seobhushan (16)

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GaN SiC Power Semiconductor Market is projected
to reach CAGR 30 by 2027
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Key Insights from GaN SiC Power Semiconductor
Market

• With respect to the current pandemic, the GaN and
  SiC power semiconductor market was severely
  impacted since the spread of virus in 2020.
  Several projects in the solar energy generation
  landscape were halted during the first and second
  quarter of 2020. Additionally, decline in sales
  has led automotive OEMs to reduce their electric
  vehicle production capacity, impeding market
  growth.
• Rampant development and roll out of 5G technology
  around the globe will offer new growth prospects
  to GaN and SiC power semiconductor manufacturers.
  These semiconductors are known for providing
  small form factor and high-power density,
  hastening their adoption whilst telecom operators
  augment infrastructure development. The GaN SiC
  power semiconductor market is projected to
  surpass USD 4.5 billion by 2027. Constant
  initiatives taken by governments for adopting 5G
  technology will drive the expansion of the
  industry.

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Regional Insights in GaN SiC Power
Semiconductor Market

• 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 GaN SiC power semiconductor
  market.

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Latest Research Report On GaN SiC Power
Semiconductor Market_at_ https//www.gminsights.com/
industry-analysis/gan-and-sic-power-semiconductor-
market Request for a sample of this research
report _at_ https//www.gminsights.com/request-sample
/detail/3375
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Major Companies in GaN SiC Power Semiconductor
Market

• Fuji Electric Co., Ltd
• Alpha and Omega Semiconductors
• Mitsubishi Electric Corp. Microsemi Corp.
• Infineon Technologies AG
• Diodes Inc.

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Industry Coverage

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