GaN and SIC Power Semiconductors Market Size to reach $6290.7 Million by 2027

The global Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors market size is projected to reach US$ 6290.7 million by 2027, from US$ 750.4 million in 2020, at a CAGR of 35.5% during 2021-2027.

The power semiconductor is the core of electronic device electrical energy conversion and circuit control. In essence, it uses the unidirectional conductivity of the semiconductor to realize the function of power switch and power conversion. Whether it is hydropower, nuclear power, thermal power or wind power, or even the chemical energy provided by various batteries, most of them cannot be directly used. More than 75% of the electrical energy applications require power conversion by power semiconductor devices before they can be used by equipment.

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The major global manufacturers of gallium nitride and silicon carbide power semiconductors include Infineon, CREE (Wolfspeed), Roma Electronics, STMicroelectronics, ON Semiconductor, etc. Gallium nitride and silicon carbide power semiconductor manufacturers are mainly in Europe, America and Japan. Chinese manufacturers started late. Most domestic companies are in the early stage of research and development. The technology is relatively backward and the industry volume is small. There is a big gap with European, American and Japanese manufacturers.

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Global Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors Scope and Market Size

Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type

o Silicon Carbide Power Semiconductor
o Gallium Nitride Power Semiconductor

Segment by Application

o Consumer Electronics
o New Energy Grid Connection
o Rail
o Industrial Motor
o Ups Power Supply
o New Energy Vehicles
o Other

BY COMPANY

o Infineon
o CREE (Wolfspeed)
o Roma Semiconductor Group
o STMicroelectronics
o ON Semiconductor
o Mitsubishi Electric
o Fuji Electric
o Littelfuse
o Tyco Tianrun Semiconductor Technology (Beijing) Co., Ltd.
o Shenzhen Basic Semiconductor Co., Ltd.

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