Dublin, Jan. 22, 2025 (GLOBE NEWSWIRE) -- The "GaN Power Devices - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for GaN Power Devices was estimated at US$346.5 Million in 2023 and is projected to reach US$2.2 Billion by 2030, growing at a CAGR of 30.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
These devices are widely used in fast-charging adapters, electric vehicles, and renewable energy systems where compact, efficient power is crucial. The superior properties of GaN allow for devices with lower resistance and higher thermal conductivity, which translates to faster operation, lower power loss, and enhanced performance in various applications.
The growth in the GaN power devices market is driven by several factors, including increased demand for efficient power solutions, advancements in consumer electronics, and expansion in renewable energy applications. GaN technology's superior energy efficiency and thermal properties make it ideal for applications ranging from fast-charging electronics to electric vehicles and solar power systems.
The global shift toward energy-efficient electronics, alongside governmental emphasis on reducing emissions and promoting renewable energy, is accelerating demand for GaN devices. Additionally, the rising adoption of 5G technology and data centers, which require high-performance power systems, is fueling the market`s expansion. These factors collectively position GaN power devices for sustained growth across multiple high-impact industries.
How Are GaN Power Devices Shaping Renewable Energy Applications?
The renewable energy sector is adopting GaN power devices to improve efficiency and reduce energy losses in solar inverters, wind turbines, and grid applications. GaN technology's high power density is particularly beneficial in renewable energy systems, allowing for compact designs and improved energy conversion rates.
With governments globally pushing for greener energy sources, GaN devices are expected to play a vital role in making renewable energy systems more efficient and reliable. This technology supports clean energy goals by optimizing energy output, thereby lowering the environmental impact of renewable power sources.
Why Is Demand for High-Efficiency Electronics Increasing?
With consumer electronics trending toward higher performance and smaller form factors, the demand for GaN power devices is on the rise. These devices are particularly relevant in fast-charging applications, including mobile devices and laptops, where efficient power conversion is crucial.
GaN power devices also enhance the performance of electric vehicles and industrial machinery by reducing power loss and heat production, extending battery life and improving energy efficiency. The demand for GaN technology is further amplified by its integration into data centers and 5G infrastructure, where energy efficiency is paramount to reducing operational costs.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global GaN Power Devices Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global GaN Power Devices Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global GaN Power Devices Market such as Ampleon Netherlands B.V., Efficient Power Conversion Corporation, Epigan NV, Exagan, GaN Systems, Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 223 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $346.5 Million |
| Forecasted Market Value (USD) by 2030 | $2200 Million |
| Compound Annual Growth Rate | 30.5% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 and a Looming Global Recession
- GaN Power Devices - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Demand for High-Efficiency Power Electronics Across Industries
- Growth in Electric Vehicles and Renewable Energy Applications Using GaN Power Devices
- Technological Advancements in GaN Semiconductors for Improved Performance
- Increased Adoption of GaN Power Devices in Data Centers and 5G Infrastructure
- Expansion of GaN Applications in Consumer Electronics for Compact, Efficient Designs
- Growing Focus on Reducing Power Loss and Enhancing Device Efficiency
- Rising Demand for GaN Power Devices in Aerospace and Defense Sectors
- Surge in Use of GaN for High-Frequency and High-Voltage Applications
- Development of GaN Power Devices in Wireless Charging Solutions
- Increased Investment in Research for Cost-Effective GaN Production Techniques
- Expansion of GaN Power Devices in Industrial Automation and Robotics
- Growing Awareness of Environmental Benefits of GaN Over Traditional Silicon
FOCUS ON SELECT PLAYERS: Some of the 41 companies featured in this report include
- Ampleon Netherlands B.V.
- Efficient Power Conversion Corporation
- Epigan NV
- Exagan
- GaN Systems, Inc.
- GaNPower International Inc.
- INTEGRA Technologies Limited
- Luxin Technology (Lu-Semi)
- M/A-COM Technology Solutions Holdings, Inc.
- Microsemi Corporation
For more information about this report visit https://www.researchandmarkets.com/r/1s3jwa
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