According to reports, as a new generation of semiconductor devices, IGBT is a key core component of automatic control and power conversion, and is widely used in the rail transit equipment industry, power systems, industrial frequency conversion, wind power, solar energy, electric vehicles and household appliances industries.
Previously, domestic high-end IGBT chips basically relied on imports. The successful development of this high-power IGBT chip will not only provide a strong "Chinese core" for China's high-speed rail, EMU and other rail transit equipment and other related industries, but will also gradually improve the status of all domestic high-power IGBTs that rely on imports and reduce them. The cost of rail transit development in China. At present, China has become the world's largest consumer of IGBT chips, with annual demand exceeding 7.5 billion yuan, and growing at a rate of more than 30% per year. By 2020, China's rail transit electric traction industry will not have an annual IGBT chip market size. Below 1 billion yuan, the smart grid is no less than 400 million yuan. According to reports, together with CNR, there are currently only four companies in the world that have mastered this technology.
Another major player in the market is Contemporary Amperex Technology (China). The company opts for contracts & agreements as its inorganic business strategy for increasing its clientele base globally. For instance, in May 2019, the company was awarded a contract by Eugene Enerfarm for its energy storage system project. Under the contract, the company supplied lithium iron phosphate batteries that support energy storage systems and provide better safety and longevity.
Recent Developments
This research report categorizes the lithium iron phosphate batteries market by power capacity, industry, application, and region.
In February 2019, BYD introduced a next-generation lithium iron phosphate battery technology for its forklifts and warehouse equipment. The advanced lithium iron phosphate batteries are cost-effective and maintenance-free.
In January 2019, RELiON launched a next-generation series of lithium iron phosphate batteries named the Insight Series. The batteries are designed for deep-cycle applications such as marine, renewable energy systems, floor machines, and recreational vehicles.
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Shenzhen Zhifu New Energy Co., Ltd. , https://www.sunbeambattery.com