Growth in electricity demand across
the world is expected to boost demand for semiconductors for alternative
energy technology market. Fossil fuel holds the major portion of the
electricity generation mix. However, as fossil fuels are growing
contributor to greenhouse gases, the governments are increasing their
focus on policies and legislation to improve their energy efficiency.
Demand for energy efficiency is expected to create new growth
opportunities in the semiconductors market. Moreover, increasing oil
prices are likely to act as a growth catalyst for the global
semiconductor for alternative energy technology market. Growing consumer
awareness and incentive schemes by the governments are likely to
augment growth in the global semiconductor for alternative energy
technology market.
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Semiconductors are the key components
for optimized energy generation and connection to numerous renewable
energy technologies including photovoltaic cells and wind-turbines.
Technological advancement and development in high power semiconductors
further boosts the global demand for semiconductors for alternative
energy technologies. Improvements in the bipolar devices, with the
introduction of Integrated Gate-Commuted Thyristor, are also anticipated
to play a key role in growth of semiconductor for alternative energy
technology market. The semiconductors are used for transmission of the
power of the grid and conversion of the power in the plant.
Better power electronics is likely to
reduce global electricity consumption through efficient electronic
control of the growing number of IT Systems, Light, and Motors. The
global semiconductors for alternative energy technologies market can be
segmented by product, technology and geography. On the basis of
technologies, the global market for semiconductors for alternative
energy technologies can be given by Microcontroller (MCU), Analog
Circuits, Advanced Mixed Signals, Digital Signal Processing, Advanced
Power Conversion ICs, Optoelectronics, and Advanced Insulated-gate
Bipolor Transistor (IGBT). On the basis of products, the global market
for semiconductors for alternative energy technologies can be classified
as semiconductors used in inverters which include Discrete, Digital
Signal Processing (DSP), Microcontrollers, Silicon Carbide
semiconductor, Metal-oxide-semiconductor field-effect transistor
(MOSFET) and IGBTs. The market can also be classified on the basis of
alternative energy technologies using semiconductors. The segmentation
can be given as wind, solar, storage, fuel cells, nuclear, and
geothermal.
The global semiconductor for
alternative energy technology market is likely to grow at significant
rates in the near future. Increasing demand for energy is expected to
drive global demand for semiconductor for alternative energy technology.
Furthermore, government support in the form of feed-in-tariffs and
renewable portfolio standards are anticipated to propel growth in this
market. Currently, Europe dominates the market owing to the growth in
the renewable energy industry.
North America is a key player in the
semiconductor for alternative energy technology market. The same
geographical trend is likely to continue over the forecast period. Asia
Pacific is likely to be an emerging growth market for semiconductor for
alternative energy technology. Investments in alternative energy
technologies coupled with technological development and advancement are
likely to provide ample opportunities of growth in this market. Solar
and wind energy technologies are the growing market for semiconductors.
These technologies are likely to grow at the highest rates in the
future.
Some of the key players in the global
semiconductors for alternative energy technologies market include ABB
Limited, Solar Semiconductor Ltd., Solantro Semiconductor Corporation,
Hemlock Semiconductor Group, Udhaya Semiconductors Limited (USL), and
Wind Semiconductor Inc.
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This research report analyzes this
market on the basis of its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints.
It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing
market players and new entrants along with detailed value chain
analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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