The market for GaN-based power adapters is booming

Transparency Market Research provides key insights into the global GaN-based power adapter market. In terms of revenue, the global GaN-based power adapter market is expected to grow at a CAGR of 5.5% during the forecast period, driven by numerous factors, about which TMR offers insights and insights. in-depth predictions in its Global GaN report. based on the power adapter market.

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The global GaN-based power adapter market is largely affected by several factors, including the increasing use of GaN-powered devices in the global market, growing demand for energy-efficient power devices, and significant investments in the electrical and electronic products sector. Thus, expanding applications of GaN-based power adapters across different industries is propelling the global GaN-based power adapters market.

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GaN-based Power Adapter Market: Dynamics

According to studies, it has been found that on average, most homes have 5-10 devices using power adapters, such as cordless phones, cell phones, answering machines, hair dryers, and miscellaneous others products. All of this equipment can now be used with GaN-based power adapters. Internal power supplies are more common in devices that have larger power requirements, typically over 15 watts. These devices include computers, televisions, desktop copiers and stereo components. Most internal power supply designs use more efficient designs called switched-mode or switched-mode power supplies. In line with customer demand, manufacturers are designing power supply devices that confirm energy efficiencies of 50% to 90%, resulting in wide variations in power consumption between similar products. These GaN-based power adapters have improved efficiency, reduced size and reduced weight. Investments in power adapters and other electronic devices are constantly increasing. Manufacturers are investing heavily in the electronics and communications sectors, attributing to a new era of telecommunications, where various new and technologically advanced products are being manufactured. These factors are expected to impact the power adapter market.

Economic growth in electrical, electronic and communication products is also expected to drive the market for GaN-based power adapters. Various companies have announced investments in electronics and auto parts manufacturing to meet the needs of end users. In August 2018, Samsung announced its intention to stimulate investment in companies that will drive its future growth, committing an investment of approximately US$21 billion over the next three years, primarily led by Samsung Electronics, in the areas of artificial intelligence (AI), 5G, automotive electronics and biopharmaceuticals. As investments in all these sectors are increasing, new products will require switching power supply equipment. Hence, this will moderately boost the market for GaN-based power adapters.

In the market for GaN-based power adapters, certain factors are expected to hamper the market, one of them being the complexity and cost associated with the production process of GaN-based power adapters; although in the coming years, GaN-based power adapters are expected to cost less due to ongoing innovations.

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GaN-based Power Adapter Market: Important Regions

The GaN-based power adapter market in North America is expected to grow over the forecast period, owing to the presence of key market players, technological advancements and growth in large electronics public and industrial automation in the region. The GaN-based power adapter market in Europe is expected to witness favorable growth over the forecast period owing to the significant increase in industrial activities and expanding automotive sector in the region. The GaN-based power adapter market in Asia-Pacific is expected to grow over the forecast period, owing to the presence of a large number of players designing and producing power supplies.

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GaN-Based Power Adapter Market: Key Players

Key players operating in the global GaN-based power adapter market include 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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The market for GaN-based power adapters is booming

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