Global Gallium Nitride Industrial Devices Market to Grow at 20.31% CAGR Through 2032
Global GaN Industrial Devices Market Enters a High-Growth Phase as Demand for Efficient Power Solutions Accelerates The global Gallium Nitride (GaN) industrial devices market is entering a decisive growth phase. Valued at USD 5.37 billion in 2024, the market is projected to expand rapidly and reach nearly USD 23.57 billion by 2032, growing at a strong CAGR of 20.31 percent from 2025 to 2032. This surge reflects a clear shift in how industries approach power efficiency, thermal management, and system reliability across industrial, automotive, telecom, and renewable energy applications. GaN technology is no longer confined to research labs or niche electronics. It is steadily becoming part of everyday industrial systems, from electric vehicle drivetrains to solar inverters and high-frequency telecom infrastructure. Engineers and manufacturers are increasingly choosing GaN devices not because they are new, but because they solve real-world problems that silicon struggles with....