According to a recent report by QYR, the global SGT MOSFET market is set to experience strong growth in the coming years. The report predicts that the market will reach USD 2,347.38 million in 2022, with a compound annual growth rate (CAGR) of 24.43% between 2023 and 2029. By 2029, the market is expected to reach USD 9,620.00 million, with a projected CAGR of 23.77% between 2023 and 2029.
The report also highlights that China is expected to lead the way in terms of market growth. The Chinese market has grown rapidly over the past few years, and it is projected to account for approximately 41.37% of the global market in 2022, reaching 48.00% in 2029, with a projected market size of USD 4,990.36 million.
In terms of consumer consumption, the China region is currently the world’s largest consumer market, with a market share of 41.37% in 2022. Europe follows at 20.92%, and North America at 18.65%. Going forward, the China region is expected to grow the fastest, with a CAGR of approximately 27.30% between 2023 and 2029.
When it comes to production, China and North America are the major producing regions, with market shares of 36.57% and 23.20% respectively in 2022. The China region is projected to maintain the fastest growth rate in the coming years, with a projected share of 47.58% in 2029.
In terms of product type, ≤100V is expected to occupy a significant position and is projected to reach 54.26% share in 2029. By application, consumer electronics is expected to capture about 44.54% share in 2022 and grow at a CAGR of about 23.56% over the next few years.
Globally, core manufacturers of SGT MOSFET include Infineon, ON Semiconductor, New Clean Energy, Jiezie Microelectronics, China Resources Micro, among others. In 2022, Infineon and ON Semiconductor, the tier one takes about 64.30% of the market share, while the second tier makers are AOS and New Clean Energy, with a combined market share of 25.91%.
In conclusion, the global SGT MOSFET market is set for strong growth in the coming years, with China leading the way in terms of market growth and consumer consumption. With a significant presence in the consumer electronics market, the SGT MOSFET industry is expected to expand rapidly over the next few years.