Lux Research
Energy Electronics
FromLux Research
The market for power electronics will reach over $100 billion in 2020 led by applications including renewables, transportation and on-grid T&D. Power electronics is the key technology to build the next generation of electrical energy systems to support the major trends in renewables & electric vehicle integration and the creation of the smart grid. Trends in electricity conversion are driving technologies and materials that enable smaller, distributed, more efficient devices.
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To profit from these rapidly evolving markets, companies need to:
- Identify emerging technology developers and recognize those with high potential
- Sort through numerous potential applications to see where adoption will occur first
- Evaluate where LED and power electronics technologies converge and diverge
- Assess unmet needs to find opportunities
- Establish realistic cost, pricing, efficiency, and adoption projections
- Rely on credible market sizes and forecasts