The GaN & SiC power semiconductor market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

Impacts of the COVID-19 pandemic on the GaN & SiC power semiconductor market were witnessed in the first and second quarter of 2020. Strict lockdowns imposed by governments led to halting of several energy projects like solar farms, impacting the business of GaN & SiC semiconductor manufacturers and suppliers. The pandemic has also influenced consumer purchasing, forcing OEMs to reduce their production capacity.

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Rising inclination towards driving solar power installation in the commercial & residential sector along with increasing consumer preference toward clean electricity will have positive influence on the GaN & SiC power semiconductor market. Escalating investments and government initiatives for installing solar energy systems in newly built homes and other buildings will create multiple growth opportunities for the GaN & SiC power semiconductor manufacturers. It was estimated that the solar PV inverters application segment held a market stake of over 25% in 2020 and is predictable to record a 30% CAGR over the estimated timeline.

The GaN & SiC power semiconductor market is projected to exceed over USD 4.5 billion by 2027 backed by 5G technology proliferation around the globe. GaN and SiC semiconductor materials enable the development of faster, smaller, and more reliable devices with higher efficacy compared to their silicon-based counterparts. Benefits of GaN and SiC semiconductor devices make it possible to reduce the volume, weight, and costs of lifecycles in a wide range of power applications.

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Based on region, the Europe GaN & SiC power semiconductor market was valued at over USD 100 million in 2020 and is projected to grow at a 25% CAGR during the forecast period. Rising favorable initiatives taken by the government to accelerate electric vehicle adoption are expected to boost the regional growth in the estimated timeframe. In March 2021, the German government announced to offer USD 6.5 billion funding for electric vehicle charging infrastructure. Such initiatives will provide an additional opportunity to regional players operating in the industry.

The key players operating in the market include Fuji Electric Co., Ltd, Alpha and Omega Semiconductors, Mitsubishi Electric Corp., Microsemi Corp., Infineon Technologies AG, and Diodes Inc., among others. The major players are focusing on taking strategic initiatives like mergers, acquisitions, and partnerships for staying competitive in the market. In June 2020, ROHM announced its partnership with Vitesco Technologies to deliver SiC components to Vitesco to increase the efficiency of power electronics in electric vehicles. This partnership is expected to aid the company in strengthening its market position of SiC power solutions in EV applications.

Major Key Points from Table of Content:

Chapter 5   GaN & SiC Power Semiconductor Market, By Product

5.1    Key trends, by product

5.2    SiC power module

5.2.1    Market estimates and forecast, 2016 - 2027

5.3    GaN power module

5.3.1    Market estimates and forecast, 2015 – 2025

5.4    Discrete SiC

5.4.1    Market estimates and forecast, 2016 - 2027

5.5    Discrete GaN

5.5.1    Market estimates and forecast, 2016 - 2027

Chapter 6   GaN & SiC Power Semiconductor Market, By Application

6.1    Key trends, by application

6.2    Power supplies

6.2.1    Market estimates and forecast, 2016 - 2027

6.3    Industrial motor drives

6.3.1    Market estimates and forecast, 2015 – 2025

6.4    H/EV

6.4.1    Market estimates and forecast, 2016 - 2027

6.5    PV inverters

6.5.1    Market estimates and forecast, 2016 - 2027

6.6    Traction

6.6.1    Market estimates and forecast, 2015 – 2025

6.7    Others

6.7.1    Market estimates and forecast, 2016 - 2027

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