Beyond Silicon: Plotting GaN and SiC’s Path within the $15 Billion Power Electronics Market

March 27, 2012 | State of the Market Report

Power electronics provide efficient, intelligent, and optimal control of electricity in applications from consumer electronics to electric motors to renewables on the grid. They’re growing in importance both because of increasing drive for energy efficiency and because of resurgence in innovation in power electronic components, including materials innovations such as silicon carbide (SiC) and gallium nitride (GaN). We looked at four key industries segments where emerging power electronics can have the biggest impact – buildings and industrial, electronics and IT, renewables and grid storage, and transportation. We project the market for discrete power electronic components in these industry segments will reach $15 billion in 2020, and SiC and GaN devices will account for $3.3 billion, 22% of the total.

Table of Contents

  • Executive Summary
  • Landscape
    Increasing impetus on energy efficiency is driving the growth of power electronics, which in turn will enable significant cost savings
  • Analysis
    The market for discrete power electronics components in these industry segments will grow to over $15 billion in 2020, with SiC taking 14% market share and GaN reaching 8%.
  • Outlook

Lead Analysts

Daniel Cline
Senior Analyst
Pallavi Madakasira