. They also need to focus on recycling strategies to improve material security over the long term.

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