GaN-Based Power Supply Adapter Market Report 2024

This GaN-Based Power Supply Adapter market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The GaN-based power supply adapter market size has grown strongly in recent years. It will grow from $0.97 billion in 2023 to $1.03 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth during the historic period can be attributed to several factors, the increasing demand for compact and lightweight power adapters, the growing adoption of renewable energy sources, heightened government regulations encouraging energy-efficient technologies, a rising consumer desire for faster charging times, and the expansion in the number of smart home devices.

The GaN-based power supply adapter market size is expected to see strong growth in the next few years. It will grow to $1.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to the rising demand for energy-efficient power supply devices, an increased need for multi-port power chargers, a growing preference for fast-charging and lightweight multi-port adapters, and a higher adoption rate of power-intensive electronic devices. Major trends expected during this period include advancements in technology, the development of 5G technology, the expansion of IoT devices, the growth of smart homes, and the rise of wearable devices.

The rising 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 or EV chargers, are facilities designed to recharge electric vehicle batteries. The increased demand for EVs is attributed to higher sales volumes, a broader range of model options, urbanization, corporate fleet adoption, and stricter environmental regulations. GaN-based power supply adapters significantly enhance the performance and efficiency of EV charging stations due to their high efficiency, compact size, rapid charging capabilities, advanced thermal management, reliability, and future-proof design. These benefits lead to improved overall performance and reduced operational costs for EV charging infrastructure. For instance, in March 2024, the Department of Energy Alternative Fuels Data Center, a US-based government organization, reported that the number of public and private electric car charging ports in the US rose from 151,273 units in 2022 to 184,098 units in 2023. Consequently, the increasing demand for EV charging stations is propelling the growth of the GaN-based power supply adapter market.

Leading companies in the GaN-based power supply adapter market are concentrating on technological advancements, such as GaN-based notebook adapter solutions, to deliver enhanced performance, efficiency, and sustainability in notebook power delivery. GaN-based notebook adapters represent an advanced solution for powering laptops and other portable devices. For example, in August 2023, Infineon Technologies, a Germany-based semiconductor manufacturer, and Chicony Power Tech Co., a Taiwan-based company, partnered to develop GaN-based PD3.1 notebook adapter solutions. This new series, utilizing Infineon’s CoolGaN and CoolMOS technology, can deliver up to 240 watts, significantly surpassing the 100 watts defined by USB 3.0. It offers increased power density, reduced energy loss, and lower greenhouse gas emissions, providing more efficient and sustainable power solutions for high-performance notebooks.

In June 2024, Renesas Electronics, a Japan-based semiconductor manufacturing company, acquired Transphorm Inc. for an undisclosed amount. This acquisition is aimed at expanding Renesas Electronics’ power semiconductor portfolio and accelerating its wide-bandgap semiconductor roadmap to leverage the rapidly growing market. Transphorm, a US-based semiconductor company, specializes in producing gallium nitride (GaN) transistors for use in switched-mode power supplies.

Major companies operating in the GaN-based power supply adapter market are 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.

North America was the largest region in the GaN-based power supply adapter market in 2023. The regions covered in the GaN-based power supply adapter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries 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.

A GaN-based power supply adapter is an electrical device that utilizes gallium nitride (GaN) transistors to convert and regulate electrical power. It efficiently changes high-voltage input power to a lower voltage output suitable for powering electronic devices. GaN-based adapters take advantage of GaN semiconductors' unique properties to deliver better performance compared to traditional silicon-based adapters.

The main types of GaN-based power supply adapters are categorized by their power output, less than 100 watts, 100-160 watts, 160-200 watts, and more than 200 watts. Adapters with a power output of less than 100 watts are intended for smaller electronic devices such as smartphones, tablets, and some laptops, providing compact and efficient power solutions. The adapters come with various port configurations, including single-port, dual-port, and multi-port chargers, and are used in applications such as computers and laptops, mobile phones and wearables, other consumer electronics, automotive, industrial products, and more.

The GaN-based power supply adapters market research report is one of a series of new reports that provides GaN-based power supply adapters market statistics, including GaN-based power supply adapters industry global market size, regional shares, competitors with a GaN-based power supply adapters market share, detailed GaN-based power supply adapters market segments, market trends, and opportunities, and any further data you may need to thrive in the GaN-based power supply adapters industry. This GaN-based power supply adapters research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The GaN-based power supply adapter market consists of sales of GaN-based power adapters, GaN-based power bricks, GaN-based wall chargers, GaN-based car chargers, and GaN-based fast chargers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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