In Europe, market growth in 2021 was only slightly behind the Asian and American growth rates at 8 %. (Source: Yellow duck - stock.adobe.com)
ELECTRICAL MARKET GROWTH

Global electrical market: ZVEI expects nominal growth of 11 % in 2022

The global market for goods in the electrical and digital industry came to a nominal EUR 4,967 billion in 2021. According to Jürgen Polzin, an expert from the German association ZVEI, the resulting growth of 10 % on the previous year reflects the strong recovery of the global electrical market after the first pandemic year. ZVEI also expects double-digit growth for the current year (+ 11 %), although this is likely to be due not least to the current inflation environment. In 2023, growth should then return to normal and reach 5 %.

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Providers on the topic

Power electronics - especially on which BEVs depend - will play an increasing role in our lives. (Source: ©lchumpitaz - stock.adobe.com)
EV POWER ELECTRONICS

Industry special – power electronics in cars

Despite some negative market factors, the number of electric vehicles (EVs) – especially full battery types – is expected to grow significantly over the next decade. However, to fulfil their potential, EVs must have the right power electronics design in place. This article looks at the issues involved for the complete power train, from battery to motor.

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Galleries

With the acquisition, Infineon is aiming to strengthen its GaN portfolio and to further reinforce its global leadership in Power Systems. (Source: Yingyaipumi - stock.adobe.com)
BUSINESS OPERATIONS

Infineon to acquire GaN Systems

Infineon Technologies AG and GaN Systems Inc. have announced that the companies have signed a definitive agreement under which Infineon will acquire GaN Systems for US$830 million. GaN Systems is a global technology specialist in the development of GaN-based solutions for power conversion. The company is headquartered in Ottawa, Canada, and has more than 200 employees.

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