Abstract The growing demand for higher power density and operational frequency in power conversion systems is driving the development of devices that exceed the limits of conventional silicon. Beta-phase gallium oxide ( β -Ga 2 O 3 ) has emerged as a highly promising ultra-wide-bandgap semiconductor for next-generation high-voltage and high-efficiency power electronics. This promise stems from its exceptional material properties, including a large bandgap (∼4.9 eV), a high theoretical critical electric field (8 MV cm −1 ), and the availability of large-area, low-cost melt-grown substrates. These intrinsic characteristics facilitate vertical device architectures that can achieve unprecedented breakdown voltages while minimizing conduction losses. However, several key challenges currently limiting the application of vertical β -Ga 2 O 3 devices must be addressed, including epitaxial quality, device degradation, low p-type doping efficiency, and inadequate thermal management. Overall, this review highlights the significant potential of vertical β -Ga 2 O 3 power devices, which is being realized through rapid advancements in epitaxial growth, device fabrication, and defect control. Furthermore, achieving the full potential of β -Ga 2 O 3 in high-power applications will require continued advances in p-type conductivity and thermal dissipation. The methodologies outlined may have broader applicability to other emerging semiconductor materials.