GaN-based Power Supply Adapter Market: Size To Expand Significantly By The End Of 2020-2030
GaN-based Power Supply Adapter Market: Introduction
Transparency Market Research delivers key insights on the global GaN-based power supply adapter market. In terms of revenue, the global GaN-based power supply adapter market is estimated to expand at a CAGR of 5.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global GaN-based power supply adapter market.
The global GaN-based power supply adapter market is broadly affected by several factors, including increasing usage of GaN-powered devices in the global market, rising demand for energy-efficient power supply devices, and heavy investments in the electrical and electronics product sector. Thus, expanding applications of GaN-based power supply adapters in different sectors is propelling the global GaN-based power supply adapter market.
GaN-based Power Supply Adapter Market: Dynamics
The economic growth of electrical, electronic, and communication products is also expected to drive the market for GaN-based power supply adapters. Various companies have announced investments in electronics and automotive part manufacturing to fulfil the needs of end users. In August 2018, Samsung announced plans to boost investment in businesses that will drive its future growth, committing to an approximately US$ 21 Bn investment over the next three years, primarily led by Samsung Electronics, in the areas of artificial intelligence (AI), 5G, automotive electronics components, and biopharmaceuticals. As investments in all these sectors is on the rise, new products will require switching power supply equipment. Hence, this will moderately boost the GaN-based power supply adapter market.
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In the GaN-based power supply adapter market, some factors are expected to hamper the market, one of them being complexity and cost associated with the production process of GaN-based power supply adapters; although in the upcoming years, GaN-based power supply adapters are anticipated to cost less with the ongoing innovations.
GaN-based Power Supply Adapter Market: Prominent Regions
The GaN-based power supply adapter market in North America is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and growth of consumer electronics and industrial automation in the region. The GaN-based power supply adapter market in Europe is projected to witness favorable growth during the forecast period due to significant rise in industrial activities and expansion of the automotive sector in the region. The Asia Pacific GaN-based power supply adapter market is likely to expand during the forecast period, owing to the presence of a large number of players designing and producing power supplies.
GaN-based Power Supply Adapter Market: Key Players
Key players operating in the global GaN-based power supply adapter market are ADG, AsusTek Computer Inc., Anker Innovations Limited, Belkin International, Inc., CUI Inc., Finepower GmbH, GaN Systems, Baseus, CHARGEASAP, G-Power Technology Co., Ltd, Verizon, RAVPower, and Xiomi, among others.
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