Topics Covered Include:· - Distributed and Cogeneration Power Electronics, Market Characteristics and Trends
- Worldwide Market Forecasts (units, dollars and pricing)
- Regional Forecasts for North America, Europe and Asia
- Power Electronics Components include inverters, variable frequency converters and static transfer switches
- Forecasts by converters and applications and in wattage and amperes
- Competitive analysis including top market shares, competitor profiles, recent developments and market strategies.

This second edition, 184-page report provides a detailed and in-depth examination of the trends driving the power electronics market in a variety of distributed and cogeneration technologies. Given the rebound in the global economy and the increasing demand for reliable electric power, the projected growth in the DCG power electronics market through 2011 should be more vigorous and consistent than over the past several years. Distributed and Cogeneration (DCG) technology, including gas turbines, gensets, microturbines, wind turbines, variable speed generators, photovoltaics and fuel cells, has been gaining momentum for quite some time now. The combination of continued growth, the reductions of greenhouse gas emissions, new and innovative technologies and the need for reliable power should provide the ideal environment for growth of power electronics in the distributed and cogeneration industry. Over the next several years and into the next decade, the importance of power electronics in the DCG industry is expected to grow tremendously and be the primary facilitator of future DCG applications.


Executive summary
The purpose of this DCG power electronics market study is to provide the information and analysis necessary to enable companies to make strategic decisions about the market for power electronics used in distributed and cogeneration power conversion, power protection, system controlling and monitoring. The report focuses on the characteristics of the worldwide power electronics market as well as regional markets in North America, Europe and Asia. In addition to identifying both the market opportunities and threats around the world, this study includes a description of the competitive environment and company profiles of major the market participants. The ultimate goal of this study is to provide companies with the insight and understanding necessary to evaluate the opportunities in the DCG power electronics markets.

Distributed & Cogeneration (DCG) is gaining momentum and becoming an attractive energy option for the new millennium. Demand for power reliability combined with increasing power shortages, inadequate power transmission and distribution capacity, utility restructuring, volatile electricity prices, technology advancements and public environmental policies have opened the market for distributed and cogeneration projects and their accompanying power electronics components. The projected worldwide dollar market for DCG power electronics is expected to increase from $3.7 billion in 2006 to $7.6 billion in 2011, a compounded average annual growth rate of 15.4%. The market dynamics for these projects differ from region to region. In North America, DCG helps to relieve the pressure from volatile power prices and ensure power reliability. In Europe, DCG is being promoted because it provides an environment-friendly energy source, which helps reduce greenhouse gas emissions. In Asia, DCG contributes to the alleviation of power shortages and helps both mature and developing nations manage their energy needs. All these elements have contributed to a strong market for alternative power generation technologies like gensets, small-scale gas turbines, microturbines, photovoltaics, variable speed generators, wind turbines and fuel cells.

The power electronics market potential for these projects varies depending on which DCG technology they serve. Wind turbines are the biggest market for power electronics, while photovoltaics, microturbines and fuel cells will have higher growth rates. The gas turbine and gensets markets will benefit from the growing interest in the Combined Heat and Power (CHP) application. This edition will also look at the market for variable speed generators.

In addition to the macro-economic trends to be discussed, there are the particular dynamics for DCG power electronics. In traditional DCG systems, such as gas turbines and gensets, power electronics only account for a small percentage of the total cost. In new DCG technologies, including fuel cells, photovoltaics, microturbines and wind turbines, power electronics account for a much larger percentage of the total system cost. Moreover, technology development in power electronics plays a very important role in improving various DCG system performances, which will further drive the DCG penetration into the electricity market.

A growing percentage of DCG systems are using power electronics to improve power efficiency. Just a few years ago, only about 30% of wind turbines used power electronics. This percentage has increased to over 80% in recently installed wind turbines. Genset developers are exploring the use of variable speed operation to increase system efficiency. The impact from increasing demand for grid interconnection can be seen in the PV inverter market. PV inverters have evolved from modified sine wave to true sine wave, from stand-alone to grid-intertie. A multifunction inverter even combines battery storage with grid-tie function to ensure power reliability. Static transfer switches using thyristors reduce the sensing-and-switching time to less than 4 milliseconds, more than six times faster than electromechanical devices. Electronic meters are being developed to replace electromechanical meters.

The on-going development of interconnection standards and regulations will present both market opportunities and technology challenges for the power electronics industry. Future research and development efforts will need to focus on improving efficiency and reliability, communication and interface, thermal management, reduce parts and points of failure, packaging and bringing down cost.

In order to cope with these challenges, major players have been approaching the market aggressively. Some have expanded their market through merger and acquisition activities. Some have formed strategic alliances with business partners. Some divested to concentrate on their core business and target customers. New entrants are increasing the competitive landscape.

CHAPTER I - INTRODUCTION
Introduction ………………………………………………….…...11

CHAPTER II - PURPOSE, SCOPE & METHODOLOGY
Purpose ……………………………………………………...…. 13
Methodology ……………………………………………………...14
Correlation and Analysis ………………………………………...15

CHAPTER III - EXECUTIVE SUMMARY
DCG Power Electronics Market Characteristics and Trends... 16
Worldwide Market Forecasts ................................................18
North America Market Forecasts ...........................................21
Europe Market Forecasts ......................................................22
Asia Market Forecasts ..........................................................23
Competitive Analysis .............................................................26

CHAPTER IV - MARKET CHARACTERISTICS AND TRENDS
Introduction .........................................................................30
Business and Economic Factors Driving the Power
Conversion Market............................................................... 33
Efficiency and Reliability ......................................................36
Cost ...................................................................................36
Power Requirements ........................................................... 41
Regional Trends .................................................................. 44
North American Market Drivers ............................................. 45
Europe Market Drivers ..........................................................48
Asia Market Drivers ..............................................................49
Interconnection Issues ..........................................................51
Standards and Regulations ....................................................54
Future Direction of Power Conversion ....................................57
Product Innovations ..............................................................58

CHAPTER V - WORLDWIDE MARKET FORECASTS
Introduction ..........................................................................62
Forecasting Assumptions....................................................... 63
Pricing......................................................................………. 65
By Region ........................................................................... 66
By Power Electronics Converters and Applications …....…....…72
Inverters............................................................................... 72
Variable Frequency Converters ..............................................74
Static Transfer Switches ........................................................76
By Power Electronics Applications in Wattage and Amperes.....77
Inverters ...............................................................................77
Variable Frequency Converters...............................................81
Static Transfer Switches ........................................................84

CHAPTER VI - NORTH AMERICAN MARKET FORECASTS
Introduction ..........................................................................86
By Power Electronics Converters and Applications …....…....…87
Inverters............................................................................... 87
Variable Frequency Converters ..............................................91
Static Transfer Switches ........................................................92
By Power Electronics Applications in Wattage and Amperes.....94
Inverters ...............................................................................94
Variable Frequency Converters...............................................99
Static Transfer Switches .......................................................100

CHAPTER VII - EUROPE AMERICAN MARKET FORECASTS
Introduction ..........................................................................103
By Power Electronics Converters and Applications …....…....…104
Inverters............................................................................... 104
Variable Frequency Converters ..............................................107
Static Transfer Switches ........................................................109
By Power Electronics Applications in Wattage and Amperes.....111
Inverters ...............................................................................111
Variable Frequency Converters...............................................113
Static Transfer Switches ........................................................117

CHAPTER VIII - ASIA AMERICAN MARKET FORECASTS
Introduction ..........................................................................119
By Power Electronics Converters and Applications …....…........120
Inverters............................................................................... 120
Variable Frequency Converters ..............................................122
Static Transfer Switches ........................................................124
By Power Electronics Applications in Wattage and Amperes.....128
Inverters ...............................................................................128
Variable Frequency Converters...............................................131
Static Transfer Switches ........................................................132

CHAPTER IX - COMPETITIVE ENVIRONMENT
Overview ...............................................................................135
Company Profiles.................................................................. 135
ABB Ltd................................................................................ 135
Advanced Energy Systems Ltd………..................................... 136
Alstrom................................................................................. 138
Analytic Systems .................................................................. 140
ASI Robicon ........................................................................141
Beacon Power .......................................................................143
Danfoss Silicon Power .......................................................... 144
Encorp Inc............................................................................ 145
Exeltech ...............................................................................146
Fronius International .............................................................. 147
Liebert Corp. ........................................................................ 149
MagneTek Inc. ...................................................................... 150
Mastervolt International ...........................................................152
Newage AVK SEG .................................................................153
Pivotal Power . .......................................................................155
Power Distribution Incorporated (PDI) ......................................156
S&C Electric Company ...........................................................157
Satcon Technology Corp. ........................................................ 159
SMA Regelsysteme GmbH .......................................................160
Sustainable Energy Technologies .............................................162
Xantrex (Trace, Statpower, Heart Interface) .............................. 163

Appendix A
Glossary ...................................................................................177

Market Share 165

Table of exhibits
CHAPTER III - EXECUTIVE SUMMARY
Graphs
Graph III-1 - Worldwide DCG Power Electronics Market By DCG product (year to year growth rate) ..................................... 28
Graph III-2 - Worldwide DCG Power Electronics Market By DCG product (millions of $) .......................................................29

CHAPTER IV - MARKET CHARACTERISTICS AND TRENDS
Tables
Table IV-1 - Worldwide DCG Power Electronics Market Power Electronics by DCG Products (millions of $) ...... .....................33
Table IV-2 - Worldwide DCG Power Electronics Market Power Electronics Usage by Application .......................................... 37
Table IV-3 - Worldwide DCG Power Electronics Market Dollar Market Share by Technology and Power Level .........................46

Graphs
Graph IV-1- Worldwide DCG Power Electronics Market Dollar Market Share by Region ....................................................... 32
Graph IV-2 - Worldwide DCG Power Electronics Market Power Electronics Growth by DCG Product (millions of $) ................34

CHAPTER V - WORLDWIDE MARKET FORECASTS
Tables
Table V-1 - Worldwide DCG Power Electronics Market By Region (millions of $) ................................................................ 63
Table V-2 - Worldwide DCG Power Electronics Market By Region (converters in units) ....................................................... 63
Table V-3 - Worldwide DCG Power Electronics Market By Region (static transfer switches in units) .......................................65
Table V-4 - Worldwide DCG Power Electronics Market North America Region Price by Technology in Wattage and Amperes...68
Table V-5 - Worldwide DCG Power Electronics Market Europe Region Price by Technology in Wattage and Amperes………. 69
Table V-6 - Worldwide DCG Power Electronics Market Asia Region Price by Technology in Wattage and Amperes………….. 70
Table V-7 - Worldwide DCG Power Electronics Market By Products (millions of $) ..................………….............................. 71
Table V-8 - Worldwide DCG Power Electronics Market By Products – Inverters (absolute units) .......................................... 72
Table V-9 - Worldwide DCG Power Electronics Market By Products – Inverters (millions of $) .............................................. 74
Table V-10 - Worldwide DCG Power Electronics Market By Products – Variable Frequency Converters (absolute units) .......... 74
Table V-11 - Worldwide DCG Power Electronics Market By Products – Variable Frequency Converters (million of $)............. 76
Table V-12 - Worldwide DCG Power Electronics Market By Products – Static Transfer Switches (absolute units) .................... 77
Table V-13 - Worldwide DCG Power Electronics Market By Products – Static Transfer Switches (million of $) ....................... 77
Table V-14 - Worldwide DCG Power Electronics Market By Products and Wattage - Inverters (absolute units) ........................ 77
Table V-15 - Worldwide DCG Power Electronics Market By Products and Wattage – Inverters (million of $) .......................... 80
Table V-16 - Worldwide DCG Power Electronics Market By Products and Wattage – Variable Frequency Converters (absolute units) ......... 81
Table V-17 - Worldwide DCG Power Electronics Market By Products and Wattage – Variable Frequency Converters (million of $) ............. 83
Table V-18 - Worldwide DCG Power Electronics Market By Products and Amperes – Static Transfer Switches (absolute units) ........ 84
Table V-19 - Worldwide DCG Power Electronics Market By Products and Amperes – Static Transfer Switches (million of $) ........ 85

Graphs
Graph V-1 - Worldwide DCG Power Electronics Market Dollar Market Share by Region ........................................................ 64
Graph V-2 - Worldwide DCG Power Electronics Market Dollar Growth by DCG Product (millions of $) ....................................67
Graph V-3 - Worldwide DCG Power Electronics Market Regional Sales by DCG Technology .................................................73
Graph V-4 - Worldwide DCG Power Electronics Market Wind Turbine Variable Frequency Converters Regional Sales (millions of $) ........ 75
Graph V-5 - Worldwide DCG Power Electronics Market Photovoltaic Inverters 2006 Regional Comparison (millions of $) .............79
Graph V-6 - Worldwide DCG Power Electronics Market Wind Turbine Variable Frequency Converters Regional Comparison.....82

CHAPTER VI - NORTH AMERICA MARKET FORECASTS
Tables
Table VI-1 - North America DCG Power Electronics Market By DCG Technology (millions of $) .....................................................87
Table VI-2 - North America DCG Power Electronics Market By DCG Technology (absolute units) ...................................................87
Table VI-3 - North America DCG Power Electronics Market By Products – Inverters (absolute units) ...............................................89
Table VI-4 - North America DCG Power Electronics Market By Products – Inverters (millions of $)................................................. 91
Table VI-5 - North America DCG Power Electronics Market By Products – Variable Frequency Converters (absolute units).............. 92
Table VI-6 - North America DCG Power Electronics Market By Products – Variable Frequency Converters (millions of $)................ 92
Table VI-7 - North America DCG Power Electronics Market By Products – Static Transfer Switches (absolute units) ........................94
Table VI-8 - North America DCG Power Electronics Market By Products – Static Transfer Switches (millions of $) ...........................94
Table VI-9 - North America DCG Power Electronics Market By Products and Wattage – Inverters (absolute units) ........................... 96
Table VI-10 - North America DCG Power Electronics Market By Products and Wattage – Inverters (million of $) ................................98
Table VI-11 - North America DCG Power Electronics Market By Products and Wattage – Variable Frequency Converters (absolute units) .. 100
Table VI-12 - North America DCG Power Electronics Market By Products and Wattage – Variable Frequency Converters (million of $) ....... 100
Table VI-13- North America DCG Power Electronics Market By Products and Amperes – Static Transfer Switches (absolute units) .............101
Table VI-14 - North America DCG Power Electronics Market By Products and Amperes – Static Transfer Switches (million of $) .............102

Graphs
Graph VI-1 - North America DCG Power Electronics Market Dollar Market Growth by DCG Technology (millions of $) ........................88
Graph VI-2 - North America DCG Power Electronics Market Dollar Market Share by DCG Technology (millions of $) .........................90
Graph VI-3 - North America DCG Power Electronics Market By Technology – Inverters (millions of $) .............................................. 93
Graph VI-4 - North America DCG Power Electronics Market By Technology – Variable Frequency Converters (millions of $) ............. 95
Graph VI-5 - North America DCG Power Electronics Market By Technology – Static Transfer Switches (millions of $) ........................ 97

CHAPTER VII - EUROPE MARKET FORECASTS
Tables
Table VII-1 - Europe DCG Power Electronics Market By DCG Technology (millions of $) ...................................................... 104
Table VII-2 - Europe DCG Power Electronics Market By DCG Technology (absolute units) .................................................... 104
Table VII-3 - Europe DCG Power Electronics Market By Products – Inverters (absolute units) ............................................... 106
Table VII-4 - Europe DCG Power Electronics Market By Products – Inverters (millions of $) ................................................. 106
Table VII-5 - Europe DCG Power Electronics Market By Products – Variable Frequency Converters (absolute units) ............... 107
Table VII-6 - Europe DCG Power Electronics Market By Products – Variable Frequency Converters (millions of $) ........ ......... 109
Table VII-7 - Europe DCG Power Electronics Market By Products – Static Transfer Switches (absolute units) .........................109
Table VII-8 - Europe DCG Power Electronics Market ucts – Static Transfer Switches (millions of $) ............................ 111
Table VII-9 - Europe DCG Power Electronics Market By Products and Wattage – Inverters (absolute units) ........................... 113
Table VII-10 - Europe DCG Power Electronics Market By Products and Wattage – Inverters (million of $) ............................... 115
Table VII-11 - Europe DCG Power Electronics Market By Products and Wattage – Variable Frequency Converters (absolute units) ...116
Table VII-12 - Europe DCG Power Electronics Market By Products and Wattage – Variable Frequency Converters (million of $) ..............117
Table VII-13- Europe DCG Power Electronics Market By Products and Amperes – Static Transfer Switches absolute units) ...........................118
Table VII-14 - Europe DCG Power Electronics Market By Products and Amperes – Static Transfer Switches (million of $) ........ 118

Graphs
Graph VII-1 - Europe DCG Power Electronics Market Dollar Market Growth by DCG Technology (millions of $) ......................... 105
Graph VII-2 - Europe DCG Power Electronics Market Dollar Market Share by DCG Technology (millions of $) ........................... 108
Graph VII-3 - Europe DCG Power Electronics Market By Technology – Inverters (millions of $) ..................................................110
Graph VII-4 - Europe DCG Power Electronics Market By Technology – Variable Frequency Converters (millions of $) .................112
Graph VII-5 - Europe DCG Power Electronics Market By Technology – Static Transfer Switches (millions of $).......................... 114

CHAPTER VIII - ASIA MARKET FORECASTS
Tables
Table VIII-1 - Asia DCG Power Electronics Market By DCG Technology (millions of $) ..........................................................119
Table VIII-2 - Asia DCG Power Electronics Market By DCG Technology (absolute units) ........................................................120
Table VIII-3 - Asia DCG Power Electronics Market By Products – Inverters (absolute units) ...................................................122
Table VIII-4 - Asia DCG Power Electronics Market By Products – Inverters (millions of $) ...................................................... 122
Table VIII-5 - Asia DCG Power Electronics Market By Products – Variable Frequency Converters (absolute units) .................... 124
Table VIII-6 - Asia DCG Power Electronics Market By Products – Variable Frequency Converters (millions of $) ....................... 126
Table VIII-7 - Asia DCG Power Electronics Market By Products – Static Transfer Switches (absolute units) ............................... 126
Table VIII-8 - Asia DCG Power Electronics Market By Products – Static Transfer Switches (millions of $) .................................. 126
Table VIII-9 - Asia DCG Power Electronics Market By Products and Wattage – Inverters (absolute units) .................................. 128
Table VIII-10 - Asia DCG Power Electronics Market By Products and Wattage – Inverters (million of $) ......................................130
Table VIII-11 - Asia DCG Power Electronics Market By Products and Wattage – Variable Frequency Converters (absolute units) ..... 132
Table VIII-12 - Asia DCG Power Electronics Market By Products and Wattage – Variable Frequency Converters (million of $) ................133
Table VIII-13- Asia DCG Power Electronics Market By Products and Amperes – Static Transfer Switches (absolute units) ....................134
Table VIII-14 - Asia DCG Power Electronics Market By Products and Amperes – Static Transfer Switches (million of $) ........... 134

Graphs
Graph VIII-1 - Asia DCG Power Electronics Market Dollar Market Growth by DCG Technology (millions of $) ................................121
Graph VIII-2 - Asia DCG Power Electronics Market Dollar Market Share by DCG Technology (millions of $) .................................. 123
Graph VIII-3 - Asia DCG Power Electronics Market By Technology – Inverters (millions of $) ....................................................... 125
Graph VIII-4 - Asia DCG Power Electronics Market By Technology – Variable Frequency Converters (millions of $) ...................... 127
Graph VIII-5 - Asia DCG Power Electronics Market By Technology – Static Transfer Switches (millions of $) ................................. 129

CHAPTER IX – Competitive Environment
Tables
Table IX-1 - Worldwide DCG Power Electronics Market By Product – Inverters (company market share) ........................................... 168
Table IX-2 – North America DCG Power Electronics Market
By Product – Inverters (company market share) ........................................... 169
Table IX-3 – Europe DCG Power Electronics Market
By Product – Inverters (company market share)............................................ 170
Table IX-4 – Asia DCG Power Electronics Market
By Product – Inverters (company market share) ...........................................171
Table IX-5 – Worldwide DCG Power Electronics Market
By Product – Variable Frequency Converters (company market share) .......... 172
Table IX-6 – North America DCG Power Electronics Market
By Product – Variable Frequency Converters (company market share) ........... 173
Table IX-7 – Europe DCG Power Electronics Market
By Product – Variable Frequency Converters (company market share) ........... 174
Table IX-8 – Asia DCG Power Electronics Market
By Product – Variable Frequency Converters (company market share) ........... 175
Table IX-9 – Worldwide DCG Power Electronics Market
By Product – Static Transfer Switches (company market share) ...................... 176

Graphs
Graph IX-1 - Worldwide DCG Power Electronics Market..................................177
By Product – Inverters (company market share) 168
Graph IX-2 – North America DCG Power Electronics Market By Product – Inverters (company market share) 169
Graph IX-3 – Europe DCG Power Electronics Market By Product – Inverters (company market share) 170
Graph IX-4 – Europe DCG Power Electronics Market By Product – Inverters (company market share) 171
Graph IX-5 – Worldwide DCG Power Electronics Market By Product – Variable Frequency Converters (company market share) 172
Graph IX-6 – North America DCG Power Electronics Market
By Product – Variable Frequency Converters (company market share) 173
Graph IX-7 – Europe DCG Power Electronics Market
By Product – Variable Frequency Converters (company market share) 174
Graph IX-8 – Asia DCG Power Electronics Market
By Product – Variable Frequency Converters (company market share) 175
Graph IX-9 – Worldwide DCG Power Electronics Market
By Product – Static Transfer Switches (company market share) 176