Press release
GaN-Based Power Supply Adapter Market Insights 2024: Enhancing Energy Efficiency in Electronics
GaN-Based Power Supply Adapter Market Insights
The new report published by The Business Research Company, titled GaN-Based Power Supply Adapter Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the GaN-based power supply adapter market size has grown strongly in recent years. It will grow from $0.97 billion in 2023 to $1.03 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The GaN-based power supply adapter market size is expected to see strong growth in the next few years. It will grow to $1.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
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What Is Driving The Growth Of The Global GaN-Based Power Supply Adapter Market?
Growth Of GaN-Based Power Supply Adapter Market Driven By Rising Demand For Quick Charging Solutions
The increase in demand for electric vehicles (EVs) charging stations is expected to propel the growth of the GaN-based power supply adapter market. Electric vehicle (EV) charging stations, often called charging points or EV chargers, are facilities where electric vehicles can recharge their batteries. The increase in demand for electric vehicles (EVs) is due to growing sales, expanded model options, urbanization, corporate fleet adoption, and environmental regulations. GaN-based power supply adapters enhance the performance and efficiency of EV charging stations through their high efficiency, compact size, fast charging capabilities, advanced thermal management, reliability, and future-proof design. These advantages contribute to better overall performance and lower operational costs for EV charging infrastructure. For instance, in March 2024, according to the Department of Energy Alternative Fuels Data Center, a US-based government department, the US public and private electric car charging ports increased from 151,273 million units in 2022 to 184,098 units in 2023. Therefore, the increase in demand for electric vehicles (EVs) charging stations is driving the growth of the GaN-based power supply adapter market.
What Is The Key Trend In The Global GaN-Based Power Supply Adapter Market?
Advancements In GaN-Based Power Supply Adapters
Major companies operating the GaN-based power supply adapters market are focusing on developing technological advancements, such as GAN-based notebook adapter solutions, to provide high performance, efficiency, and sustainability in notebook power delivery. GaN-based notebook adapters represent an advanced technology solution for powering laptops and other portable devices. For instance, in August 2023, Infineon Technologies, a Germany-based semiconductor manufacturing company, and Chicony Power Tech Co., a Taiwanese-based company, collaborated to develop GAN-based PD3.1 notebook adapter solutions. The new adapter series, which utilizes Infineon's CoolGaN and CoolMOS technology, can deliver up to 240 watts, significantly increasing from the 100 watts defined in USB 3.0. offers increased power density and reduced energy loss and greenhouse gas emissions, enabling more efficient and sustainable power solutions for high-performance notebooks.
How Is The Global GaN-Based Power Supply Adapter Market Segmented?
The GaN-based power supply adapter market covered in this report is segmented -
1) By Type: Less Than 100W, 100-160W, 160-200, More Than 200W
2) By Port: 1 Port Power Charger, 2 Port Power Charger, MultiPort Power Charger
3) By Application: Computers And Laptops, Mobile Phones And Wearables, Other Consumer Electronics, Automotive, Industrial Products, Other Applications
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How Is The Competitive Landscape Of The Global GaN-Based Power Supply Adapter Market?
Major companies operating in the GaN-based power supply adapter market are Sumida Corporation, Verizon Communications Inc., Xiaomi Corporation, Navitas Semiconductor, Arrow Electronics Inc., Texas Instruments Incorporated, AsusTek Computer Inc., Infineon Technologies AG, Analog Devices Inc., Nexperia BV, Digi-Key Electronics, Chicony Power Technology Co. Ltd., Power Integrations, Belkin International Inc., GaN Systems Inc., Weltrend Semiconductor Inc., CUI Global Inc., Yole Group, Transphorm Inc., Baseus, Efficient Power Conversion Corporation, RAVPower, VisIC Technologies Ltd., Finepower GmbH, Anker Innovations Limited, Chargeasap Pvt Ltd., Innoscience Technology
Contents Of The Global GaN-Based Power Supply Adapter Market
1. Executive Summary
2. GaN-Based Power Supply Adapter Market Report Structure
3. GaN-Based Power Supply Adapter Market Trends And Strategies
4. GaN-Based Power Supply Adapter Market - Macro Economic Scenario
5. GaN-Based Power Supply Adapter Market Size And Growth
…..
27. GaN-Based Power Supply Adapter Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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