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Status of the Power Electronics Industry 2017
Jul.2017

yole_2016-2022_market_size_for_power_devices_2017
6 490 €

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Description

Note from the publisher: The report will be available from August 9, 2017.

Yole Power electronics industry 2017 couv flyer

Power devices fuel and enable industry mega trends reaching almost US$35B in 2022.

Solar and electric vehicle power converter markets grew spectacularly – by more than 20% – last year, driving growth in the expanding IGBT market

The power electronics sectors continue to expand their presence almost everywhere. Renewable energies and e-mobility, including electric and hybrid vehicles (EV/HEVs), are especially boosting this market. Both the 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 Développement has enlarged its power semiconductor market analysis to all types of power integrated circuits (ICs) including power management ICs, linear regulators and switching regulators, representing a total market of $28B. Among all the different types of power devices including thyristors, MOSFETs, IGBTs and power ICs, IGBTs made the greatest progress, with around 8% growth.

Yole Développement’s decision to start analyzing the power IC market evolution closely is part of an effort to cover the whole power spectrum of this market. We now encompass the complete range from low power, low voltage, highly integrated power management ICs in mobile phones to more robust, high power IGCT modules used in trains.

The report also covers the fast-emerging wide band gap (WBG) semiconductor market, identifying today and tomorrow’s leading silicon carbide (SiC) and gallium nitride (GaN) players and the key technological details. ‘Status of Power Electronics Industry 2017 (SPEI 2017)’ describes the evolution and forecasts the future of the power inverter, power device and silicon wafer markets.

Yole 2016 2022 market size for power devices 2017

 

 

HIGHER POWER DENSITIES AND GREATER INTEGRATION ARE TODAY THE KEY GOALS FOR SUCCESSFUL POWER PRODUCTS 

Power devices fuel and enable industry mega trends reaching almost US$35B in 2022. Today, much power device novelty comes from a new family of WBG semiconductors, SiC and GaN. This report rapidly summarizes SiC and GaN’s latest status, explaining the value they add and the challenges that remain before they become common in systems. But 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.

Therefore, Yole Développement has dedicated a whole chapter to the EV/HEV industry. The report gives electric cars market figures and Yole Développement’s forecasts through to 2022. It also explains the technological challenges and what innovations they drive, and describes the new players trying to enter this attractive market. At the power module level, over-molded double-side cooling modules are gaining interest, as well as new interconnection types in order to get rid of aluminum wire bonds. All these topics, together with integration issues, power stack products and high temperature component needs are briefly described in this extensive report, which focuses on the most attractive aspects of the power electronics industry.

 

Yole Impact of power module design on packaging materials

 

 

In 2016, ON Semiconductor purchased Fairchild, Linear Technology was bought by Analog Devices and Renesas completed its acquisition of Intersil. Who will be next? 

After Infineon’s acquisition of International Rectifier, its revenues increased 20% in 2016 compared to 2015. In order to challenge Infineon’s increasing monopoly in the power electronics market, several major moves need to happen that will reshape the player landscape. This strategy is already being implemented by some companies, reflected by certain crucial acquisitions last year. For instance, to compete on operational scale and expand its product portfolio, ON Semiconductor acquired Fairchild in 2016. This move helped ON Semiconductor to gain additional power electronic products such as medium-to-high voltage Super Junction MOSFETs and MOSFET-based modules used in automotive ignition applications. ON Semiconductor has focused heavily on the automotive market in the last few years and the acquisition of Fairchild will help increase its access to automotive customers. Another significant acquisition in 2016 was Analog Devices’ purchase of one of its main competitors, Linear Technology, which brought a wide range of power conversion products to its portfolio. Renesas, an important automotive semiconductor supplier, purchased Intersil to expand its reach into the industrial market space.

Yole Focus on Chinese semiconductor market new


In this report Yole Développement analyzes the financial situation of some key players in the power electronics industry that could be next to be acquired or make bids. It analyzes financial data from 2016 in order to provide insights on how the competitive landscape may evolve over time.

We also focus on Asian companies. Among the global top 10 companies in the power discrete and module device market there is an overwhelming Japanese presence. Meanwhile, Chinese companies are trying hard to become integrated power device manufacturers. So far, IGBT manufacturer Dynex has become part of CRRC, and there are a few basic semiconductor manufacturers, but there is not yet a threat at the semiconductor level. Instead, China’s emerging semiconductor companies have foundry or packager business models. In order to acquire know-how China is trying to make acquisitions. However, the U.S. government and recently some European institutions are taking this risk more seriously and blocking the acquisition process when they think it’s necessary. In the 2017 report, all these subjects are discussed in order to bring readers the widest knowledge of the latest moves, and perspectives for the next couple of years.

 

WHAT's new

  • Update of the power converter, power device and wafer markets and forecasts up to 2022 in $
  • A complete chapter about the EV/HEV market, technological innovations and the supply chain
  • Technology analysis update and future trends
  • Analysis of the power IC market and player market shares, for the first time
  • Analysis of the latest M&A activity
  • Updates on business opportunities in power electronics
  • Power electronics player ranking and landscape analysis for 2016


OBJECTIVES OF THE REPORT

  • Assess the market for wafers, devices, modules and inverters
  • Understand the market dynamics for the whole power electronics industry
  • Identify the key drivers that will shape the market in the future
  • Understand the main technological challenges to overcome and the solutions developed so far
  • Provide a clear overview of the EV/HEV industry
  • Identify business opportunities in power electronics
  • Present data ranking the power electronics industry leaders, describing supply chain consolidation, the latest M&A activity and future trends in the power player lands

 

 

 

Table of contents

Executive Summary 9



Power electronics market 44


> Global power electronics market
- IGBT 
- Power MOSFET
- Power IC

> Wafer level market
> Inverter market

 

 

Power electronics drivers and evolution 78


> Power density versus efficiency
> Thermal management challenges

 

 

Technology analysis 90


> Wind band gap material 
- SiC
- GaN

> Power packaging evolution
- Double side cooling
- Synergies with advanced packaging

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

> Towards more integration in power electronics 
- Power stack
- High temperature film capacitors

 

 

Electric and hybrid cars 159


> Market and forecasts
> Technology evolution
> Supply chain

 

 

Player landscape 186


> Semiconductor company ranking
> Company profiles
> M&A
> Chinese companies emerging

 

 

Conclusions 248


 

 

Companies cited

ABB
Alpha and Omega Semiconductor (AOS)
Amkor
Analog Devices
ASE Group
AT&S
BMW Group
Bosch
BYD
Continental
CRRC
Danfoss
Delphi
Denso
Dialog Semiconductor
Diodes Incorporated
DuPont Teijin Films
Dynex
EXAGAN
Fairchild
Fuji Electric
GaN Systems
General Electric
GeneSiC
Global Wafers
Goldwind
Hitachi
Huawei
Infineon
Intel
Intersil
Ixys
Kandi
Macmic
Maxim Integrated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mediatek
Microsemi
Mitsubishi Electric
Nanium
Navitas
Nissan
NXP / Freescale
Okmetic
ON Semiconductor
Panasonic
Power Integrations
Qualcomm
Renault
Renesas
Rohm
Sanken
Semikron
Shindengen
ST Microelectronics
StarPower
STATSChipPAC
Sungrow
Tesla Motors
Topsil
Toray
Toshiba
Toyota
Transphorm
TSMC
USCi
Vishay
Volkswagen
Wolfspeed
And more...

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

KEY FEATURES OF THE REPORT

  • The power electronics semiconductor market reached $28B in 2016.
  • The IGBT market grew 8% from 2015 to 2016. In 2017, IGBTs are expecting spectacular growth, higher than 10%.
  • Solar and EV/HEV power converter markets have again increased by over 20% in 2016, driving the growth of the power electronics market.
  • Several innovations have been introduced into power packaging by various manufacturers, such as overmolded double sided-cooling modules or new interconnection technologies.
  • The Committee on Foreign Investment in the U.S. (CFIUS) blocked the acquisition of Wolfspeed by Infineon, the semiconductor global market leader.
  • Chinese companies are trying to acquire know-how in IGBT and power MOSFET manufacturing through mergers and acquisitions.