GaN-Based Power Supply Adapter Market Size
What Is the Expected Size and Growth Rate of the GaN-Based Power Supply Adapter Market?
In recent times, the size of the Gallium Nitride (GaN) based power supply adapter market has seen robust expansion. The market, which stood at $1.03 billion in 2024, is projected to increase to $1.1 billion in 2025, yielding a compound annual growth rate (CAGR) of 7.0%. Numerous factors have contributed to this growth in the historic period, including a surge in demand for more efficient, lightweight power adapters, increased uptake of renewable energy sources, stringent government regulations favoring energy-saving technologies, a rise in consumer requirement for swift charging times, and an escalated count of smart home devices.
In the coming few years, the market size of GaN-based power supply adapters is predicted to undergo significant growth, escalating to $1.43 billion by 2029, with a compound annual growth rate (CAGR) of 6.7%. A surge in demand for energy-saving power supply gadgets, a growing inclination for multi-port power chargers, a rising need for lightweight multi-part adapters with quick charging, and increased usage of power-demanding electronic devices contribute to this projected growth in the forecasted period. Advanced technology, the integration of 5G, IoT devices, smart homes, and wearable devices, are also expected to be major trends in this period.
What Are the Key Drivers Behind the Growth of the GaN-Based Power Supply Adapter Market?
The surge in demand for electric vehicle (EV) charging spots is predicted to drive the expansion of the GaN-based power supply adapter market. EV charging stations, also known as charging points or EV chargers, provide the means for electric vehicles to replenish their batteries. The escalated demand for EVs arises from increased sales, diverse model choices, city expansion, corporate fleet assimilation, and environmental rules. GaN-based power supply adapters improve the efficiency and performance of EV charging stations through their superior efficiency, smaller size, rapid charging ability, sophisticated thermal management, reliability, and future-ready design. These benefits lead to improved overall performance and reduced operational expenses for EV charging frameworks. For example, in March 2024, the US Department of Energy Alternative Fuels Data Center, a governmental department in the US, reported an increase in US public and private EV charging ports, from 151,273 million units in 2022 to 184,098 units in 2023. Hence, the growing demand for EV charging stations is fueling the expansion of the GaN-based power supply adapter market.
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Which Leading Companies Are Shaping the Growth of the GaN-Based Power Supply Adapter Market?
Major companies operating in the GaN-based power supply adapter market are Sumida Corporation, Verizon Communications Inc., Xiaomi Corporation, Navitas Semiconductor, Arrow Electronics Inc., Texas Instruments Incorporated, AsusTek Computer Inc., Infineon Technologies AG, Analog Devices Inc., Nexperia BV, Digi-Key Electronics, Chicony Power Technology Co. Ltd., Power Integrations, Belkin International Inc., GaN Systems Inc., Weltrend Semiconductor Inc., CUI Global Inc., Yole Group, Transphorm Inc., Baseus, Efficient Power Conversion Corporation, RAVPower, VisIC Technologies Ltd., Finepower GmbH, Anker Innovations Limited, Chargeasap Pvt Ltd., Innoscience Technology
What Are the Major Trends Shaping the GaN-Based Power Supply Adapter Market?
Leaders in the GaN-based power supply adapter industry are directing effort towards a surge in technological innovations such as GAN-based notebook adapter resolutions in order to amplify performance, efficiency, and sustainability for notebook power provision. These GaN-based notebook adapters symbolize a breakthrough technology solution suitable for laptops and various other portable gadgets. For example, in August 2023, Infineon Technologies, a semiconductor manufacturer based in Germany, alongside Chicony Power Tech Co., a company based in Taiwan, ventured on a joint enterprise to create GAN-based PD3.1 notebook adapter resolutions. This cutting-edge adapter series employs Infineon’s CoolGaN and CoolMOS technology and is capable of delivering up to 240 watts. This pronouncedly ascends from the fixed 100 watts in the USB 3.0, promising elevated power density and curtailed energy waste and greenhouse gas release, thus fostering more efficacious and low-carbon power solutions for high-performance notebooks.
What Are the Key Segments of the GaN-Based Power Supply Adapter Market?
The GaN-based power supply adapter market covered in this report is segmented –
1) By Type: Less Than 100W, 100-160W, 160-200, More Than 200W
2) By Port: 1 Port Power Charger, 2 Port Power Charger, MultiPort Power Charger
3) By Application: Computers And Laptops, Mobile Phones And Wearables, Other Consumer Electronics, Automotive, Industrial Products, Other Applications
Subsegments:
1) By Less Than 100W: Compact Gan Power Adapters For Mobile Devices, Small Gan Chargers For Laptops And Tablets, Usb-C Gan Adapters For Personal Electronics
2) By 100-160w: Gan Power Adapters For Laptops And Gaming Laptops, Gan Power Supplies For Consumer Electronics, Medium-Power Gan Adapters For Audio Or video Equipment
3) By 160-200w: Gan Power Adapters For High-Power Laptops, Gan Power Supplies For Electric Tools And Appliances, Mid-Power Gan Adapters For Networking Equipment
4) By More Than 200w: High-Power Gan Adapters For Servers And Data Centers, Gan Power Supplies For Industrial Equipment, Gan Chargers For Electric Vehicles (EVS) And High-Power Electronics
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Which Region Dominates the GaN-Based Power Supply Adapter Market?
North America was the largest region in the GaN-based power supply adapter market in 2023. The regions covered in the GaN-based power supply adapter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The GaN-Based Power Supply Adapter Global Market Report?
– Market Size Analysis: Analyze the GaN-Based Power Supply Adapter Market size by key regions, countries, product types, and applications.
– Market Segmentation Analysis: Identify various subsegments within the GaN-Based Power Supply Adapter Market for effective categorization.
– Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
– Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
– Market Contribution: Evaluate contributions of different segments to the overall GaN-Based Power Supply Adapter Market growth.
– Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
– Industry Challenges: Analyze challenges and risks affecting the GaN-Based Power Supply Adapter Market.
– Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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