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Feb 20th, 2013
The inverter market to be $45 billion in 2012 and to reach $71 billion by 2020, estimates Yole Développement
Yole Développement announces its Inverter Market Trends for 2013 – 2020 and major technology changes report.
Yole Développement announces its Inverter market trends for 2013 – 2020 and major technology changes report. Yole Développement’s report provides a focus on the six most attractive applications (PV, wind turbines, EV/HEV, rail traction, motor drives and UPS) and a new analysis on power stack trend from the previous report. Yole Développement also updated the technology trends, market forecasts until 2020, supply chain analysis and regional players strategies and comprehensive understanding of dynamics for passive components and semiconductor devices.
There is significant growth in the inverter market, which reached $45 billion in 2012 for motion and conversion
In this Yole Développement report, the analyst updates and presents market forecasts until 2020. “We estimate the inverter market to be $45 billion in 2012 and to reach $71 billion by 2020. A total of more than 28 million units were shipped in 2012 and we estimate that will grow to 80 million units in 2020,” explains Brice Le Gouic, Activity Leader, Power Electronics at Yole Développement.
Thus, the main components of inverter, passive and semiconductor modules (that we will find in power stacks) represent enticing industries. The power module market was $1.9 billion in 2012 and passive components achieved a market size of more than $4 billion, including capacitors, resistors, connectors, busbars and - newly added in this updated report - magnetic components (inductors and transformers).
As expected, wide band gap semiconductor devices have also started to penetrate those high-end market segments: SiC is present in PV inverters – a total market size of $43 million primarily driven by diodes in micro-inverters, but also by JFETs – and GaN which should be introduced in 2013.
Semiconductor technological developments continue to evolve and sharpen inverter performance
Adoption of power stack is driving the modular approach across applications
Power Stack is the innovative sub-system of an inverter. Inverter and device makers are becoming power stack manufacturers for several reasons:
Large firms such as Ingeteam, Semikron or ABB are now involved, but power stack also interests smaller players such as AgileSwitch – former IGBT driver manufacturer – who are part of this about $500 million market.
Major changes are happening across the supply chain
As a consequence, Yole Développement analyst has observed and analyzed in this report two main trends coming out of the power electronics industry:
More information on the report here.
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