Market Overview:
The global wide band gap (WBG) power device market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The WBG power devices are used in various applications such as car, transportation, energy, industrial and consumption among others. The growth of the WBG power device market can be attributed to the increasing demand for these devices in various end-use industries. Additionally, the growing awareness about the benefits offered by WBG power devices is also contributing to the growth of this market. Some of the major factors that are expected to fuel the growth of this market include technological advancements and rising demand for energy-efficient products. However, high initial cost associated with these devices may hamper their adoption in some regions across the globe. On basis on type, GaN Power Devices segment accounted for largest share in 2017 and is projected grow at highest CAGR over next 10 years owing its advantages over silicon based counterparts such as higher efficiency levels and smaller form factor which makes it suitable for miniaturized applications .
 Power Device Industry Outlook.svg)
Product Definition:
Wide band gap (WBG) power devices are semiconductor devices that have a much wider energy bandgap than traditional silicon-based transistors. This allows them to operate at higher voltages and temperatures, making them ideal for use in high-power applications such as electric vehicles, lasers, and industrial motors.
GaN Power Devices:
Power devices based on GaN technology are expected to witness high growth over the forecast period. The primary factor responsible for this upsurge in demand is their ability to efficiently deliver higher power with reduced weight and size as compared to conventional technologies such as silicon-based or III-V semiconductors.
GaN Power Devices have applications across a wide range of sectors including defense & aerospace, automotive, consumer electronics, communications & networking and medical equipment.
SiC Power Devices:
Power devices based on silicon carbide (SiC) are expected to witness high growth over the forecast period owing to their ability of delivering higher power densities in a smaller space. SiC is one of the most efficient and powerful materials used for power devices. It has been gaining popularity as an alternative material for next-generation power devices such as RF amplifiers, switches, and filters mainly due to its high switching frequency and low gate leakage current.
Application Insights:
The consumption application segment dominated the global wide band gap power device market in terms of revenue share in 2017. The consumption applications include consumer electronics, telecommunication, and IT/ITeS sector. The consumer electronics segment is expected to be the fastest-growing application over the forecast period owing to increasing demand for high technology products from developing countries such as China and India.
The transportation sector accounted for a significant share in 2017 due to rising adoption of electric vehicles (EVs). Countries such as China are focusing on promoting production of EVs which is expected to drive demand over the forecast period. Furthermore, governments around the world are investing significantly in research & development activities with respect to energy storage systems using renewable sources including solar and wind energy along with geothermal sources which will further propel industry growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for power devices with high efficiency from various end-use industries in China, India, Japan, and South Korea. In addition, rising investments by governments in developing countries such as China and India are anticipated to fuel industry expansion over the next eight years.
The European region accounted for a significant revenue share of more than 25% owing to early technology adoption of wide band gap power devices by several key automotive manufacturers including BMW Group; Audi AG; Mercedes Benz AG; Volkswagen Group; Fiat Chrysler Automobiles N.V.; Ford Motor Company Europe GmbH & Co., Ltd.; Opel General Motors Company (Europe) Limited; Porsche Engineering GmbH & Co., Ltd.; Daimler AG (Mercedes); Bosch Software Innovations BV; Mahle Powertrain GmbH & Co., KGaA).
Growth Factors:
- Increasing demand for energy-efficient devices: The global market for WBG power devices is expected to grow at a CAGR of more than 10% from 2016 to 2021. This growth can be attributed to the increasing demand for energy-efficient devices, especially in the industrial and automotive sectors.
- Growing popularity of electric vehicles: Electric vehicles are becoming increasingly popular due to their low environmental impact and fuel efficiency. The market for WBG power devices is expected to grow at a CAGR of more than 15% from 2016 to 2021, owing to the growing demand for electric vehicles worldwide.
- Rising investment in renewable energy sources: Renewable energy sources such as solar and wind are becoming increasingly popular due to their environmental benefits and declining costs of installation and operation. The market for WBG power devices is expected grow at a CAGR of more than 12% from 2016to 2021, owingto rising investment in renewableenergy sources globally .
Scope Of The Report
Report Attributes
Report Details
Report Title
Wide Band Gap (WBG) Power Device Market Research Report
By Type
GaN Power Devices, SiC Power Devices
By Application
Car, Transportation, Energy, Industrial, Consumption, Others
By Companies
Infineon, Rohm, Mitsubishi, STMicro, Fuji, Toshiba, Microchip Technology, Cree, United Silicon Carbide Inc, GeneSic, Efficient Power Conversion (EPC), GaN Systems, VisIC Technologies, Transphorm
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Wide Band Gap (WBG) Power Device Market Report Segments:
The global Wide Band Gap (WBG) Power Device market is segmented on the basis of:
Types
GaN Power Devices, SiC Power Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Car, Transportation, Energy, Industrial, Consumption, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Infineon
- Rohm
- Mitsubishi
- STMicro
- Fuji
- Toshiba
- Microchip Technology
- Cree
- United Silicon Carbide Inc
- GeneSic
- Efficient Power Conversion (EPC)
- GaN Systems
- VisIC Technologies
- Transphorm
 Power Device Market Overview.svg)
Highlights of The Wide Band Gap (WBG) Power Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- GaN Power Devices
- SiC Power Devices
- By Application:
- Car
- Transportation
- Energy
- Industrial
- Consumption
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wide Band Gap (WBG) Power Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Power Device Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Wide Band Gap (WBG) power device is a type of electronic component that can be used to convert electrical energy into other forms of energy, such as heat or light. These devices are often used in solar panels and LED lights, because they allow more efficient use of the sun's rays and LEDs' shorter wavelengths.
Some of the major players in the wide band gap (wbg) power device market are Infineon, Rohm, Mitsubishi, STMicro, Fuji, Toshiba, Microchip Technology, Cree, United Silicon Carbide Inc, GeneSic, Efficient Power Conversion (EPC), GaN Systems, VisIC Technologies, Transphorm.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wide Band Gap (WBG) Power Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wide Band Gap (WBG) Power Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wide Band Gap (WBG) Power Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wide Band Gap (WBG) Power Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wide Band Gap (WBG) Power Device Market Size & Forecast, 2018-2028
4.5.1 Wide Band Gap (WBG) Power Device Market Size and Y-o-Y Growth
4.5.2 Wide Band Gap (WBG) Power Device Market Absolute $ Opportunity
Chapter 5 Global Wide Band Gap (WBG) Power Device Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Wide Band Gap (WBG) Power Device Market Size Forecast by Type
5.2.1 GaN Power Devices
5.2.2 SiC Power Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wide Band Gap (WBG) Power Device Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Wide Band Gap (WBG) Power Device Market Size Forecast by Applications
6.2.1 Car
6.2.2 Transportation
6.2.3 Energy
6.2.4 Industrial
6.2.5 Consumption
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wide Band Gap (WBG) Power Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wide Band Gap (WBG) Power Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Wide Band Gap (WBG) Power Device Analysis and Forecast
9.1 Introduction
9.2 North America Wide Band Gap (WBG) Power Device Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Wide Band Gap (WBG) Power Device Market Size Forecast by Type
9.6.1 GaN Power Devices
9.6.2 SiC Power Devices
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Wide Band Gap (WBG) Power Device Market Size Forecast by Applications
9.10.1 Car
9.10.2 Transportation
9.10.3 Energy
9.10.4 Industrial
9.10.5 Consumption
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Wide Band Gap (WBG) Power Device Analysis and Forecast
10.1 Introduction
10.2 Europe Wide Band Gap (WBG) Power Device Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Wide Band Gap (WBG) Power Device Market Size Forecast by Type
10.6.1 GaN Power Devices
10.6.2 SiC Power Devices
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Wide Band Gap (WBG) Power Device Market Size Forecast by Applications
10.10.1 Car
10.10.2 Transportation
10.10.3 Energy
10.10.4 Industrial
10.10.5 Consumption
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Wide Band Gap (WBG) Power Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wide Band Gap (WBG) Power Device Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Wide Band Gap (WBG) Power Device Market Size Forecast by Type
11.6.1 GaN Power Devices
11.6.2 SiC Power Devices
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Wide Band Gap (WBG) Power Device Market Size Forecast by Applications
11.10.1 Car
11.10.2 Transportation
11.10.3 Energy
11.10.4 Industrial
11.10.5 Consumption
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Wide Band Gap (WBG) Power Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Wide Band Gap (WBG) Power Device Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Wide Band Gap (WBG) Power Device Market Size Forecast by Type
12.6.1 GaN Power Devices
12.6.2 SiC Power Devices
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Wide Band Gap (WBG) Power Device Market Size Forecast by Applications
12.10.1 Car
12.10.2 Transportation
12.10.3 Energy
12.10.4 Industrial
12.10.5 Consumption
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Wide Band Gap (WBG) Power Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wide Band Gap (WBG) Power Device Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Wide Band Gap (WBG) Power Device Market Size Forecast by Type
13.6.1 GaN Power Devices
13.6.2 SiC Power Devices
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Wide Band Gap (WBG) Power Device Market Size Forecast by Applications
13.10.1 Car
13.10.2 Transportation
13.10.3 Energy
13.10.4 Industrial
13.10.5 Consumption
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wide Band Gap (WBG) Power Device Market: Competitive Dashboard
14.2 Global Wide Band Gap (WBG) Power Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Infineon
14.3.2 Rohm
14.3.3 Mitsubishi
14.3.4 STMicro
14.3.5 Fuji
14.3.6 Toshiba
14.3.7 Microchip Technology
14.3.8 Cree
14.3.9 United Silicon Carbide Inc
14.3.10 GeneSic
14.3.11 Efficient Power Conversion (EPC)
14.3.12 GaN Systems
14.3.13 VisIC Technologies
14.3.14 Transphorm
