Power GaN Devices Market size was valued at USD 1.5 Billion in 2024 and is projected to reach USD 8.5 Billion by 2033, exhibiting a CAGR of 22.5% from 2026 to 2033.
The global Power GaN Devices market has experienced significant growth, with its valuation reaching approximately USD 1.02 billion in 2022. Projections indicate that this market will expand to around USD 6.21 billion by 2030, reflecting a compound annual growth rate (CAGR) of 24.5% from 2024 to 2030. This growth is driven by the increasing demand for energy efficient solutions across various sectors, including renewable energy, electric vehicles, and consumer electronics. In the automotive sector, for instance, the adoption of GaN devices is accelerating as manufacturers seek to improve power conversion efficiency and reduce the size and weight of electronic components. Regionally, Asia Pacific emerged as a dominant force, accounting for 34.1% of the global market share in 2021. This leadership is primarily attributed to the strong presence of consumer electronics manufacturers and rapid industrialization in countries such as China, Japan, and South Korea. North America and Europe also held significant shares, with 28.4% and 23.9%, respectively, in the same year. The North American market benefits from early adoption of advanced technologies and a strong focus on research and development, particularly in the electric vehicle and telecommunications sectors. Europes market growth is driven by government initiatives promoting renewable energy and the increasing adoption of electric vehicles, with a projected CAGR of 17.5% from 2024 to 2032.
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Efficient Power Conversion Corporation
Fujitsu limited
GaN Power
GaN systems
Infineon Technologies
Navitas Semiconductor
On Semiconductors
Panasonic Corporation
VisIC Technologies
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Power GaN Devices Market
High Electron Mobility Transistor (HEMT)
Integrated Power Devices
Power Amplifiers
Rectifiers
Consumer Electronics
Telecommunications
Automotive
Industrial Applications
Renewable Energy Systems
Low Voltage GaN Devices (up to 200V)
Medium Voltage GaN Devices (200V - 650V)
High Voltage GaN Devices (650V and above)
Consumer Electronics
Automotive
Telecommunications
Defense and Aerospace
Energy and Power Generation
Discrete Power GaN Devices
Module Power GaN Devices
System-on-Chip (SoC) Power GaN Devices
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Power GaN Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Power GaN Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Power GaN Devices Market, By Type
6. Global Power GaN Devices Market, By Application
7. Global Power GaN Devices Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Power GaN Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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