Yole forcasts $44 B inverter market to exceed $55 B by 2016from 2011 to 2016
IGBT-modules market to reach $1.64 billion in 2012; report predicts 29% CAGR from 2011 to 2016
Continued strong interest in green energy, power electronics for electricity conversion is experiencing important growth. Starting with a total inverter market size of almost $44 billion in 2012, Yole Développement estimates that it should reach more than $55 billion by 2016, with a high CAGR for applications such as EV/HEVs and renewable energy.
In its recent reports, Inverter Technology Trends & Market Expectations, Yole anticipates the overall shipments of inverters for every power range should reach almost 28 million units. As a consequence, semiconductor power modules market—mostly driven by IGBT modules—will also reach important values: $1.64 billion in 2012 thanks to EV/HEV applications having a 29% CAGR from 2011 to 2016.