Latest news with #PowerElectronics
Korea Herald
4 days ago
- Automotive
- Korea Herald
LS Electric, Spain's Power Electronics partner to expand in North American energy market
LS Electric, a Korean producer of power solutions, announced Thursday that it signed a memorandum of understanding with Power Electrics, a specialist in power conversion systems, ramping its efforts to penetrate the North American power market. The agreement was signed at Power Electronics' headquarters in Valencia, Spain, and marks a strategic collaboration focused on the supply of key power equipment, including transformers for energy storage systems. Executives from both companies, including LS Electric Chairman Koo Ja-kyun and Power Electronics CEO David Salvo, attended the signing ceremony. Power Electronics is recognized as a global leader in the renewable energy sector, particularly in North America, where it holds around 60 percent market share in PCS for solar and ESS projects. With over 2,800 solar and 315 ESS projects under its belt, the company has surpassed 120 gigawatt-hours in cumulative PCS installations worldwide. Under the agreement, LS Electric will prioritize Power Electronics' high-capacity PCS in its ESS projects across North America and Asia. In return, Power Electronics will expand the use of LS Electric's advanced distribution transformers and other power solutions in its renewable energy initiatives. 'Amid the turning point of power market trends driven by the energy transition, we expect to significantly upgrade our business competitiveness by strengthening partnerships with global top players,' a company representative stated. 'We will actively pursue business development in rapidly growing renewable energy markets such as North America and Europe to achieve visible outcomes.'
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Power Electronics Software Market worth $5.25 Billion by 2030, at a CAGR of 9.5%
"Power Electronics Software Market" The Power Electronics Software Market is expected to grow from USD 3.33 billion in 2025 to USD 5.25 billion in 2030, registering a significant CAGR of 9.5% during the forecast period. The report " Power Electronics Software Market by Design Software, Simulation Software, Analysis Software, Control Software, Rapid Control Prototyping, Embedded System Prototyping, Model-based Design, Automotive and Renewable Energy - Global Forecast to 2030" The power electronics software market is expected to reach USD 5.25 billion by 2030 from USD 3.33 billion in 2025, growing at a CAGR of 9.5% from 2025 to 2030 Power electronics software enables the design, simulation, and optimization of power electronic systems in the industrial, consumer electronics, automotive, renewable energy, aerospace, and defense industries. The market is experiencing significant growth mainly due to the increasing adoption of renewable energy sources, the growing shift towards electric vehicles, and advancements in semiconductor technologies. Download PDF Brochure @ Browse 236 market data Tables and 62 Figures spread through 252 Pages and in-depth TOC on "Power Electronics Software Market" The industrial segment is expected to hold the largest market size during the forecast period. The industrial sector holds the largest market size during the forecast period of the power electronics software market due to its widespread usage in automation, motor drives, renewable energy systems, and power inverters. With the increasing adoption of Industry 4.0 and smart manufacturing practices, the demand for optimizing energy consumption and improving operational efficiencies is growing. Power electronics software helps power management system designs and simulations achieve efficiency and precision in most industrial equipment and processes. Moreover, the high demand for energy-saving technologies and a need to comply with regulations make power electronics software prevalent in most industrial applications. The need for advanced systems in factories, with the transition to renewable energy, boosts demand for the power electronics software market. The design software segment is expected to exhibit the second-highest CAGR during the forecast period. The design software segment is expected to register the second-highest CAGR in the type of segment of the Power Electronics Software Industry during the forecast period. The growth can be attributed to the critical role of design software in enhancing efficiency, performance, and reliability in power electronic systems. As demand for electric vehicles, renewable energy systems, and industrial automation continues to grow, the requirement for an efficient, optimized design for inverter, converter, and motor drive components is growing. Design software offers advanced simulation and modeling with prototyping, significantly reducing development time and costs and ensuring compliance with regulatory standards. Increasing implementations of wide bandgap semiconductors require dedicated and sophisticated design solutions to achieve higher efficiency. Moreover, advancement through digital twins enhances intelligent and low-energy-consuming design solutions. Owing to these factors, the demand for design software is growing across applications such as automotive, industrial, aerospace & defense, and renewable energy. Asia Pacific is expected to hold the largest market size during the forecast period. Asia Pacific is expected to hold the largest power electronics software market due to substantial investment in research and development and technology infrastructure. The growth can also be attributed to the increased adoption of electric vehicles, renewable energy systems, and industrial automation in various countries, including China, India, South Korea, and Japan. Due to the increasing penetration of advanced technologies like IoT, Al-enabled systems, and wide-bandgap semiconductors, including silicon carbide (SiC) and gallium nitride (GaN), the demand for innovative power electronics solutions increased to achieve energy efficiency and system optimization. Another driver for the growth of the market in the region is government policies focusing on increasing the use of renewable energy sources, the implementation of smart grids, and energy-efficient technologies. Moreover, the rising implementation of Industry 4.0 practices and cloud-based software solutions have further fueled the demand for the power electronics software market in the region. Major Power Electronics Software Companies Include: The MathWorks, Inc. (US), Keysight Technologies (US), Cadence Design Systems, Inc. (US), Synopsys, Inc. (US), Altair Engineering Inc. (US), NATIONAL INSTRUMENTS CORP. (US), Renesas Electronics Corporation (Japan), Infineon Technologies AG (Germany), dSPACE GmbH (Germany), and Siemens (Germany), Analog Devices, Inc. (US), Sidelinesoft, LLC (US), (Canada), Plexim GmbH (Switzerland), Manitoba Hydro International Ltd. (Canada), Imperix power electronics (Switzerland), Typhoon HIL, Inc. (US), Mirabilis Design Inc. (US), Power Smart Control (Spain), COMSOL (Sweden), Speedgoat GmbH (Switzerland), Siemens (Germany), RTDS Technologies Inc (Canada), Powersys (France), AVL (Austria). About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. 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Globe and Mail
24-03-2025
- Business
- Globe and Mail
APsystems at 15: A Legacy of Innovation and a Smart Energy Future
JIAXING, China , /CNW/ -- Fifteen years ago today, on March 24, 2010 , APsystems was founded in Jiaxing, Zhejiang , embarking on a mission to harness the power of light. Over the past 15 years, APsystems has transformed from a hardware supplier specializing in MLPE microinverters into a comprehensive provider of distributed PV, energy storage, and charging solutions. Today, it stands as a pioneering force in smart energy, driven by AI, enhancing product innovation, user experience, and operational efficiency. Each strategic shift reflects the company's alignment with industry trends, while every business expansion accelerates the global energy transition. Through relentless innovation and resilience, APsystems continues to carve an extraordinary legacy in the energy revolution. From Startup to Industry Leader: A Journey of Innovation and Growth In 2010, with a passion for the photovoltaic industry, Dr. Zhimin Ling and Dr. Yuhao Luo returned to China and founded APsystems in Jiaxing, Zhejiang . From the outset, they recognized the significant advantages of MLPE (Module-Level Power Electronics) technology in terms of safety and efficiency and committed to advancing this field. Over the past 15 years, APsystems has pursued a path of differentiated product development, embedding the principle of "safety first" into every technical innovation. As MLPE technology gained recognition, APsystems' growth accelerated. Since 2012, the company has maintained 12 consecutive years of profitability and expansion. This steadfast commitment has provided users with superior solutions while setting industry benchmarks for safety, efficiency, and flexibility. APsystems has played a key role in driving global photovoltaic standards forward, helping transition MLPE technology from a niche solution to a mainstream choice. With its continuous business expansion, APsystems has remained dedicated to its globalization strategy. The company has successfully entered key photovoltaic markets worldwide, establishing subsidiaries in Australia , the United States , France , the Netherlands , Mexico , and Brazil . This global sales and service network ensures widespread availability of APsystems' products and services. In 2022, APsystems successfully debuted on the Shanghai Stock Exchange's STAR Market, securing strong capital support for future growth. By the end of 2024, its cumulative MLPE product shipments had surpassed 6GW, reaching 156 countries and regions. These milestones mark APsystems' steady progress toward global leadership in the industry. Core Strength: A Commitment to Technological Innovation Since its inception, APsystems has placed technological innovation at the core of its development strategy, considering it the company's most vital driving force. In microinverters, APsystems was the first to launch three-phase microinverters, expanding product applications. It also developed multi-module microinverters, balancing performance and cost-effectiveness, and introduced 20A high-current microinverter technology, setting a new industry benchmark. APsystems has continuously increased its R&D investment, assembling an international team of experts dedicated to independent innovation in PV and energy storage technologies. The company has accumulated 178 intellectual property rights, including 89 invention patents—leading the industry in this regard. This long-term commitment to technological excellence continues to drive APsystems' sustainable development. Building a Comprehensive Energy Ecosystem: PV, Energy Storage, and Charging Over the past 15 years, APsystems has expanded beyond MLPE products to become a key player in PV, energy storage, and charging. The company follows a strategic approach to integrating photovoltaic, energy storage, and charging solutions, establishing three core business segments: micro-PV-energy storage, residential PV-energy storage, and commercial PV-energy storage, all centered around microinverters. By integrating critical components of the energy industry—solar power generation, storage, and charging—APsystems has built a highly efficient and interconnected energy ecosystem. These three segments work in synergy, enhancing sales channels, resource allocation, and market insights to meet growing demand. As APsystems expands its market presence, it is positioning itself for a broader global footprint. AI Integration: Charting a New Future In the era of rapid technological advancement, APsystems is accelerating its transition into a smart energy + AI ecosystem. The company has established the "+AI Application Research Institute" to integrate AI into product development, energy management, and intelligent office upgrades. AI-driven algorithms optimize charging and discharging strategies for APsystems' residential energy storage series, maximizing value. The APdesigner power station design software combines AI image recognition with large-language models, enhancing user interaction and efficiency. Regular "AI Open Day" events foster the exploration of AI-driven office transformation. Looking ahead, APsystems will continue to expand AI-driven innovations in R&D, market strategies, and services. The company is strengthening its global presence through new product development, talent acquisition, and geographic expansion. A newly established Shanghai subsidiary enhances the company's business ecosystem, while regional teams solidify its positions in Europe and North America and explore emerging markets in Asia , Africa , and Latin America . AI is not only a catalyst for APsystems' technological evolution but also a core driver of its strategic transformation and industry leadership. Looking Forward: A Vision for the Next Era Marking 15 years of success is both a celebration of past achievements and a prelude to the future. Moving forward, APsystems remains committed to its mission in renewable energy, deepening technological innovation, expanding its comprehensive energy ecosystem, and leveraging AI to contribute to the global energy transition. The journey continues, driven by a vision for a smarter, cleaner, and more sustainable future.
Yahoo
30-01-2025
- Automotive
- Yahoo
Mitsubishi Electric Joins Horizon Europe's "FLAGCHIP" Project to Develop Technology for Monitoring Power Module Condition
Will estimate junction temperature and related degradation of power modules TOKYO, January 30, 2025--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will begin developing a prototype to demonstrate a junction-temperature estimation technology for power modules, which it is pursuing as a partner in the European Union's Horizon Europe project aimed at developing advanced power modules and improving cost efficiency of renewable-energy power-generation. The company is participating through its European subsidiary Mitsubishi Electric R&D Centre Europe B.V., which has joined the project, called Flagship Advanced Solutions for Condition and Health Monitoring in Power Electronics (FLAGCHIP).In the global effort to expand the introduction of renewable energy to support carbon neutrality, the need to upgrade the reliability and maintenance of electronic devices for power conversion has become increasingly important. In particular, attention is being focused on technological innovations aimed at strengthening power module reliability and improving data acquisition and analysis methods to accurately determine degradation conditions in order to carry facilitate more timely FLAGCHIP project currently involves 11 companies and academic institutions from nine European countries engaged in developing advanced power modules, condition and health monitoring technologies, and devising methods for calculating cost efficiency of renewable-energy power-generation systems and reducing associated costs. Demonstrations of wind-power and solar-power generation systems using these technologies and methods will be conducted at test facilities owned by project partners in Norway and France. For the full text, please visit: View source version on Contacts Customer Inquiries Power Electronic Systems DivisionMitsubishi Electric R&D Centre EuropeTel: +33 2 23 45 58 58info@ Media Inquiries Takeyoshi KomatsuPublic Relations DivisionMitsubishi Electric CorporationTel: + Sign in to access your portfolio
