The wide-bandgap power semiconductor devices market is expected to grow by USD 2.86 billion, progressing at a CAGR of over 36% during the forecast period.
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Technavio has announced its latest market research report titled Global Wide-Bandgap (WBG) Power Semiconductor Devices Market 2020-2024 (Graphic: Business Wire)
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The demand for high-power density devices is one of the major factors propelling the market growth. However, the high cost of WBG power semiconductor devices will hamper growth.
More details: https://www.technavio.com/report/wide-bandgap-power-semiconductor-devices-market-industry-analysis
Wide-Bandgap Power Semiconductor Devices Market: Application Landscape
Based on the application, the market saw maximum growth in the UPS and PS systems segment in 2019. This is due to the extensive use of WBG power semiconductor devices in UPS and PS applications. Besides, factors such as advances in semiconductor technology and increasing focus on improving the efficiency of UPS systems are fueling the growth of the segment. The market growth in the segment will be significant over the forecast period.
Wide-Bandgap Power Semiconductor Devices Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 48% of the market’s overall growth is expected to originate from APAC. The growth of the market in APAC is driven by factors such as increasing adoption of the UPS and PS products and rising demand for wide-bandgap (WBG) power semiconductor devices from end-users.
China and Japan are the key markets for wide-bandgap power semiconductor devices in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered:
- Cree Inc.
- Hitachi Ltd.
- Infineon Technologies AG
- Microchip Technology Inc.
- ON Semiconductor Corp.
- ROHM Co. Ltd.
- STMicroelectronics NV
- Texas Instruments Inc.
- Toshiba Corp.
- Transphorm Inc.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- UPS and PS systems – Market size and forecast 2019-2024
- PV inverters – Market size and forecast 2019-2024
- IMDs – Market size and forecast 2019-2024
- EVs/HEVs – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Cree Inc.
- Hitachi Ltd.
- Infineon Technologies AG
- Microchip Technology Inc.
- ON Semiconductor Corp.
- ROHM Co. Ltd.
- STMicroelectronics NV
- Texas Instruments Inc.
- Toshiba Corp.
- Transphorm Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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