Strong Demand Ahead for PV Inverter ICs

El Segundo, Calif. – The photovoltaic (PV) inverter market is expected to drive semiconductor growth, particularly for discrete and analog semiconductors, over the next three years, according to a new IHS report. Revenue from semiconductors used in PV inverters increased by nine percent in 2014, reaching $386.1 million. IHS forecasts the PV inverter semiconductor market to…

Industrial Electronics Chip Market Set to Grow 11%

El Segundo, Calif. — The industrial electronics chip market rebounded in 2013 with revenue growth of nine percent, reaching $32.8 billion, after falling five percent in 2012, according to a report from IHS Technology (NYSE: IHS). These chips are used in a variety of applications, including medical electronics, factory automation, energy distribution and generation, building and home control,…