Gallium Nitride and Silicon Carbide Power Semiconductors Market

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.

Gallium Nitride and Silicon Carbide Power Semiconductors Market contains market size and forecasts of Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors in Global, including the following market information:

Global Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors market was valued at 1045.8 million in 2021 and is projected to reach US$ 8102 million by 2028, at a CAGR of 34.0% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Silicon Carbide Power Semiconductor Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors include Infineon, CREE (Wolfspeed), Roma Semiconductor Group, STMicroelectronics, ON Semiconductor, Mitsubishi Electric, Fuji Electric, Littelfuse and Tyco Tianrun Semiconductor Technology (Beijing) Co., Ltd. and etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors Market Segment Percentages, by Type, 2021 (%)

Silicon Carbide Power Semiconductor

Gallium Nitride Power Semiconductor

Global Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors Market Segment Percentages, by Application, 2021 (%)

Consumer Electronics

New Energy Grid Connection

Rail

Industrial Motor

Ups Power Supply

New Energy Vehicles

Other

Global Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Gallium Nitride (GaN) and Silicon Carbide (SiC) Power Semiconductors revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Infineon

CREE (Wolfspeed)

Roma Semiconductor Group

STMicroelectronics

ON Semiconductor

Mitsubishi Electric

Fuji Electric

Littelfuse

Tyco Tianrun Semiconductor Technology (Beijing) Co., Ltd.

Shenzhen Basic Semiconductor Co., Ltd.