Driving GaN And SiC Power Semiconductor Market Growth in 2025: The Role of The Role Of Gan And Sic Power Semiconductors In The Electric Vehicle Revolution

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GaN And SiC Power Semiconductor Market Size Growth Forecast: What to Expect by 2025?
In recent years, the market size for GaN and SiC power semiconductors has exponentially increased. It is projected to escalate from a value of $1.42 billion in 2024 to $1.71 billion in 2025, marking a compound annual growth rate (CAGR) of 20.3%. Factors contributing to the growth during the historic period include demands for energy efficiency, the industry's need for high-power applications, trends towards miniaturization and higher frequencies, as well as improvements in temperature and voltage handling, alongside increased cost competitiveness over time.

How Will the GaN And SiC Power Semiconductor Market Size Evolve and Grow by 2029?
The market for GaN and SiC power semiconductors is predicted to experience a fast-paced expansion over the coming years, increasing its value to $3.43 billion by 2029 with an annual growth rate of 19.1%. The projected growth during this time frame can be ascribed to a surge in demand for electric vehicles, further development of renewable energy, the broadening of 5G and telecommunications, industrial automation, IoT and a flourishing consumer electronics market. Key trends anticipated during this period comprise heightened integration in the automotive sector, a greater emphasis on environmental sustainability and energy efficiency, along with innovation and miniaturization in high-frequency operation and consumer electronics.

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What Drivers Are Propelling the Growth of GaN And SiC Power Semiconductor Market Forward?
The GaN and SiC power semiconductor market is poised to grow due to the increasing penetration of electric vehicles. Electric vehicles, which use an electric motor powered by a battery that can be externally charged, utilize gallium nitride power semiconductors for high-efficiency power transistors and integrated circuits. In electric vehicles, SiC power semiconductors are favored over silicon due to their superior breakdown electric field strength, which is 10 times higher, and a three-time greater band gap. For instance, in June 2024, a report by the France-based International Energy Agency (IEA) revealed that energy efficiency investment surged to USD 600 billion in 2022, a 16% increase, stimulated by governmental programs. Global heat pump sales increased over 10% and close to 40% in Europe, while 14% of global car sales were electric vehicles, a figure projected to climb to 18% in 2023. The growing prevalence of electric vehicles is thus fueling demand in the GaN and SiC power semiconductor market.

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Which Emerging Trends Are Transforming the GaN And SiC Power Semiconductor Market in 2025?
The rising trend in the GaN & SiC power semiconductor market is significantly influenced by technological innovations. To maintain a strong presence in the market, leading companies are emphasizing the development of advanced technological solutions. For example, Infineon Technologies, a semiconductor manufacturing firm based in Germany, introduced its expanded CoolSiC portfolio in May 2022. This high-tech silicon carbide (SiC) chip, featuring high-voltage solutions, is predicted to set the groundwork for the next generation. The new 2 kV CoolSiC technology by the company provides low drain-source on resistance. Compared to 1700 V SiC MOSFETs, this method delivers a FIT rate that is ten times lower due to cosmic rays, and facilitates suitable overvoltage tolerance. The wide range of operational gate voltage makes these devices easy to handle.

What Are the Key Segments in the GaN And SiC Power Semiconductor Market?
The GaN And SiC power semiconductor market covered in this report is segmented -

1) By Product: SiC Power Module, GaN Power Module, Discrete SiC, Discrete GaN
2) By Application: Power Supplies, Industry Motor Drives, Hybrid Or Electric Vehicles (H Or EVs), Photovoltaic Inverters, Traction, Other Applications
3) By Distribution Channel: Direct, Indirect

Subsegments:
1) By SiC Power Module: Half-Bridge Modules, Full-Bridge Modules, Multilevel Modules
2) By GaN Power Module: Integrated Power Modules, High-Frequency Modules
3) By Discrete SiC: SiC MOSFETs, SiC Schottky Diodes, SiC JFETs
4) By Discrete GaN: GaN HEMTs, GaN FETs

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Who Are the Key Players Shaping the GaN And SiC Power Semiconductor Market's Competitive Landscape?
Major companies operating in the GaN And SiC power semiconductor market include NXP Semiconductors N.V., Alpha & Omega Semiconductor Limited, Fuji Electric Systems Co. Ltd., Infineon Technologies AG, Littelfuse Inc., Microchip Technology Incorporated, Mitsubishi Electric Corporation, Renesas Electronics Corporation, ROHM Co. Ltd., STMicroelectronics N.V., Transphorm Inc., GeneSiC Semiconductor Inc., Wolfspeed Inc., VisIC Technologies Ltd., Panasonic Holdings Corporation, GaN Systems Inc., SEMIKRON International GmbH, Sanken Electric Co. Ltd., Epiluvac AB, IQE Plc, SweGaN AB, ON Semiconductor Corporation, Efficient Power Conversion Corporation, Navitas Semiconductor Corporation, Power Integrations Inc., Resonac Co. Ltd., SICC Semiconductor Corporation, Sumitomo Electric Industries Ltd., Showa Denko K.K.

What Geographic Markets Are Powering Growth in the GaN And SiC Power Semiconductor Market?
Asia-Pacific was the largest region in the GaN and SiC power semiconductor market in 2024. The regions covered in the gan and sic power semiconductor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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