The GaN-powered chargers market is likely to display strong growth prospects through 2031 reaching a valuation of over USD 4.9 Billion. Wide scope of applications in a range of consumer electronics products, electric vehicle power infrastructure and industrial applications are expected to generate key opportunities of growth in the upcoming decade. Power efficiency advantages over Sic counterparts will drive growth through the industry in the long-term, generating positive growth prospects in multi-industry settings in the near future.
Gallium Nitride (GaN) technology has revolutionized charger designs by enabling faster charging speeds while generating less heat and reducing the risk of overcharging. This capability addresses the growing need for maintaining power capabilities and safety standards in telecommunications and other industries, thereby driving market growth.
Request a report sample to gain comprehensive market insights at:
https://www.futuremarketinsights.com/reports/sample/rep-gb-13030
GaN-powered Chargers Market – Primary Takeaways
- Smartphone applications will account for significant revenue share, driven by consumer preference for wireless and fast-charging setups.
- 30W charger formats will display higher demand owing to applications in the massive consumer electronics sector.
- China and India remain markets with high potential for growth owing to opportunities in the telecom and automotive sectors.
- The United States will hold the lead in the GaN powered chargers market owing to strong demand in consumer electronics and industrial power setups.
GaN-powered Chargers Market – Growth Factors
- Superior efficiency in high voltage transmission, and reduced energy loss is a key factor supporting adoption.
- GaN technologies allow charger devices to be substantially smaller than conventional counterparts.
- Reduced requirements of additional components including filters and heatsinks aid growth prospects.
GaN-powered Chargers Market – Major Constraints
- GaN chargers are limited by a relatively lower capacity of thermal conductivity, creating complexities for high-frequency switching applications.
- Currently available formats of GaN chargers are depletion type devices which cause issues for zero gate source voltage settings, limiting scope of use.
Expected Impact on Market by Coronavirus Outbreak
The coronavirus pandemic has had an adverse effect on the global GaN-powered chargers market. Disruptions in the supplies of essentials raw materials and components and a slump in the sales of electronics and automobiles during the crisis period has hit short term demand.
However, with relaxation of lockdown regulations, the gradual recovery of the global economy and looser restrictions on trade are aiding in the recovery of the market, setting up the industry for strong long-term growth.
Competition Landscape
Some of the leading manufacturers participating in the GaN-powered chargers market are Energizer, Xiaomi Corporation, AUKEY, Koninklijke Philips N.V., Anker, Belkin International Inc., RAVPower, GaN Systems Inc., and Baseus among others.
Leading market players have been observed to be largely involved in product development and launch strategies in a moderately competitive market. Efforts towards changes in power capacities and charging formats are expected to gain attention.
Qualcomm’s 65W Qcharger is the latest offering which offers support for charging formats in over 200 countries with a 2500w AC rating, capable of charging 4 devices simultaneously. Hyper has introduced a new stackable GaN charger with support for 1600W passthrough power compatible with USB-C and USB A formats. Further, Avenir telecom has announced the release of new Energizer brand GaN wall chargers for consumers in India between 20W and 90W ratings.
Contact Sales for Further Assistance in Purchasing this Report:
https://www.futuremarketinsights.com/checkout/13030
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube