Market Research Future (MRFR) predicts that the next-generation power semiconductors market could achieve a high CAGR during the forecast period (2016-2027).

Market Segmentation

Depending on the product material, the market can be considered for gallium nitride (GaN) and silicon carbide (SiC). Between these, GaN could account for the largest share owing to the rising demand for the material in semiconductors compared to SiC. Gallium nitride semiconductors enjoy immense demand compared to silicon technology as these are able to handle high-intensity power as well as temperature. Other features are low resistance, high-speed switching capacity, high current density, and high dielectric strength.

In terms of the device, the market can be split into MOSFET/IPD, IGBT/Power module, and diode. MOSFET is considered a cost-effective solution that is compatible with higher voltage and current, compared to BJT. MOSFET aids in power management which helps improve energy conservation in different applications, including consumer electronics, electric vehicle, and industrial systems.

Application-wise, [FURL=https://www.marketresearchfuture.com/reports/smart-railways-market-2685]Next-Generation Power Semiconductors Industry[/FURL] includes hybrid & electric vehicle, renewable energy, LED lights, smart homes, and others.

arket growth. India, China, and Japan are the leading markets for next-generation power semiconductors in the region, thanks to the enormous consumer base for personal devices.

Leading Players

The players leading the worldwide next-generation power semiconductors include Semikron (U.S.), Renesas Electronics (Japan), Toshiba (Japan), Fairchild (U.S.), NXP Semiconductors (Netherlands), Infineon Technologies (Germany), Mitsubishi Motors (Japan), Vishay Intertechnology (U.S.), Fuji Electric (Japan), STMicroelectronics (Switzerland), to name a few.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Email: sales@marketresearchfuture.com

Blog: http://mrfrblog.com/