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Alternative energy sector to reach $115B

Posted: 06 Nov 2008     Print Version  Bookmark and Share

Keywords:alternative energy  solar power  wind power  and fuel cells 

Databeans estimates that the alternative energy market will grow to over Rs.575,418.49 crore ($115 billion) in five years, up from Rs.190,138.28 crore ($38 billion) this year.

Alternative energy generation technology includes solar power, wind power, and fuel cells. Add biofuel to this mix and the revenue is even higher. Emergent alternative energy projects are fueling demand for the semiconductor technology required to build this growing infrastructure. Leading OEMs in this space include First Solar, Solarworld, Evergreen, SunPower, General Electric, Ball, Delphi, and Siemens.

Today, the market for chips used specifically in alternative power generation applications is very small, but clearly there is enormous potential.

Semiconductor technology surrounding the alternative energy markets include advanced IGBT design, optoelectronics, advanced power conversion ICs, digital signal processing, microcontrollers, and advanced mixed signal and analogue circuits.

Not including revenue from photovoltaic materials, the market size for semiconductors used in alternative energy generation applications is expected to grow from Rs.1,501.09 crore ($300 million) today to Rs.9,006.55 crore ($1.8 billion) by 2013. Expectations are for a compound annual growth rate of 40 per cent each year for the next five years and even higher longer term. Circuits used in fuel cell systems will outpace solar power and wind power, but all three segments have strong promise.

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