SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "MOCVD Equipment for Power Electronics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 377
Companies: 53 - Players covered include Aixtron SE; Taiyo Nippon Sanso Corporation; Veeco Instruments Inc. ; Alliance MOCVD; CVD Equipment Corporation; HC SemiTek; Jusun Engineering; Xycarb Ceramics; Agnitron Technology and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Power Discrete Devices, Power Modules, Power ICs)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global MOCVD Equipment for Power Electronics Market to Reach $3 Billion by 2026
Amid the COVID-19 crisis, the global market for MOCVD Equipment for Power Electronics estimated at US$558.2 Million in the year 2020, is projected to reach a revised size of US$3 Billion by 2026, growing at a CAGR of 32.2% over the analysis period. Power Discrete Devices, one of the segments analyzed in the report, is projected to record a 26.6% CAGR and reach US$1.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Power Modules segment is readjusted to a revised 35.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $230 Million in 2021, While China is Forecast to Reach $527.1 Million by 2026
The MOCVD Equipment for Power Electronics market in the U.S. is estimated at US$230 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$527.1 Million by the year 2026 trailing a CAGR of 31.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 28.3% and 28.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 23.1% CAGR.
Power ICs Segment to Reach US$763.4 Million by the year 2026
In the global Power ICs segment, USA, Canada, Japan, China and Europe will drive the 38.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$85.3 Million in the year 2020 will reach a projected size of US$832.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.