Power semiconductors, a vital component of semiconductors and essential for power processing, are used for voltage/frequency conversion and DC-AC transitions. The global market value grew from $38.1 billion in 2019 to $42.6 billion in 2022, with a CAGR of 5.43%. As a major subset, power semiconductors are widely applied across power electronics sectors, with automotive, industrial, and consumer electronics as the top three end - markets.
Photovoltaic power generation is a technology that directly converts light energy into electrical energy by using the photovoltaic effect at the semiconductor interface. It mainly consists of three major parts: solar panels (modules), controllers, and inverters, and its main components are made up of electronic components. Photovoltaic energy is a very important source of green energy in the future.
Energy storage refers to the process of storing energy through a medium or device and releasing it when needed. In recent years, portable energy storage has developed very rapidly.
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