NEW TRIPOLI, USA: Riding on the coattail of huge increases in alternative energy installs in 2010, semiconductors used in these applications saw double digit growth, according to a new report from The Information Network, titled: Semiconductors for Alternative Energy Technologies: Opportunities and Markets.
The market for semiconductors for solar and wind grew 25.4 percent in 2010, reaching revenues of $1.4 billion. Revenues from these two alternative energy technologies will grow another 26.5 percent in 2011.
Renewable, alternative energy technologies continue to grab the attention of private industries and world governments. Semiconductors are used in these technologies to convert the energy or power to something functional, such as converting solar energy into electricity.
Semiconductors used in products such as inverters, include MOSFETs, IGBTs, SiC, microcontrollers, DSPs and discretes. The overall global market for PV inverters well more than doubled in 2010, driven by main European markets. While the top 10 inverter suppliers were European, IC manufacturers of these devices have a more global presence.
Alternative energy technologies analyzed in the report are: Solar, wind, fuel cells, storage, geothermal and nuclear.