SAN FRANCISCO, 21 October 2021 / PRNewswire / – A new market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “MOCVD Equipment for Power Electronics – Global Market Trajectory and Analysis”. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 8; Posted: April 2021
Executive pool: 377
Companies: 53 – Players covered include Aixtron SE; Taiyo Nippon Sanso Company; Veeco Instruments Inc .; MOCVD Alliance; CVD equipment company; HC SemiTek; Jusun Engineering; Xycarb ceramic; Agnitron technology and others.
Blanket: All major geographies and key segments
Segments: End use (discrete power devices, power modules, power integrated circuits)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.
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Global MOCVD Equipment Market for Power Electronics to Reach $ 3 billion by 2026
In the midst of the COVID-19 crisis, the global market for MOCVD equipment for power electronics is estimated at US $ 558.2 million in 2020, is expected to reach a revised size of US $ 3 billion by 2026, with a CAGR of 32.2% over the analysis period. Power Discrete Devices, one of the segments analyzed in the report, is expected to register a CAGR of 26.6% and reach 1.4 billion US dollars at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the power modules segment is readjusted to a revised CAGR of 35.4% for the next 7 year period.
The US market is estimated at $ 230 million in 2021, when China is expected to reach $ 527.1 million by 2026
The market for MOCVD equipment for power electronics in the United States is estimated at 230 million US dollars in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 527.1 million by 2026, with a CAGR of 31.5% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 28.3% and 28.1% respectively during the analysis period. In Europe, Germany is expected to grow at around 23.1% CAGR.
Segment of power supply integrated circuits to reach US $ 763.4 million by 2026
In the global power integrated circuit segment, United States, Canada, Japan, China and Europe will lead to the estimated 38.5% CAGR for this segment. These regional markets representing a combined market size of US $ 85.3 million in 2020 will reach a projected size of US $ 832.6 million before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following
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SOURCE Global Industry Analysts, Inc.