Press release
5N Grade Type Gallium Oxide Market to Create US$ 13.2 Mn Opportunity by 2030
Rapid advancements in the semiconductor industry have helped increasing the potential of gallium oxide. Gallium oxide is mostly used in the manufacturing of gallium oxide substrates.For detailed insights on enhancing your product footprint, request for a sample here - https://www.factmr.com/connectus/sample?flag=S&rep_id=2027&utm_source=openpr&utm_medium=Prasad
Currently, gallium substrates formed from oxide are used for research & development activities by academic & research institutes for making more technologically sound products. With a rapidly growing semiconductor industry, the gallium oxide market too will witness strong growth over the coming years.
The gallium oxide market is dependent and progressing on the back of investments in the electronics sector, especially in the semiconductor industry. For instance, AGC invested in Novel Crystal Technology, which accelerated the commercialization of the product, ultimately leading to more demand for gallium oxide.
Fact.MR predicts that the global gallium market will race ahead and reach a valuation of US$ 28.6 Mn by the end of 2030.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=2027&utm_source=openpr&utm_medium=Prasad
Key Takeaways from Global Gallium Oxide Market Study
• The global gallium oxide market is anticipated to add 2.8X value in 2030 as compared to 2020.
• 5N type grade captures near 66% of the global gallium oxide market, and is set to create US$ 13.2 Mn opportunity by 2030.
• Emerging uses of gallium oxide in power electronics, ultraviolet LEDs, and ultraviolet detectors will propel growth of the market.
• Substrate application is set to dominate market revenue in 2020, and is expected to expand at a healthy CAGR of 9% through 2030.
• Beta-gallium oxide substrate is set to dominate the product segment, and is expected to reach US$ 27.8 Mn by 2030.
• Asia Pacific holds a leading share in the global gallium oxide market, of which, Taiwan captures a lion’s share of this regional market.
• With lockdowns in place, the COVID-19 pandemic is expected to have a moderate effect on the growth of the global gallium market, at least in the short term.
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/2027?utm_source=openpr&utm_medium=Prasad
Gallium Oxide Market: Segmentation
Fact.MR has studied the gallium oxide market with detailed segmentation on the basis of grade, product, application, and key regions.
Grade
• 4N
• 5N
• 6N and Above
Product
• Alpha-Gallium Oxide
• Beta-Gallium Oxide
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2020/03/27/2007685/0/en/Coated-Glass-Market-on-a-Robust-Growth-Trail-Architectural-Applications-Accentuate-Profitability-Reports-Fact-MR.html
Price Factor to Deter New Entrants
Gallium oxide is a very rare material, and is composed of naturally occurring materials such as coal, among others. Gallium oxide production does not work on obsolete technologies; new technologies are adopted by players to meet demand in the market. Most of the technologies are patented, and as of now, new players need to invest high capital on technology and infrastructure, which is not feasible for them as far as entering this market space is concerned.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/1780/global-gallium-oxide-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 5N Grade Type Gallium Oxide Market to Create US$ 13.2 Mn Opportunity by 2030 here
News-ID: 2340119 • Views: …
More Releases from Fact.MR
Demand for Dry Powder Inhalers is forecasted to reach a market value of US$ 2.2 …
The global dry powder inhaler (DPI) market is estimated to be worth US$ 1.1 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 7.2% to reach a valuation of US$ 2.2 billion by the end of 2034, according to a comprehensive study conducted by Fact.MR.
Download Sample Copy of This Report@ https://www.factmr.com/connectus/sample?flag=S&rep_id=7083
The demand for dry powder inhalers is expected to rise due to the…
Global ISO Certification Market is projected to expand at a CAGR of 15.2% from 2 …
According to a recently released Fact.MR analysis, the global market for ISO certification is expected to be valued at US$ 16.14 billion by 2024. By the end of 2034, revenue from ISO certification is expected to grow at a 15.2% compound annual growth rate and reach a market valuation of US$ 66.25 billion.
In order to prove compliance with environmental, quality, or information security rules, a variety of sectors require ISO…
Gluten-free Bakery Products Market is expected to grow at a CAGR of 9.8% from 20 …
The gluten-free bakery products market is a dynamic sector influenced by various factors such as consumer dietary preferences, health trends, and advancements in food technology. As awareness of celiac disease and gluten sensitivities grows, so does the demand for gluten-free alternatives in baked goods.
Download Sample Copy of This Report@ https://www.factmr.com/connectus/sample?flag=S&rep_id=3035
Gluten is a protein fraction generated from wheat, rye, barley, oats, and their derivatives and hybrids. It is an essential part…
Pet Grooming Services Market is projected to expand at a CAGR of 7.2% from 2024 …
The global pet grooming services market is anticipated to rise at a compound annual growth rate (CAGR) of 7.2%, from a value of US$ 3.3 billion in 2024 to US$ 6.7 billion by the end of 2034, according to the most recent market research analysis published by Fact.MR.
Pets are now considered members of the family by many. Pet owners want the best for their furry pals, just as much as…
More Releases for Gallium
Gallium Oxide (Ga2O3) Market 2022 | Detailed Report
The Gallium Oxide (Ga2O3) report compiles the market information depending upon market development and growth factors, optimizing the growth path. In addition, it highlights the strategies and market share of the leading vendors in the particular market. The report follows a robust research methodology model that helps to make informed decisions. It obtains both qualitative and quantitative market information supported by primary research.
The Gallium Oxide (Ga2O3) research report recognizes and…
Gallium Nitride (GaN) Epiwafers Market 2021 | Detailed Report
Global Gallium Nitride (GaN) Epiwafers Market 2021-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.
Get Free Sample PDF (including full TOC, Tables…
2021 Global Electronic Warfare Market By Technologies (Gallium Nitride (GAN), Si …
Electronic warfare is a military action involving the use of electromagnetic energy to reduce, determine, or prevent the aggressive use of the electromagnetic spectrum by the enemy. It includes a variety of products like a decoy, countermeasure systems, jammers, directed weapons, and antennas. The main applications of electronic warfare include surveillance, defense, and collision avoidance, attack, and military sector.
Some of the key players profiled in the Electronic Warfare include ASELSAN,…
Major Trends in Gallium Nitride Semiconductor Device
The gallium nitride semiconductor device market is expected to reach USD 22.47 billion by 2023 from USD 16.50 billion in 2016, at a CAGR of 4.6% from 2017 to 2023.
https://www.marketsandmarkets.com/Market-Reports/gallium-nitride-gan-semiconductor-materials-devices-market-698.html
How is the potential use of GaN in 5G infrastructure expected to act as an opportunity for the market?
With the commercial launch of 5G by 2021, several major countries such as the US, Japan, South Korea, the UK, Germany, and…
Gallium Aluminum Arsenide Global Market Research Report 2025
Gallium Aluminum Arsenide Report by Material, Application, and Geography Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).
Access more details about this report at: https://www.research2reports.com/report-chemical/gallium-aluminum-arsenide-market/81405
The report firstly introduced the Gallium Aluminum Arsenide basics: definitions, classifications, applications and…
Gallium Market: Competitive Dynamics & Global Outlook 2023
New report published by Market Research Report Store (MRRS) which offers insights on the global Gallium market.
Gallium Arsenide (GaAs) is a compound semiconductor: a mixture of two elements, Gallium (Ga) and Arsenic (As). Gallium is a byproduct of the melting of other metals, notably aluminum and zinc, and is rarer than gold. Arsenic is not rare, but it is poisonous.
Gallium arsenide (GaAs) is a compound of the elements gallium…
