The GaN And SiC Power Semiconductor Global Market Report 2023, provides comprehensive information on the gan and sic power semiconductor market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The GaN And SiC Power Semiconductor Market’s Growth:
The global GaN and SiC power semiconductor market size is expected to grow from $0.98 billion in 2022 to $1.18 billion in 2023 at a compound annual growth rate (CAGR) of 20.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global GaN and SiC power semiconductor market size is expected to grow to $2.45 billion in 2027 at a CAGR of 20.1%.
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Technological advancements are a key trend gaining popularity in the GaN & SiC power semiconductor market. Major companies operating in the market are focusing on developing technologically advanced solutions to sustain in the market. For instance, in May 2022, Infineon Technologies, a Germany-based semiconductor manufacturing company, unveiled its extended CoolSiC portfolio, an advanced silicon carbide (SiC) chip including high-voltage solutions that will serve as the basis for next-generation. Low drain-source on resistance is offered by the brand-new 2 kV CoolSiC technology. In comparison to 1700 V SiC MOSFETs, the technique offers ten times less FIT rate from cosmic rays and allows for a suitable overvoltage tolerance. The devices are simple to operate because of the wide functioning gate voltage range.
The gan and sic power semiconductor market is segmented:
1) By Product: SiC Power Module, GaN Power Module, Discrete SiC, Discrete GaN
2) By Application: Power Supplies, Industry Motor Drives, Hybrid/Electric Vehicles (H/EVs), Photovoltaic Inverters, Traction, Other Applications
3) By Distribution channel: Direct, Indirect
Asia-Pacific was the largest region in the gan and sic power semiconductor market in 2022.
The table of contents in TBRC’s gan and sic power semiconductor market report includes:
- Executive Summary
- GaN And SiC Power Semiconductor Market Characteristics
- GaN And SiC Power Semiconductor Market Trends And Strategies
- GaN And SiC Power Semiconductor Market – Macro Economic Scenario
- GaN And SiC Power Semiconductor Market Size And Growth
- GaN And SiC Power Semiconductor Market Segmentation
- GaN And SiC Power Semiconductor Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The GaN And SiC Power Semiconductor Market
- GaN And SiC Power Semiconductor Market Future Outlook and Potential Analysis
- Appendix
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