The GaN-based power supply adapter market size has grown strongly in recent years, increasing from $0.97 billion in 2023 to $1.03 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. This growth during the historic period can be attributed to several factors, including a rise in demand for compact and lightweight power adapters, increased adoption of renewable energy sources, enhanced government regulations promoting energy-efficient technologies, consumer demand for faster charging times, and a growing number of smart home devices. The GaN-based power supply adapter market is projected to reach $1.34 billion in 2028, with a CAGR of 6.8%. The expected growth during the forecast period can be linked to rising demand for energy-efficient power supply devices, a need for multi-port power chargers, increasing demand for fast charging and lightweight multi-port adapters, and the adoption of power-intensive electronic devices. Major trends influencing the market during this period include technological advancements, the rise of 5G technology, and the integration of IoT devices in smart homes and wearable technologies.
Global GaN Based Power Supply Adapter Market Key Driver
The growing demand for electric vehicle (EV) charging stations is anticipated to drive the growth of the GaN-based power supply adapter market. EV charging stations, also known as charging points, are facilities that allow electric vehicles to recharge their batteries. The demand for electric vehicles is rising due to various factors, including increasing sales, a wider range of model options, urbanization, corporate fleet adoption, and stringent environmental regulations. GaN-based power supply adapters enhance EV charging station performance and efficiency through their compact size, high efficiency, fast charging capabilities, and advanced thermal management. These advantages lead to improved overall performance and lower operational costs for EV charging infrastructure. As reported by the Department of Energy Alternative Fuels Data Center in March 2024, the number of public and private electric car charging ports in the US increased from 151,273 units in 2022 to 184,098 units in 2023. Therefore, the increasing demand for EV charging stations is driving the growth of the GaN-based power supply adapter market.
Get A Free Sample Of The GaN Based Power Supply Adapter Market Report
Global GaN Based Power Supply Adapter Market Segments
The GaN-based power supply adapter market covered in this report is segmented –
1) By Type: Less Than 100W, 100-160W, 160-200, More Than 200W
2) By Port: 1 Port Power Charger, 2 Port Power Charger, MultiPort Power Charger
3) By Application: Computers And Laptops, Mobile Phones And Wearables, Other Consumer Electronics, Automotive, Industrial Products, Other Applications
By Geography:The regions covered in the GaN-based power supply adapter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the GaN-based power supply adapter market in 2023.
Major GaN Based Power Supply Adapter Industry Players
Sumida Corporation, Verizon Communications Inc., Xiaomi Corporation, Navitas Semiconductor, Arrow Electronics Inc., Texas Instruments Incorporated, AsusTek Computer Inc., Infineon Technologies AG, Analog Devices Inc., Nexperia BV, Digi-Key Electronics, Chicony Power Technology Co. Ltd., Power Integrations, Belkin International Inc., GaN Systems Inc., Weltrend Semiconductor Inc., CUI Global Inc., Yole Group, Transphorm Inc., Baseus, Efficient Power Conversion Corporation, RAVPower, VisIC Technologies Ltd., Finepower GmbH, Anker Innovations Limited, Chargeasap Pvt Ltd., Innoscience Technology
Purchase The Global GaN Based Power Supply Adapter Market Report Directly And Get A Swift Delivery
GaN Based Power Supply Adapter Market Overview
A GaN-based power supply adapter is an electrical device that uses gallium nitride (GaN) transistors to convert and regulate electrical power. It efficiently transforms high-voltage input power to a desired lower voltage output suitable for powering electronic devices. GaN-based adapters leverage the unique properties of GaN semiconductors to offer improved performance compared to traditional silicon-based adapters.
GaN Based Power Supply Adapter Global Market Report 2023 provides data on the global gan based power supply adapter market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The gan based power supply adapter market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
