Electric vehicles drive power electronics market

Vehicle hybridization will drive the power electronics market for the foreseeable future, in what French firm Yole Developpment forecasts as

By Jessica Lipsky,EETimes, SAN FRANCISCO, Jun. 30, 2016 – The driving power of electric and hybrid vehicles (EHV) was outlined in Yole's report Status of The Power Electronics Industry 2016 , which also focused on market forecasts for wafers, inverters, MOSFETs and IGBTs through 2021. It also touches on industry consolidation.

Last year was difficult for power electronics as the market contracted, with the global value of power ICs, power modules and discrete components decreasing 3% from $15.7 billion to $15.2 billion mainly due to a drop in the average selling price (ASP) of IGBT modules. EHV will represent a major part of the IGBT module market by 2021 while the power MOSFET market is expected to reach $1.2 billion for all applications in the same timeframe.

 Back