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In 2022, the market for GaN and SiC Power Semiconductor is anticipated to reach US$ 884 million. By 2029, the market for SiC & GaN power semiconductor devices is expected to exceed its current value of US$6,954 million. During the forecast period of 2023–2029, a phenomenal growth rate of 22.9% is predicted for the demand for these discrete electronic components.
The Global GaN and SiC Power Semiconductor Market Size, Scope, and Forecast 2023-2029 report has been added to the Market research collection of Market Intelligence Data Reports. Industry experts and researchers have offered an authoritative and concise analysis of the GaN and SiC Power Semiconductor Market with respect to variaspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the GaN and SiC Power Semiconductor Market. Additionally, it provides a futuristic perspective on varifactors that are likely to fuel the growth of the Worldwide GaN and SiC Power Semiconductor Market in the coming years.
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Some of the key players profiled in the study are Mitsubishi Electric Corporation, Infineon Technologies AG, ROHM Semiconductor, NXP Semiconductors and other Prominent players.
Infineon to acquire GaN Systems, strengthening its GaN portfolio and further reinforcing its global leadership in Power Systems Mar 2, 2023 : Munich, Germany, and Ottawa, Canada – 02 March, 2023 – Infineon Technologies AG and GaN Systems Inc. (“GaN Systems”) announced that the companies have signed a definitive agreement under which Infineon will acquire GaN Systems for US$830 million. GaN Systems is a global technology leader in the development of GaN-based solutions for power conversion. The company is headquartered in Ottawa, Canada, and has more than 200 employees.
Competition is an important issue in any market research analysis . With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the GaN and SiC Power Semiconductor market. The major and emerging players of the GaN and SiC Power Semiconductor Market are closely studied considering their market share, production, sales, revenue growth, gross margin, product portfolio, and other important factors . This will help players familiarize themselves with the movements of their toughest competitors in the GaN and SiC Power Semiconductor market.
The segmental analysis section of the report includes a thorough research study on key type and application segments of the GaN and SiC Power Semiconductor market
GaN and SiC Power Semiconductor Market ( By Types )
SiC Power Module
GaN Power Module
Discrete SiC
Discrete GaN
GaN and SiC Power Semiconductor Market ( By Application )
Power supplies
Industrial motor drives
PV inverters
Traction
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Important years considered in the GaN and SiC Power Semiconductor study:
Historical year – 2017-2021;
Base year – 2022;
Forecast period ** – 2023 to 2029 [** unless otherwise stated]
If opting for the Global version of GaN and SiC Power Semiconductor Market; then the below country analysis would be included:
– North America (Because of the growing number of solar power plant installations in the United States, the GaN and SiC power semiconductor industry in North America is expected to develop at a quick pace. According to a news release issued by the Solar Energy Industries Association in December 2020, in the third quarter of 2020,)
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)
– Asia-Pacific (In Asia Pacific region, GaN and Sic power semiconductor devices are rapidly gaining market share, with GaN and Sic devices progressively replacing silicon equivalents in many application areas such as consumer and enterprise, telecommunications, automotive, and industrial. In terms of manufacture and distribution, China is the greatest provider of raw materials to the wide bandgap semiconductor sector. This is also predicted to have an indirect beneficial influence on the GaN and Sic semiconductor device market's sales growth in Asia Pacific region.)
– South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)
– the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
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Reasons to Procure this Report:
The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways. The report provides GaN and SiC Power Semiconductor market revenues at the worldwide, regional, and country levels with a complete analysis to 2029 permitting companies to analyze their market share and analyze projections, and find new markets to aim for. The research includes the GaN and SiC Power Semiconductor market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment. GaN and SiC Power Semiconductor market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats. This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business. The study helps evaluate GaN and SiC Power Semiconductor business predictions by region, key countries, and top companies' information to channel their investments.
What is new in 2023?
– Major developments that can change the business landscape as well as market forecasts.
– Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.
– Coverage of new market players and change in the market share of existing players of the GaN and SiC Power Semiconductor market.
– Updated financial information and product portfolios of players operating in the GaN and SiC Power Semiconductor market.
– Updated market developments of the profiled players.
– Any new data points/analysis (frameworks) which was not present in the previversion of the report
The new edition of the report consists of trends/disruptions on customer's business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for GaN and SiC Power Semiconductor.
Customization services available with the report :
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