Powder Metallurgy Market to Witness Mounting Growth in Approaching Time [news]
Stratview Research, a global market research firm announces the release of the report titled – Powder Metallurgy Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
Stratview Research has segmented the market by Material Type (Titanium, Nickel, Steel, Aluminum, Cobalt, and Others), by Process Type (Additive Manufacturing, Metal Injection Molding, and Powder Metal Hot Isostatic Pressing), by Application Type (Aerospace & Defense, Automotive, Medical & Dental, Oil & Gas, and Industrial), by End-User Type (OEMs and AM Operators), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to this report, Powder Metallurgy Market is likely to witness a CAGR of 11.0% during the forecast period. Major factors such as increasing adoption of additive manufacturing coupled with the growing demand for lightweight components or parts in the aerospace, defense, and automotive sectors is expected to drive the growth of the market during the forecast period. In addition, powder metallurgy is a cost-effective process for manufacturing simple as well as complex shapes, having advantages over conventional processes. With powder metallurgy offering favorable surface finish, controlled porosity, low scrap generation, high production rate, and excellent wear resistance, the market is likely to experience favorable gains over the forecast period.
What is powder metallurgy?
Powder Metallurgy is a low-cost process of manufacturing both simple and complex shapes. It offers advantages over traditional processes. This process provides favorable surface finish, controlled porosity, low scrap generation, high production rate, and excellent wear resistance.
Key Players
• Advanced Technology & Materials Co., Ltd.
• CRS Holdings Inc.
• GKN Plc.
• Hitachi Chemical Company Ltd.
• Höganäs AB
• Molyworks Materials Corporation
• Rio Tinto Metal Powders
• Rusal
• Sandvik AB
• Sumitomo Electric Company Ltd.
Why Stratview Research?
Reports published by Stratview Research helps the users in several ways. The user can –
- Gain a deeper understanding of the market and the impact of Covid-19 on the market.
- Get rigorous analysis and progressive insights into the market across the globe.
- Assess current and future market trends, and challenges of the market.
- Gain a comprehensive view on the growth strategies of the key players.
- Get updates related to recent changes, M&As, new product launches and many such news related to the market, and even more.
Along with these detailed information, Stratview Research also provides customized reports.
Request a sample here- https://www.stratviewresearch.com/Request-Sample/2445/Powder-Metallurgy-Market.html#form
Customize this report –
- Which are the factors impacting the Powder Metallurgy Market?
- How can any business develop revenue streams?
- What should be the growth strategy and strategy to make top customers shift towards your brand?
- Which noteworthy steps can one take to stay ahead of competitors?
Stratview Research is one of the leading providers of custom and syndicated market research reports. We also offer services like Sourcing, Market Entry Strategy, Target Screening, Voice of Market Study, and much more. In case of any requirement related to market assessment, competitive benchmarking, and others, please send your inquiry to the team.
Email at - sales@stratviewresearch.com
Connect with the analysts at - +1-313-307-4176.
Stratview Research has segmented the market by Material Type (Titanium, Nickel, Steel, Aluminum, Cobalt, and Others), by Process Type (Additive Manufacturing, Metal Injection Molding, and Powder Metal Hot Isostatic Pressing), by Application Type (Aerospace & Defense, Automotive, Medical & Dental, Oil & Gas, and Industrial), by End-User Type (OEMs and AM Operators), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to this report, Powder Metallurgy Market is likely to witness a CAGR of 11.0% during the forecast period. Major factors such as increasing adoption of additive manufacturing coupled with the growing demand for lightweight components or parts in the aerospace, defense, and automotive sectors is expected to drive the growth of the market during the forecast period. In addition, powder metallurgy is a cost-effective process for manufacturing simple as well as complex shapes, having advantages over conventional processes. With powder metallurgy offering favorable surface finish, controlled porosity, low scrap generation, high production rate, and excellent wear resistance, the market is likely to experience favorable gains over the forecast period.
What is powder metallurgy?
Powder Metallurgy is a low-cost process of manufacturing both simple and complex shapes. It offers advantages over traditional processes. This process provides favorable surface finish, controlled porosity, low scrap generation, high production rate, and excellent wear resistance.
Key Players
• Advanced Technology & Materials Co., Ltd.
• CRS Holdings Inc.
• GKN Plc.
• Hitachi Chemical Company Ltd.
• Höganäs AB
• Molyworks Materials Corporation
• Rio Tinto Metal Powders
• Rusal
• Sandvik AB
• Sumitomo Electric Company Ltd.
Why Stratview Research?
Reports published by Stratview Research helps the users in several ways. The user can –
- Gain a deeper understanding of the market and the impact of Covid-19 on the market.
- Get rigorous analysis and progressive insights into the market across the globe.
- Assess current and future market trends, and challenges of the market.
- Gain a comprehensive view on the growth strategies of the key players.
- Get updates related to recent changes, M&As, new product launches and many such news related to the market, and even more.
Along with these detailed information, Stratview Research also provides customized reports.
Request a sample here- https://www.stratviewresearch.com/Request-Sample/2445/Powder-Metallurgy-Market.html#form
Customize this report –
- Which are the factors impacting the Powder Metallurgy Market?
- How can any business develop revenue streams?
- What should be the growth strategy and strategy to make top customers shift towards your brand?
- Which noteworthy steps can one take to stay ahead of competitors?
Stratview Research is one of the leading providers of custom and syndicated market research reports. We also offer services like Sourcing, Market Entry Strategy, Target Screening, Voice of Market Study, and much more. In case of any requirement related to market assessment, competitive benchmarking, and others, please send your inquiry to the team.
Email at - sales@stratviewresearch.com
Connect with the analysts at - +1-313-307-4176.
Natural Acetic Acid Market: In-depth Analysis, Demand Statistics & Competitive Outlook 2021-2026 [news]
Stratview Research announces the launch of a new market research report on the Natural Acetic Acid Market By Function (Preservative, Flavoring Agent, Stabilizer, Emulsifier, pH Regulator, Pharmaceutical Preparations, Others), By Application (Food, Pharmaceutical, Industrial), and Region.
This strategic assessment report, from Stratview Research, provides a wide-ranging analysis that throws light on the present Natural Acetic Acid Market realities and future market possibilities for the forecast period of 5 years. The report has been segmented in a way to provide a complete and accurate view of the market. The vital data/information provided in the report can help market participants and investors recognise low-hanging fruit in the market and develop growth strategies.
Scope of the Natural Acetic Acid Market:
The regional and national analysis segment examines the Natural Acetic Acid industry minutely. The report also compares the size of the market in each landscape, and historical and projected growth in the market. It evaluates the aftereffects of the Covid-19 pandemic and its recovery path for all geographies, advanced economies, and transition economies.
The segment on developments and strategies examines how the Natural Acetic Acid Market is recovering from the global crisis and suggests ways for businesses to grow as the economy recovers.
Market Highlights
The report primarily highlights the essential details of the sector based on the basic diagram of the Natural Acetic Acid Market network structure, and depicts competitive landscape, market expansion, manufacturing, generating cost structure, growth strategies, planning processes, and development.
The global growth of natural acetic acid market size is primarily driven by widespread product usage in various industries as a preservative, flavoring agent, stabilizer, and emulsifier among others. Growing food & beverage industry with expanding populace and rising per capita disposable income is likely to fuel the product demand at a significant rate during the review period. In addition to this, increasing demand for natural acetic acid in numerous new applications is likely to create lucrative opportunities for the players operating in the global market during the review period.
Here are the key-players: -
• Elan Chemicals (US)
• Sucroal S.A. (US)
• Jainco Trading (India)
• Parchem Fine & Specialty Chemicals (US)
• Zhengzhou Yi Bang Industry Co., Ltd (China)
Why should one invest in the Natural Acetic Acid Market report?
- Analyze how the coronavirus is affecting the industry
- How it is likely to arise and develop when the virus's effect fades?
- Recognize investment options in growth areas.
- Outdo competitions by utilising future projections as well as growth drivers and patterns.
- Most recent market research data is provided that can help users gain a better understanding of the target audience.
- Clear comparison with the market competitors.
Request for Analysis of COVID19 Impact on the Natural Acetic Acid Market- https://www.stratviewresearch.com/Request-Sample/2500/Natural-Acetic-Acid-Market.html#form
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
This strategic assessment report, from Stratview Research, provides a wide-ranging analysis that throws light on the present Natural Acetic Acid Market realities and future market possibilities for the forecast period of 5 years. The report has been segmented in a way to provide a complete and accurate view of the market. The vital data/information provided in the report can help market participants and investors recognise low-hanging fruit in the market and develop growth strategies.
Scope of the Natural Acetic Acid Market:
The regional and national analysis segment examines the Natural Acetic Acid industry minutely. The report also compares the size of the market in each landscape, and historical and projected growth in the market. It evaluates the aftereffects of the Covid-19 pandemic and its recovery path for all geographies, advanced economies, and transition economies.
The segment on developments and strategies examines how the Natural Acetic Acid Market is recovering from the global crisis and suggests ways for businesses to grow as the economy recovers.
Market Highlights
The report primarily highlights the essential details of the sector based on the basic diagram of the Natural Acetic Acid Market network structure, and depicts competitive landscape, market expansion, manufacturing, generating cost structure, growth strategies, planning processes, and development.
The global growth of natural acetic acid market size is primarily driven by widespread product usage in various industries as a preservative, flavoring agent, stabilizer, and emulsifier among others. Growing food & beverage industry with expanding populace and rising per capita disposable income is likely to fuel the product demand at a significant rate during the review period. In addition to this, increasing demand for natural acetic acid in numerous new applications is likely to create lucrative opportunities for the players operating in the global market during the review period.
Here are the key-players: -
• Elan Chemicals (US)
• Sucroal S.A. (US)
• Jainco Trading (India)
• Parchem Fine & Specialty Chemicals (US)
• Zhengzhou Yi Bang Industry Co., Ltd (China)
Why should one invest in the Natural Acetic Acid Market report?
- Analyze how the coronavirus is affecting the industry
- How it is likely to arise and develop when the virus's effect fades?
- Recognize investment options in growth areas.
- Outdo competitions by utilising future projections as well as growth drivers and patterns.
- Most recent market research data is provided that can help users gain a better understanding of the target audience.
- Clear comparison with the market competitors.
Request for Analysis of COVID19 Impact on the Natural Acetic Acid Market- https://www.stratviewresearch.com/Request-Sample/2500/Natural-Acetic-Acid-Market.html#form
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
Propanol Market to Grow at a Robust Pace During 2021-2026 [news]
Stratview Research has published a new report on the Propanol market, segmented by Type (Isopropanol and N-Propanol), by Application Type (Isopropanol Applications [Direct Solvent, Chemical Intermediate, Household & Personal Care, Pharmaceutical, and Others] and N-Propanol Applications [Chemical Intermediate, Direct Solvent, and Others]), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
Propanol market is likely to witness a CAGR of 3.9% during the forecast period. Major factors such as fire-resistant properties of propanol and its high durability with easy maintenance are driving the growth of the market. Further, propanol’s ability to help enhance the appearance of internal & external walls significantly influences its impact during the forecast period.
To know more about the covid impact on the market, click here: https://www.stratviewresearch.com/Request-Sample/1772/propanol-market.html#form
Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Propanol market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the type, the market is segmented as isopropanol and N-propanol. The isopropanol segment is expected to hold the larger share of the market during the forecast period, due to its easy availability and low cost, which makes it to be widely used in applications such as in pharmaceuticals, paints & coatings, household & personal care products, painting, automotive, and inks.
Based on the application type, the propanol market is segmented as isopropanol applications and N-propanol applications. The isopropanol application segment is estimated to lead the market as isopropanol is used as a direct solvent in various products such as paints & coatings, cosmetics, and pharmaceuticals which are gaining traction in automotive, healthcare, construction, and beauty care industries.
In terms of regions, Asia-Pacific is estimated to be the fastest-growing market for propanol during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the region can be attributed to rise in population and increasing spending power of people, which is giving rise to growth of automotive, construction, pharmaceutical, and household & personal care industries, leading to increasing usage of propanol in the region. Also, North America and Europe are expected to offer substantial growth opportunities over the forecast period.
Following are the key players in the Propanol market:
• BASF SE
• Eastman Chemical Company
• Exxon Mobil Corporation
• JXTG Holdings, Inc.
• LCY Chemical Corp.
• LG Chem Ltd.
• Royal Dutch Shell Plc
• Sasol Limited
• The Dow Chemical Company
• Tokuyama Corporation.
About Stratview Research-
Stratview Research is a global market intelligence firm having a strong team of industry veterans and research analysts. Stratview Research has been serving multiple clients across a wide array of industries. Our services cover a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, we believe in building long term relations with our clients.
Connect with our team here–
https://www.stratviewresearch.com/contact
Or
Call us @: +1-313-307-4176
Market Highlights
Propanol market is likely to witness a CAGR of 3.9% during the forecast period. Major factors such as fire-resistant properties of propanol and its high durability with easy maintenance are driving the growth of the market. Further, propanol’s ability to help enhance the appearance of internal & external walls significantly influences its impact during the forecast period.
To know more about the covid impact on the market, click here: https://www.stratviewresearch.com/Request-Sample/1772/propanol-market.html#form
Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Propanol market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the type, the market is segmented as isopropanol and N-propanol. The isopropanol segment is expected to hold the larger share of the market during the forecast period, due to its easy availability and low cost, which makes it to be widely used in applications such as in pharmaceuticals, paints & coatings, household & personal care products, painting, automotive, and inks.
Based on the application type, the propanol market is segmented as isopropanol applications and N-propanol applications. The isopropanol application segment is estimated to lead the market as isopropanol is used as a direct solvent in various products such as paints & coatings, cosmetics, and pharmaceuticals which are gaining traction in automotive, healthcare, construction, and beauty care industries.
In terms of regions, Asia-Pacific is estimated to be the fastest-growing market for propanol during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the region can be attributed to rise in population and increasing spending power of people, which is giving rise to growth of automotive, construction, pharmaceutical, and household & personal care industries, leading to increasing usage of propanol in the region. Also, North America and Europe are expected to offer substantial growth opportunities over the forecast period.
Following are the key players in the Propanol market:
• BASF SE
• Eastman Chemical Company
• Exxon Mobil Corporation
• JXTG Holdings, Inc.
• LCY Chemical Corp.
• LG Chem Ltd.
• Royal Dutch Shell Plc
• Sasol Limited
• The Dow Chemical Company
• Tokuyama Corporation.
About Stratview Research-
Stratview Research is a global market intelligence firm having a strong team of industry veterans and research analysts. Stratview Research has been serving multiple clients across a wide array of industries. Our services cover a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, we believe in building long term relations with our clients.
Connect with our team here–
https://www.stratviewresearch.com/contact
Or
Call us @: +1-313-307-4176
Industrial Power Transmission Market Expected to Experience Attractive Growth through 2027 [news]
Stratview Research has published a new report on the Industrial Power Transmission Market, segmented by Transmission Type (Belt and Chain), by Application Type (General Industries, Energy & Others, Construction Materials, Food & Beverage, Warehouse & Distribution, Lumber & Aggregates, and Agriculture), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
Due to increased awareness regarding the reduction of energy loss, manufacturers are focussing on cost-effective and energy-efficient equipment. A favorable business environment has also been created by increased manufacturing operations, especially in developing economies. In 2020, With the abrupt breakout of the COVID-19 pandemic, the market for industrial power transmission suffered a considerable fall of -7.2%. Companies have suffered significant losses as a result of the entire lockdown paired with a labor shortage and temporary shutdown of manufacturing plants.
The market is predicted to progressively improve in the coming years, primarily due to rising consumer acceptance. Other factors that will drive the market growth are -
• rising investments for technological advancements
• favorable regulatory changes and supporting industrial reforms
Overall, in the long run, the industrial power transmission market is expected to grow at a respectable CAGR of 3.4% to be reaching a value of US$ 11.0 billion in 2027.
To know more about the covid impact on the market, click here: https://www.stratviewresearch.com/Request-Sample/2377/industrial-power-transmission-market.html#form
Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Industrial Power Transmission Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the transmission type, the industrial power transmission market is segmented as belt and chain. Chain is expected to remain the larger transmission type in the market during the forecast period. The wide usage of transmission chains in the chemical, agriculture, oil & gas, pharmaceutical, mining, and construction industries is one of the primary drivers of market expansion.
Material handling, manufacturing, and agricultural & food processing equipment are just a few of the applications for industrial roller chains. Roller chains provide machine-driven power to a variety of industrial machinery. It is observed that the industrial belts are replacing industrial chains in some applications, owing to certain advantages of belts over chains, such as no requirement of frequent lubrication and reduced noise.
Based on the application type, the market is segmented as general industries, energy & others, construction materials, food & beverage, warehouse & distribution, lumber & aggregates, and agriculture. Warehouse & distribution is expected to be the fastest-growing application type in the market during the forecast period. The warehousing & distribution business is anticipated to grow significantly due to the following factors-
• development of new technologies
• increasing imports & exports
• rapidly expanding e-commerce industry.
A boom in commercial activity in rising economies, such as China, India, Indonesia, Russia, and Brazil, is further substantiating the warehousing & storage business.
Following are the key players in the Industrial Power Transmission Market:
• AB SKF
• Bando Group
• Continental AG
• Dayco Corporate
• Gates Corporation
• Optibelt GmbH
• Regal Rexnord
• Regina Catene Calibrate Spa
• Schaeffler Group
• The Morse Chain
• The Timken Company
About Stratview Research-
Stratview Research is a global market intelligence firm having a strong team of industry veterans and research analysts. Stratview Research has been serving multiple clients across a wide array of industries. Our services cover a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, we believe in building long term relations with our clients.
Connect with our team here–
https://www.stratviewresearch.com/contact
Or
Call us @: +1-313-307-4176
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
Due to increased awareness regarding the reduction of energy loss, manufacturers are focussing on cost-effective and energy-efficient equipment. A favorable business environment has also been created by increased manufacturing operations, especially in developing economies. In 2020, With the abrupt breakout of the COVID-19 pandemic, the market for industrial power transmission suffered a considerable fall of -7.2%. Companies have suffered significant losses as a result of the entire lockdown paired with a labor shortage and temporary shutdown of manufacturing plants.
The market is predicted to progressively improve in the coming years, primarily due to rising consumer acceptance. Other factors that will drive the market growth are -
• rising investments for technological advancements
• favorable regulatory changes and supporting industrial reforms
Overall, in the long run, the industrial power transmission market is expected to grow at a respectable CAGR of 3.4% to be reaching a value of US$ 11.0 billion in 2027.
To know more about the covid impact on the market, click here: https://www.stratviewresearch.com/Request-Sample/2377/industrial-power-transmission-market.html#form
Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Industrial Power Transmission Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the transmission type, the industrial power transmission market is segmented as belt and chain. Chain is expected to remain the larger transmission type in the market during the forecast period. The wide usage of transmission chains in the chemical, agriculture, oil & gas, pharmaceutical, mining, and construction industries is one of the primary drivers of market expansion.
Material handling, manufacturing, and agricultural & food processing equipment are just a few of the applications for industrial roller chains. Roller chains provide machine-driven power to a variety of industrial machinery. It is observed that the industrial belts are replacing industrial chains in some applications, owing to certain advantages of belts over chains, such as no requirement of frequent lubrication and reduced noise.
Based on the application type, the market is segmented as general industries, energy & others, construction materials, food & beverage, warehouse & distribution, lumber & aggregates, and agriculture. Warehouse & distribution is expected to be the fastest-growing application type in the market during the forecast period. The warehousing & distribution business is anticipated to grow significantly due to the following factors-
• development of new technologies
• increasing imports & exports
• rapidly expanding e-commerce industry.
A boom in commercial activity in rising economies, such as China, India, Indonesia, Russia, and Brazil, is further substantiating the warehousing & storage business.
Following are the key players in the Industrial Power Transmission Market:
• AB SKF
• Bando Group
• Continental AG
• Dayco Corporate
• Gates Corporation
• Optibelt GmbH
• Regal Rexnord
• Regina Catene Calibrate Spa
• Schaeffler Group
• The Morse Chain
• The Timken Company
About Stratview Research-
Stratview Research is a global market intelligence firm having a strong team of industry veterans and research analysts. Stratview Research has been serving multiple clients across a wide array of industries. Our services cover a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, we believe in building long term relations with our clients.
Connect with our team here–
https://www.stratviewresearch.com/contact
Or
Call us @: +1-313-307-4176
GaN Based Power Device Market Size, Emerging Trends, Forecasts, and Analysis 2021-2026 [news]
Stratview Research has published a new report titled “GaN Based Power Device Market” which is segmented by Product Type (Thermoplastic UD Prepreg, Thermoplastic Fabric Prepreg, Commingled Yarn, and Others), by Fiber Type (Carbon Fiber CFTs and Glass Fiber CFTs), by Resin Type (PPS, PEEK, PEI, PP, and Others), by End-Use Industry Type (Aerospace & Defence, Automotive, Consumer Goods, and Others), by Temperature Type, by Region Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
As per the study, the GaN Based Power Device Market is estimated to grow from USD 119.3 million in 2020 to USD 719.7 million by 2026 at a healthy CAGR of 35.8% during the forecast period.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on end-use, the GaN-based power device market has been classified into automotive, consumer electronics, aerospace & defense, medical, information communication & technology, others. The information communication & technology segment accounted for the largest market share of more than 22% in 2020. This is mainly attributed to the growing adoption of the Internet of Things (IoT) technology. IoT devices demand cost-effective and efficient components which facilitate a constant exchange of information.
By region, the North American GaN Based Power Device market accounted for the largest share of almost 33% in 2020 and is expected to grow at a significant CAGR during the review period. The GaN Based Power Device market growth is mainly propelled by rising investments by the defense & aerospace industry in R&D. Also, the governments in the region are encouraging the adoption of energy-efficient devices and are offering contracts to different companies, further bolstering the regional market growth.
The Asia-Pacific GaN Based Power Device market is expected to grow at the highest CAGR of more than 8% during the review period. The regional growth is ascribed to rapid technological advancements which are resulting in an increased demand for efficient & high-performance RF components. China and Japan are some of the largest manufacturers of consumer electronics, such as smartphones, LED display devices, and gaming consoles, among others, thereby boosting the regional market growth.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the GaN Based Power Device Market:
• Cree (US)
• Navitas Semiconductor (US)
• Texas Instruments (US)
• TOSHIBA (Japan)
• Sumitomo Electric (Japan)
• Mitsubishi Electric (Japan)
• GaN Systems (Canada)
• Infineon (Germany)
• Ampleon (Netherlands)
• EpiGaN (Belgium)
Key questions answered by the report
- What is the projected CAGR for revenue from the GaN Based Power Device Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the GaN Based Power Device Market?
- Which are the major market players?
Request a sample here- https://www.stratviewresearch.com/Request-Sample/2456/GaN-Based-Power-Device-Market.html#form
Custom Research:
Stratview research delivers custom research services across the sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
As per the study, the GaN Based Power Device Market is estimated to grow from USD 119.3 million in 2020 to USD 719.7 million by 2026 at a healthy CAGR of 35.8% during the forecast period.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on end-use, the GaN-based power device market has been classified into automotive, consumer electronics, aerospace & defense, medical, information communication & technology, others. The information communication & technology segment accounted for the largest market share of more than 22% in 2020. This is mainly attributed to the growing adoption of the Internet of Things (IoT) technology. IoT devices demand cost-effective and efficient components which facilitate a constant exchange of information.
By region, the North American GaN Based Power Device market accounted for the largest share of almost 33% in 2020 and is expected to grow at a significant CAGR during the review period. The GaN Based Power Device market growth is mainly propelled by rising investments by the defense & aerospace industry in R&D. Also, the governments in the region are encouraging the adoption of energy-efficient devices and are offering contracts to different companies, further bolstering the regional market growth.
The Asia-Pacific GaN Based Power Device market is expected to grow at the highest CAGR of more than 8% during the review period. The regional growth is ascribed to rapid technological advancements which are resulting in an increased demand for efficient & high-performance RF components. China and Japan are some of the largest manufacturers of consumer electronics, such as smartphones, LED display devices, and gaming consoles, among others, thereby boosting the regional market growth.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the GaN Based Power Device Market:
• Cree (US)
• Navitas Semiconductor (US)
• Texas Instruments (US)
• TOSHIBA (Japan)
• Sumitomo Electric (Japan)
• Mitsubishi Electric (Japan)
• GaN Systems (Canada)
• Infineon (Germany)
• Ampleon (Netherlands)
• EpiGaN (Belgium)
Key questions answered by the report
- What is the projected CAGR for revenue from the GaN Based Power Device Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the GaN Based Power Device Market?
- Which are the major market players?
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