According to SNS Insider, the growing adoption of renewable energy sources such as wind and solar power has led to an increasing demand for GaN-based power electronics. These devices are essential for efficient power conversion and management in renewable energy systems As per SNS Insider, "The Gan Semiconductor Devices Market attained a valuation of USD 2.17 billion in 2022 and is anticipated to grow at a CAGR of 22.1% from 2023 to 2030
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