Global Wide-Bandgap (WBG) Power Semiconductor Devices Market 2020-2024

Global Wide-Bandgap Power Semiconductor Devices Market 2020-2024

Technavio has been monitoring the wide-bandgap power semiconductor devices market and it is poised to grow by USD 2.86 bn during 2020-2024 progressing at a CAGR of 36% during the forecast period. Our reports on wide-bandgap power semiconductor devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the demand for high-power density devices and government initiatives supporting the development of WBG power semiconductors. In addition, demand for high-power density devices is anticipated to boost the growth of the market as well.

The wide-bandgap power semiconductor devices market analysis includes application segment and geographical landscapes

Technavio's wide-bandgap power semiconductor devices market is segmented as below:

By Application

• UPS and PS systems
• PV inverters
• IMDs
• EVs/HEVs
• Others

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• MEA

This study identifies strategic collaborations among market participants as one of the prime reasons driving the wide-bandgap power semiconductor devices market growth during the next few years. strategic collaborations among market participants will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our wide-bandgap power semiconductor devices market covers the following areas:

• Wide-bandgap power semiconductor devices market sizing
• Wide-bandgap power semiconductor devices market forecast
• Wide-bandgap power semiconductor devices market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wide-bandgap power semiconductor devices market vendors that include Cree Inc., Hitachi Ltd., Infineon Technologies AG, Microchip Technology Inc., ON Semiconductor Corp., ROHM Co. Ltd., STMicroelectronics NV, Texas Instruments Inc., Toshiba Corp., and Transphorm Inc.. Also, the wide-bandgap power semiconductor devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.