Gallium Oxide Market to Make Great Impact In Near Future by 2028Posted by ankush Nikam on September 23rd, 2019 Gallium Oxide Market: Introduction Gallium oxide is an inorganic chemical compound in which Gallium and Oxygen are in a stoichiometric ratio of 2:3. The molecular formula of Gallium Oxide is Ga2O3 and its molecular weight is 187.44 g/mol. Gallium oxide, also known as gallium sesquioxide, is insoluble in water but slightly soluble in alkalis and is a thermally stable compound. Gallium oxide has a large band gap of around 4.8 eV. Larger band gap permits producers to use a thinner device for a certain voltage. In the electronics industry, the more thinner a device, the lower will be the resistance offered by it and thus, it will be more efficient. The electronic components used in inverters, power supplies and electric motors are expected to be economic, efficient and must also be able to handle high voltage from source. Considering such requirements, gallium oxide is anticipated to be the best available alternative in the semiconductors and electronics market. However, gallium oxide, even though efficient, is not as inexpensive as silicon. However, with technological advancements, the cost of gallium oxide is expected to drop down. This will ensure that the gallium oxide market witnesses growth in near future. Growing potential uses of gallium oxide (Ga2O3) in high-frequency and high-power devices are creating lucrative avenues for stakeholders. Unlike other semiconductors, gallium oxide can be produced directly from its molten state which further enables large-scale manufacturing of high-quality crystals. Growing awareness about its considerable potential is expected to fuel growth in the gallium oxide market. Interest in gallium acid has grown significantly over recent years due to its potential as a key option for high breakdown voltage device applications. Gallium oxide can be used in high power switching, owing to its high critical field strength of approximately 8 MV/cm. Gallium oxide also has higher critical electric field strength as compared to silicon, and its higher electron mobility allows a device to have a small size for a specific on-resistance & breakdown voltage. Increasing demand for physically smaller devices is expected to accelerate the demand for Ga2O3, which will further fuel growth in the gallium oxide market. Request Sample Report@ https://www.factmr.com/connectus/sample?flag=S&rep_id=2027 A recent technoeconomic research conducted by NREL (National Renewable Energy Laboratory) shed light on the potential use of gallium oxide as power electronic technology of the coming time. As per the NREL analysis, gallium oxide wafers could be significantly cheaper to manufacture over silicon carbide. The potential low cost of Ga2O3 wafers over other existing variants is anticipated to fuel growth in the gallium oxide market in the forthcoming years. Gallium Oxide Market: Segmentation The gallium oxide market can be segmented on the basis of form, application and end use. On the basis of form, the gallium oxide market can be segmented into:
On the basis of application, the gallium oxide market can be segmented into:
On the basis of end use, the gallium oxide market can be segmented into:
Gallium Oxide Market: Regional Outlook Regionally, the North America gallium oxide market is anticipated to grow at a significant rate due to the increasing number of smart device owners in the region. The shift from silicon to gallium oxide is expected to be the fastest in countries, such as the United States of America. Following the North America gallium oxide market are the mature markets of countries in Europe. Asia Pacific has been seeing tremendous growth in the number of users and this growth is expected to increase further throughout the forecast period. China and the United States of America have a much bigger and technologically advanced defense sector and will quickly adopt the shifting trend from silicon to gallium oxide. Some of the market participants identified across the value chain of the global gallium oxide market include TAMURA Corporation, Kyma Technologies, Inc., American Elements, Nanoshel LLC and FLOSFIA Corporation. This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Regional Segments Analyzed Include
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report. Highlights from the Report
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