Yole Group announces green electronics report
In this piece by Yole Intelligence, part of Yole Group, the company announces its industry document: the 'Status of the Power Electronics Industry 2022' report.
The power electronics market is mainly driven by efforts to slow down climate change (by reducing CO2 emissions and increasing system efficiency), and by digitalisation 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 to 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.
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.
According to 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.”
For the full story, click this link to Yole Group's article entitled: 'Power electronics: towards a better, greener, and less costly world?'