Rising Concerns Regarding Energy Conservation to Boost Global Uptake of GaN Power Devices

Energy conservation is garnering widespread attention as the most important key to solving multifarious environmental issues, including a reduction in the use of conventional and highly polluting energy resources such as oil and coal and the consecutive reduction in harmful emissions. Energy conservation is also the way to ensuring energy security for poor, developing, or less-developed countries. Gallium nitride’s (GaN) potential in reducing the energy losses of power devices is rapidly being seen as an important part of the energy saving initiatives across the globe.

Transparency Market Research estimates that the global GaN power devices market will progress at a massive 17.5% CAGR over the period between 2017 and 2025, rising to an opportunity of US$1.4 bn by 2025 as opposed to US$223.5 mn in 2015.

In this blog, TMR analysts highlight some of the key trends presently seen in the global GaN power devices market:

Which region holds the most promise for the GaN power devices market?

Presently, regions with well-established power industries such as most countries in Europe and North America, are the leading regions with promising growth opportunities for the GaN power devices market. The North America market held the leading share in the revenue of the global GaN power devices market in 2015 and is expected to remain one of the key revenue contributing regions in the next few years as well. The regional market will benefit from the steady developments across the battery industry and strong growth of a number of application segments of GaN power devices such as electric vehicles and smartphones.

In the near future, however, Asia Pacific is expected to register itself as one of the leading regional markets for GaN power devices. Home to a number of leading manufacturers of electronics devices, a vast consumer base for smart electronics devices and a rising level of awareness about energy conservation among masses are expected work in favor of the Asia Pacific GaN power devices market.

Explain the level of competition in the global GaN power devices market.

The global market for GaN power devices comprises a large number of small, mid-level, as well as large companies, hinting towards a largely fragmented vendor landscape and a high level of competitive rivalry. Despite the presence of several small-scale companies in regional pockets, international firms such as GaN Systems Inc., Efficient Power Conversion Corporation, Texas Instruments, NXP Semiconductors N.V., and Infineon Technologies AG have established strong presence owing to strategic collaborations with OEMs and brand power.

To stay ahead of the stiff competition, companies are focusing on the development of new product varieties, investing more on R&D activities, and attempting to bring improvements in reliability and quality of products. Focus on strategic partnerships, long-term contracts with OEMs, and expansion across high-growth potential regional markets has also increased. 


Post a Comment

Note: only a member of this blog may post a comment.

Latest Post

Market Research Reports