Wide Bandgap WBG Power Devices Market
Wide Bandgap WBG Power Devices Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Wide Bandgap WBG Power Devices Market Size and Growth
The Wide Bandgap (WBG) Power Devices market is experiencing robust growth, driven by increasing demand for efficient energy solutions in electronics and electric vehicles. The global market size was valued at approximately $6 billion in 2023 and is projected to reach over $25 billion by 2030, reflecting significant technological advancements and adoption. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ ALPHA & OMEGA Semiconductor
◍ Avogy
◍ Broadcom Limited
◍ Cambridge Electronics
◍ Cree
◍ Efficient Power Conversion (EPC)
◍ EXAGAN
◍ GaN Systems
◍ IEPC
◍ Infineon
◍ NXP
◍ Panasonic
◍ POWDEC
◍ Transphorm
◍ VisIC
◍ Fuji Electric
◍ STM
◍ ROHM
The Wide Bandgap (WBG) Power Devices market features companies like Cree, Infineon, and GaN Systems, leveraging WBG devices for efficient power conversion in applications such as electric vehicles and renewable energy. These companies drive market growth through innovation, reduced energy costs, and enhanced performance, increasing overall sales in the sector.
- Cree: $1.04 billion (2021)
- Infineon: €11.06 billion (2021)
- GaN Systems: Estimated revenue growth to $200 million (2022).
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Market Segmentation
By Application
Communication ◍ Automotive
◍ Consumer Electronics
◍ Defense/Aerospace
◍ Healthcare
◍ Industry, Power and Solar & Wind
By Product
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Market Growth
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$ 6.40 Billion
