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High Power Electric Device Market to Hit $570 million by 2015 Says Report Buyer - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report
High Power Electric Device Market to Hit $570 million by 2015 Says Report Buyer

 

NewswireToday - /newswire/ - London, United Kingdom, 2010/03/10 - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report.

   
 
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The report “High voltage power electronics market and technology trends” is a new markets and technological study dedicated to the high voltage power electronics industry. According to the report, the power electronics market is booming. More importantly, power devices for application markets >1.7kV like wind power converters, electricity transportation and distribution (T&D), rail traction and ship and vessel propulsion correspond to high added-value businesses.

The power electronics market’s 2010 size of $405 million (including power devices and power modules) is small compared to lower voltage markets, but they remain very dynamic and offer the potential of high margins.

These market developments are primarily driven by energy saving considerations and green technology developments. They are actively supported – e.g. electricity T&D – by several governments and leading companies are working to improve their technology.

The total market for high power devices and modules (including IGBTs, thyristors and diodes) was $390 million in 2009 and is expected to ramp up to more than $570 million by 2015.

Rail traction will contribute more than 65% of this value because of the high level of production it represents and the number of inverter units per locomotive.

Electricity T&D will benefit from the strongest CAGR between 2010 and 2015: 11.1%. Indeed, we expect plenty of work to be realized for HDVC transportation, and ABB to provide an important contribution to HVDC light architecture by making IGBTs.

Wind turbine converters have not suffered so much from the 2009 crisis, and their growth is expected to be the second strongest, with 2010 – 2015 CAGR of more than 9%.

Finally, ship and vessel markets have been impacted unevenly in 2009. Military vessels have kept on growing – relatively to the long time period of ship manufacturing – whereas passenger yachts acquired for private use have drastically decreased. As a consequence, we estimate the global IGBT module market for ships and vessels to resume in 2013 and reach $26 million by 2015.

 
 
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High Power Electric Device Market to Hit $570 million by 2015 Says Report Buyer

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