New IEC White Paper “Power semiconductors for an energy-wise society”

Power semiconductors are electronic components which are essential for tackling the major challenges of decarbonization and digitization on the path to an energy-wise society. Today, these components play a critical role in various aspects of modern industry and in society - from renewable power generation and transmission, electromobility, automated factories and energy-efficient data centres to smart cities and smart homes.

The IEC Market Strategy Board has published a new white paper that examines the important role of power semiconductors in global decarbonization efforts. It takes an in-depth look at expected trends and opportunities, as well as the challenges surrounding the power semiconductors industry. Among the significant challenges mentioned is the need for change in industry practices when transitioning from linear to circular economies and the shortage of skilled personnel required for power semiconductor development.

The white paper stresses the need for strategic actions at the policy-making level to address these concerns. It further highlights the pivotal role of standards in removing technical risks, increasing product quality and enabling faster market acceptance. Besides noting benefits of existing standards in accelerating market growth, the paper also identifies the current standardization gaps.