The global Wide Bandgap Power (WBG) Semiconductor Devices market size was US$ 5.27 billion in 2024 and is forecast to a readjusted size of US$ 21.0 billion by 2031 with a CAGR of 21.0% during the forecast period 2025-2031.
The global GaN Power Devices market size was US$ 406 million in 2024 and is forecast to a readjusted size of US$ 2,245 million by 2031 with a CAGR of 25.6% during the forecast period 2025-2031.
The global SiC Power Devices market size was US$ 4.87 billion in 2024 and is forecast to a readjusted size of US$ 18.8 billion by 2031 with a CAGR of 20.5% during the forecast period 2025-2031.
The North America Wide Bandgap Power (WBG) Semiconductor Devices market size was US$ 1,039 million in 2024, while China was US$ 2,584 million. The proportion of the North America was 19.69% in 2024, while China percentage was 48.9%, and it is predicted that China share will reach 61.1% in 2031, trailing a CAGR of 24.53 % through the analysis period.
The global key manufacturers of GaN Power Devices include Infineon (GaN Systems), Navitas (GeneSiC), Innoscience, Power Integrations, Inc., Renesas Electronics (Transphorm), Efficient Power Conversion Corporation (EPC), etc. In 2024, the global top five players occupied for a share approximately 88% in terms of revenue.
The global key manufacturers of SiC Power Devices include onsemi, STMicroelectronics, Infineon, Wolfspeed, BYD Semiconductor, Bosch, United Nova Technology, Navitas (GeneSiC), Guangdong AccoPower Semiconductor, Rohm, San'an Optoelectronics, etc,. In 2024, the global top seven players occupied for a share approximately 85% in terms of revenue.
Automotive is the largest market, holds a share about 81% in 2024, it is prejected that Automotive will reach 83.6% in 2031.
In North America, in terms of sales volume, in 2024, the top five players hold a share about 76%, while in China, top five players hold a share nearly 62.9%.
This report aims to provide a comprehensive presentation of the global market for Wide Bandgap Power (WBG) Semiconductor Devices, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wide Bandgap Power (WBG) Semiconductor Devices.
The Wide Bandgap Power (WBG) Semiconductor Devices market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Wide Bandgap Power (WBG) Semiconductor Devices market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Wide Bandgap Power (WBG) Semiconductor Devices companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
STMicroelectronics
onsemi
Infineon (GaN Systems)
Wolfspeed
BYD Semiconductor
Bosch
United Nova Technology
Innoscience
Navitas (GeneSiC)
Guangdong AccoPower Semiconductor
Rohm
San'an Optoelectronics
Efficient Power Conversion Corporation (EPC)
Power Integrations, Inc.
Semikron Danfoss
Mitsubishi Electric
BASiC Semiconductor
Fuji Electric
SemiQ
PN Junction Semiconductor (Hangzhou)
Zhuzhou CRRC Times Electric
InventChip Technology
Microchip (Microsemi)
CETC 55
Toshiba
WeEn Semiconductors
Littelfuse (IXYS)
Renesas Electronics (Transphorm)
Yangzhou Yangjie Electronic Technology
Vishay Intertechnology
China Resources Microelectronics Limited
Nexperia
SK powertech
Texas Instruments
Alpha & Omega Semiconductor
SanRex
StarPower
Changzhou Galaxy Century Microelectronics
GE Aerospace
Hangzhou Silan Microelectronics
KEC
PANJIT Group
Diodes Incorporated
Cissoid
Segment by Type
GaN Power Devices
SiC Power Devices
Segment by Application
Automotive & Mobility
EV Charging
Consumer Electronics
Industrial Motor/Drive
PV, Energy Storage, Wind Power
UPS, Data Center & Server
Rail Transport
Defense & Aerospace
Others
By Region
North America
United States
Canada
Mexico
Asia Pacific
China
Japan
South Korea
China Taiwan
ASEAN
Europe
Germany
UK
France
Italy
Netherlands
Austria & Sweden
Nordic Countries
South America
Brazil
Others
Middle East
Israel
Others
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Wide Bandgap Power (WBG) Semiconductor Devices company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Wide Bandgap Power (WBG) Semiconductor Devices Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Power SiC Device
1.2.3 Power GaN Device
1.3 Market by Application
1.3.1 Global Wide Bandgap Power (WBG) Semiconductor Devices Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Automotive & Mobility
1.3.3 EV Charging
1.3.4 Consumer Electronics
1.3.5 Industrial Motor/Drive
1.3.6 PV, Energy Storage, Wind Power
1.3.7 UPS, Data Center & Server
1.3.8 Rail Transport
1.3.9 Defense & Aerospace
1.3.10 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Wide Bandgap Power (WBG) Semiconductor Devices Market Perspective (2020-2031)
2.1.1 Global Wide Bandgap Power (WBG) Semiconductor Devices Market Size in Value Growth Rate (2020-2031)
2.1.2 Global Wide Bandgap Power (WBG) Semiconductor Devices Market Size in Volume Growth Rate (2020-2031)
2.1.3 Global Wide Bandgap Power (WBG) Semiconductor Devices Price Trends (2020-2031)
2.2 Global Wide Bandgap Power (WBG) Semiconductor Devices Growth Trends by Region
2.2.1 Global Wide Bandgap Power (WBG) Semiconductor Devices Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Global Wide Bandgap Power (WBG) Semiconductor Devices Sales Market Share by Region (2020-2031)
2.2.3 Global Wide Bandgap Power (WBG) Semiconductor Devices Revenue Market Share by Region (2020-2031)
2.3 Wide Bandgap Power (WBG) Semiconductor Devices Market Dynamics
2.3.1 Wide Bandgap Power (WBG) Semiconductor Devices Industry Trends
2.3.2 Wide Bandgap Power (WBG) Semiconductor Devices Market Drivers
2.3.3 Wide Bandgap Power (WBG) Semiconductor Devices Market Challenges
2.3.4 Wide Bandgap Power (WBG) Semiconductor Devices Market Restraints
3 Competition Landscape by Key Players
3.1 Global Wide Bandgap Power (WBG) Semiconductor Devices Sales by Players (2020-2025)
3.2 Global Top Wide Bandgap Power (WBG) Semiconductor Devices Players by Revenue (2020-2025)
3.3 Global Wide Bandgap Power (WBG) Semiconductor Devices Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Wide Bandgap Power (WBG) Semiconductor Devices as of 2024)
3.4 Global Wide Bandgap Power (WBG) Semiconductor Devices Average Price by Company (2020-2025)
3.5 Global Key Manufacturers of Wide Bandgap Power (WBG) Semiconductor Devices, Manufacturing Sites & Headquarters
3.6 Global Key Manufacturers of Wide Bandgap Power (WBG) Semiconductor Devices, Product Type & Application
3.7 Global Key Manufacturers of Wide Bandgap Power (WBG) Semiconductor Devices, Date of Enter into This Industry