The Power Electronics Industry Is Showing Steady Growth and High Dynamism
July 26, 2017 | Yole DéveloppementEstimated reading time: 2 minutes
The power electronics industry is a key part of the semiconductor history. Power electronics markets are steady evolving and are continuously diffusing its innovations through the overall semiconductor industry.
Numerous mergers & acquisitions (Fairchild Semiconductor and On Semiconductor, Linear Technology and Analog Devices, both in 2016), the emergence of GaN technology, the adoption of SiC solutions (BYD is now proposing a SiC-based on-board chargers) illustrate quite well the dynamism of the power electronics industry. This evolution starts with the development of new active devices and goes through the new packaging techniques up to the performance improvement of the power systems.
Yole Développement (Yole) releases today its Status of the Power Electronics Industry report. In its fourth edition, the “More than Moore” market research and strategy consulting company, Yole reviews the latest technical & market trends and proposes a comprehensive overview of the power electronics markets. Its “Top-down” and Bottom-up” methodologies, industry knowledge and technical expertise enable its analysts to cover the whole power electronics supply chain. The power converter field, the EV/HEV industry, the power IC market and more… are part of the 2017 edition.
What is the status of the power electronics industry? Yole’s analysts offer you today a snapshot of the markets and highlights the business opportunities.
“The power electronics sectors continue to expand their presence almost everywhere,” announces Mattin Grao Txapartegi, Technology & Market Analyst at Yole. “Renewable energies and e-mobility, including EV/HEVs, are especially boosting this market. Both solar and EV/HEV converter markets grew by over 20% between 2015 and 2016.”
At the semiconductor level, the power semiconductor market grew by 3.8% compared to 2015. This year, Yole has enlarged its power semiconductor market analysis to all types of power ICs including power management ICs, linear regulators and switching regulators, representing a total market of US$28 billion.
Among all the different types of power devices including thyristors, MOSFETs, IGBTs and power ICs, IGBTs made the greatest progress, with around 8% growth.
Power devices fuel and enable industry mega trends reaching almost US$35 billion in 2022.
“Today, much power device novelty comes from a new family of WBG semiconductors, SiC and GaN”, says Ana Villamor Technology & Market Analyst at Yole. And she adds: “WBG benefits such as the performance and market needs accelerate their adoption in more and more applications. At Yole, we expect an increase of WBG market revenues reaching with over 30% CAGR between 2016 and 2022.”
Besides WBG devices, many other innovations are also emerging, as in power module packaging. Needs for higher power density and more highly integrated products have made some traditional technologies and materials outdated. Package evolution is responding to stricter requirements at the system level, and as ever here the automotive industry is driving innovation and growth.
Suggested Items
Book Excerpt: The Printed Circuit Assembler’s Guide to... Factory Analytics
04/24/2024 | I-Connect007 Editorial TeamIn our fast-changing, deeply competitive, and margin-tight industry, factory analytics can be the key to unlocking untapped improvements to guarantee a thriving business. On top of that, electronics manufacturers are facing a tremendous burden to do more with less. If you don't already have a copy of this book, what follows is an excerpt from the introduction chapter of 'The Printed Circuit Assembler’s Guide to... Factory Analytics: Unlocking Efficiency Through Data Insights' to whet your appetite.
Elevating PCB Design Engineering With IPC Programs
04/24/2024 | Cory Blaylock, IPCIn a monumental stride for the electronics manufacturing industry, IPC has successfully championed the recognition of the PCB Design Engineer as an official occupation by the U.S. Department of Labor (DOL). This pivotal achievement not only underscores the critical role of PCB design engineers within the technology landscape, but also marks the beginning of a transformative journey toward nurturing a robust, skilled workforce ready to propel our industry into the future.
Winner of The Science Show Rakett 69 Receives Incap Scholarship
04/24/2024 | IncapThe winner of the Rakett 69 science show, Andri Türkson, who stood out as an electronics enthusiast, received a scholarship from Incap Estonia, along with an internship opportunity in Saaremaa.
Alternative Manufacturing Inc. Awarded QML Requalification to IPC J-STD-001 and IPC-A-610
04/24/2024 | IPCIPC's Validation Services Program has awarded an IPC J-STD-001 and IPC-A-610 Qualified Manufacturers Listing (QML) requalification to Alternative Manufacturing Inc (AMI).
Boeing's Janene Stinson Earns IPC Excellence in Education Award at IPC APEX EXPO 2024
04/22/2024 | IPCThe IPC Excellence in Education award was presented to Janene Stinson, Boeing, at IPC APEX EXPO 2024 in Anaheim, California, in recognition of her significant contributions to workforce development and leadership.