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The future of power semiconductors in the global renewable energy market looks promising with opportunities in power generation, storage, and transmission. The use of power semiconductors in the global renewable energy market is expected to grow with a CAGR of 8% to 10% from 2022 to 2027. The major drivers for this market are favorable initiatives of governments and an upsurge in demand for energy owing to increasing investment in the renewable energy sector.
Infineon Technologies, Texas Instrument, STMicroelectronics, NXP semiconductors, ON Semiconductor, Renesas Electronics , Toshiba, ABB , GaN Systems, Littelfuse, Maxim Integrated, Microchip, and ROHM are among the major power semiconductor manufacturers for renewable energy.
 
A more than 150 page report has been developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of power semiconductor for renewable energy market report, download the report brochure.


 
Power semiconductors in renewable energy market trends and forecast by device type, application, and energy source


Power semiconductors in renewable energy market by segments
 
The study includes trends and forecast for power semiconductors in the global renewable energy market by device type, application, energy source, and region as follows:
 
By Device Type [$M shipment analysis for 2016 – 2027]:
  • SiC Discrete
  • SiC Power Module
  • GaN Discrete
  • GaN Power Module
  • IGBT Module
  • IGBT Discrete
  • SJ MOSFET
  • LV MOSFET 
By Application [$M shipment analysis for 2016 – 2027]:
  • Power Generation
  • Storage (Inverter)
  • Transmission 
By Energy Source [$M shipment analysis for 2016 – 2027]:
  • Solar Energy
  • Wind Energy
  • Other Renewables
By Region [$M shipment analysis for 2016 – 2027]:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • The Rest of the World
Lucintel forecasts that transmission is expected to witness the highest growth over the forecast period due to the growing demand for high voltage DC current infrastructure.
 
The APAC market is expected to grow at the highest CAGR during the forecast period due to environmental concerns regarding fossil fuels, rapid urbanization, technological development, and rising investment in renewable energy projects in developing economies, such as India, China, and Japan. 
 
 
Features of Power Semiconductors in the Renewable Energy Market
 
  • Market Size Estimates: Power semiconductors in the renewable energy market size estimation in terms of value ($M)
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Market size by device type, application, and energy source.
  • Regional Analysis: Power semiconductors for renewable energy market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different device types, applications, energy sources, and regions for power semiconductors in the renewable energy market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for power semiconductors in the renewable energy market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
 
 
This report answers following 11 key questions
 
Q.1 What are some of the most promising potential, high-growth opportunities for power semiconductors in the global renewable energy market by device type (SiC discrete, SiC power module, GaN discrete, GaN power module, IGBT module, IGBT discrete, SJ MOSFET, and LV MOSFET), application (storage and transmission), energy source (solar energy, wind energy, and other renewables), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of power semiconductors for the renewable energy market?
Q.5 What are the business risks and threats to power semiconductors for the renewable energy market?
Q.6 What are emerging trends in power semiconductors for the renewable energy market and the reasons behind them?
Q.7 What are some changing demands of customers in power semiconductors for the renewable energy market?
Q.8 What are the new developments in power semiconductors for the renewable energy market? Which companies are leading these developments?
Q.9 Who are the major players for power semiconductors in the renewable energy market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes of power semiconductors for the renewable energy market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the renewable energy market in terms of power semiconductor use?

Table of Contents
 
1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends (2016-2021) and Forecast (2022-2027)
3.2: Power Semiconductors in the Global Renewable Energy Market Trends (2016-2021) and Forecast (2022-2027)
3.3: Power Semiconductors in the Global Renewable Energy Market by Device Type
3.3.1: SiC Discrete
3.3.2: SiC Power Module
3.3.3: GaN Discrete
3.3.4: GaN Power Module
3.3.5: IGBT Module
3.3.6: IGBT Discrete
3.3.7: SJ MOSFET
3.3.8: LV MOSFET
3.4: Power Semiconductors in the Global Renewable Energy Market by Application
3.4.1: Power Generation
3.4.2: Storage 
3.4.3: Transmission
3.5: Power Semiconductors in the Global Renewable Energy Market by Energy Source
3.5.1: Solar Energy
3.5.2: Wind Energy
3.5.3: Other Renewables
 
4. Market Trends and Forecast Analysis by Region from 2016 to 2027
4.1: Power Semiconductors in the Global Renewable Energy Market by Region
4.2: Power Semiconductors for the North American Renewable Energy Market
4.2.1: Market by Device Type
4.2.2: Market by Application
4.2.3: Market by Energy Source 
4.2.4: Power Semiconductors for the US Renewable Energy Market
4.2.5: Power Semiconductors for the Canadian Renewable Energy Market
4.2.6: Power Semiconductors for the Mexican Renewable Energy Market
4.3: Power Semiconductors for the European Renewable Energy Market
4.3.1: Market by Device Type
4.3.2: Market by Application
4.3.3: Market by Energy Source
4.3.4: Power Semiconductors for the German Renewable Energy Market
4.3.5: Power Semiconductors for the United Kingdom Renewable Energy Market
4.3.6: Power Semiconductors for the French Renewable Energy Market
4.3.7: Power Semiconductors for the Italian Renewable Energy Market
4.4: Power Semiconductors for the APAC Renewable Energy Market
4.4.1: Market by Device Type
4.4.2: Market by Application
4.4.3: Market by Energy Source
4.4.4: Power Semiconductors for the Chinese Renewable Energy Market
4.4.5: Power Semiconductors for the Japanese Renewable Energy Market
4.4.6: Power Semiconductors for the Indian Renewable Energy Market
4.4.7: Power Semiconductors for the South Korean Renewable Energy Market
4.5: Power Semiconductors for the ROW Renewable Energy Market
4.5.1: Market by Device Type
4.5.2: Market by Application
4.5.3: Market by Energy Source
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Geographical Reach
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for Power Semiconductors in the Global Renewable Energy Market by Device Type
6.1.2: Growth Opportunities for Power Semiconductors in the Global Renewable Energy Market by Application
6.1.3: Growth Opportunities for Power Semiconductors in the Global Renewable Energy Market by Energy Source
6.1.4: Growth Opportunities for Power Semiconductors in the Global Renewable Energy Market by Region 
6.2: Emerging Trends in Power Semiconductors for the Global Renewable Energy Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Renewable Energy Market by Power Semiconductor Use
6.3.3: Technology Development
6.3.4: Mergers and Acquisitions in the Global Renewable Energy Industry by Power Semiconductor Use
 
7. Company Profiles of Leading Players
7.1: Infineon Technologies
7.2: Texas Instrument
7.3: STMicroelectronics
7.4: NXP semiconductors
7.5: ON Semiconductor
7.6: Renesas Electronics
7.7: Toshiba
7.8: ABB 
7.9: GaN Systems
7.10: Littelfuse
7.11: Maxim Integrated
7.12: Microchip
7.13: ROHM
 
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
  • Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in this market. 
Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
 

 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
 

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