Europe Wide Bandgap Power (WBG) Semiconductor Power Devices and Modules Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030.
The Europe Wide Bandgap Power (WBG) Semiconductor Power Devices and Modules Market is seeing significant growth due to increased demand across various industries. Wide bandgap semiconductors, such as Silicon Carbide (SiC) and Gallium Nitride (GaN), offer improved performance compared to traditional silicon-based devices. This has led to their widespread adoption in power electronics, renewable energy systems, automotive, and industrial applications.
The primary driving force behind the WBG market is the growing need for energy-efficient devices. In industries such as automotive, especially with the rise of electric vehicles (EVs), the ability to operate at higher voltages and frequencies while reducing energy losses is crucial. WBG semiconductors deliver superior efficiency, faster switching speeds, and better thermal management than conventional silicon-based devices, which is why they are increasingly sought after for EV powertrains and charging systems.
Another significant industry requirement is the demand for compact, high-power-density components. WBG semiconductors allow for smaller and more efficient devices, which is vital in sectors like industrial automation and consumer electronics. The integration of WBG modules in renewable energy technologies, such as solar inverters and wind turbine power converters, is also on the rise. The high efficiency of WBG devices ensures minimal energy loss and maximum power conversion, which is a critical aspect of renewable energy systems where efficiency translates to more sustainable energy production.
Manufacturers and industries are actively pursuing the benefits offered by WBG power devices. The reduction of size and weight, as well as the ability to withstand higher voltages, makes them ideal for high-performance applications. Industries like telecommunications, specifically the growing 5G network, benefit from the ability of WBG modules to handle the increased demand for power without compromising on performance. These trends are shaping the future of power electronics and driving the market for WBG semiconductor devices across Europe.
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Wolfspped (Cree)
Infineon Technologies
ROHM Semiconductor
STMicroelectronics
Onsemi
Mitsubishi Electric
Littelfuse
Microchip Technology
GeneSiC Semiconductor
Transphorm
GaN Systems
Navitas Semiconductor
Efficient Power Conversion (EPC)
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Europe Wide Bandgap Power (WBG) Semiconductor Power Devices and Modules Market
Silicon Carbide (SiC) Devices
SiC MOSFETs
SiC Schottky Diodes
SiC BJTs
Power Electronics
Industrial Drives
Renewable Energy Systems
Electric Vehicles (EVs)
Aerospace and Defense
Automotive
Telecommunications
Renewable Energy
Industrial Automation
Discrete Devices
Power Modules
Integrated Power Modules
Power Management ICs
High Voltage
High Frequency
High Temperature
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)
For More Information or Query, Visit @ Wide Bandgap Power (WBG) Semiconductor Power Devices and Modules Market Research Analysis
1. Introduction of the Europe Wide Bandgap Power (WBG) Semiconductor Power Devices and Modules 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. Europe Wide Bandgap Power (WBG) Semiconductor Power Devices and Modules Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Wide Bandgap Power (WBG) Semiconductor Power Devices and Modules Market, By Type
6. Europe Wide Bandgap Power (WBG) Semiconductor Power Devices and Modules Market, By Application
7. Europe Wide Bandgap Power (WBG) Semiconductor Power Devices and Modules Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Wide Bandgap Power (WBG) Semiconductor Power Devices and Modules Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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