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2026-08-13 07:11:04 -

Power GaN Devices Market to Reach US$ 2.5 Bn by 2031, Expanding at 40.6% CAGR Amid Rising Demand for Energy-Efficient Power Electronics

The global power GaN devices market is witnessing rapid expansion as gallium nitride (GaN) increasingly emerges as a high-performance alternative to conventional silicon-based power semiconductors. The global industry size stood at US$ 84.4 Mn in 2021 and is estimated to advance at a CAGR of 40.6% from 2022 to 2031, reaching approximately US$ 2.5 Bn by the end of 2031. GaN offers a...

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