Powder metallurgy (PM) technology has a growth of 7% annually. Competing technologies set demand on the PM technology to convert more highly loaded components to maintain this growth rate. Development work up till today on both material and processes has proven to meet these demands. Chromium as an alloying element has opened up a cost efficient way to manufacture high performance parts. Compacting techniques, sintering concepts and improvements for secondary operations for such a material gives the opportunity for further strengthening of the growth for the PM technology. In this presentation development trends for high performance components are discussed. Potential for PM technology as such is set in relation towards precision casting and other competitive techniques. Potential material and potential processing techniques are discussed.