SAN JOSE, Calif. – The market for semiconductors for solar and wind energy-generation systems will grow 26.5 percent in 2011, after expanding 25.4 percent in 2010 to reach revenues of $1.4 billion. That was one conclusion from a new report by market watchers at The Information Network.
The chips are "riding on the coattails of huge increases in alternative energy installs in 2010," said Robert Castellano, president of the firm. "Renewable, alternative energy technologies continue to grab the attention of private industries and world governments," he added.
For example, the global market for photovoltaic inverters more than doubled in 2010, driven by major European markets. The top 10 suppliers of inverter systems and subsystems were European, the report said.
The report looks at a range of alternative energy systems including geothermal, nuclear, fuel cells and other energy storage systems. Semiconductors used in these products include MOSFETs, IGBTs, microcontrollers, DSPs, and discrete, it said.