Is the Power GaN Devices Market Set to Surge to USD 2.26 Billion by 2034 at a 27.8% CAGR Amid EV and AI Data Center Expansion? The global Power GaN (Gallium Nitride) Devices market, valued at USD 371 million in 2026, is projected to reach USD 2,263 million by 2034, reflecting a strong 27.8% CAGR. Extending the forecast to 2026–2034, the market is expected to sustain high double-digit growth, driven by EV electrification, AI data centers, renewable energy systems, and 5G infrastructure. To understand this exponential growth trajectory, the compound growth formula applies: FV=PV(1+r)nFV = PV(1 + r)^nFV=PV(1+r)n With a CAGR of 27.8%, the market could exceed USD 3.5–4.0 billion by 2034, assuming continued EV penetration, data center expansion, and scaling manufacturing efficiencies. https://www.intelmarketresearch.com/power-gan-devices-market-22871

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