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SiC & GaN Power Semiconductor Market Accelerates at 22.9% CAGR to Reach $11.08 Billion by 2034 | Fact.MR

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Quest of End-use Industries to Reduce Carbon Footprint Driving Demand for Energy-Efficient SiC & GaN Power Semiconductors

ROCKVILLE, Md., May 27, 2024 /PRNewswire/ — According to a new industry report by Fact.MR, the global SiC & GaN Power Semiconductor Market is expected to reach a valuation of US$ 1.41 billion in 2024. It is projected to achieve $11.08 billion by 2034, growing at a CAGR of 22.9% from 2024 to 2034.

SiC & GaN power semiconductors are transforming the electronics sector by overcoming the limited features offered by conventional silicon-based semiconductors. SiC & GaN power semiconductors are energy efficient and have thermal tolerance. These characteristics make SiC & GaN power semiconductors ideal for high-temperature and high-frequency applications. These semiconductors are finding extensive use in the automotive, renewable energy, industrial, and consumer electronics sectors.

For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=381

In the automotive sector, SiC & GaN power semiconductors are used in the manufacturing of energy-efficient elective and hybrid vehicles. Due to their effective energy conversion ability, SiC & GaN power semiconductors in industrial settings are used in renewable energy inverters and motor drives. Ongoing research and development activities across the world are set to enhance the features of SiC & GaN power semiconductors even more over the coming years.

Key Takeaways from the Market Study:

The market for SiC & GaN power semiconductors in the United States is evaluated at $149.9 million in 2024.Japan is set to hold 29.4% of the East Asia market share by 2034.The China market is approximated at US$ 154.4 million in 2024.SiC power module sales are forecasted to reach US$ 3.64 billion by 2034.

“Miniaturization trend in consumer electronics a key factor driving high demand for SiC & GaN power semiconductors,” says a Fact.MR analyst.

Innovation and Acquisition Prime Tactics to Enhance Product Offerings

The global SiC & GaN power semiconductor market is highly competitive. Industry giants are adopting product expansion strategies such as mergers and acquisitions. Acquisition or merger into another company is aiding companies in increasing their product offerings and market reach.  

In October 2023, Infineon Technologies AG declared the acquisition of GaN Systems Inc.In 2023, Japan’s deep-tech company Flosfia started offering next-gen power chips made from gallium oxide. These high-performance gallium power chips allow EVs to travel farther.

Regional Dynamics: SiC & GaN Power Semiconductors in Automotive and Renewable Energy Sectors

SiC and GaN power semiconductors have become integral to automotive manufacturing in the United States, spurred by stringent regulations governing vehicle safety and greenhouse gas emissions. As automakers strive to incorporate fuel-efficient components into their vehicles, the adoption of SiC and GaN power semiconductors has surged in automotive system production. Their high energy efficiency plays a crucial role in enhancing the performance of electric vehicle power trains.

Meanwhile, China stands out as a major hub for semiconductor manufacturing. The nation’s robust production capabilities and extensive export of consumer electronics have fueled the demand for SiC and GaN power semiconductors. Additionally, the increasing popularity of renewable energy sources like solar panels and distributed energy storage systems has propelled the use of SiC and GaN power semiconductors in the production of these systems. Moreover, the growing trend of industrial automation has further fueled the growth of the SiC and GaN power semiconductor market in China.

Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=381

High Demand for SiC Power Module Technologies:

Among the array of materials utilized in power module semiconductors, silicon carbide stands out as the most prevalent. This distinction arises from SiC’s remarkable capability to minimize energy loss during power conversion processes. This inherent advantage translates into reduced reliance on expensive cooling systems, making SiC semiconductors an increasingly appealing choice for semiconductor purchasers.

This trend underscores the projection that the demand for SiC power modules will continue to surge over the next decade. Another notable advantage of SiC power modules is their exceptionally low switching loss, particularly in applications like metal-oxide-semiconductor field-effect transistors (MOSFETs), EV chargers, and solar inverters. This technological supremacy further bolsters SiC power module manufacturers as they broaden their product offerings and market presence.

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global SiC & GaN power semiconductor market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights on the market based on material (SiC, GaN), component (SiC power modules, GaN power modules, discrete SiC power devices, discrete GaN power devices), and application (power supplies, wireless charging, power storage, hybrid & EV components, HEV charging equipment, motor drives, PV inverters, traction motor components, others), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).

Check Out More Related Studies Published by Fact.MR Research:

https://www.factmr.com/report/4581/silicon-carbide-market

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Programmatic Advertising Market is expected to register a CAGR of 30.1% through 2034

Self-Service Kiosk Market is projected to grow at 10.5% CAGR through 2034

About Us:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.

With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay competitive. 

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Tel: +1 (628) 251-1583
Sales Team: sales@factmr.com
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View original content:https://www.prnewswire.com/news-releases/sic–gan-power-semiconductor-market-accelerates-at-22-9-cagr-to-reach-11-08-billion-by-2034–factmr-302155988.html

SOURCE Fact.MR

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AI Wellness Unveils Mission 2025 at CES–Revolutionizing Health, Education, and Philanthropy with Digital Avatars, Wellness Bundles, and the Ask My Avatar Challenge

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LAS VEGAS, Jan. 9, 2025 /PRNewswire/ — AI Wellness (Assisted Intelligence Wellness) is taking center stage at CES 2025 with Mission 2025—a groundbreaking initiative fusing AI-powered Digital Avatars, Curated Wellness Bundles, and the Ask My Avatar Challenge to transform lives, inspire innovation, and fuel philanthropy.

 

This revolutionary platform isn’t just imagining the future—it’s building it, and empowering individuals and businesses to reimagine wellness, education, and impact. Mission 2025 proudly supports four trailblazing nonprofits: Grey Team, Gold Meets Golden, Coalition for Radical Life Extension, and Roots of Promise.

Meet the Future: AI Wellness Digital Avatars

AI Wellness is putting AI-powered Digital Avatars in the spotlight—game-changers for education, engagement, and efficiency:

Personalized Learning – Insights customized to individual goals.Time-Saving Automation – Freeing professionals to focus on purpose and impact.Scalable Engagement – Virtual consultations, wellness insights, and interactive training tools.

“Our avatars don’t just share information—they inspire transformation,” says Abby Aboitiz, Founder of AI Wellness.

Co-Founder Dr. Gideon Kwok shares:
“I’ve created my own spatial digital avatar—and it’s absolutely surreal! It’s my voice, my personality, and my expertise, captured in AI form. Now I can be in multiple places at once—educating, training, and inspiring—without ever leaving my office!”

Ask My Avatar Challenge: A Year-Long Quest for Discovery

Ready to dive into the future of AI wellness?

AI Wellness invites attendees to experience the Ask My Avatar Challenge—an interactive, year-long wellness journey kicking off at CES Week 2025:

Where to Experience It:Booth #55026 at our partner booth JC Live – Venetian Hall A-D. (Just to the right of the AARP booth)Desert Moon Wellness Clinic– Celebrated as the first Top 111 Clinic.

Interactive Experiences Include:

AI Wellness Mirrors – Real-time wellness insights and tools powered by AI avatars.Wellness Partnership locations– Hosted in spas, clinics, salons, and more globally.

Can’t make it to CES?
No problem! Reach out to AI Wellness to join us or partner with us at any of our 8 activations health/wellness events happening across the country throughout 2025.

Curated Wellness Bundles: Transforming Wellness—One Experience at a Time

AI Wellness Bundles combine top-tier products, diagnostics, and education for a 360° approach to transformation:

Instant Results – Real-time diagnostics and actionable insights.Personalized Pathways – Solutions for physical, mental, and emotional well-being.Purpose-Driven Impact – A portion of proceeds supports featured nonprofits.

Top 111 Clinics: Honoring Visionaries in Wellness Innovation

AI Wellness proudly names Desert Moon Wellness as the first inductee in the Top 111 Clinics, honoring its leadership in merging AI-powered health solutions with transformative care.

CES 2025 Spotlight: Where Innovation Meets Inspiration

Look for the AI Wellness Team during CES Week—they’ll be scouting:

Top 111 Forward Thinkers.Top 111 Innovators.Top 11 Original Genius Ideas.Create your Digital Avatar

How to Find Us:

AI Wellness TV Shirts – Look for our dynamic, standout team.AI Power Suits – Worn by TV hosts showcasing our signature logo.

Win Big with Raffles and Giveaways:

Nudora Gut Health Wellness Products.epsolution™: A premium blend of Magnesium Sulfate Epsom Salt and Siberian Fir essential oil, created by Nick and Nikki Giacara. Learn MoreMr. Lulu Skincare: Targeting pigmentation concerns like dark spots, acne scars, sun damage, melasma, and dull skin. Learn MoreGlobal Healing: Cutting-edge wellness products founded by Dr. Edward Group. Learn MoreSilverceuticals: Advanced silver-based health solutions by Dr. Keith Moeller. Learn MoreRejuran Scar Gel: A revolutionary approach to skincare and healing.Mindbody Matrix Water: A wellness breakthrough by Dr. TK Hyun. Learn MorePneuma Nitric Oxide: Solutions for nitric oxide health by Dr. Nathan Bryan. Learn MoreVisual Healing Experience: A collaboration between Louie Schwartzberg’s Moving Art, Assisted Intelligence Wellness, and Earable Neuroscience.More Exciting Prizes!

Mission 2025: Innovation That Moves the World

Mission 2025 is more than a campaign—it’s a movement built on the belief that education drives transformation.

Key Initiatives Include:

Angels of Alignment Gala – Honoring changemakers leading the wellness revolution.Ask My Avatar Challenge – A year-long exploration of AI-powered wellness.Top 111 Nominations – Recognizing trailblazers shaping the future.SMART Protocol – A cutting-edge roadmap for reaching wellness goals.

Your Mission Starts Now!

Ready to transform health, wellness, and education?

Visit us online to:

Build Your Digital Avatar.Join the Ask My Avatar Challenge.

info@aiwellness.ai
www.aiwellness.ai

Welcome to the Future. Welcome to Mission 2025.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ai-wellness-unveils-mission-2025-at-cesrevolutionizing-health-education-and-philanthropy-with-digital-avatars-wellness-bundles-and-the-ask-my-avatar-challenge-302347378.html

SOURCE Assisted Intelligence Wellness, Inc.

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HR Signal® Launches Lookalikes™, a Sourcing Platform for Recruiters That Uses AI to Find Better Candidates Instantly and Predict Their Interest in a New Job

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HR Signal® Launches Lookalikes™, a Sourcing Platform for Recruiters That Uses AI to Find Better Candidates Instantly and Predict Their Interest in a New Job. Lookalikes™ revolutionizes sourcing by discovering candidates that match highly specific Archetypes, built with AI or by a recruiter. Results can be sorted by Predicted Interest™ in a new job, improving time-to-hire.

CLEVELAND, Jan. 9, 2025 /PRNewswire-PRWeb/ — HR Signal®, a leading HR technology company, today announced the launch of Lookalikes™, an AI-powered candidate sourcing platform for recruiters that transforms how to find and rank top talent. The platform enables recruiters to instantly discover people by using Archetypes to eliminate hours of manual searching and dramatically improve candidate quality.

“Recruiters can now instantly find qualified candidates who match their needs and are likely interested in a new job. “

Recruiters can build candidate Archetypes in two ways: providing an ideal candidate or building a custom profile by entering specific job experiences and background requirements. Lookalikes™ uses proprietary AI to identify and rank potential candidates by how well they match the Archetype.

Unlike traditional sourcing tools that require extensive Boolean searches or limit profile views based on connection levels, Lookalikes™ gives recruiters unrestricted access to search over 1.3 billion people.

“Today’s recruiters face unprecedented challenges in finding and engaging the right talent,” said Sagy Cohen, CEO of HR Signal®. “We created Lookalikes™ to eliminate the manual effort in candidate sourcing. Instead of spending hours crafting complex searches or hitting professional network connection limits, recruiters can now instantly find qualified candidates who match their needs and are likely to respond. This is sourcing reimagined – faster, smarter, and more effective.”

Lookalikes™ biggest innovation is the ability to rank candidates by their Predicted Interest™ in a new position, helping recruiters focus their efforts on the most promising prospects.

Key features of Lookalikes™ include:

Unlimited viewing of 1.3+ billion candidates without connection-level restrictionsAI-powered results based on ideal candidate ArchetypesRank candidates by Predicted Interest™ in a new jobReal-time market insights for more informed salary discussionsBuilt-in tenure benchmarking analyticsUnlimited exports to any ATS or HRIS system, with direct integration available for team licensesAbility to create and share talent pools within hiring teams

“For decades, we have experienced firsthand how challenging it is to find the right talent,” said Andrew Spott, President of HR Signal®. “Lookalikes™ not only helps recruiters find better candidates faster but also provides them with valuable market intelligence about compensation, hiring demand, and tenure benchmarks. This data helps recruiters have more informed conversations with both candidates and hiring managers.”

Lookalikes™ is available for individual users, recruiters, in-house talent acquisition and for large enterprise teams starting at $50/month. A free trial is available without any credit card.

For more information, visit https://www.hirelookalikes.com

About HR Signal®

Founded by AI engineers and experienced executives, HR Signal® leverages its proprietary Workforce Insights Engine™ to analyze over 1.3 billion career paths, providing unprecedented insights into talent movement and career progression patterns. HR Signal® is venture capital backed and committed to helping companies grow and employees thrive.

Media Contact

Andrew Spott, Lookalikes by HR Signal, 1 888-333-6755, lookalikes@hrsignal.com, https://www.hirelookalikes.com

View original content to download multimedia:https://www.prweb.com/releases/hr-signal-launches-lookalikes-a-sourcing-platform-for-recruiters-that-uses-ai-to-find-better-candidates-instantly-and-predict-their-interest-in-a-new-job-302346706.html

SOURCE Lookalikes by HR Signal

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Nonprofit CEOs Took the Stage at CES 2025 to Shine Spotlight on How They Use AI and Tech to Treat and Cure Critical Diseases

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Moore CEO Gretchen Littlefield hosted a Great Minds panel on how big data and tech are being leveraged to progress treatments and cures for cancer, heart disease, Alzheimer’s disease and cleft lip and palate.

LAS VEGAS, Jan. 9, 2025 /PRNewswire-PRWeb/ — Today at CES®, leaders from the most respected brands in the purpose-driven sector discussed how data, artificial intelligence and technology are being used to solve some of the world’s most pressing problems during a panel discussion entitled “Mission Driven Innovation: Solving Humanity’s Biggest Challenges.” The session was streamed live and is available now on the CES website for replay.

The panel was moderated by Moore CEO, Gretchen Littlefield, and included:

    Nancy Brown, CEO, American Heart Association    Dr. Wayne A.I. Frederick, interim CEO, American Cancer Society    Susannah Schaefer, CEO and president, Smile Train    Dr. Joanne Pike, CEO and president, Alzheimer’s Association

The panelists shared key learnings and insights about the innovations they are driving within their organizations and the purpose-driven sector.

“The American Heart Association has always been a trailblazer in driving innovation at the intersection of science and patient-centered technology to further strengthen heart and brain health. As we begin our second century, we will continue advancing health and hope for everyone, everywhere,” said Nancy Brown, chief executive officer of the American Heart Association.

“As AI continues to evolve, the American Cancer Society will continue to explore its potential to improve the lives of cancer patients and their families,” said Dr. Wayne A.I. Frederick, interim CEO, American Cancer Society and American Cancer Society Cancer Action Network. “We want to ensure its use remains responsible, ethical and equitable and that it also prioritizes the relationship between health care professionals and those they serve.”

“Smile Train’s focus on innovation and technology has transformed millions of lives through cleft care in the last 25 years and promises an even brighter future for our patients,” said Susannah Schaefer, president and CEO of Smile Train. “From virtual reality surgical training and solar-powered operating rooms to digital tools connecting patients in remote areas, we are bridging gaps in cleft treatment and reshaping global health altogether.”

“We are at a transformational moment in Alzheimer’s disease and dementia. Rapid advances in technology are speeding the pace of discovery around how we prevent, detect and treat Alzheimer’s and dementia, while helping the Alzheimer’s Association more effectively and efficiently meet the needs of people living with dementia, their families, and their communities,” said Joanne Pike, DrPH, president and CEO of the Alzheimer’s Association. “We expect continued advances in innovation will further enhance both how we work and how we serve the people who count on us for information and support.”

“Moore is proud to be on the forefront of helping these amazing organizations advance their missions,” said Littlefield. “This is an exciting time to be in the technology industry and knowing that our work helps drive their impact makes it all the more rewarding.”

Part of the “CES 2025 Great Minds Series,” the panel discussion took place during CES 2025, on Thursday, Jan. 9, in the Las Vegas Convention Center. The recorded session is available here.

About Moore
Moore is a data-driven constituent experience management (CXM) company achieving accelerated growth for customers through integrated supporter experiences across all platforms, channels and devices. We are an innovation-led company that is the largest marketing, data and fundraising company in North America serving the purpose-driven industry with customers across education, association, political and commercial sectors.

Moore combines our strength in technology and unmatched industry expertise to provide a full platform of communications, data, digital, media, production and response management solutions. Our omnichannel solutions are powered by an ongoing investment in next-generation artificial intelligence and machine learning that deepens constituent relationships and creates transformational growth. To learn more, visit wearemoore.com.

Media Contact

Mac McKeever, Moore, 207-841-6110, mmckeever@wearemoore.com, https://wearemoore.com/

View original content to download multimedia:https://www.prweb.com/releases/nonprofit-ceos-took-the-stage-at-ces-2025-to-shine-spotlight-on-how-they-use-ai-and-tech-to-treat-and-cure-critical-diseases-302347181.html

SOURCE Moore

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