POWER ELECTRONICS MARKETS TO BOOM

Power Electronics Market to Rise 77% to $23 Billion for Discrete Components in 2024; Silicon will remain predominant with an 87% share, but new SiC and GaN technologies will be the fastest-growing – at 30% and 32% annual rates respectively…

November 19, 2014 (Lux Research)

“Power electronics – used to convert and manage electricity in devices ranging from mobile phones to pumps and motors – will grow to a market worth $23 billion for discrete components in 2024, up from $13 billion today according to Sizing-up the $23 Billion Discrete Power Electronics Market in 2024 from Lux Research…Consumer electronics and IT will account for 48% of the market in 2024, or about $11 billion… The transportation market, worth nearly $1.2 billion in 2024, will be the big driver for both SiC and GaN…[but] SiC and GaN remain a small total share of the market. For SiC, high costs will make SiC transistors less viable in many applications, while GaN's adoption will be held back by delayed product roll-outs and capacity expansions…” click here for more

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