Global Next-Generation Power Semiconductors Market Growth (Status and Outlook) 2023-2029

Global Next-Generation Power Semiconductors Market Growth (Status and Outlook) 2023-2029

Silicon semiconductor products have evolved over time, with the creation of high precision semiconductor manufacturing equipments and the optimization of device configuration and wafer process. This contributed to the development of miniaturized and high performance electronic products which have become a major part in our daily lives.

According to this study, the global Next-Generation Power Semiconductors market size will reach US$ million by 2029.

In recent years, GaN (gallium nitride) and SiC (silicon Carbide) based semiconductors called the "Next Generation Power Semiconductors"have been receiving much attention. Compared to silicon, GaN and SiC have a wider band gap (Si:1.1, SiC:3.3, GaN:3.4), and therefore it is also called "Wide Band Gap Semiconductors". Comparing the material properties, the figure of merit of SiC is 440 times greater, and GaN is 1130 times than that of Silicon. To fully utilize this material, development in the area of peripheral technology is currently underway. A more compact and highly efficient equipment can be created, by replacing conventional Si(Silicon) semiconductors with a GaN or SiC based new generation power semiconductor. The next generation power semiconductors are expected to open up a new field of opportunities for electronic equipments.

This report presents a comprehensive overview, market shares, and growth opportunities of Next-Generation Power Semiconductors market by product type, application, key players and key regions and countries.

Segmentation by product type:
GaN
SiC

Segmentation by Application:
Renewable Energy
Hybrid & Electric Vehicle
Smart Homes
Others

This report also splits the market by region:
United States
China
Europe
Other regions:
Japan
South Korea
Southeast Asia
Rest of world

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
Cisco Systems
Fortinet
Barracuda Networks
Juniper Networks
Palo Alto Networks
Forcepoint
Zscaler
Watchguard Technologies
Sophos Group
Check Point Software Technologies

Please note: The report will take approximately 2 business days to prepare and deliver.