$2B chip market in alternative energy

Alternative energy systems and the semiconductors used in them could grow at an annual rate of as much as 40 percent over the next several years, according to a new market research report. Solar, wind and fuel cell systems consumed an estimated $800 million in semiconductors in 2008, a figure that could rise to nearly $2 billion by 2012, according to the report from The Information Network (New Tripoli, Penn.). The chips involved are primarily MOSFETs, IGBTs, microcontrollers, DSPs and discretes used to convert the renewable energy from AC to DC power. Some of the anticipated growth will come as the result of the recently passed economic stimulus package that calls for spending about $43 billion on alternative energy including about $4.3 billion on smart electric grids.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.

Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

SMA America - Introducing the New Sunny Boy 5.0/6.0-US

SMA America - Introducing the New Sunny Boy 5.0/6.0-US

The Sunny Boy 5.0-US / 6.0-US features a wealth of improvements and joins SMA's lineup of field-proven solar technology backed by the world's #1 service team. The world's first Secure Power Supply now delivers up to 2,000 W of opportunity power when the grid goes down and the sun is shining. Installation has never been easier thanks to SMA's Installation Assistant, direct access via smartphone, and integrated DC disconnect. The Sunny Boy's multiple independent input channels, each with SMA's OptiTrac™ Global Peak, mean hundreds of stringing configurations for flexible system design while solving the challenges of complex roofs and shading. The residential PV market is changing rapidly, and we understand that your bottom line matters more than ever. That's why we've designed a superior residential solution that will help you decrease costs throughout all stages of your business model. The Sunny Boy 5.0-US and 6.0-US are once again raising the bar by offering improved performance, enhanced features, and most importantly, cost savings across the entire spectrum of residential installation processes.