MOSFET and IGBT Gate Driver Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2023 – 2032

MOSFET and IGBT Gate Driver Market size is projected to experience a healthy growth during 2023 to 2032, as a result of the increasing rate of power cuts and the robust demand for UPS systems. Considering the high-current and high-voltage characteristics, MOSFETs and IGBTs are utilized as switching devices in UPS and other power electronics applications.
 

The surging weather-related outage is therefore expected to promote the usage of MOSFET and IGBT gate driver circuits for use in power supplies. For instance, in April 2022, power cuts doubled in the U.S. over the past two decades, as severe weather has stirred more destructive storms that crippled the aging electrical grid, strengthening the MOSFET and IGBT gate driver market outlook.
 

MOSFET and IGBT refer to semiconductor devices used in electronic circuits for the amplification and switching of signals. MOSFET is the underlying technology for digital logic, discrete transistors, thin-film transistor LCDs, and integrated circuits. IGBTs, on the other hand, are used in large- and middle-capacity models, contributing to space-saving and high efficiency. These two transistors are widely adopted in power and modern electronic circuits.
 

The acceleration of air conditioner sales during COVID-19 lockdowns will foster the MOSFET and IGBT gate driver market trends. In February 2022, Panasonic announced plans to invest USD 867 million in the air conditioning business in five years. The installation of IGBT gate drivers as a switching device in inverters for AC applications will therefore rise. The increasing reliance on renewable energy sources to reduce carbon footprints will also proliferate the adoption of IGBT and MOSFET gate drivers for PV inverter applications.
 

IGBT gate driver will emerge as a lucrative product segment in the MOSFET and IGBT gate driver market by 2032, on account of the strong vehicle demand. As per the European Automobile Manufacturers Association, in October 2022, new car registration rose by 14% to reach 910,753 vehicles in the EFTA, UK, and EU markets. The vehicle sales will fuel the need for a gate driver circuit for IGBT for inverters to control automotive main motors and improve their efficiency. Its application scope as a switching device in inverter circuits to drive large to small motors will also boost the market.
 

Based on the application, the electric vehicles segment is set to account for a considerable share of the MOSFET and IGBT gate driver market, considering the high preference for sustainable transport. As per a report from the IEA, in 2022, record clean energy and EV deployment have contributed to a significant reduction in carbon dioxide emissions. With the growing global efforts to reach a net-zero target, the consumption of MOSFET and IGBT-based EV traction systems will increase globally.
 

Europe MOSFET and IGBT gate driver industry size will amass considerable profits between 2023 and 2032, due to the rise in PC game downloads. According to data from the German Games Industry Association, in 2021, 6 in 10 console and PC games were purchased as downloads in the country. These factors will amplify the production of gate drivers for transistors in modern CPUs. In addition, the mounting sales of smartphones and other electronic devices will assert a positive influence on the market dynamics over the foreseeable future.
 

The competitive landscape of the MOSFET and IGBT gate driver market comprises companies such as ROHM Semiconductor, Powerex (BC Hydro), Renesas Electronics Corporation, Toshiba, Analog Devices, Semtech Corporation, Broadcom, Vishay Intertechnology, Power Integrations Inc., Microchip, NXP Semiconductors, Infineon Technologies, STMicroelectronics, ON Semiconductor, and Texas Instruments, among others. Product range and business expansions are some of the strategies undertaken by these companies to reinforce their presence in the market.
 

Automobile prices have skyrocketed, while chip shortage has become a security concern. Based on the U.S. Bureau of Labor Statistics, between December 2020 and December 2021, new vehicle prices jumped by 11.8%. These challenges may create a hindrance to the development of power supplies and consequently impact market trends over the estimated timeline.
 

This MOSFET and IGBT gate driver market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million market from 2018 to 2032 for the following segments:

Market, By Product

• MOSFET Gate Driver
• IGBT Gate Driver

Market, By Application

• Industrial Motor Drives
• Consumer Electronics
• Solar-Powered Devices
• Power Supplies
• Electric Vehicles

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada 
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)
  • Saudi Arabia
  • UAE

What Information does this report contain?