Advances in Technologies Widen Market Opportunities for GaN-based Power Supply Adapter Use
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.
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GaN-based Power Supply Adapter Market: Dynamics
According to studies, it has been found that on an average,
most homes have 5 to 10 devices that use
power supply adapters, such as cordless phones, mobile phones, answering
machines, hair dryers, and various others products. All these equipment can now
be used with GaN-based power supply adapters. Internal power supplies are more
prevalent in devices that have greater power requirements, typically more
than 15 watts. Such devices include computers, televisions,
office copiers, and stereo components. Most internal power supply models use
more efficient designs called switching or switch-mode power supplies. As per
the demand of customers, manufacturers are designing power supply devices that
confirm energy efficiencies of 50% to 90%, yielding
wide variations in power use among similar products. These GaN-based power
adapters have improved efficiency, decreased size, and reduced weight.
Investment in power supply adapters and other electronic devices is increasing
constantly. Manufacturers are investing heavily in electronics and
communication 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 supply adapters market.
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.
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.
Global GaN-based Power Supply Adapter Market:
Segmentation
GaN-based Power Supply Adapter Market, by Power
- Less
than 100W
- 100-160W
- 160-200W
- More
than 200W
GaN-based Power Supply Adapter Market, by Application
- Computers
& Laptops
- Mobile
Phones & Wearables
- Consumer
Electronics
- Automotive
- Industrial
Products
- Others
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