High Demand for Rapid Charging and Compact Design to Shape the Trends in Global GaN-based Power Supply Adapter Market, Growth of the Market is predicted at ~5.5% CAGR over the Forecast Period, from 2020 to 2030 - TMR
- The demand for GaN-based power supply adapters is projected to be driven by the developments in communication, electrical, and electronic devices
- Lightweight adapters are becoming more widely available in the GaN-based power supply adapter market. Manufacturers of GaN-based power supply adapters are stepping up their efforts to satisfy customers' demands for quick charging
ALBANY, N.Y., April 28, 2021 /PRNewswire/ -- GaN-based adapters and chargers are expected to be common in 2020. Protocols of work-from-home also opened up new income streams for GaN-based power supply adapter manufacturers. Chargers and adapters for mobile game consoles, laptops, and phones are being developed by manufacturers. Multi-port adapters are projected to become more common in 2021. Growing prominence of this adapter is expected to support growth of the global GaN based power supply adapter market in the years to come.
In consumer electronics sector, GaN semiconductors are gaining immense popularity. GaN (gallium nitride) technology is seeing a revived and rejuvenated need in electric vehicle (EV) design laboratories, according to participants in the global GaN-based power supply adapter market. The European Union's (EU) support for policy requirements relating to data centre energy management is turning into business opportunities for market participants. These factors are estimated to work in favour of the global GaN-based power supply adapter market over the analysis timeframe, from 2020 to 2030.
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Because of a range of factors, the global GaN-based power supply adapter market is expected to develop at a growth rate of ~5.5% CAGR over the analysis timeframe, from 2020 to 2030. Numerous factors influence the said market, comprising rising use of GaN-powered products worldwide, strong funding in the electrical and electronics equipment field, and high demand for energy-efficient power supply items. As a result, the global GaN-based power supply adapter market is being propelled by the expanding applications of these power supply adapters in various industries.
Explore 197 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into GaN-based Power Supply Adapter Market (Power: Less than 100W, 100-160W, 160-200W, and More than 200W; and Application: Computers & Laptops, Mobile Phones & Wearables, Consumer Electronics, Automotive, Industrial Products, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/ganbased-power-supply-adapter-market.html
Key Findings of Market Report
Consumers are increasingly demanding rapid charging GaN-based power supply adapters to deliver efficiency, performance, and creativity. As a result, adapters are becoming more cool, compact, and lightweight.
Analyze global GaN-based power supply adapter market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
The GaN-based power supply adapter market is being flooded with new prototypes and innovations. Manufacturing companies is likely to profit from the ADG 100W GaN 9-in-1 power centre, which includes fast charging and USB-C hub functionalities. Companies are investing in research and development to come up with multi-port adapters that are capable of charging multiple electronic devices including flash discs, notebooks, keyboards, and various other devices simultaneously. Bendable US plugs compliant with the UK, EU, and AU universal travel adapters are being developed by market participants are contributing to a global mobile community. To ensure a stable and efficient launch of adapters, they are performing thorough hardware, reliability, and performance tests. Consumer devices at the lower end of the market, as well as the arrival of 5G, are likely to hold exciting growth prospects for the market.
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GaN-based Power Supply Adapter Market: Growth Drivers
Global GaN-based Power Supply Adapter Market: Key Competitors
Global GaN-based Power Supply Adapter Market: Segmentation
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