MOCVD or metal-organic chemical vapor deposition is a technique used by semiconductor manufacturers depositing very thin layer of compound semiconductor material onto a semiconductor wafer. It is mainly used in the manufacturing process of III-V compound semiconductors, especially for those that use gallium nitride (GaN). These semiconductors are the most essential base material for manufacturing LEDs, lasers, power electronics, and photovoltaic cells.
The global MOCVD in power electronics is expected to witness a rapid growth during the forecast period, posting a CAGR of more than 40%, due to the increasing adoption of power electronic devices in various sectors. The requirement for generating electrical energy from renewable energy sources is rising rapidly across the globe, which is likely to boost the adoption of power electronics in different renewable technologies such as solar and wind power. The author expects the MOCVD market for power electronics to see a surge in demand due to the increasing use of more energy efficient and high performance power electronics in renewable sector during the forecast period.
Geographical segmentation of the MOCVD in power electronics
Currently, the market is dominated by the APAC region, accounting for more than half the demand for MOCVD in power electronic devices. Countries such as China, Japan, and South Korea are the highest adopters of MOCVD equipment and have incorporated this technology into the power electronic devices. Europe and the US are also active in this segment with leading players for application of power electronics in PV inverter, motor control, and traction and grid systems.
Competitive landscape and key vendors
At present, the global MOCVD in power electronics has few vendors and is strongly dominated by Veeco and Aixtron. There are a few number of small emerging players, mostly from China, who are involved in the manufacturing of MOCVD equipment for power electronics.
Top vendors in this market are -
- Taiyo Nippon Sanso Corp
- Veeco Instruments
Other prominent vendors included in this report are Agnitron Technology Inc., Alliance MOCVD, LLC, CVD Equipment Corporation, HC Semitek, PLANSEE, Wolfe Engineering, Xycarb Ceramics.
Growth drivers, challenges, and upcoming trends: MOCVD in power electronics
The author highlights upcoming trends such as the emergence of high powered electronic devices that are quick, prompt, innovative, light weight, energy efficient, and small in size. Thus, GaN emerged. The GaN technology, when equipped in today's high powered devices, are delivering high speed, accuracy and reliability. Also, they are energy efficient and are small enough to fit into small devices.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global MOCVD in power electronics. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the global MOCVD in power electronics?
- What are the key market trends impacting the growth of the global MOCVD in power electronics?
- What are the challenges to market growth?
- Who are the key vendors in the global MOCVD in power electronics?
- What are the market opportunities and threats faced by the vendors in the global MOCVD in power electronics?
- What are the trending factors influencing the market shares of the APAC, EMEA, and the Americas?
- What are the key outcomes of the five forces analysis of the global MOCVD in power electronics?
- Global Metal Organic Chemical Vapor Deposition Equipment Market 2014-2018
- Global Chemical Vapor Deposition Market 2014-2018
- Global Metal Organic Chemical Vapor Deposition Market 2012-2016
- Market overview
- Product offerings
- Research methodology
- Economic indicators
- Key market highlights
- Market overview
- Market size and forecast
- Five forces analysis
- Global MOCVD in power electronics by region
- Global MOCVD in power electronics in APAC
- Global MOCVD in power electronics in the Americas
- Global MOCVD in power electronics in Europe
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
- Competitive scenario
- Key vendors
- Other prominent vendors
- Taiyo Nippon Sanso Corp
- Veeco Instruments
PART 16: Appendix
- List of abbreviations
Exhibit 01: Global MOCVD market in power electronics: An overview
Exhibit 02: Market size of global MOCVD in power electronics 2014-2019 ($ millions)
Exhibit 03: Five forces analysis
Exhibit 04: Global MOCVD in power electronics by region 2014-2019
Exhibit 05: MOCVD market in power electronics in APAC 2014-2019 ($ millions)
Exhibit 06: MOCVD market in power electronics in the Americas 2014-2019 ($ millions)
Exhibit 07: MOCVD market in power electronics in Europe 2014-2019 ($ millions)
Exhibit 08: Key leading countries
Exhibit 09: Impact of drivers
Exhibit 10: Impact of drivers and challenges
Exhibit 11: Market share of key vendors 2014
Exhibit 12: Aixtron: Product segmentation
Exhibit 13: Aixtron: Business segmentation by revenue 2015
Exhibit 14: Aixtron: Business segmentation by revenue 2013 and 2014 ($ millions)
Exhibit 15: Aixtron: Geographical segmentation by revenue 2014
Exhibit 16: Taiyo Nippon Sanso Corp: Business segmentation by revenue 2015
Exhibit 17: Taiyo Nippon Sanso Corp: Business segmentation by revenue 2014 and 2015 ($ billions)
Exhibit 18: Taiyo Nippon Sanso Corp: Geographical segmentation by revenue 2015
Exhibit 19: Veeco Instruments: Product segmentation
Exhibit 20: Veeco Instruments: Geographical segmentation by revenue 2014
Exhibit 21: Key recommendations
The author of the report recognizes the following companies as the key players in the Global MOCVD Market in Power Electronics: Aixtron, Taiyo Nippon Sanso Corp and Veeco Instruments
Other Prominent Vendors in the market are: Agnitron Technology Inc., Alliance MOCVD, LLC, CVD Equipment Corporation, HC Semitek, PLANSEE, Wolfe Engineering, Xycarb Ceramics.
Commenting on the report, an analyst from the research team said: “Power electronic devices are used in wind turbine converters, grid converters, and inverters in solar panels to increase power efficiency and switching speed. MOCVD will further increase the efficiency of these devices to give a better output. The need for high powered electronic devices and better energy conservation will propel the demand of high efficiency power electronic devices which will be possible through the use of MOCVD.”
According to the report, there are several factors driving the growth of the global MOCVD market for power electronics. Adoption of power electronics in various sectors such as renewable energy sector will lead to market growth, as utility applications play an important role in these sectors.
Further, the report states that poor reliability and cooling of power electronics devices, and lack of subsidy may hinder the adoption of these electronic devices and therefore affect the MOCVD market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.