Blockchain Press Releases
Gallium Nitride Semiconductor Device Market size worth USD 32.91 Billion, Globally, by 2030 at 5.1% CAGR: Verified Market Research®
The “Global Gallium Nitride Semiconductor Device Market Size By Product, By Component, By End-User, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Gallium Nitride Semiconductor Device Market, including its growth prospects, market trends, and market challenges
JERSEY CITY, N.J., Aug. 17, 2023 /PRNewswire/ — The Global Gallium Nitride Semiconductor Device Market is projected to grow at a CAGR of 5.1 % from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 22.11 Billion in 2022 and is expected to reach USD 32.91 Billion by the end of the forecast period.
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Browse in-depth TOC on “Gallium Nitride Semiconductor Device Market“
202 – Pages
126 – Tables
37 – Figures
Market Analysis Reveals Promising Outlook for Gallium Nitride (GaN) Semiconductor Devices
The global semiconductor landscape is undergoing a transformative shift with the emergence of Gallium Nitride (GaN) semiconductor devices, characterized by their potential to deliver high output power, compact form factors, and remarkable efficiency in microwave and ultra-high frequency applications. A comprehensive market analysis underscores the key drivers, growth prospects, and prominent players shaping the GaN semiconductor market.
Gallium Nitride Semiconductor Device Market Drivers
The pressing need for energy-efficient solutions, driven by the depletion of oil reserves and the scarcity of energy sources, has intensified the optimization of power gadgets. Conduction and switching losses have historically been the primary culprits behind power device inefficiencies. However, GaN gallium nitride devices have emerged as a game-changer, boasting attributes such as high breakdown voltage and low conduction resistance. This has led to a surge in demand for GaN-based solutions as industries strive to enhance energy conservation.
Gallium Nitride Semiconductor Device Market Outlook
The market for GaN semiconductor devices is witnessing a paradigm shift, fueled by their expanding applications. GaN RF semiconductor devices, in particular, are gaining prominence across sectors like defense, military, and aerospace, owing to their cost-effective and low-power characteristics. The versatility of GaN’s material properties is further driving innovation across industries, propelling the exploration of novel applications.
Investments from venture capital firms are playing a pivotal role in advancing Gallium Nitride Semiconductor Device Market. The integration of GaN into 5G multi-chip modules is a notable trend, given the imperative for energy-efficient solutions in these networks. As a result, several semiconductor leaders are actively incorporating GaN technology into their 5G offerings, further propelling market growth.
The robotics industry is poised to be a significant catalyst, with GaN finding application in servo drives for robotics and motion control systems. Technological advancements and the escalating demand for automation in manufacturing processes are expected to drive robust sales of robotic units, consequently boosting the demand for Gallium Nitride Semiconductor Device Market.
Key Players
The GaN semiconductor market boasts a roster of distinguished players, each contributing to the sector’s advancement. Key industry players include Panasonic Corporation, Toshiba Corporation, Texas Instruments, NXP Semiconductors NV, Infineon Technologies AG, Cree, Efficient Power Conversion Corporation, Fujitsu Ltd., GaN Systems, NexgenPowerSystems, Qorvo, Samsung, Mitsubishi Electric, Macom, Nichia, Dialog Semiconductor, and Epistar.
Conclusion
The Gallium Nitride Semiconductor Device Market is poised for substantial growth, driven by the convergence of energy-efficient demands, technological innovation, and diverse applications across industries. With its unique material properties and energy-efficient attributes, GaN is positioned as a technology of choice for a wide range of cutting-edge applications. The dominance of North America, led by the defense and aerospace sectors, underscores the global influence of these industries. As governmental support continues to bolster semiconductor innovation, the GaN market’s potential remains on a promising trajectory.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Gallium Nitride Semiconductor Device Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Gallium Nitride Semiconductor Device Market into Product, Component, End-User, And Geography.
- Gallium Nitride Semiconductor Device Market, by Product
- Power Semiconductor
- RF Semiconductor
- Opto Semiconductor
- Gallium Nitride Semiconductor Device Market, by Component
- Transistors
- Power IC
- Rectifier
- Others
- Gallium Nitride Semiconductor Device Market, by End-User
- Information & Communication Technology
- Defense & Aerospace
- Consumer Electronics
- Healthcare
- Others
- Gallium Nitride Semiconductor Device Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
Media Contact
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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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