Adoption of automotive electronics are expected to fuel prospects of market growth in the foreseeable future

The global market for circuit breakers, fuse, and relays is expected to witness a steady growth owing to their increasing utilization in the power sector. They have several applications pertaining to generation, distribution and transmission of power. Significant growth in the global market for circuit breakers, fuse and relays is projected owing to increase in demand for energy in the forecast period. This significant rise in the demand for electricity has led to increasing need for T&D networks which will in turn have a positive impact on the circuit breakers, protective fuse and relay market. The recent increase in the demand for electricity can be attributed to factors such as rapid industrialization, increasing population, and urbanization.

Key factors such as adoption of automotive electronics are expected to fuel prospects of market growth in the foreseeable future. Increase in the demand for automotive electronics is a significant trend that is expected to drive the demand for circuit breakers, fuses, and relays from the automotive industry. The implementation of electronic components in vehicles facilitates the use of circuit breakers, fuses, and relays for the safety of the electronic components. Due to the popularity of augmented demand for advanced in-car systems such as advanced driver assistance systems, premium audio systems infotainment systems, on-board diagnostic systems, and electronic transmission the global circuit breakers, fuse and relay industry is projected to witness a positive market growth.

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With the adoption of circuit breakers, fuse and relay systems spread across various consumer segments with capabilities pertaining to electronic and electric sector, this market is expected to witness an extremely competitive environment. Global circuit breaker, fuse and relay industry is highly fragmented with the presence of large number of small and regional vendors. Need to have a diverse product portfolio and increased market penetration has led prominent vendors in the market to integrate optimized technology into their products.

A protective relay ensures reliable and safe operation of substations by tripping the circuit breaker in the case of a fault. Rise in the need for modernization of substations propels the demand for protective relays. Growing automated substations market on account of reduced operational costs and improved grid security is expected to boost the growth in the global circuit breaker, relay and fuse industry,

The market on the basis of product is segmented into three categories, Circuit breaker, Fuse and Relay. The circuit breaker product segment is projected to capture an impressive market share owing to growing demand for electricity and expanding T&D networks that will contribute to the growth of this market segment until the end of estimated period. Further, with the rising demand for alternative electrical transmission systems, the market for circuit breakers will have a positive demand until the end of the forecast period. A key substitute for mechanical relay is solid state devices on account of their popularity owing to its ability to interrupt currents that is synchronous to alternating current waveforms. Solid state devices interrupt with high alternating current flow and simultaneously avoid high voltage generation.

Relays are segmented on the basis of applications into four categories. Feeder protection, Motor protection, Transmission line, and Transformer protection. The feeder protection segment gained the largest market share on account of growing demand for electricity coupled with increasing demand for establishing and revamping distribution and transmission networks. The above mentioned factors therefore have a positive impact on the market and have the ability to propel the demand for protective relays However, high cost of raw materials such as gold and silver used for component wiring are expected to hamper growth.

Dominant players in this market include Americas, APAC and EMEA. Asia pacific was the largest market for circuit breakers, fuses, and relays, and is estimated to retain its market position attributing to investments in the power infrastructure. Growth in construction and automotive market is a key factor that is expected to drive the market growth in Asia Pacific in the forecast period Owing to these factors the growth rate in APAC is expected to reach a rate of over 7%.

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In the mechanical relays market, APAC was the market leader in 2015, and is expected to contribute to the market with the same trend over the next seven years attributed to favorable developments in distribution and transmission network in countries such as India, China, and the Philippines. Growing market for power generation from renewable sources of energy offer huge opportunities to differentiate their products from other major players in this market and play a key role in the growth of demand of relay market

The market for circuit breakers, fuse and relay market in North America is expected to grow significantly in the future on account of rising demand for electricity. Significant investment in Substantial investments in transmission grid resulted in suppressed need of replacing worn out energy infrastructure. Further, power generation sources such as wind and solar energy would require greater distribution and transmission and investment. This would provide greater avenues for growth opportunities in circuit breakers fuse and relay market in North America

Key vendors in the market include GE, ABB, Siemens, Schneider. Other vendors in this market are Camsco Electric, Honeywell International, Cooper Industries, Itron, Kirloskar Electric, Littelfuse, L&T, Mitsubishi Electric, Rockwell Automation, NR Electric, S&C Electric, Sensata Technologies and Schurter Holding.

Gallium nitride (GaN) semiconductor devices are used in defense, military, aerospace, telecommunication and medical sectors

Global Gallium Nitride (GaN) Semiconductor Devices Market is projected to grow considerably in the forecast period owing to the increasing demand for energy efficient power electronics. Gallium Nitride is a semiconductor used in the production of semiconductor power devices, RF (Radio Frequency) components and light emitting diodes (LEDs). Gallium nitride has the potential to act as displacement technology for silicon conductors in power consumption, analog applications and radio frequency components. GaN semiconductors hold dynamic chemical and electrical properties like high-voltage breakdown and saturation velocity that make the semiconductors perform proficiently in different switching devices.

The key factors that drive the growth of gallium nitride (GaN) semiconductor devices industry comprise the wide band gap feature of gallium nitride material that encourages innovative applications, the vast market for gallium nitride in consumer electronics and automotive devices, success of gallium nitride in radio frequency power electronics. Gallium nitride (GaN) semiconductor devices are broadly used in industries like defense, military, aerospace, telecommunication and medical sectors. GaN is also extensively used in blue light-emitting diodes and blue laser diodes in Blu-ray disc players which contributes to the growth of the market.

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The wide band gap semiconductor material, Gallium nitride has the ability to operate at high temperature, high power density, and high frequency along with other operating voltages, driving the growth of the market. The rising penetration of gallium nitride in radio frequency power application is predicted to be a major growth driver for gallium nitride semiconductor devices market in future. The RF based switching is growing widely in the developed electrical energy systems especially in the renewable energy like solar power. Besides the reliability factor, gallium nitride (GaN) semiconductor devices play an important role in reducing overall system costs. Conversely, gallium nitride lacks cost effectiveness in applications with low gigahertz like CATV (community access television) which reduces the market penetration. This is expected to hinder the growth of the industry to some extent.

Nevertheless, the rise in demand for wireless devices, the speedy progress of automated devices and cost effective manufacturing is predicted to drive the gallium nitride semiconductor devices industry in the years to come. Conversely, the waste created during the manufacturing of gallium nitride (GaN) semiconductor is a serious issue to human health like human skin, eyes and lungs which ultimately increases the shielding outfit expenses for manufacturing needs which are projected to obstruct the market growth in the coming years.

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Gallium nitride (GaN) semiconductor devices market is categorized on the basis of product, device, application and geography. On the basis of product, the market is divided into opto-semiconductors and power semiconductors. The power semiconductors are estimated to hold larger share of the market due to its ability to minimize power loss and obtain high speed switching with features like miniaturization, high speed switching and high breakdown voltage.

In terms of device, gallium nitride (GaN) semiconductor devices industry is divided into GAN Power Discrete Market, GAN Power Transistors Market, GAN Diodes & Rectifiers Market, and GAN Power ICs Market. On the basis of application, the market is segmented into Computers, Industrial power, solar, and wind sectors (IPSW), Consumer Electronics sector, Automotive sector, Military, Defense, Aerospace and Medical sector. Consumer electronic sector is projected to dominate the market owing to the high penetration of gallium nitride in LED-based lighting and LED-based display.

Geographically, gallium nitride (GaN) semiconductor devices market is segmented as North America, Asia Pacific, Europe and RoW. North America is expected to dominate larger share of the market due to the increasing demand for LEDs in consumer electronic products like gaming devices, personal computers, laptops, tablets, etc. Asia Pacific region is also estimated to witness faster growth due to the presence of large number of raw material suppliers in this region.

The prominent gallium nitride (GaN) semiconductor devices industry players profiled here are Aixtron SE, Cree Incorporated, Panasonic Semiconductors, Texas Instruments, Fujitsu Ltd, RF Micro Devices Corporation, Toshiba, Infineon Technologies, OsramOpto-semiconductors, Gallia Semiconductor, ROHM Company Ltd. NXP Semiconductors, Koninklijke Philips N.V., Qorvo and Nichia Corporation.

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Silicon Wafer Reclaim Market is Estimated toGgrow at a Significant CAGR of 3.7% by 2024

Global Silicon Wafer Reclaim Market is expected to reach USD 577.3 million by 2024. Silicon is a tetravalent, gray, brittle, chemical component. It makes up 27.8% of the earth’s crust and next to oxygen; it is the utmost plentiful element in nature. The materials that contain silicon are common beach sand, quartz, flint, and agate. It is known as the major element in building materials like glass, cement, and brick. Moreover, it is the most shared material to build microchips and semiconductors.

Silicon Wafer Reclaim is termed as wafer reclaim that has been processed, stripped, polished, and then cleaned and can be reprocessed for various use. There are various reclaim types like particle reclaim, recycle, and strip and kiss polish. It is a cost efficient program that manufacturers use to exploit the worth of formerly used silicon substrates. The silicon wafer reclaim market is estimated to grow at a significant CAGR of 3.7%over the future period as the scope and its applications are rising enormously across the globe.

High demand in manufacturing of microchips or chips used in electronic devices, increasing cost of silicon wafers, growing disposable income, rapid rate of industrialization and urbanization, and rising employment, economy, and population are documented as major factors of silicon wafer reclaim industry that are estimated to enhance the growth in the years to come. However, lack of awareness regarding reclaim services may restrain overall market growth in the coming years. Silicon wafer reclaim industry is segmented based on product type, applications, and region.300 mm, 200 mm, 150 mm, and other product types could be explored in silicon wafer reclaim market in the forecast period. Integrated circuits, solar panels, and other applications could be explored in this market in the future period.

Globally, North America accounted for the largest market share of silicon wafer reclaim industry and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be presence of key manufacturers in the region, growing demand for low cost silicon wafer, and rising applications in automotive industry. The United States is a major consumer of silicon wafer reclaim in this region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR of 3.3% in the foremost period. The aspects that may be ascribed to the growth comprise technological growth and industrial development in developing countries. The emerging countries like India and China are the major consumers of silicon wafer reclaim market in this region. This may be because of low inclusive recovery cost in the economy.

The key players of silicon wafer reclaim industry are NanoSILICON, MicroTech Systems, Silicon Quest, Phoenix Silicon International Corporation, Optim Wafer Services, RS Technologies Co., Ltd., NOVA Electronic Materials, Shinryo Corporation, Noel Technologies, Silicon Valley Microelectronics, and Pure Wafer. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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