Global WBG Power Devices Market Growth 2023-2029

Global WBG Power Devices Market Growth 2023-2029

WBG Power Devices market, Wide-bandgap semiconductors (WBG or WBGS) are semiconductor materials which have a relatively large band gap compared to typical semiconductors.
We focus on the Silicon Carbide (SiC) and gallium nitride (GaN) WBG Power Devices in this report.
LPI (LP Information)' newest research report, the “WBG Power Devices Industry Forecast” looks at past sales and reviews total world WBG Power Devices sales in 2022, providing a comprehensive analysis by region and market sector of projected WBG Power Devices sales for 2023 through 2029. With WBG Power Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world WBG Power Devices industry.
This Insight Report provides a comprehensive analysis of the global WBG Power Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on WBG Power Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global WBG Power Devices market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for WBG Power Devices and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global WBG Power Devices.
The global WBG Power Devices market size is projected to grow from US$ 1033.5 million in 2022 to US$ 8293.2 million in 2029; it is expected to grow at a CAGR of 8293.2 from 2023 to 2029.
Currently, there are many producing companies in the world. The main market players are Infineon, Rohm, Mitsubishi, STMicro, Fuji, Toshiba, Microsemi, United Silicon Carbide Inc. , GeneSic , Efficient Power Conversion (EPC), GaN Systems and so on. Infineon is the largest production Cmpany for WBG Power Devices, with a production value market share nearly 49%.
Europe is the largest consumption place, with a consumption market share nearly 36%. Following Europe, Japan is the second largest consumption place with the consumption market share of 32%.
This report presents a comprehensive overview, market shares, and growth opportunities of WBG Power Devices market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
GaN
SiC
Segmentation by application
Consumer Electronics
Automotive & Transportation
Industrial Use
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Infineon
Rohm
Mitsubishi
STMicro
Fuji
Toshiba
Microsemi
United Silicon Carbide Inc.
GeneSic
Efficient Power Conversion (EPC)
GaN Systems
Key Questions Addressed in this Report
What is the 10-year outlook for the global WBG Power Devices market?
What factors are driving WBG Power Devices market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do WBG Power Devices market opportunities vary by end market size?
How does WBG Power Devices break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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