Global Wide-Bandgap (WBG) Power Semiconductor Devices Market, By Material (Diamond Substrate, Silicon Carbide (SIC), Zinc Oxide, Gallium Nitride (GAN), Others), Application (Renewable Energy, Automotive, Uninterruptable Power Supply, Industrial Motor Drives, Power Factor Correction, Others), End use Industry (Automotive, Energy and Utility, Industrial, Aerospace and Defense, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Wide-Bandgap (WBG) Power Semiconductor Devices Market
The wide-bandgap (WBG) power semiconductor devices market is expected to witness market growth at a rate of 54% in the forecast period of 2021 to 2028. Data Bridge Market Research report on wide-bandgap (WBG) power semiconductor devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Wide band gap power devices are made up of semiconductor material. These devices are small in size and offer dependable procedure in comparison to the silicon based counterparts. The semiconductor material permits the wide band gap power devices to function at higher voltages, frequencies, and temperatures. Wide band gap power devices are also utilized in several applications such as uninterruptable power supply, industrial motor drives, data centers, and power grid.
major factors that are expected to boost the growth of the wide-bandgap (WBG) power semiconductor devices market in the forecast period are the wide range of utilization due to its capacity to endure at high temperature, in the motor drive, the wide band gap material is favoured over the silicon based converter because of its added effectiveness and its lightweight in nature. Furthermore, the increase in the need for high-power density devices and the growing need for energy- efficient electronic product amongst the population are couple of factors propelling the growth of the wide-bandgap (WBG) power semiconductor devices market.
Moreover, the Wide band gap power devices are meaningfully utilized in the automobile, because they provide high performance which will further cushion the growth of the wide-bandgap (WBG) power semiconductor devices market. On the other hand, increase in the investment prices and the rise in the cost of the raw material such as silicon carbide (SIC) and gallium nitride (GAN) are further responsible for obstructing the growth of the wide-bandgap (WBG) power semiconductor devices market in the near future.
This wide-bandgap (WBG) power semiconductor devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the wide-bandgap (WBG) power semiconductor devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Wide-Bandgap (WBG) Power Semiconductor Devices Market Scope and Market Size
The wide-bandgap (WBG) power semiconductor devices market is segmented on the basis of type, application and end users vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of material, the wide-bandgap (WBG) power semiconductor devices market is segmented into diamond substrate, silicon carbide (SIC), zinc oxide, gallium nitride (GAN), others.
- On the basis of application, the wide-bandgap (WBG) power semiconductor devices market is segmented into renewable energy, automotive, uninterruptable power supply, industrial motor drives, power factor correction, others.
- On the basis of end use industry, the wide-bandgap (WBG) power semiconductor devices market is segmented into automotive, energy and utility, industrial, aerospace and defense, others
Wide-Bandgap (WBG) Power Semiconductor Devices Market Country Level Analysis
The wide-bandgap (WBG) power semiconductor devices market is analysed and market size, volume information is provided by country, type, application and end users vertical as referenced above.
The countries covered in the wide-bandgap (WBG) power semiconductor devices market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia Pacific dominates the wide-bandgap (WBG) power semiconductor devices market due to the rise in the automation sector. Furthermore, the continuous technological developments in the semiconductor industry will further boost the growth of the wide-bandgap (WBG) power semiconductor devices market in the region during the forecast period. North America is projected to observe significant amount of growth in the wide-bandgap (WBG) power semiconductor devices market due to the occurrence of major key players. Moreover, the increase in the demand for wide band gap power devices for the utilization in the electric and hybrid vehicle is further anticipated to further propel the growth of the wide-bandgap (WBG) power semiconductor devices market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Wide-Bandgap (WBG) Power Semiconductor Devices Market Share Analysis
The wide-bandgap (WBG) power semiconductor devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wide-bandgap (WBG) power semiconductor devices market.
The major players covered in the wide-bandgap (WBG) power semiconductor devices market report are Qorvo, Inc., United Silicon Carbide Inc., GaN Systems, STMicroelectronics, ROHM CO., LTD., Transphorm Inc., Cree Inc., Infineon Technologies AG, Ceramicforum Co., Ltd., KEMET, Keysight Technologies, AKHAN Semiconductor Inc., Alpha and Omega Semiconductor., Reedholm SystemsTexas Instruments Incorporated., Toshiba Corporation, Exagan., Semiconductor Components Industries, LLC, Microchip Technology Inc., Hitachi Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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