$1.2 Billion Global GaN Power Devices Market Assessment 2020-2027 - GaN Power ICs Adjusted to Grow at a Revised CAGR of 15.2% due to COVID-19

DUBLIN, July 22, 2020 /PRNewswire/ -- The "GaN Power Devices - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to this 6th edition of the report. The 213-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global GaN Power Devices Market to Reach US$1.2 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for GaN Power Devices estimated at US$413.1 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at a CAGR of 16.4% over the analysis period 2020-2027.

GaN Power Discrete Devices, one of the segments analyzed in the report, is projected to grow at a 13.8% CAGR to reach US$523.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the GaN Power ICs segment is readjusted to a revised 15.2% CAGR for the next 7-year period. This segment currently accounts for a 9.9% share of the global GaN Power Devices market.

The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 21% CAGR for the Period of 2020-2027

The GaN Power Devices market in the U.S. is estimated at US$111.4 Million in the year 2020. The country currently accounts for a 26.97% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$271.9 Million in the year 2027 trailing a CAGR of 20.9% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.9% and 14.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR while Rest of European market (as defined in the study) will reach US$271.9 Million by the year 2027.

GaN Power Modules Segment Corners a 38.8% Share in 2020

In the global GaN Power Modules segment, USA, Canada, Japan, China and Europe will drive the 18.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$120.6 Million in the year 2020 will reach a projected size of US$397 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$187.2 Million by the year 2027, while Latin America will expand at a 21.6% CAGR through the analysis period.

Competitors identified in this market include, among others:

• Ampleon Netherlands B.V.
• Analog Devices, Inc.
• Cree, Inc.
• Efficient Power Conversion Corporation
• Epigan N.V.
• Exagan
• GaN Systems, Inc.
• GaNPower International Inc.
• Infineon Technologies AG
• INTEGRA Technologies Limited
• MACOM Technology Solutions Holdings, Inc. (MACOM)
• Microsemi Corporation
• Mitsubishi Electric Corporation
• Navitas Semiconductor, Inc.
• Northrop Grumman Corporation
• Panasonic Corporation
• Polyfet RF Devices
• Qorvo, Inc.
• Qromis, Inc.
• Sumitomo Electric Industries Ltd.
• Texas Instruments, Inc.
• Transphorm Inc.
• VisIC Technologies Ltd.

Total Companies Profiled: 41

For more information about this report visit https://www.researchandmarkets.com/r/lr4wbl

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/1-2-billion-global-gan-power-devices-market-assessment-2020-2027---gan-power-ics-adjusted-to-grow-at-a-revised-cagr-of-15-2-due-to-covid-19--301097973.html

SOURCE Research and Markets