PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1561898
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1561898
Global Low-Voltage MOSFET Market to Reach US$7.4 Billion by 2030
The global market for Low-Voltage MOSFET estimated at US$5.7 Billion in the year 2023, is expected to reach US$7.4 Billion by 2030, growing at a CAGR of 4.0% over the analysis period 2023-2030. 41-150 V MOSFET, one of the segments analyzed in the report, is expected to record a 4.2% CAGR and reach US$4.4 Billion by the end of the analysis period. Growth in the 0-40 V MOSFET segment is estimated at 3.6% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.5 Billion While China is Forecast to Grow at 6.6% CAGR
The Low-Voltage MOSFET market in the U.S. is estimated at US$1.5 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 6.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.4% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.
Global Low-Voltage MOSFET Market - Key Trends & Drivers Summarized
What is Accelerating the Demand for Low-Voltage MOSFETs?
The low-voltage MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) market is experiencing significant growth due to its crucial role in modern electronic devices that require efficient power management. Low-voltage MOSFETs are essential in applications ranging from smartphones and laptops to industrial machinery and automotive systems. With advancements in technology, these components offer improved switching speeds and reduced power losses, which enhances the overall efficiency and performance of electronic devices. As industries shift towards more compact and power-efficient solutions, the demand for low-voltage MOSFETs continues to rise, driven by the need for optimized energy consumption in increasingly miniaturized electronic circuits.
Why is the Automotive Industry a Key Driver?
A significant factor driving the low-voltage MOSFET market is the automotive sector, particularly with the growing adoption of electric vehicles (EVs) and advanced driver-assistance systems (ADAS). These vehicles require efficient power management solutions to ensure optimal performance of their numerous electronic components, such as battery management systems, inverters, and electric motors. Low-voltage MOSFETs are integral to these systems due to their ability to handle high switching frequencies and minimize power loss, which is crucial for extending battery life and enhancing vehicle efficiency. As the automotive industry increasingly moves toward electrification, the demand for low-voltage MOSFETs is set to expand further.
How Are Emerging Technologies Influencing the Market?
The rise of technologies such as the Internet of Things (IoT), 5G, and renewable energy solutions is also contributing to the growth of the low-voltage MOSFET market. IoT devices, which often operate on battery power, require components that offer both high efficiency and minimal energy consumption. Similarly, 5G networks, with their increased data transmission speeds and connectivity requirements, necessitate the use of low-voltage MOSFETs in base stations and network equipment. Additionally, the transition to renewable energy sources, such as solar and wind power, requires efficient power conversion and management solutions where low-voltage MOSFETs are indispensable.
What Factors Are Driving Growth in the Low-Voltage MOSFET Market?
The growth in the low-voltage MOSFET market is driven by several factors, including technological advancements, expanding end-use applications, and changing consumer preferences. Innovations in semiconductor technology have led to the development of low-voltage MOSFETs with improved efficiency, durability, and size, catering to the miniaturization trend in electronics. The growing adoption of electric vehicles, renewable energy sources, and connected devices is fueling demand, while increasing awareness of energy efficiency and environmental sustainability among consumers further boosts the market. Additionally, government regulations promoting energy-efficient solutions and the increasing investments in smart grid infrastructure are propelling the growth of the low-voltage MOSFET market.
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