Feedback requested for power electronics green paper
PowerelectronicsUK has released research findings on the power electronics market opportunities for the next five years, and is looking for interested parties to provide feedback before 9th January 2015. The research, which is currently published as a greenpaper, will feed into the publication of a whitepaper in March 2015 based on the feedback received.
The paper, entitled ‘Prioritisation of Enabling Technologies for Power Electronics to Enable UK Industry to Capitalise on Market Opportunities’ follows on from the highly successful and influential report: ‘Power Electronics: A Strategy for Success’, which highlights the importance of power electronics as an engineering discipline to the UK economy. The report details the challenges, opportunities and actions required to strengthen the industry in the UK.
Power electronics has a global market of £135bn, growing at 10% per annum. The industry is key to the development of a low carbon economy and enables growth in applications like the smart grid, electric vehicles and renewable energy.
Terence Watson, Chairman of PowerelectronicsUK and Country Manager and Managing Director, Alstom, said: “The UK's world leading capabilities in power electronics give us an opportunity to drive growth in the sector - and the UK as a whole. This green paper will help us to identify the best priorities for investment. We encourage the industry and government to engage on the future of power electronics in the UK, and its role as an enabler for economic growth.”
“The launch of the green paper is highly significant to development of the power electronics industry in the UK and I would encourage all interested parties to provide feedback,” added Kevin Daffey, CEO, PowerelectronicsUK and Global Head of Electrical Power and Control Systems, Rolls-Royce.
Derek Boyd, CEO, NMI, commented: “In recent years we’ve made strong progress on raising the visibility and importance of power electronics to the UK economy. This green paper is the next notable development as the UK ensures it invests in the areas in which it has commercial and strategic interests.”