ASEAN Metal–Oxide Semiconductor Field Effect Transistor Market to Grow at 7.6% CAGR till 2027; Excellent Progress of the Automotive Sector in ASEAN Countries to Propel the Market

The ASEAN Metal–Oxide Semiconductor Field Effect Transistor (MOSFET) market size is projected to reach USD 377.6 million by 2027 owing to the escalating demand for data processing and networking technologies in the region, observes Fortune Business Insights™ in its report, titled “Metal–Oxide Semiconductor Field Effect Transistor (MOSFET) Market Size, Share & Covid-19 Impact Analysis, By Type (Depletion Mode, and Enhancement Mode), By Power Rate (High Power, Medium Power, and Low Power), By Application (Networking & Communications, Data Processing, Energy & Power, Consumer Electronics, Automotive, and Others) and Regional Forecast, 2020-2027”. The report states that the global market value stood at USD 235.2 million in 2019 and the market is expected to register a CAGR of 7.6% from 2020 to 2027.

The outbreak of the COVID-19 pandemic has hampered the ASEAN MOSFET market growth as governments in ASEAN countries announced temporary lockdowns in March-April 2020 to curtail the spread of the contagion. As a result, trade activities and supply chains in the electronics industry got massively disrupted, with several electronics companies shutting down their operations in Malaysia, Singapore, and Vietnam.

Mitsubishi Develops 4-Terminal N-Series 1200V MOSFET

Mitsubishi Electric announced the development and upcoming launch of the N-series variant of its silicon carbide 1200V metal-oxide-semiconductor field-effect transistors (MOSFET) in November 2020. The innovative offering has been fabricated to reduce power consumption and contract the size of power systems that require high-voltage conversion such as photovoltaic power systems and on-board chargers for electric vehicles. Compared to its TO-247-3 product line, Mitsubishi’s new MOFSET offering in its TO-247-3 package ensures 30% less switching loss, thereby guaranteeing power-efficiency of the driver. The launch of this product will entrench Mitsubishi’s leading position in the ASEAN MOFSET market for the foreseeable future.

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https://www.fortunebusinessinsights.com/asean-metal-oxide-semiconductor-field-effect-transistor-mosfet-market-104558

Promising Projections for Renewables in ASEAN to Favor Market Growth

The broadening scope for renewable energy in ASEAN countries is expected to accelerate the metal-oxide-semiconductor field-effect transistor market growth in the region. According to report a by the International Renewable Energy Agency (IRENA), the share of renewables in the total energy mix across ASEAN is set to grow from 20% in 2014 to 34% by 2025, with installed capacity rising from 51 GW in 2014 to 184 GW by 2025. To promote power generation and distribution from renewables, ASEAN countries have been actively collaborating with the World Bank, Japan Bank for International Cooperation, and Asian Development Bank to attract investments and bring down prices. For example, a 2018 study by the Institute for Energy Economics and Financial Analysis found that the Philippines can lower electricity costs to just 2.50 Philippine pesos by installing rooftop solar. MOSFET-driven equipment and devices are expected to play a critical role in enabling higher energy-efficiency of renewable energy systems and infrastructures and as investments in renewables in ASEAN countries grow, the demand for MOSFETs are likely to escalate during the forecast period.

Key Players to Fortify Market Position with Strategic Acquisitions

Key players in the ASEAN MOSFET market are engaging in strategic acquisitions of domestic companies to solidify their market position. These takeovers are allowing companies to widen their portfolios and expand their distribution networks, especially in emerging markets, where modern technologies are gaining steady ground. Moreover, acquisition of regional players is also enabling large electronics organizations associated with ASEAN countries to broaden their client base and bolster their global business prospects.

Industry Development:

• March 2019: Renesas Electronics Corporation announced the successful acquisition of Integrated Device Technology (IDT), a major supplier of analog mixed-signal products such as sensors and wireless technologies. The acquisition will empower Renesas to develop and offer a broad range of embedded and cutting-edge solutions for the electronics industry.

List of Key Players Covered in the ASEAN Metal-Oxide Semiconductor Field Effect Transistor Market Report:

• Diodes Incorporated (Texas, United States)
• Texas Instruments Incorporated (Texas, United States)
• TOSHIBA CORPORATION (‎Tokyo, Japan‎)
• ON Semiconductor Corporation (Arizona, United States)
• Infineon Technologies AG (Neubiberg, Germany)
• Fuji Electric Co., Ltd. (Tokyo, Japan)
• Renesas Electronics Corporation (Tokyo, Japan)
• Mitsubishi Electric Corporation (Tokyo, Japan‎)
• Vishay Intertechnology, Inc. (Pennsylvania, United States)
• STMicroelectronics (Geneva, Switzerland)

Further Report Findings:

• The consumer electronics segment led the ASEAN MOSFET market in 2019 with a share of 29.9% supported by the rapidly rising adoption of smartphones, laptops, and home appliances in ASEAN countries. The segment also dominated the Vietnam market with a share of 29.3% in 2019.
• At USD 37.7 million, Vietnam commanded the ASEAN metal-oxide-semiconductor field-effect transistor market share in 2019 and is expected to retain its top position owing to the increasing demand in the country for compact automation solutions.

Table of Segmentation