The Global Microinverter Market, valued at US$ 7.4 billion in 2023, is poised to witness remarkable growth over the next decade. With an estimated compound annual growth rate (CAGR) of 17.2%, the industry is projected to reach US$ 45.3 billion by 2034. This surge is fueled by the increasing adoption of renewable energy sources and the implementatio
Power GaN Devices to Capture Largest Share in $2.2 Billion Global GaN Industrial Devices Market by 2031
The Global GaN (Gallium Nitride) Industrial Devices Market, valued at US$ 709.24 million in 2021, is expected to witness significant growth over the next decade. With an estimated compound annual growth rate (CAGR) of 12.3% from 2022 to 2031, the market is set to exceed a valuation of US$ 2.2 billion by the end of 2031. GaN technology has emerged a
Rising Demand for Shielded Power Inductors to Propel Global Market Growth Through 2034
The Global Power Inductor Market, valued at US$ 2.3 billion in 2023, is projected to reach US$ 4.5 billion by 2034, growing at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2034. The demand for power inductors is being propelled by a surge in applications across diverse sectors such as consumer electronics, electric vehicles (EVs), tele