Gan And Sic Power Semiconductor Market Competitive Survey and Growth Factor Analysis | Omega Semiconductors, Diodes Incorporated, Fuji Electric, Infineon Technologies AG, Microsemi Corporation, Mitsubishi Electric

Europe GaN and 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.

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. According to a study conducted by Global Market Insights, the GaN and 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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PV inverters play an indispensable role in converting sunlight into electricity as the SiC embedded PV inverters propels the system efficiency and incurs lower switching losses. Experts opine that use of SiC devices for the PV inverter applications ameliorates the power density by reducing heat dissipation and size of passive components.

Sustained efforts by countries such as India and China to increase the use of renewable energy have instilled confidence among preeminent players in GaN and SiC power conductor market. The Government of India announced in September 2019 that India erected 195 solar panels on the terrace of UN. Meanwhile, according to the Ministry of New and Renewable Energy in India, the country of 1.3 billion population is gearing to have 175 GW solar energy in 2022.

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.

The key players operating in the GaN and SiC power semiconductor 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.

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Partial Chapter of the Table of Content
Chapter 5 GaN and 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 and 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 GaN and SiC Power Semiconductor Market estimates and forecast, 2016 - 2027
6.6 Traction

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