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Global Wide-Bandgap Power (WBG) Semiconductor Devices Research Business Report 2024-2030: Rising Adoption of Power Supplies and UPS Systems in Data Centers to Fuel Demand

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DUBLIN, Feb. 23, 2024 /PRNewswire/ — The “Wide-Bandgap Power (WBG) Semiconductor Devices – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Wide-Bandgap Power (WBG) Semiconductor Devices Market to Reach $10.9 Billion by 2030

The global market for Wide-Bandgap Power (WBG) Semiconductor Devices estimated at US$1.4 Billion in the year 2022, is projected to reach a revised size of US$10.9 Billion by 2030, growing at a CAGR of 29.4% over the analysis period 2022-2030. Silicon Carbide (SiC), one of the segments analyzed in the report, is projected to record a 29.4% CAGR and reach US$6.3 Billion by the end of the analysis period. Growth in the Gallium Nitride (gan) segment is estimated at 31.4% CAGR for the next 8-year period.

The global semiconductor industry is experiencing a paradigm shift with the emergence of wide-bandgap (WBG) semiconductors, poised to surpass silicon and become fundamental to various sectors such as power, lighting, RF, and optoelectronics. However, the sector faced challenges due to the COVID-19 pandemic, highlighting risks associated with value chain modularity. Despite this, wide-bandgap materials are gaining traction, driven by their superior properties and diverse applications.

WBG semiconductor devices represent a new frontier in power electronics, leveraging materials like silicon carbide (SiC) and gallium nitride (GaN). These materials offer significant advantages over traditional silicon, including higher efficiency, faster switching speeds, and improved thermal performance. As a result, they find applications in power converters, electric vehicles, renewable energy systems, and more.

In terms of market outlook, developed regions lead the adoption of WBG semiconductor devices, driven by advanced research infrastructure and robust demand from industries like automotive and telecommunications. However, developing economies are expected to spearhead future growth, propelled by increasing investments in infrastructure and a growing emphasis on energy efficiency and sustainability.

Competition in the WBG semiconductor market is intense, with strong, active players worldwide vying for market share. Recent market activity indicates a flurry of developments, including strategic partnerships, product launches, and investments in research and development. As the industry continues to evolve, WBG semiconductors are poised to play a pivotal role in shaping the future of electronics and powering the transition towards a more efficient and sustainable world.

The U.S. Market is Estimated at $405.6 Million, While China is Forecast to Grow at 38.9% CAGR

The Wide-Bandgap Power (WBG) Semiconductor Devices market in the U.S. is estimated at US$405.6 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2030 trailing a CAGR of 38.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21% and 25.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 24.8% CAGR.

MARKET TRENDS & DRIVERS

Wide-Bandgap Devices: A Workhorse for Diverse Spectrum of ApplicationsPromising Outlook for Wide Bandgap Devices from Automotive IndustryGrowing Demand for EVs and HEVs to Drive Market GainsGrowing Vehicle Electrification Expands the Opportunity for the MarketRising Adoption of Power Supplies and UPS Systems in Data Centers to Fuel Need for WBG Semiconductor DevicesShift towards Renewable Energy Sources to Propel MarketTargets for Electricity Production from Renewable Energy Sources in Select CountriesWide-Bandgap Semiconductors to Supercharge Renewable Energy RevolutionIncreasing Use of PV Inverters in Solar Power Plants Augurs Well for the MarketRapid Industrialization Spurs Demand for Industrial Motor Drives, Stimulating Market GrowthSignificance of WBG Power Semiconductor Devices in Railway Traction SystemsWBG Semiconductors Enhance Efficiency of Power DevicesApplications of GaN & SiCWide-Bandgap Semiconductor Devices: Powering the Power Converter EcosystemPower Semiconductors Built on GaN & SiCWBG Semiconductors Expand Power Efficiency Horizons for Consumer SectorCeramic to Push Wide-Bandgap Device Performance for New ApplicationsGrowing Focus on Power Electronics Drives Uptake of SiCRising Demand for Wide-Bandgap Materials Bodes WellTechnology Advancements in Wide Bandgap Semiconductor Devices to Shape Future Growth TrendsNew Material Technologies, SiC and GaN, to Shape the Future of Power ElectronicsDesign Engineers Race to Characterize Wide-Bandgap SemiconductorsChallenges Confronting WBG Power Semiconductor Devices MarketThermal Metrology Challenges with WBG Devices

FOCUS ON SELECT PLAYERS (Total 49 Featured)

ExaganGaN Systems, Inc.GeneSiC Semiconductor, Inc.Microsemi CorporationMonolith SemiconductorQorvo, Inc.STMicroelectronics NVTexas Instruments, Inc.United Silicon Carbide, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/a882u9

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ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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SOURCE Research and Markets

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Stora Enso Oyj: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (25 December 2024)

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1 hour ago

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December 27, 2024

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STORA ENSO OYJ STOCK EXCHANGE RELEASE 27 December 2024 at 09:00 EET

HELSINKI, Dec. 27, 2024 /PRNewswire/ — Stora Enso Oyj received a notification pursuant to chapter 9, section 5 of the Securities Market Act from BlackRock, Inc on 27 December 2024.

On 25 December 2024, BlackRock’s holding in Stora Enso’s shares decreased below the 5 percent threshold.

% of shares and voting rights (total of 7.A)

% of shares and voting rights through financial instruments (total of 7.B)

Total of both in % (7.A + 7.B)

Resulting situation on the date on which threshold was crossed or reached

4.76% shares

Below 5% voting rights

0.27% shares

Below 5% voting rights

5.04% shares

Below 5% voting rights

Position of previous notification (if applicable)

Below 5% shares

Below 5% voting rights

Below 5% shares

Below 5% voting rights

Below 5% shares

Below 5% voting rights

 

A: Shares and voting rights

Class/type of shares

ISIN code (if possible)

Number of shares and voting rights

% of shares and voting rights

Direct

(SMA 9:5)

Indirect

(SMA 9:6 and 9:7)

Direct

(SMA 9:5)

Indirect

(SMA 9:6 and 9:7)

FI0009005961

37,609,170  shares

Below 5% voting rights

4.76% shares Below 5% voting rights

SUBTOTAL A

37,609,170 shares

Below 5% voting rights

4.76% shares

Below 5% voting rights

B: Financial Instruments according to SMA 9:6a

Type of financial instrument

Expiration date

Exercise/Conversion Period

Physical or cash settlement

Number of shares and voting rights

% of shares and voting rights

American Depositary Receipt (US86210M1062)

N/A

N/A

Physical

596,930 shares

Below 5% voting rights

0.07% shares

Below 5% voting rights

Securites lent

N7A

N/A

Physical

1,036,720 shares

Below 5% voting rights

0.13% shares

Below 5% voting rights

CFD

N/A

N/A

Cash

563,510 shares

Below 5% voting rights

0.07% shares

Below 5% voting rights

SUBTOTAL B

2,197,160 shares

Below 5% voting rights

0.27% shares

Below 5% voting rights

 

Stora Enso has two series of shares. Each A share and every ten R shares carry one vote. Stora Enso has 175,664,079 A shares and 612,955,908 R shares in issue. The Company does not hold its own shares. The total number of Stora Enso shares is 788,619,987 and the total number votes at least 236,959,669.

Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691 

Stora Enso

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. We create value with our low-carbon and recyclable fiber-based products, through which we support our customers in meeting the demand for renewable sustainable products. Stora Enso has approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in OTC Markets (OTCQX) in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors

STORA ENSO OYJ

Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691 

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/stora-enso-oyj/r/stora-enso-oyj–notification-of-change-in-holdings-according-to-chapter-9–section-10-of-the-finnish,c4086606

The following files are available for download:

https://mb.cision.com/Main/13589/4086606/3189711.pdf

STORA ENSO Class R_2024-12-25_Issuer

 

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SOURCE Stora Enso Oyj

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Truecaller continues strong growth, surpasses 400 million Android users

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1 hour ago

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December 27, 2024

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STOCKHOLM, Dec. 27, 2024 /PRNewswire/ — Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, reached another important milestone on 24th of December, when the number of monthly active users (MAU) on the operating system Android surpassed 400 million. Truecaller continues to grow rapidly in many geographic markets and the total user base has grown with more than 57 million users during 2024 and has now surpassed 433 million users in total.

“Truecaller’s strong commitment to help businesses and individuals communicate better through both calls and messages, continues to grow. Our geographical footprint is growing each day, and the development in our targeted growth markets is strong. We’re thrilled at achieving this milestone and we look forward to serving the next 400 million Android users,” says Rishit Jhunjuhnwala, Chief Product Officer and incoming CEO of Truecaller.

The growth in India continues to be strong with a growth of approximately 37 million users in but the relative growth in other parts of the world is stronger with a growth of 20 million users during 2024.

Truecaller will continue to report the average number of monthly and daily users on a quarterly basis in connection with interim reports.

For more information, please contact:
Andreas Frid, Head of IR & Communication
+46 705 29 08 00
andreas.frid@truecaller.com

About Truecaller:

Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 433 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information. please visit corporate.truecaller.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/truecaller-ab/r/truecaller-continues-strong-growth–surpasses-400-million-android-users,c4086573

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SOURCE Truecaller AB

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Xinhua Silk Road: Conference on deepening financial openness and co-op in Northeast Asia held in NE. China’s Shenyang

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1 hour ago

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December 27, 2024

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BEIJING, Dec. 27, 2024 /PRNewswire/ — The 2nd Northeast Asia Finance Conference and 2024 “Revitalizing Liaoning with Finance” Excellent Cases Release kicked off on Tuesday in Shenyang, capital of northeast China’s Liaoning Province, aiming to further deepen financial openness and cooperation in the Northeast Asian region and advance construction of a regional financial center.

The main forum held a series of activities, including an opening ceremony, two round-table dialogues on “finance + biomedical industry” and “finance + cultural industry”, a symposium for foreign financial institutions, a seminar on innovative development of financial clusters, a forum on development of technology and finance, a forum on industrial low-carbon transformation and financial innovation, as well as an enterprise project roadshow and industry-finance matchmaking event.

During the conference themed on “accelerating the construction of a regional financial center in Northeast Asia and creating a new highland for opening up”, excellent cases of revitalizing Liaoning through finance in 2024 were unveiled and the index for core areas of regional financial centers in northeast China was released.

The conference also held an unveiling ceremony for the upgrading of the Shenyang finance and trade development zone to a national-level development zone, and a launch ceremony of a platform for Shenyang industrial insights and decision analysis.

The conference was co-hosted by China Economic Information Service, Liaoning Branch of Xinhua News Agency, Shenhe District People’s Government, Shenyang local financial administration under guidance of Shenyang Municipal People’s Government and Liaoning local financial supervision and administration bureau.

Original link: https://en.imsilkroad.com/p/343777.html

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/xinhua-silk-road-conference-on-deepening-financial-openness-and-co-op-in-northeast-asia-held-in-ne-chinas-shenyang-302339540.html

SOURCE Xinhua Silk Road

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