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GaN-based Power Supply Adapter Market to Observe Strong Development by 2030, Says TMR

11-25-2021 01:20 PM CET | IT, New Media & Software

Press release from: Transparency Market Research

GaN-based Power Supply Adapter

GaN-based Power Supply Adapter

GaN-based Power Supply Adapter Market: Introduction

Transparency Market Research delivers key insights on the global GaN-based power supply adapter market. In terms of revenue, the global GaN-based power supply adapter market is estimated to expand at a CAGR of 5.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global GaN-based power supply adapter market.

The global GaN-based power supply adapter market is broadly affected by several factors, including increasing usage of GaN-powered devices in the global market, rising demand for energy-efficient power supply devices, and heavy investments in the electrical and electronics product sector. Thus, expanding applications of GaN-based power supply adapters in different sectors is propelling the global GaN-based power supply adapter market.

Get full report details at https://www.transparencymarketresearch.com/ganbased-power-supply-adapter-market.html

GaN-based Power Supply Adapter Market: Dynamics

According to studies, it has been found that on an average, most homes have 5 to 10 devices that use power supply adapters, such as cordless phones, mobile phones, answering machines, hair dryers, and various others products. All these equipment can now be used with GaN-based power supply adapters. Internal power supplies are more prevalent in devices that have greater power requirements, typically more than 15 watts. Such devices include computers, televisions, office copiers, and stereo components. Most internal power supply models use more efficient designs called switching or switch-mode power supplies. As per the demand of customers, manufacturers are designing power supply devices that confirm energy efficiencies of 50% to 90%, yielding wide variations in power use among similar products. These GaN-based power adapters have improved efficiency, decreased size, and reduced weight. Investment in power supply adapters and other electronic devices is increasing constantly. Manufacturers are investing heavily in electronics and communication sectors, attributing to a new era of telecommunications, where various new and technologically advanced products are being manufactured. These factors are expected to impact the power supply adapters market.

The economic growth of electrical, electronic, and communication products is also expected to drive the market for GaN-based power supply adapters. Various companies have announced investments in electronics and automotive part manufacturing to fulfil the needs of end users. In August 2018, Samsung announced plans to boost investment in businesses that will drive its future growth, committing to an approximately US$ 21 Bn investment over the next three years, primarily led by Samsung Electronics, in the areas of artificial intelligence (AI), 5G, automotive electronics components, and biopharmaceuticals. As investments in all these sectors is on the rise, new products will require switching power supply equipment. Hence, this will moderately boost the GaN-based power supply adapter market.

In the GaN-based power supply adapter market, some factors are expected to hamper the market, one of them being complexity and cost associated with the production process of GaN-based power supply adapters; although in the upcoming years, GaN-based power supply adapters are anticipated to cost less with the ongoing innovations.

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GaN-based Power Supply Adapter Market: Prominent Regions

The GaN-based power supply adapter market in North America is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and growth of consumer electronics and industrial automation in the region. The GaN-based power supply adapter market in Europe is projected to witness favorable growth during the forecast period due to significant rise in industrial activities and expansion of the automotive sector in the region. The Asia Pacific GaN-based power supply adapter market is likely to expand during the forecast period, owing to the presence of a large number of players designing and producing power supplies.

GaN-based Power Supply Adapter Market: Key Players

Key players operating in the global GaN-based power supply adapter market are ADG, AsusTek Computer Inc., Anker Innovations Limited, Belkin International, Inc., CUI Inc., Finepower GmbH, GaN Systems, Baseus, CHARGEASAP, G-Power Technology Co., Ltd, Verizon, RAVPower, and Xiomi, among others.

Increase in Demand for Energy-efficient Power Supply Devices: A Key Driver of GaN-based Power Supply Adapter Market

Although nearly all home electronic products and office equipment plug directly into wall outlets and draw 120 volts of alternating current (AC), most of their circuitry is designed to operate at a much lower voltage of direct current (DC). The devices that perform that conversion are called power supply adapters.

According to studies, on an average, most homes have 5 to 10 devices that use power supply adapters, such as cordless phones, mobile phones, and answering machines, hair dryers, and various other products. All these equipment can now be used with the GaN based power supply adapters.

Buy Exclusive Report here https://www.transparencymarketresearch.com/checkout.php?rep_id=81470<ype=S

Internal power supplies are more prevalent in devices that have greater power requirements, typically more than 15 watts. Such devices include computers, televisions, office copiers, and stereo components. Most internal power supply models use somewhat more efficient designs called switching or switch-mode power supplies.

As per the demand of customers, manufacturers are designing power supply devices that confirm energy efficiencies of 50% to 90%, yielding wide variations in power use among similar products. These GaN-based power adapters have improved efficiency, decreased size, and reduced weight.

Hence, the increasing demand for energy-efficient power supply devices has a positive impact on the GaN-based power supply adapter market and the impact is expected to be high during the forecast period

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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