GaN and SiC Power Semiconductor Market Size By Product (SiC Power Module, GaN Power Module, Discrete SiC, Discrete GaN), By Application (Power Supplies, Industrial Motor Drives, H/EV, PV Inverters, Traction), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Jun 2019  |  Report ID: GMI3375  |  Authors: Preeti Wadhwani, Shubhangi Yadav

Report Format: PDF   |   Pages: 150   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

GaN and SiC Power Semiconductor Market size valued at USD 400 million in 2018 and is expected to witness 30% CAGR between 2019 and 2025. Rapid growth and technological advancements in the semiconductor industry will drive the market growth.
 

The GaN and SiC power semiconductor devices are being extensively adopted for power supply equipment and the demand is further estimated to increase for charging infrastructure, rail traction, and renewable power, among others. The increasing need for power efficiency in automotive electronics and industrial applications is propelling the implementation of semiconductor materials & technologies, contributing towards the GaN and SiC power semiconductor market expansion.
 

GaN and SiC Power Semiconductor Market

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SiC MOSFETs and diodes offers high switching frequency and high-power density and are ideally suited for electric vehicle onboard chargers. The electric vehicles industry is observing rapid growth owing to the initiatives from several governments across the globe China has become a rapidly growing market for electric vehicles. According to the China Passenger Car Association, sales of electric vehicles increased by 118% in first quarter of 2019 compared to same period in 2018. Additionally, Tesla has invested USD 5 billion for its new manufacturing plant in China.
 

GaN and SiC Power Semiconductor Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 400 Million (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 30% 2025 Value Projection: 3 Billion (USD)
Pages: 150 Tables, Charts & Figures: 133
Geographies covered (15): U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, South Korea, Taiwan, Brazil, Mexico
Segments covered: Product, Application and Region
Companies covered (14): Alpha & Omega Semiconductor, Diodes Incorporated, Fuji Electric, Infineon Technologies, Littelfuse, Microsemi Corporation, Mitsubishi Electric, Nexperia Semiconductors, On Semiconductor, Renesas Electronics Corporation, Rohm Semiconductor, Sanken Electric Company, Semikron, Shindengen Electric Manufacturing Co. Ltd., STMicroelectronics
Growth Drivers:
  • Stronger capabilities of SiC and GaN over silicon
  • Rapid developments in the semiconductor industry
  • Growth of hybrid and electric vehicles market
  • Use of power devices in renewable energy applications
  • Research and development in Wide Band Gap Semiconductors (WBG) to drive growth in the U.S.
Pitfalls & Challenges:
  • Significant use of conventional silicon materials for manufacturing
  • High manufacturing cost

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Market, By Product

Global GaN and SiC power semiconductor market by product

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The SiC power modules segment is anticipated to register around 35% growth rate till 2025. These modules have emerged as important component in power applications due to their capabilities and features such as wider band gap, less thermal expansion, and ability to operate in different conditions due to hardness. These modules are hence being adopted over conventional silicon semiconductors and are contributing towards the GaN and SiC power semiconductor market growth. The limitations owing to material characteristics of conventional semiconductor materials have resulted in the growing implementation of SiC modules.
 

The GaN power modules also have a wider band gap, allowing them to sustain at wider voltages. The GaN power semiconductors consume very low power and can be fit in small areas, making them easy to integrate into application devices. The higher critical electric field of these modules make them preferred for power semiconductor applications. The GaN materials can be used at higher temperatures than the conventional silicon and have a wider band gap, making them highly suitable for critical environment applications.
 

Market, By Application

Power supplies and electric vehicle applications are predicted to witness substantial growth in the GaN and SiC power semiconductor market during the forecast timeline. Rising energy demand in the U.S. has created a need for system efficiency to cater the demand. The Wide Band Gap (WBG) devices help in reducing the loss of energy during power conversions. The demand for power supply is ever growing with wide application areas in consumer electronics and industrial applications. The need for energy-efficient materials in power supplies is adding to the growth of the market.
 

Another key application area influencing the GaN and SiC power semiconductor market growth is industrial motor drives. These power semiconductor devices play a significant role in driving motors, particularly in switching them from low to high speeds. The growing awareness for energy saving and reduction in power consumption in recent years has influenced the market demand on account of their low power consumption capabilities.
 

Market, By Region

Asia Pacific GaN and SiC power semiconductor market by region

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Asia Pacific GaN and SiC power semiconductor market will observe significant growth rate through 2025. The countries in APAC region, particularly India and China, are among the largest industrial markets requiring extensive demand for power supply equipment. Significant presence of resources such as raw materials and cheap labor is strengthening the production facilities in the region. This has created lucrative growth opportunities for the market in applications like industrial motor drives.
 

The flourishing automotive production in China and the rapid technological advancements in automotive electronics have opened considerable opportunities for the market size expansion. The presence of several automakers and component manufactures is expected to further add to the industry revenue. The emergence of solar energy applications implementation of power semiconductor devices is expected to influence the regional market growth trends. The PV inverters used for in solar energy applications can be implemented with the SiC diodes to provide high energy efficiency by reducing the switching losses.  
 

Competitive Market Share

Infineon Technologies AG, Sanken Electric Company, ROHM Semiconductor, and Panasonic Corporation GaN Systems are some of the major companies operating in the GaN and SiC power semiconductor market. Infineon holds a high market share and operates through various divisions such as automotive electronics, power management, and industrial power control. The company recorded revenue growth of 9% in 2018. The companies are focused on developing these devices achieve lower costs, greater power efficiency, and compact size.
 

GaN and SiC power semiconductor industry have widened with frequent product launches from manufacturers for application-specific offerings impelled by increasing demand for various applications. With a reduction in costs of semiconductors, the companies are focusing on product developments to gain more market share.
 

The GaN and SiC power semiconductor market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD from 2015 to 2025 for the following segments:
 

Market, By Product

  • SiC power module
  • GaN power module
  • Discrete SiC
  • Discrete GaN

Market, By Application

  • Power supplies
  • Industrial motor drives
  • H/EV
  • PV inverters
  • Traction

The above information has been provided for the following regions and countries:

  • North America 
    • U.S.
    • Canada
  • Europe 
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific 
    • China
    • India
    • Japan
    • South Korea
    • Taiwan 
  • Latin America
    • Brazil
    • Mexico 
  • Middle East & Africa (MEA)
     

Frequently Asked Questions (FAQ) :

The market size of GaN and SiC power semiconductor estimated at USD 400 million in 2018.
The industry share of GaN and SiC power semiconductor will grow at a CAGR of over 30% from 2019 to 2025.
According to the analysts at GMI, the SiC power module segment will grow at a CAGR of over 35% during the forecast period.
Power supply and electric vehicle applications have fueled the energy demand across the U.S., creating a need for higher system efficiency and adoption of GaN and SiC semiconductor devices.
Robust automobile manufacturing and prevalence of one of the largest industrial sectors in the world is expected to strengthen APAC market trends.
Infineon Technologies AG, Sanken Electric Company, ROHM Semiconductor, and Panasonic Corporation GaN Systems are some of the major companies operating in the market.

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Premium Report Details

  • Published Date: Jun 2019
  • Pages: 150
  • Tables: 111
  • Charts / Figures: 22
  • Companies covered: 14
  • Countries covered: 15

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