Electronics is at the heart of the energy transition, forming the basis of smart systems, which are essential in the areas of smart grids, smart meters, and power electronics. Current studies underscore the importance of smart energy solutions. According to a report by MarketsandMarkets, the global smart energy market is projected to grow from $170 billion in 2022 to $283 billion in 2027, representing a compound annual growth rate (CAGR) of 10.6%. The main driver of this growth is the increasing demand for smart electricity networks. “Against this backdrop, electronica offers technology companies and industry experts an international platform to showcase their innovations, network, and discuss the latest developments and trends,” says Katja Stolle, Exhibition Director at electronica.
Smart grid: the intelligent electricity network of the future
Smart grids are an integral part of the energy transition. They enable the efficient and flexible integration of electricity generated decentrally from renewable energy sources, such as solar and wind power plants. These smart grids coordinate electricity generation, distribution, and storage by continuously collecting and analyzing data from IoT-enabled sensors and devices. This allows for the optimal control and utilization of power grids, contributing to a stable and efficient energy supply. According to a study by the Fraunhofer Institute for Research in Systems and Innovation (ISI), the widespread adoption of smart grids could save up to 30% of grid stabilization costs by 2030. These savings result from improved grid utilization and reduced bottlenecks thanks to real-time data management.
Smart meters for consumers and prosumers.
Smart meters play a crucial role for consumers. These meters measure energy consumption in real time, enabling monitoring and optimization. They are also vital for prosumers—consumers who generate their own energy, for example, through their own solar systems. Smart meter gateways (SMGWs) collect and process metering data and make it available to internal and external market participants. By 2032, all electricity consumers in Germany must be equipped with smart meters, laying the foundation for the nationwide rollout of smart grids. A European Commission report predicts that smart meters can lead to annual energy savings of up to 10%, benefiting both consumers and the environment.
Power electronics: increasing efficiency through modern semiconductor technology
Power electronics is a key technology for the energy transition. It enables the efficient conversion and control of electrical energy. Modern semiconductors, such as silicon carbide (SiC) and gallium nitride (GaN), offer significant advantages over conventional silicon. They feature higher switching capacities and lower losses, resulting in greater efficiency and considerable energy savings. According to a study by Yole Développement, the SiC semiconductor market will grow to $6.3 billion by 2027, underscoring the increasing importance of this technology.
Smart Energy in Electronics 2024
At electronica 2024, which revolves around the all-electric society, the theme of smart energy will play a correspondingly important role, both in the exhibition booths and in the program of conferences and forums. The Power Electronics Forum in Hall A5, for example, will cover the entire spectrum of power electronics. There, experts will discuss current trends and developments, which are crucial for the energy transition and the implementation of the all-electric society. Hall A4 will be dedicated to innovations in transformers, power supplies, power units, and batteries. In Halls B4, B5, C3, C4, and C5, numerous exhibitors will present their latest products and solutions related to semiconductors, while embedded systems will be featured in Hall B4.
