LONDON--(BUSINESS WIRE)--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 COVID-19 pandemic on the wide-bandgap power semiconductor devices market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through Response, Recovery, and Renew phases. Download a Free Sample Report on COVID-19
The wide-bandgap power semiconductor devices market will witness a negative 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.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis 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:
Cree Inc.
Cree Inc. operates its business through segments such as Wolfspeed and LED Product. The company offers a wide range of SiC-based MOSFETs with a blocking voltage ranging from 900V to 1,700V.
Hitachi Ltd.
Hitachi Ltd. operates its business through segments such as Information and Telecommunication Systems, Social Infrastructure and Industrial Systems, Electronic Systems and Equipment, Automotive Systems, High Function Materials and Components, Construction Machinery, and Smart Life and Ecofriendly Systems. The company offers a wide range of SiC-based MOSFETs with a blocking voltage ranging from 1.7KV to 6.5KV.
Infineon Technologies AG
Infineon Technologies AG operates its business through segments such as Automotive, Industrial Power Control, Power Management and Multimarket, and Digital Security Solutions.
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.technvaio.com/report/wide-bandgap-power-semiconductor-devices-market-industry-analysis
Wide-Bandgap Power Semiconductor Devices Market 2020-2024: Segmentation
The wide-bandgap power semiconductor devices market is segmented as below:
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Application
- UPS And PS Systems
- PV Inverters
- IMDs
- EVs/HEVs
- Others
-
Geography
- APAC
- Europe
- North America
- South America
- MEA
The wide-bandgap power semiconductor devices market is driven by the demand for high-power density devices. In addition, other factors such as strategic collaborations among market participants are expected to trigger the wide-bandgap power semiconductor devices market toward witnessing a CAGR of over 36% during the forecast period.
Get more insights about the global trends impacting the future of the wide-bandgap power semiconductor devices market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45180
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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