EV/HEV, motor drives, computing and storage propel power electronics market growth, from devices to passives, packaging and integration.
More information on https://www.i-micronews.com/report/product/status-of-the-power-electronics-industry-2018.html
26. Last year we saw an impressive 8.4% year-to-
year growth rate for power electronics in the
main power inverter segments, including electric
and hybrid electric vehicles (EV/HEV), motor
drives and uninterruptible power supplies (UPS).
To understand this market it is important to
recognize that power electronics is application
driven, not technology driven, unlike other ‘More
than Moore’ electronics areas. In recent years
this market has grown thanks to megatrends such
as the arrival of the digital era or environmental
issues. We can directly link the latter to
governmental funds given by different countries
for energy efficiency improvement, increasing
sales of new power electronics systems.
As an example, the EV/HEV segment is driven
technologically by CO2 emission reduction
targets, higher efficiency requirements or less
dependency on the oil industry. Today, full electric
cars represent slightly over 5% of EV/HEV sales
volumes, while they will represent 21% by 2023.
Overall, Yole Développement's (Yole) analysts
expect the EV/HEV power electronics segment to
grow with an impressive 20.7% compound annual
growth rate for 2017-2023 (CAGR2017-2023
).
Subsidies have an enormous impact on the
renewable energy market. This can be seen in
the PV market shrinkage predicted in 2018 due to
the strong reduction of subsidies in China, which
had about the 50% of the solar global installations
in 2017. Nevertheless, Yole expects that the
market will recover in the mid-term thanks to the
decrease in cost and the increase of installations
in other regions of the world.
On the other hand, there are some new power
electronics segments that need to be developed
for the proper expansion of other existing power
markets. This is the case of the DC charging or
the stationary energy storage markets. In fact, DC
charging solutions need to be rapidly developed
to follow the growth of the EV/HEV market with
fast and efficient charging. Likewise, for further
development of the PV and wind market, stationary
energy storage systems need to be expanded.
In this report, Yole summarizes the different trends
on power electronics driving applications, with the
main technology developments associated with each
application.
STATUS OF THE POWER ELECTRONICS INDUSTRY 2018
Market & Technology report - August 2018
POWER ELECTRONICS: AN APPLICATION DRIVEN MARKET
EV/HEV, motor drives, computing and storage propel power electronics market growth, from devices
to passives, packaging and integration.
KEY FEATURES
•The power electronics
semiconductor market reached
$32.7B in 2017 and we expect the
growth to continue in 2018
• The IGBT market grew 11.7% from
2016 to 2017. In 2018, IGBTs are
expecting similarly spectacular
growth, higher than 10%
• EV/HEV growth is confirmed,
making this the dominant segment
for technology innovation
• Solutions for thermal management
and harsh environments are
attracting increasing interest
• The entrance of SiC and GaN
devices will grab market share
from silicon
• The PV market will drop from 2018
due to cut of subsidies in China but
is expected to progressively recover
• Yole Développement's analysts
expect the power module market
to take share from discrete devices
WHAT’S NEW
• Update on power electronics wafer
level market from 2017 to 2023
• Update on power electronics
major discrete and module
segments including IGBT, MOSFET
and Power IC from 2017 to 2023
• Update of power electronics
inverter market from 2017 to 2023
• Market and technology trends for
each power electronics application
• Focus on EV/HEV market and on
technology and packaging trends
• Passive components, batteries,
power stack technological trends
• Harsh environments and thermal
management in power electronics
• Wide band gap section update,
with GaN and SiC market
• Other compound semiconductors
for power electronics
• Company profile updates with
2017 revenues and key features
• Power electronics player ranking
and landscape analysis for 2017
• Analysis of the latest MA activity
(Yole Développement,August 2018)
Climate change
Governmental subventions
Artificial Intelligence
Adjacent application needs
Digital era
2017
2010
From niche to new applications
PV
Motor drive
Rail
EV/HEV
UPS
Wind
Power Supply
Server and
Data Center
LiDAR
Charging
Station
Wirless
Power
PV
Wind
Motor drive
UPS
Rail
EV/HEV
Power Supply Server and
Data Center
What is driving the power electronics industry?
POWER ELECTRONIC SEMICONDUCTOR DEVICES GREW 11.7% FROM 2016TO 2017
The total power electronics market was worth
$32.7B in 2017, with power ICs representing
about the half of that. Last year saw a boom in the
power electronics semiconductor market with an
impressive 11.7% year-to-year growth rate, mainly
due to the increase in sales in IGBT devices for EV/
HEVs and motor drives. Demand for computing
and storage and for automotive segments also
boosted the MOSFET device market by 8.3% in
2017.
27. STATUS OF THE POWER ELECTRONICS INDUSTRY 2018
Yole expects a very positive perspective over the
next five years, with a CAGR2017-2023
of over 4% for
the power device market. This will be driven mainly
by EV/HEVs, which will account for almost $1.8B
worth of MOSFETs and more than $1.9B in the
IGBT market, including both discretes and modules.
MOSFET demand will also be driven by networking
and telecommunications, which is booming with
an 8.3% CAGR2017-2023
due to the installation of 5G
network infrastructure.
Many manufacturers are therefore enlarging their
production capacities to fulfil these needs with short
shipment times. For instance, Infineon is expanding
its production capacity with 300mm fabs for power
electronics devices, including IGBTs. As many
applications in China are driven by its big domestic
demand, it is also putting a lot of effort and funding
into developing internal power electronics device
technology and manufacturing know-how to expand
downstream within the supply chain.
2017-2023 power electronics driving application evolution
for discrete and module IGBTs MOSFETs markets
(Yole Développement,August 2018)
$10.4 B
$13.2 B
2023
2017
$1.35 B
$2.3 B
Computing
Storage
$1.51 B
$2.5 B
$3.7 B
Industrial
$0.7 B
$1.4 B
Consumer [1]
$1.52 B
Home
appliance
$0.8 B
[1] Consumer segment includes Portable Wireless and Audio Image applications
$2.68 B
$3.16 B
OthersEV/HEV
$2 B
CAGR2017-2013
:
+4%
TECHNOLOGY STILL MATTERS
The power electronics market needs to evolve with
regards to efficiency and thermal management due to
the large power loads systems are handling. The main
players need to invest in technology development to
reduce device and system costs, to reduce weight
and size without impairing thermal management or
reliability. Optimized solutions are being implemented
at device, packaging, module, power stack or inverter
levels. Passive components have to be also adapted
to fully use the potential of new semiconductor
materials, devices and system designs.
Yole sees a strong improvement axis that relies on
device development, either in silicon or in wide band
gap materials like SiC or GaN. Therefore, end-users
could achieve higher system efficiencies, going to
higher frequencies and higher power densities by
using more compact systems or even integrating
them in a single chip. However, even as SiC penetrates
different applications, silicon solutions are still being
developed and optimized for high efficiency systems.
As an illustration, we saw the new generation of
Infineon’s IGBT coming to the market last year.
In this report, Yole’s analysts summarize different
technology improvements and trends for the full inverter
components. That includes the challenger materials SiC
and GaN, which must still battle to ramp up production.
Yole's analysts show how technology advances are linked
to application needs like the power module innovations
required for EV/HEV.
Improvement trends* for different system components
(Yole Développement,August 2018)
Power
modules/IPM
DC link
capacitors
Laminated
busbars
Cooling
systems
Current
sensors
Switching
drivers
Fuses, over voltage
protections, etc.
• Wide Band Gap
• High temperature packaging
• Advanced packaging in power
(WLP, embedded)
• High operating
temperature and high
voltages
• Signal and power connections in one device
• Integration of water pipes
• Direct liquid systems
• Coreless transformer
isolation
• Capacitive coupling
isolation
*Non-exhaustive list
• Higher operating temperature
• Improved accuracy
• Small and compact designs
• Faster response time
• Higher operating
temperature
• New substrate materials
• Bond-free interconnections
• New encapsulation materials
• High temperature packaging
Discrete
devices
28. MARKET TECHNOLOGY REPORT
COMPANIES CITED IN THE REPORT (non exhaustive list)
ABB, Alpha and Omega Semiconductor (AOS), Amkor, Analog Devices, ASE Group, ATS, AVX,
BMW Group, Bosch, BYD, Continental, Cree, CRRC, Danfoss, Delphi, Denso, Dialog Semiconductor,
Diodes Incorporated, DuPont Teijin Films, Dynex, EXAGAN, Fuji Electric, GaN Systems,
General Electric, GeneSiC, Global Wafers, Goldwind, Hitachi, Huawei, Infineon, Intel, Intersil,
Littelfuse, Macmic, Microchip, Microsemi, Mitsubishi Electric, Navitas, Nissan, NXP, Okmetic, ON
Semiconductor, Panasonic, Qualcomm, Renault, Renesas, Rohm, Sanken, Semikron, Shindengen,
Siemens, Silego Technology, ST Microelectronics, StarPower, STATSChipPAC, Sungrow, TDK, Tesla
Motors, Topsil, Toray, Toshiba, Toyota, Transphorm, TSMC, USCi, Vincotech, Vishay, Volkswagen,
Wolfspeed, and more.
What is new vs what is updated? 4
Executive summary 11
Introduction 46
Power electronics market 61
Power electronics drivers and evolution 114
Driving applications 122
Focus on EV/HEV 138
Technology analysis 153
Toward more integration in power electronics
Power stack
Passive components
- Power capacitors
- Inductors
- Bus bar
Wide Band Gap devices
- SiC
- GaN-on-Si
- Other WBG
- Battery and Power electronics
- Power electronics for harsh environment
Power electronics landscape 297
Mergers Acquisitions 334
Focus on China
Conclusions 360
TABLE OF CONTENTS (complete content on i-Micronews.com)
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details about
this report here:
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OBJECTIVES OF THE REPORT
• Assess the market for wafers, devices, modules and inverters
• Understand the market dynamics for the whole power electronics industry
• Identify the key drivers that will shape the market in the future
• To have an overview on the different components used in power electronics and its integration
• Understand the main technological challenges to overcome and the solutions developed so far
• Provide a clear overview of the different applications driving the power electronics business
• Present data ranking the power electronics industry leaders, describing supply chain consolidation,
the latest MA activity and future trends in the power player landscape
Dr. Ana Villamor is involved
in many custom studies and
reports focused on emerging
power electronics technologies at Yole
Développement, including device technology
and reliability analysis (MOSFET, IGBT, HEMT,
etc). In addition, Ana is leading the quarterly
power management market updates released in
2017. Previously Ana worked within the CNM
research center and for the leading power
electronic company ON Semiconductor. During
this partnership and after two years as Silicon
Development Engineer, she acquired a relevant
technical expertise and a deep knowledge of
the power electronic industry. Ana is author and
co-author of several papers as well as a patent.
She holds an Electronics Engineering degree
completed by a Master in micro and nano
electronics, both from Universitat Autonoma
de Barcelona (SP).
Dr. Milan Rosina has
20 years of scientific, industrial
and managerial experience
involving equipment and process development,
due diligence, technology, and market surveys
in the fields of renewable energies, EV/HEV,
energy storage, batteries, power electronics,
thermal management, and innovative materials
and devices. He received his Ph.D. degree from
National Polytechnical Institute (Grenoble,
France). He previously worked for the Institute
of Electrical Engineering in Slovakia, Centrotherm
in Germany, Fraunhofer IWS in Germany, CEA
LETI in France, and utility company ENGIE in
France.
Alejandra Fuentes
Suarez researches the
latest developments in
power converter topologies, passive
components, power modules packaging
and EV/HEV every day. Previously she
acquired extensive expertise in the design
of power converters for solar, wind,
hydro and motor drive applications at
Semikron (FR). Alejandra graduated from
UJF (Grenoble, FR) and INP (Grenoble,
FR) as an electrical engineer, specializing
in design of power electronics systems.
She also holds an advanced master’s in
the field of marketing and management of
energy from the Grenoble Business School
(Grenoble, FR).
As analysts within the Power Wireless division at Yole Développement Dr. Ana Villamor, Dr. Milan Rosina
and Alejandra Fuentes Suarez co-authored the Status of the Power Electronics Industry 2018 report:
AUTHORS
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