The wide-bandgap power semiconductor devices market is expected to grow by USD 2.86 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the wide-bandgap power semiconductor devices market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Wide-Bandgap (WBG) Power Semiconductor Devices Market 2020-2024 (Graphic: Business Wire)
The wide-bandgap power semiconductor devices market will witness Negative and Inferior impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to Increase as compared to 2019.
Enterprises will go through Respond, Recover and Renew phases. Download free report sample
As the COVID-19 pandemic continues to spread, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through respond, recover and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Wide-Bandgap Power Semiconductor Devices Market Participants:
STMicroelectronics NV operates its business under various segments such as automotive and discrete group (ADG); analog, mems and sensors group (AMS); microcontrollers and digital ICs group (MDG); and others. The company offers SiC Diodes and SiC MOSFETs with voltage ranges of 600-1,200V.
Texas Instruments Inc.
Texas Instruments Inc. operates its business under three segments, which include analog, embedded processing, and other. The company offers LM5166 Synchronous Buck Converter with 3V to 65V input voltage range.
Toshiba Corp. has business operations under various segments, namely energy business, social infrastructure business, electronic devices business, and digital solutions business. The company offers wide range of SiC Modules such as Hybrid SiC-SBD Modules and Plastic Case Module IEGTs.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/ wide-bandgap power semiconductor devices market-industry-analysis
Wide-Bandgap Power Semiconductor Devices Market 2020-2024: Segmentation
Wide-Bandgap Power Semiconductor Devices is segmented as below:
- UPS and PS systems
- PV inverters
- North America
- South America
The wide-bandgap power semiconductor devices market is driven by demand for high-power density devices. In addition, other factors such as strategic collaborations among market participants are expected to trigger wide-bandgap power semiconductor devices market toward witnessing a CAGR of over 36% during the forecast period.
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- Vendor classification
- Market positioning of vendors
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.