Power GaN Market: Overview

Gallium Nitride (GaN) is an emerging technology in field of semiconductors. The wide band gap feature distinguishes GaN semiconductor from silicon carbide (SiC) and gallium arsenide (GaAS) semiconductors.

The semiconductor is gaining traction rapidly because of its high efficiency, size, thermal performance, and weight. It is expected to be the next generation semiconductor for purpose of power generation. With regard to aforementioned features, the semiconductor is widely being implicated in various technologies such as telecommunications and electric vehicles.

GaN-based products have high operational efficiency, better design, smaller size, and cost-effectiveness. Thus, companies are widely using GaN semiconductors in their product.

The upcoming report on power GaN market is a comprehensive study of its drivers and trends that will contribute to growth of the power GaN market between 2019 and 2028. The report has emphasized on segments that are likely to contribute significantly to growth of the market. Also, regional growth is covered in the report.

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Power GaN Market: Notable Development

Gallium Nitride (GaN) market is anticipated to grow tremendously in following years. The growth rate is attributed to its wide application range in photovoltaic (PV) inverters, hybrid and electric vehicles, and in power supplies source.

As per IHS Inc., a global source of critical information and insight, revenue from SiC and GaN power semiconductors is likely to show considerable growth in coming years. Also, market revenue is projected to rise at double digit growth rate annually in following decade.

With increasing demand for wide bandgap semiconductors, GaN is anticipated to gain significant consumer traction. It provides similar benefits as that of SiC semiconductors, but at reduced cost. Hence, GaN semiconductor will be widely adopted in power transistors.

Power GaN Market: Key Trends

At present, power GaN market is driven by RF power devices. These devices are widely used in consumer and enterprise, high-efficiency power supply applications, telecommunications, automotive, aerospace, military, and defense.

Growing production of electric vehicles and EV charging coupled with increasing renewable energy generation are major factors anticipated to drive power GaN market in coming years.

Further, rising demand for high performance and energy-efficient motors is fuelling demand for GaN devices. These motors have integrated GaN devices to regulate high voltage (above 400 V).

Moving forward, telecommunication service providers are aiming to provide network with lower latency, ubiquitous connectivity, and higher capacity. This way current network will be improvised in terms of data rates, energy efficiency, traffic capacity, and latency.

Hence, GaN will be used in distributed antenna systems (DAS), small cell, and remote radio head network densification.

Widening application range of GaN in several industries is likely to propel power GaN market during forecast period.

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Power GaN Market: Regional Analysis

Asia Pacific is anticipated to hold significant share in the power GaN market during forecast period (2019-2028). The prominence of the region is accredited to well-established power electronics industry in the region. In addition, key players such as Sumitomo Electric Industries Ltd. (Japan) and Toshiba Corporation (Japan) operating in power GaN market are present in the region.

To curb emission from CI and SI powered engines, the companies are promoting use of electric vehicles. The shift to the vehicle type is likely to provide potential growth opportunities to power GaN manufacturing companies.  The new generation of GaN based machines are supposedly compact and light weight. Also, it is efficient to counteract elevated temperatures.

According to IEA, in 2017, China, standalone, provided 1.23 million electric cars. Moreover, electric cars are widely adopted in the country. On record, in 2018, out of all cars, 45% were electrically powered. The number is anticipated to increase in coming years. As a result, power GaN market is likely to witness huge demand from China during forecast period.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.