GaN Power Device Market to Register 17.45% CAGR to 2026, States Inkwood Research in Its New Research Study Available at MarketPublishers.com11 Jan 2018 • by Natalie Aster
LONDON – The worldwide market for gallium nitride (GaN) power devices is expected to gain fast-paced momentum at a 17.45% CAGR through to 2026. The expanding R&D for GaN applications, surging adoption of electric drive vehicles, and decreased prices for GaN power devices are amid the main factors propelling the growth of the market.
To date, the growing demand from consumer electronics and increased budgetary funding present growth opportunities for the market. Nevertheless, the intense degree of current competition in the industry, in tandem with the surging propensity of a number of producers to silicon-based devices is limiting the evolution of the marketplace.
North America was a huge contributor to the global market in 2016; however, the market of Japan is likely to progress ahead through to end-2018. Furthermore, by 2020, Taiwan and South Korea are also set to capture considerable market shares. A pervasive uptake of electric cars and the presence of dominant market participants in the region is boosting the APAC market growth.
International Quantum Epitaxy Plc, Efficient Power Conversion Corporation, On Semiconductor Corporation, Gan Systems Inc, Panasonic Corporation, Koninklijke Philips N.V, Taiwan Semiconductor Manufacturing Company Limited, Mitsubishi Corporation, and Toshiba Corporation, amid others, are the dominant players.
New research study “GLOBAL GAN POWER DEVICE MARKET FORECAST 2017-2026” drawn up by Inkwood Research gives an extensive analysis of the market on a global level.
The report provides an overview of the parent market, etymology of GaN power devices, market definition and scope. It examines key market drivers and restraints, challenges and opportunities. The report provides detailed market segmentation based on device types, industry verticals, and region-wise. The study provides key analytics covering Porter’s five force analysis, opportunity matrix, key buying criteria; legal, policy, regulatory framework; a value chain analysis and investment analysis, etc. The research report offers in-depth insights into the competitive landscape, offers market share analysis, and provides detailed profiles of the leading companies. Furthermore, detailed future forecasts of the growth path of the market to 2026 are also available.
Inkwood Research online catalogue at MarketPublishers.com contains a full collection of the publisher’s new research studies.