Power MOSFET market booming, projected to reach $48.4 billion by 2032, driven by electrification

From GlobeNewswire: 2025-07-01 09:30:00

The Power MOSFET Market is booming, with a value of USD 27.53 billion in 2024 and projected to reach USD 48.40 billion by 2032, growing at a CAGR of 7.34%. The surge in electrification and efficiency needs is fueling market growth, driven by demand for high-performance, energy-efficient electronics in automotive, consumer electronics, and industrial sectors.

Enhancement mode power MOSFETs dominated the market in 2024, accounting for 78.4% share. They are expected to maintain dominance with the highest CAGR through 2025-2032 due to excellent dynamic performance, lower resistance, and thermal stability. The high-power segment held 40.8% market share in 2024, driven by demand for energy-efficient devices in EVs and renewables.

The automotive sector led the Power MOSFET market in 2024 with a 27.2% share, driven by the increasing usage of EVs and HEVs. Consumer electronics are expected to witness the fastest growth through 2025-2032. Regionally, Asia Pacific led the market in 2024 and is expected to record the fastest CAGR, driven by industrialization and technology uptake across China, Japan, and South Korea.

Recent developments include Infineon Technologies’ OptiMOS 6 80V MOSFET for AI server platforms and STMicroelectronics launching 4th-Gen SiC MOSFETs for EV inverters. The market is expected to see continued growth driven by electrification, industrial expansion, and technological advancements in various regions.



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