Power GaN Market – Industry Insights by Growth, Emerging Trends and Forecast By 2028

Power GaN Market – Industry Insights by Growth, Emerging Trends and Forecast By 2028

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.

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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.

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.

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Published Wed, 10 Aug 2022 13:10:38 -0500

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