SiC & GaN Power Semiconductor Market Research Report Reveals Top Players, Ongoing Trends, Growth Factors and Forecast till 2026

With a prime focus on sic & gan power semiconductor industry, research analysts of Fact. MR has publicized a comprehensive study to its online repository. This in-depth study is headlined as “SiC & GaN Power Semiconductor Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026” which discusses the historic and current scenario of the global market, along with the future prospects it holds for a 10 year assessment period, 2017-2026. For the benefit of the investors of the report, this research focuses on the drivers and restraints anticipated to impact the demand for sic & gan power semiconductor in the coming years. Along with these insights, the report provides the readers crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

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As per the latest study by Fact.MR, the global market for SiC & GaN power semiconductor is likely to experience strong growth during 2017-2026. The global market for SiC & GaN power semiconductor is also estimated to bring in US$ 2,986.3 million revenue. Introduction of technically advanced devices with better power capacity is driving the market for SiC & GaN power semiconductor.

5 Forecast Highlights on Global SiC & GaN Power Semiconductor Market

1. Asia Pacific Excluding Japan (APEJ) to emerge as the dominating region in the global SiC & GaN power semiconductor market. By the end of 2026, APEJ is projected to bring in more than US$ 2,200 million revenue. Increasing demand for mobile devices, the presence of the key companies are some of the factors driving the demand for SiC & GaN to power semiconductor in the region.

2. Meanwhile, Japan followed by Europe are also likely to see the significant growth in the coming years. Technological advancements in the regions are driving the market growth.

3. SiC is expected to witness significant growth during the forecast period. By the end of 2026, SiC as a material to power semiconductor is projected to exceed US$ 2,400 million revenue.

4. Compared to the various components, discrete SiC power devices are anticipated to witness growth. Discrete SiC power devices are projected to reach the value of nearly US$ 2,000 million revenue towards the end of 2026.

5. SiC & GaN power semiconductor is expected to be used largely in power supplies during the forecast period 2017-2026. By the end of 2026, power supplies are projected to bring in more than US$ 800 million revenue.

SiC & GaN power semiconductor to Find Largest Application in Power Supplies

SiC & GaN power semiconductor is likely to find the largest application in Power supplies between 2017 and 2026. Power supplies are estimated to create an incremental opportunity above US$ 700 million between the forecast period from 2017 to 2026. Increasing demand renewable energy is resulting in the development of power semiconductor devices. Moreover, Silicon Carbide and Gallium Nitride are considered suitable for power semiconductor devices as it helps in reducing on-state resistance and miniaturizing the size of power devices.

SiC to Emerge as the Highly Preferred Material for Semiconductor

Compared to Gallium Nitride (GaN), silicon carbide (SiC) is likely to emerge as the highly preferred material. By 2026 end, SiC is estimated to surpass US$ 2,400 million revenue. Silicon Carbide is helping devices to achieve high energy conversion function, power consumption, and fast charging. SiC power semiconductor devices are being used in devices with high power capacity. Whereas, GaN is used in medium to low power capacity.

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Discrete SiC Power Devices to Gain Maximum Traction in the Market

On the basis of components, discrete SiC power devices are likely to gain traction in the market from 2017 to 2026. Discrete SiC power devices are estimated to surpass US$ 1,900 million revenue towards 2026 end. Meanwhile, SiC power modules are also likely to achieve strong growth through 2026. SiC power devices is emerging as the most viable option for next-generation semiconductor elements due to its high frequency, high voltage performance and high temperature.

Table of Content:

1. Global Economic Outlook

2. Global SiC & GaN Power Semiconductor Market – Executive Summary

3. Global SiC & GaN Power Semiconductor Market Overview
3.1. Introduction
3.1.1. Global SiC & GaN Power Semiconductor Market Taxonomy
3.1.2. Global SiC & GaN Power Semiconductor Market Definition
3.2. Global SiC & GaN Power Semiconductor Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global SiC & GaN Power Semiconductor Market Y-o-Y Growth
3.3. Global SiC & GaN Power Semiconductor Market Dynamics
3.4. Supply Chain
3.5. Cost Structure
3.6. PESTLE Analysis
3.7. Product Lifecycle
3.8. List of Distributors
3.9. Key Participants Market Presence (Intensity Map) By Region

4. Global SiC & GaN Power Semiconductor Market Analysis and Forecast 2012-2026
4.1. Global SiC & GaN Power Semiconductor Market Size and Forecast By Material Type, 2012-2026
4.1.1. SiC Market Size and Forecast, 2012-2026
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region

Continued….

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