Global Wide-bandgap Power Market: Overview
Wide-Bandgap power is widely used for various applications such as the industrial motor system, consumer’s electronics, and conversion of solar. Wide-bandgap power devices such as semiconductor help to enhance the energy efficiency and consistency of power electronics devices. The Wide-bandgap power devices are small in size and have the capabilities to operate at very high voltage. The materials used for wide-bandgap power device are gallium nitride (GaN) and silicon carbide (SiC) which possess the bandgaps of approximately 3.4 eV (electron volt) and 3.3 eV respectively. Whereas, gallium nitride preferred more as compared to silicon carbide owing to its higher reliability, smaller, faster as well as more efficient.
Global Wide-bandgap Power Market: Dynamics
The Key factors such as significantly growing electrical and electronics industry along with solar and wind energy industry which is driving the global wide-bandgap power market over the forecasted period due to the surge in demand for consumer electronics goods among the consumers globally. The micro-economic factors such as rapidly growing urbanization, disposable income in emerging countries such as China, India fuels the growth of the global wide-bandgap power market globally. Additionally, growing use of LEDs (Light Emitting Diodes) for lighting purpose among consumers is one the major driving factor of global wide-bandgap power market over the forecasted period. Furthermore, rising technological innovation such as connected sensors along with an increase in Internet of things helps the global wide-bandgap power market to grow at a rapid rate, owing to increasing use of RFID chips across the globe. Moreover, the rising defense sector, as well as rapidly growing automotive industry, enable to boost the growth of global wide-bandgap power market over the forecasted period, owing to the significant usage of wide-bandgap power devices for defense purposes and increasing usage of electronics devices in automobiles globally. However, growing safety standards due to increased operations at high voltage may hinder the global wide-bandgap power market to grow over the forecasted period.
Planning to lay down future strategy? Perfect your plan with our report sample here https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31826
Global Wide-bandgap Power Market: Segmentation
Global wide-bandgap power market has been classified by application type, end-user, and region type
Based on the application type, the global wide-bandgap power market is segmented into the following:
- Industrial Motor Systems
- Consumer Electronics and Data Centres
- Conversion of Solar and Wind Energy
Based on the end-user, the global wide-bandgap power market is segmented into the following:
- Electricals and Electronics
- Automotive
- Defense
- Healthcare & Life Sciences
- Others
Global Wide-bandgap Power Market: Regional Outlook
Among above mentioned end-user, electronics and electrical segment accounts high market share and is estimated to grow at the rapid rate in the global wide-bandgap power market over the forecasted period due to rising industrial automation globally. Among above-mentioned application type, industrial motor systems account high market share in the global wide-bandgap power market due to the significant usage of industrial motors for various purposes such as manufacturing of products. Based on geographies, global wide-bandgap power market is segmented based on seven major regions includes Western Europe, Eastern Europe, North America, Latin America, Asia Pacific excluding Japan, Japan and the Middle East and Africa. Among above-based regions, North America captures significant market share in the global wide-bandgap power market, owing to increasing technological advancements include artificial intelligence, robotics along with rapidly increasing data centers across the region. Western Europe is predicted to witness the surge in the growth of the global wide-bandgap power market, owing to rapidly increasing industrial automation across the regions. Furthermore, Japan is anticipated to see the rapid growth rate in the global wide-bandgap power market, attributed to rising innovation in the LED based products across the region. Robust growth in manufacturing of electronics consumer goods in emerging countries such as China, India, etc. fuel the growth of the global wide-bandgap power market in Asia Pacific excluding Japan region.
Global Automotive Wide-bandgap Power Market: Key Players
Few prominent players of the global wide-bandgap power market are Panasonic Corporation, ROHM Semiconductor, Infineon Technologies AG, Allegro Microsystems LLC, Alpha & Omega Semiconductor Ltd., Bourns Inc., Cree Inc., and Dialog Semiconductor PLC. Key manufacturers are focusing on innovation in products to build highly reliable wide-bandgap power device. For instance, in the year 2017, Cree Inc. inaugurates architectural lighting with new CLQ6A LED to provide efficient color mixing design.
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.
Looking for exclusive market insights from business experts? Buy Now Report here https://www.transparencymarketresearch.com/checkout.php?rep_id=31826<ype=S
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.
