For the past several decades, the power industry was more focused on the incremental development of power. However, the focus has been shifted more toward the efficient use of it in the recent years. Energy efficiency has become a major impetus for social, economic, and technological changes across the globe today. So, how enterprises choose to generate, store, deliver, and use power is going to bring forth a significant global change in this decade, and power electronics have an ever-increasing role to play in it.
Today, power electronics is being used on a large scale for renewable energy conversion in a more efficient manner. It has a great impact on controlling as well as interfacing the renewable system with both the grid and standalone applications. Similarly, high power efficiency requirements in various industrial applications are driving the demand for power modules. Also, there is a growing adoption of low voltage devices and increasing usage of GaN and SiC products in various applications and sectors.
Technical innovation powered by new key components, downsizing and loss reduction enabled by new technologies, and improvement of intelligent functions are all being carried out by different players currently to achieve maximum performance while reducing power loss. Cutting-edge technologies such as artificial intelligence (AI) and the internet of things (IoT) are also being leveraged to enable the next generation of power electronics. While AI helps in developing more efficient, robust, and intelligent products, IoT is extensively adopted in manufacturing, logistics, and distribution operations.
The escalating production of electric vehicles, the imminent rollout of 5G technology, increasing demand for renewable energy storage, and other similar energy efficiency and sustainability trends across the globe are going to drive the growth of power electronics substantially in this ecade. At this juncture, there are a variety of power electronics solution providers available in the market that caters to the different needs of the enterprises. To help them choose the solution that best fits their requirement, Manufacturing Outlook has compiled the list of the top 10 power electronics solution provider companies. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CXOs.
We present to you Manufacturing Outlook’s, “Top 10 Power Electronics Solution Providers – 2020.”