Power MOSFET Market to reach $11.64B by 2030
Market is growing at a CAGR of 6.6 percent, according to Straits Research report
The global power MOSFET market was worth $6,550 million in 2021 and projected to reach $11,645 million by 2030, growing at a CAGR of 6.6 percent during the forecast period (2022–2030).
North America is the second-largest region and is projected to reach $2,065 million by 2030, growing at a CAGR of 3.3 percent, according to Straits Research.
Asia-Pacific is the highest revenue contributor and is estimated to grow at a CAGR of 8.8 percent during the forecast period. Asia-Pacific is also the fastest-growing region.
Based on type, the global power MOSFET market is splitinto Depletion Mode Power MOSFET and Enhancement Mode Power MOSFET. The Enhancement Mode Power MOSFET is the highest contributor to the market and is estimated to grow at a CAGR of 6.2 percent during the forecast period.
Based on power rate, the global power MOSFET market is divided into High Power, Medium Power, and Low Power. The Low Power segment is the highest contributor to the market and is estimated to grow at a CAGR of 4.4 percent during the forecast period.
Based on application, the global power MOSFET market is classified into Energy & Power, Consumer Electronics, Automotive, Inverter & UPS, Industrial, and Others. The Automotive segment is the highest contributor to the market and is estimated to grow at a CAGR of 8.4 percent during the forecast period.
Region-wise, the global power MOSFET market has been analysed across North America, Asia-Pacific, Europe, and LAMEA. Asia-Pacific is the highest revenue contributor and is estimated to grow at a CAGR of 8.8 percent during the forecast period.
