GaN Adapters Market Trends

  • Report ID: 4249
  • Published Date: Jun 24, 2024
  • Report Format: PDF, PPT

GaN Adapters Market Trends

Growth Drivers

  • Increase in the Number of Personal Computers (PC) - The consumers are looking forward for more compatible and quick charging options for their smart devices and personal computers and it is expected to rise the growth of the global GaN market. It was found that, in the year 2021, the global PC shipments recorded 15% hike as compared to 2020, with more than 340 million units’ PC including desktops, notebooks and workstations shipped globally.

  • Upsurge in the Number of Data-center – There is a need for more efficient, smaller power supplies technology owing to its stronger restrictions for energy consumption. The increasing number of data-centers is projected to increase the growth of the global GaN adapters. For instance, with the available data of 110 countries, approximately 8,000 data centers were found across globe in January 2021.

  • Rising Number of Electric Vehicles – requires more power-dense batteries, efficient electric motors, and new wide-bandgap semiconductor solutions for the entire powertrain. The increasing demand for EV is expected to propel the demand GaN adapters as it is a wide-bandgap material providing numerous advantages at the system level for better performance. According to the Global EV Outlook 2022 published by International Energy Agency technology by the end of 2021, there were approximately 16.5 million electric cars on the world’s roads.

  • Upsurge in the demand for Television – Requirement of high-efficiency power supplies of several hundred watts for the television is expected to drive the growth of the global GaN adapters market. In the year 2020, 8 million units of television sets were sold in United Kingdom.

  • Rising Demand for Ear-Buds – About 65% of people use wireless headphones at home against approximately 57% who use earphones. While using headphones outside, individuals choose wireless earbuds about 54% compare to approximately 44%.

Challenges

  • Market Domination by Silicon Products - Its decreased thermal conductivity compared to silicon is one drawback of gallium nitride. The thermal conductivity of silicon is just 1.5 W/cmK, while that of gallium nitride is 1.3 W/cmK. GaN's efficiency at comparable voltages actually reduces the thermal loads caused by the circuit, thus it would operate cooler than silicon even though it may not be as well-suited to manage high thermal loads. Therefore, silicon products are still dominant in the market. Hence, this factor is estimated to hinder the growth of the market.
  • Lack of Tailored Infrastructures for GaN -based Products
  • Huge Investment Required for Development of GaN Technology

Gallium Nitride (Gan) Adapters Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

6.2%

 Base Year Market Size (2023)    

USD 1.06 Billion

  Forecast Year Market Size (2036)    

USD 2.32 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Abhishek Verma


  • Report ID: 4249
  • Published Date: Jun 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of gan adapters is estimated at USD 1.13 Billion.

The 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. The growing energy consumption, increase in the number of smartphones as well as personal computers along with upsurge in the demand for consumer electronics are some of the major factors anticipated to drive the growth of the market.

North America is projected to hold largest industry share by 2036, on the back of technological advancement and innovations along with increasing expenditure on research & development in the region.

Belkin International, Inc, .Bel Fuse Inc., GaN Systems, Inc., Digi-Key Corporation, Lenovo, Texas Instruments Incorporated, Aten International Co., Ltd., Xiaomi Group, ADG, ASUSTek Computer Inc.
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