GaN Adapters Market Size

Gallium Nitride (GaN) Adapters Market size was over USD 1.06 Billion in 2023 and is set to cross USD 2.32 Billion by the end of 2036, witnessing more than 6.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of gan adapters is estimated at USD 1.13 Billion.. The growth of the market can primarily be attributed to the growing energy consumption worldwide. For instance, the annually estimated to be approximately 580 million terajoules worldwide. Further, there is a growing need for rapid charging technologies that could offer 65W and more of charging power without overheating any devices. In the aftermarket, consumers were drawn in by the rising desire for contemporary charger designs with compact designs.

GaN is a semiconductor, a material with conductivity value between a conductor and an insulator. The rising demand for GaN adapter can be attributed to its efficacy to withstand higher voltages and conduct current much faster. Its efficiency for conducting current is 1000x better when compared to silicon. With the recent advancements and breakthrough in the technological industry as well as the increasing demand for GaN adapter amongst the smart phone users, is expected to create massive revenue generation opportunities for the key players operating in the global GaN adapters market during the forecast period. It was found that, between 2021 to 2022, more than 268 million smartphone users were added worldwide.