GaN Power Devices

GaN Power Devices

Global GaN Power Devices Market to Reach US$2.2 Billion by 2030

The global market for GaN Power Devices estimated at US$346.5 Million in the year 2023, is expected to reach US$2.2 Billion by 2030, growing at a CAGR of 30.5% over the analysis period 2023-2030. GaN Power Modules, one of the segments analyzed in the report, is expected to record a 31.5% CAGR and reach US$1.2 Billion by the end of the analysis period. Growth in the GaN Power ICs segment is estimated at 32.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$90.3 Million While China is Forecast to Grow at 39.9% CAGR

The GaN Power Devices market in the U.S. is estimated at US$90.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$698.7 Million by the year 2030 trailing a CAGR of 39.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 23.4% and 25.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 24.5% CAGR.

Global GaN Power Devices Market - Key Trends & Drivers Summarized

What Are GaN Power Devices and Why Are They Revolutionary?

GaN (Gallium Nitride) power devices are transforming the electronics and semiconductor industry due to their high efficiency, thermal stability, and fast-switching capabilities. Compared to traditional silicon-based devices, GaN power devices handle higher voltages, offering greater efficiency and smaller form factors. 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.

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.

What Drives the Growth of the GaN Power Devices Market?

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.

Select Competitors (Total 41 Featured) -

• 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

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.