Inverter industry is about to change!

LYON, FRANCE: The “$65 billion inverter market by 2020 will be driven by multiple applications,” announced Yole Développement (Yole) in its new report “Inverter Technology Trends & Market Expectations”.

The inverter market will be driven by three factors: electrification trends in transportation, the need for power conversion optimization for CO2 emission reduction, and the development of clean electricity sources. Such strong and sustainable drivers will make the inverter market grow.

In parallel, Yole’s analysts clearly identify a transformation of the inverter market supply chain: the inverter industry is about to redefine itself.

“The largest markets in 2020 (in revenues) will be represented by motor drives, UPS, and PV,” explains Dr Pierric Gueguen, activity leader, Power Electronics and Compound Semi, at Yole. “The strongest market growth will be featured by EV/HEV, with 18.3 percent CAGR (in revenues) between 2013 and wind and UPS markets remaining almost flat,” he adds.