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Status of the Chinese Power Electronics Industry 2015
Nov.2015

chinas_wbg_industry_yole_report
5 990 €

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Description

couv flyer chinese power

Government initiatives and private companies are boosting power electronics market opportunities, enabling Chinese players to compete internationally.

Driven by government policy and private companies, Chinese power electronics are promising.
In 2014, almost 40% of power semiconductor devices, including FETs, IGBT, Thyristors, Rectifiers and Diodes, were shipped in China, representing a $6B market. There is no doubt that today’s China represents one of the most important markets for power electronics.

As for its macro-economy, the Chinese government plays an important role in directing the power electronics market.  For example, because of serious pollution problems the Chinese government has established a comprehensive policy framework in terms of research, technology innovation, finance, and tax incentives to support the development of a New Energy Vehicle (NEV) industry. Many white papers have been released and different subsidies and tax cuts are available to promote the market.

Government support drove strong growth in the Chinese NEV market in 2014, mainly Battery Electric Vehicles (BEV) and Plug-in Hybrid Electric Vehicles (PHEV). 75000 NEVs were sold in China, nearly three times 2013’s figure. In 2015, NEV sales continue to explode – in the first six months they surpassed the total sales for 2014.  Numerous local suppliers are developing NEVs, including both private and state-owned companies, such as BYD, BAIC, CHERY, SAIC and JAC. Foreign brands including Tesla and Volkswagen are also competing in this market. The rapid growth of the NEV market translates to an explosion in the inverter market, growing sixfold from 2014 to 2020 to reach $596M.  

Government policy and private companies are strong drivers.  The report analyses their impact in various applications, including NEVs, photovoltaics (PV), wind turbines, transmission and distribution, rail traction, Uninterruptible Power Supplies (UPS) and motor drives.

2014 power device market size Yole report
Chinese players are increasingly competing internationally
The Chinese power electronics market used to be dominated by foreign players. That situation is rapidly changing. Local players with different business models are emerging in different sectors, challenging the established ones, not only in China but also internationally.

For example, in ten years the Chinese railway industry has evolved from an importer to a net exporter. The recent government-directed merger of CSR and CNR created a new state-owned rail giant CRRC, which is bigger than Siemens, Alstom and Bombardier together. Beside its dominating position in China, CRRC has already begun to compete with its former teachers by offering cheaper solutions as it is the case of Boston’s subway contract.

In a more liberal market, such as PV, the current market leader in China – Sungrow – is also famous outside of China. Newcomers like Huawei – a global information and communication technology (ICT) solutions provider – have brought new business concepts and are likely to challenge Sungrow’s leading position in China and become known worldwide, as they have done in ICT.


The Chinese power electronics market is going through a rapidly changing period. In this unsettled market, all companies – both foreign and local – need to find their own position. The report gives a detailed description of the power electronics environment and value chain in China.

Diverse business models of local players Yole report
China is investing in power semiconductors, aiming to catch up with more developed countries.
Local players in China are making progress at the end application and inverter levels. Some of them are capable of competing with established players in the international market. However, when moving down to the power semiconductor level, the technology gap between Chinese players and established players grows. For example, China still imports more than 95% of the IGBTs it uses.

In this context, China is investing to catch up with developed countries. Several recent news items, such as the opening of CSR Times Electric’s 8-inch IGBT wafer and module production base and the 6500V/200A IGBT module co-developed by Yongji and ASMC, show China’s progress in power semiconductors.

Besides investing in silicon-based semiconductors, the Chinese government also gave significant funding to Wide Band Gap (WBG) semiconductor development and industrialization. The number of companies involved in the WBG area has grown continually since 2006. Chinese companies cover the entire value chain from WBG material to applications, both for Gallium Nitride (GaN) and Silicon Carbide (SiC).  

As in other countries, different factors contribute to market dynamics and influence the market adoption of WBG power devices and therefore the WBG industry China is targeting to have a strong position for next generation devices.

Chinas WBG industry Yole report 

Objectives of the Report

  • To answer the question of whether China’s economic slowdown has an impact on the power electronics market
  • To identify the key drivers that will shape the Chinese power electronics market
  • To describe the different market sectors in detail
  • To give an overview of the industrial landscape, local and foreign suppliers
  • To understand the market dynamics for related power electronics applications
  • To provide a market projection for the inverter market in different segments in China up to 2020.

 

Table of contents

Executive Summary 6


Introduction 21


NEV market 31


Drivers for NEVs in China
CO2 emission targets in China
Chinese government global plan
Chinese NEV subsidies, market and players
Chinese & foreign vehicle players in China
Foreign EV brands
Importation of NEVs
Chinese EV inverter market and supply chain
Chinese NEV Inverter supplier example
Joint ventures for NEVs
Battery supply chain and players
Hybrid and electric buses market
Electrified bus
Charging station in China
Forecast of inverter market of NEV in China (Munits and $M)


Rail traction 63


Train segmentation
Total length of railway in 2015 and in 2020
Urban railway development
High speed railway development
Conventional railway development
Metro BOOM
China’s rail industry development
CRRC at a Glance
Going abroad
Concept of trans-Asia railway network
Impact worldwide
Traction market supply chain
Inverters market for rail traction in China (in $M)


Photovoltaics 80



PV projects list in 2014
Newly installed PV Capacity in CHINA
Some issues of PV in China
PV inverter players on the Chinese market
Case study: Huawei PV solution
PV inverter: going out and coming in
Technical trend of PV inverter in China
Chinese PV market value chain
New installation capacity in China Forecast (GW)

 

Wind 97


Wind market worldwide
China wind market targets
NDRC’s plan for future wind electricity generation
Wind market trend in China
Wind market bottleneck: inadequate grid capactiy
Wind turbine players in China
Chinese wind turbine players abroad
Wind converter supply chain
Chinese wind turbine capacity
New installed win capacity in China forecast (GW)
Wind turbines converter market in China ($M)


Grid  112


Transmission in China
HVDC projects in China
List of coming HVDC projects already approved by the government
Technological trends in China
HVDC capacity in China
Chinese power grid operators
HVDC supply chain
Percentage of self-supply of devices in projects
Going abroad
Market forecast of HVDC in China
Semiconductor market in HVDC


Motor drive and UPS 127


Industrial inverter applications and UPS
Low voltage inverter market in China
Low voltage motor drive inverter players
Market share of low voltage motor drive inverters players (<690V)
Acquisition of leader harvest by Schneider
Most profitable local industrial inverter players
Inverter market for motor drive in China ($M)
UPS market in China
Estimation of market share of UPS suppliers in China
Annual demand for UPS inverter market in China (Munits)
Inverter market for UPS in China ($M)


Discussions 140


Different market segments
Chinese power electronics industry
Several news for IGBT in China
Local chinese IGBT players company profiles
China’s WBG industry
Reducing technology gap in power semiconductors
Vertical integration by Chinese companies
Horizontal integration by Chinese companies
Diverse business models of local players
Inverter/converter markets


Conclusions 155

 

Companies cited

ABB
Advanced Energy
AKCOME
Alex Solar
Alstom
Alternery Power System
Ankai
ASMC
Astronergy
ATL
BAIC
BELECTRIC
Bombardier
BrightKing
Brillance
Broad-Ocean
BYD
Canadian Solar
Chana
Chery
China Energine
China Guodian Corp
China Guodian
Longyuan Electrical
China Guodian Longyuan Electrical
China Huaneng
China XD Group
Chint Power
CLOU
Converteam
Corona
CRRC
CSG
CSIC Haizhuang
CSUN
Dajun Tech
Danfoss
Delta
DFM
EAST
Eastups
EDC
EDOM
Eging PV
Emerson
Envision
Fairchild
FAW
FDM
FGHEV
First Solar
Ford
Freescale
Fuji Electric
GAC
Geely
Geho energy
Ginlong Technologies
GM

Golden Dragon
Goldwind
Goodwe
Greatland Electrics
Growatt
Guoxuan
GWM
THE
Hanwha
Hanwha Solar
Hareon Solar
Henan Pinggao Electric
HG
Hiconics
Hitachi
Honda
Hopewind
HRV Electric
HT-SAAE
Huanghai automotive
Huawei Technologies
Hyundai
IMECAS
Infineon
Ingetram
Inovance
INVT
IXYS
JA Solar
JAC
JFY
JinKO Solar
Jinneng Power
JJE
JZE
KACO
Kandi
Kawasaki
Keda semi
Kehua
Kelong
Kstar
LG Chem
Lishen
Lytran
Macmic
Meiden
MERSEN
Microsemi
Mingyang
Mitsubishi Electric
Nego
NESI
New image electric
Nissan
Northern Electric
NR Electric
NXP
OMNIK

PADCON
Phoenix Semiconductor
Power Electronics
Power Leader
REN
Risen Solar Technology
RXPE
SAIC
SAJ
Samilpower
Samsung SDI
Schneider
Semikron
S-Energy
SGCC
SGEC
Shanghai eDrive
Shanghai Electric
Siemens
Silvermicro
Sineng
Sino-Microelectronics
Sinovel
SMA
SSE
SSEChina
ST Microelectronic
STEP
Sun King Power Electronics Group Limited
Sungrow
Suntech
Talesun Solar
TBEA Xinjiang Sunoasis
Techwin
Tesla
TMEIC
Toshiba
Trinasolar
United Power
Vincotech
Vishay
Volkswagen
Volvo
Wanxiang Group
Windey
Winline
XEMC
Xuji Group
Years Solar
Yingli Solar
Youser
Yutong
Zeversoalr
Zhengjiang Wal-chip
Zhiguang Electric
ZNSHINE SOLAR
Zotye
ZTE Quantum

 

 

 

 

 

 

 

 

 

 

 

 

 

 

KEY FEATURES OF THE REPORT

> The key drivers that will shape the  Chinese power electronics market

> Description of market sectors:
  • Electric vehicles
  • Renewable energy sectors
  • Grid, Traction, UPS and motor drives

> Description of the industrial landscape, including local and foreign suppliers

> Market dynamics


> Market projection and segmentation for China’s inverter market up to 2020


> The possible evolution of power electronics players in China


> Analysis of how China’s economic slowdown impacts power electronics