Power electronics: towards a better, greener, and less costly world?
What products to target and strategy to choose in the rapidly evolving power electronics market?
- The total power semiconductor device market is expected to reach US$59.6 billion in 2027.
- The discrete and module power device market is expected to reach US$30.5 billion in 2027.
- The power electronics market is mainly driven by efforts to slow down climate change through CO2 emission reductions and increasing system efficiency, and by digitalization trends.
- Infineon Technologies, onsemi, STMicroelectronics… discover the ultimate 2021 power electronics player rankings.
The power electronics market is mainly driven by efforts to slow down climate change (by reducing CO2 emissions and increasing system efficiency), and by digitalization trends. Trends such as “electrification”, “batteryfication”, and “automation” boost the demand for power electronics systems and devices.
The power electronics discrete and module device market will feature a 2021-2027 CAGR of 6.9%. This growing demand for power electronics devices is coming from various booming applications, such as electric and hybrid electric vehicles (xEV), factory automation, photovoltaics, wind turbines, UPS , and home appliances.
In this dynamic context, Yole Intelligence has developed a dedicated report to provide an overview of the digital X-ray imaging industry with a focus on detector components, including the different types of technologies. In its new Digital X-Ray Imaging 2022 report, the company, part of Yole Group, provides an understanding of the main trends in the different segments of digital X-ray imaging with a forecast of the market value and associated volumes. It also gives supply chain insights describing the different levels of integration and the players comprising the ecosystem. It provides data on the market shares of the different types of X-ray detectors. This study offers an understanding of the technologies underlying the significant innovations with associated challenges and roadmaps.
Yole Intelligence has developed a dedicated report to examine closely the status of the entire power market. In its new Status of the Power Electronics Industry 2022 report, the company, part of Yole Group, provides a comprehensive overview of the main power applications and relevant market trends and their impact on the development of the technology.
Milan Rosina, Ph.D., Principal Analyst, Power Electronics and Batteries at Yole Intelligence“2021 was marked by increasing global demand for power electronics that has basically impacted all major players. Looking closer at the top power electronics player’s rankings, we see that Infineon Technologies is a clear leader, far ahead of its two leading competitors: onsemi and STMicroelectronics. These companies are followed by many smaller power electronics players.”
Consolidation of the power electronics supply chain is expected in the coming years. From Yole Intelligence’s analysis, every ranked company will remain significant- though behind Infineon Technologies – provided it merges or acquire a company with a key product in its portfolio. Moreover, manufacturing capabilities need to be increased to be able to keep or increase their share of the market.
Titre du visueljune 2021
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In addition, an increase in device design and back-end and testing capacity needs to be reinforced. In this regard, big investments have already been announced in power device manufacturing: more than US$16 billion was spent on new facilities with at least partial power device production allocation during the 2020-2025 period.
Ana Villamor, Ph.D., Team Lead Analyst for power electronics activities within the Power and Wireless division“At Yole Intelligence, we estimate that there will be no disruptive power electronics technology coming to the market in the next few years since the last major disruption – the emergence of SiC & GaN – is still playing out and is grabbing a share of the traditional silicon market. Nevertheless, several technologies are being developed that will come to fruition in the long-term, such as diamond, SiC IGBTs, and gallium oxide.”
In any case, there is much happening in different areas (at system, device, and wafer levels) to reduce losses, lessen environmental imprint, and reduce costs. For instance, all technologies are moving to larger wafer sizes, toward 12-inch for power silicon devices and 8-inch for GaN and SiC, which will reduce costs.
Yole Intelligence power electronics team invites you to follow the industry and the evolution of the technology on www.yolegroup.com.
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- CAGR : Compound Annual Growth Rate
- UPS : Uninterruptible Power Supplies
- SiC : Silicon Carbide
- GaN : Gallium Nitride