|By PR Newswire||
|January 30, 2014 06:00 PM EST||
DUBLIN, January 30, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/5lpngm/inverter_market) has announced the addition of the "Inverter Market Trends - Forecasts to 2020 " report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
In this report, we update and present 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.
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
Our 2012 investigation confirmed that semiconductor improvements enabled more efficient conversion, lighter systems and more reliable end-products. IGBTs have improved (higher current density, thinner and faster), as have SiC and GaN-based devices. GaN could be delayed in its market introduction, but SiC is already here and several companies showed SiC power module capabilities all last year. In this report, we updated our technology roadmaps for materials and devices.
ADOPTION OF POWER STACK IS DRIVING THE MODULAR APPROACH ACROSS APPLICATIONS
This report also highlights the power stack trend that was surveyed closely in 2012!
The Power Stack is the custom design and manufacturing of an inverter's sub-unit which includes only the core components: power semiconductor module, cooling system, capacitors, resistors, current sensors, busbars and connectors,
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
Power electronics often requires having several types of knowledge and experience gained know-how in mechanics, electronics, semiconductors, electrics, fluidics and hydraulics, and connectors. Therefore, development can be complicated and final products expensive.
Key Topics Covered:
Analysis and global market forecasts
- Hyundai Rotem
- ON Semiconductor
- Schneider Electric
- Seika Electric
For more information visit http://www.researchandmarkets.com/research/5lpngm/inverter_market
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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