GaN-powered Chargers Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
GaN-powered Chargers Market in 2025 is assessed at USD 1.2 billion. The global market size was over USD 1.14 billion in 2024 and is set to experience a CAGR of over 6.1%, reaching USD 2.46 billion by 2037. North America is set to lead the industry, fueled by heavy investment in R&D and innovation in communication technologies.
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-powered chargers market during the forecast period. It was found that, between 2021 to 2022, more than 268 million smartphone users were added worldwide.
