Market Size – The GaN-based power supply adapter market size has grown strongly in recent years. It will grow from $0.97 billion in 2023 to $1.03 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to a rise in demand for compact and lightweight power adapters, a rise in the adoption of renewable energy sources, increased government regulations promoting energy-efficient technologies, increasing consumer demand for faster charging times, and rise in the number of smart home devices.
The GaN-based power supply adapter market size is expected to see strong growth in the next few years. It will grow to $1.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing demand for energy-efficient power supply devices, increasing demand for multi-port power chargers, growing demand for fast charging and lightweight multi-part adapters, and rising adoption of power-intensive electronics devices. Major trends in the forecast period include technological advancements, 5G technology, IoT devices, smart homes, and wearable devices.
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Scope Of GaN-Based Power Supply Adapter MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
GaN-Based Power Supply Adapter Market Overview
Market Drivers –The growing demand for electric vehicle (EV) charging stations is anticipated to drive the growth of the GaN-based power supply adapter market. EV charging stations, also known as charging points, are facilities that allow electric vehicles to recharge their batteries. The demand for electric vehicles is rising due to various factors, including increasing sales, a wider range of model options, urbanization, corporate fleet adoption, and stringent environmental regulations. GaN-based power supply adapters enhance EV charging station performance and efficiency through their compact size, high efficiency, fast charging capabilities, and advanced thermal management. These advantages lead to improved overall performance and lower operational costs for EV charging infrastructure. As reported by the Department of Energy Alternative Fuels Data Center in March 2024, the number of public and private electric car charging ports in the US increased from 151,273 units in 2022 to 184,098 units in 2023. Therefore, the increasing demand for EV charging stations is driving the growth of the GaN-based power supply adapter market.
Market Trends – Major companies operating the GaN-based power supply adapters market are focusing on developing technological advancements, such as GAN-based notebook adapter solutions, to provide high performance, efficiency, and sustainability in notebook power delivery. GaN-based notebook adapters represent an advanced technology solution for powering laptops and other portable devices. For instance, in August 2023, Infineon Technologies, a Germany-based semiconductor manufacturing company, and Chicony Power Tech Co., a Taiwanese-based company, collaborated to develop GAN-based PD3.1 notebook adapter solutions. The new adapter series, which utilizes Infineon’s CoolGaN and CoolMOS technology, can deliver up to 240 watts, significantly increasing from the 100 watts defined in USB 3.0. offers increased power density and reduced energy loss and greenhouse gas emissions, enabling more efficient and sustainable power solutions for high-performance notebooks.
The GaN-based power supply adapter market covered in this report is segmented –
1) By Type: Less Than 100W, 100-160W, 160-200, More Than 200W
2) By Port: 1 Port Power Charger, 2 Port Power Charger, MultiPort Power Charger
3) By Application: Computers And Laptops, Mobile Phones And Wearables, Other Consumer Electronics, Automotive, Industrial Products, Other Applications
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Regional Insights – North America was the largest region in the GaN-based power supply adapter market in 2023. The regions covered in the GaN-based power supply adapter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are Sumida Corporation, Verizon Communications Inc., Xiaomi Corporation, Navitas Semiconductor, Arrow Electronics Inc., Texas Instruments Incorporated, AsusTek Computer Inc., Infineon Technologies AG, Analog Devices Inc., Nexperia BV, Digi-Key Electronics, Chicony Power Technology Co. Ltd., Power Integrations, Belkin International Inc., GaN Systems Inc., Weltrend Semiconductor Inc., CUI Global Inc., Yole Group, Transphorm Inc., Baseus, Efficient Power Conversion Corporation, RAVPower, VisIC Technologies Ltd., Finepower GmbH, Anker Innovations Limited, Chargeasap Pvt Ltd., Innoscience Technology
Table of Contents 1. Executive Summary2. GaN-Based Power Supply Adapter Market Report Structure3. GaN-Based Power Supply Adapter Market Trends And Strategies4. GaN-Based Power Supply Adapter Market – Macro Economic Scenario5. GaN-Based Power Supply Adapter Market Size And Growth…..27. GaN-Based Power Supply Adapter Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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