Power Electronics for Electric Vehicle Market Synopsis
The Global Power Electronics for Electric Vehicle Market size is expected to grow from USD 12.01 billion in 2023 to USD 187.39 billion by 2032, at a CAGR of 35.70% during the forecast period (2024-2032).
Power electronics in electric vehicles are in charge of converting and managing the system's supply of electric power. The electric vehicle system uses some of the main power electronic components and functionality. These include onboard chargers, converters, and inverters. Power electronic devices can be used to efficiently carry out operations at high voltage or current because they provide a quicker switching rate a better efficiency.
- Increasing government initiatives to promote electric mobility, rising environmental concerns, and advancements in power electronics technology. The market is characterized by a surge in research and development activities, with companies focusing on innovations to develop compact, efficient, and cost-effective power electronics solutions for EVs.
- Major players in the industry are competing to introduce cutting-edge technologies, such as silicon carbide (SiC) and gallium nitride (GaN) semiconductors, to improve power conversion efficiency. Additionally, partnerships between automotive manufacturers and power electronics suppliers are becoming prevalent to accelerate product development and market penetration.
Power Electronics for Electric Vehicle Market Trend Analysis
Rising Demand for Electric Vehicles
- The rising demand for electric vehicles (EVs) is a pivotal driving force behind the growth of the Power Electronics for Electric Vehicle Market. As global awareness of environmental issues increases and governments push for sustainable transportation solutions, the automotive industry is undergoing a significant shift towards electric mobility.
- Power electronics play a crucial role in the functioning of electric vehicles, serving as key components in electric drivetrains, battery management systems, and charging infrastructure. The surge in EV adoption has led to an increased need for efficient power electronics to manage power distribution, control, and conversion within these vehicles. Manufacturers are innovating to develop advanced power electronics solutions that enhance the performance, efficiency, and range of electric vehicles.
- Moreover, the growing emphasis on reducing carbon emissions and the development of supportive regulatory frameworks are accelerating the transition to electric transportation.
Integration with Renewable Energy Sources creates an Opportunity for Power Electronics for Electric Vehicle Market
- The integration of renewable energy sources presents a significant opportunity for power electronics in the electric vehicle (EV) market. As the world transitions towards a sustainable energy future, the demand for electric vehicles continues to grow, driving the need for efficient and reliable power electronic systems.
- Renewable energy sources, such as solar and wind, can be harnessed to charge electric vehicles, offering a cleaner and more sustainable alternative to traditional grid-based charging. Power electronics play a crucial role in this integration by facilitating the conversion, control, and management of electrical energy between the renewable sources and EV batteries.
- In particular, power electronic converters and inverters are essential components that enable the efficient transfer of energy from renewable sources to electric vehicle batteries, optimizing charging processes and enhancing overall system performance. This integration not only contributes to the reduction of carbon emissions but also promotes energy independence and resilience in the transportation sector.
Power Electronics for Electric Vehicle Market Segment Analysis:
Power Electronics for Electric Vehicle Market Segmented on the basis of application, and end-users.
By Application, Inverter segment is expected to dominate the market during the forecast period
- Electric Vehicle Market is witnessing a significant surge, with the inverter segment poised to take the lead in shaping the industry. The inverter plays a pivotal role in converting direct current (DC) from the vehicle's battery into alternating current (AC) for the electric motor, facilitating the vehicle's propulsion.
- Several factors contribute to the dominance of the inverter segment. Firstly, the increasing adoption of electric vehicles globally has led to a surge in demand for efficient and high-performance inverters. As automakers strive to enhance the driving range, efficiency, and overall performance of EVs, the inverter emerges as a critical component
- Moreover, advancements in inverter technology, such as the development of silicon carbide (SiC) and gallium nitride (GaN) materials, have contributed to improved power conversion efficiency and reduced energy losses. These technological enhancements make the inverter segment a key focus for manufacturers and investors alike
By End-Use, Automotive segment held the largest share of 49% in 2022
- The dominance of the automotive segment in the Power Electronics for Electric Vehicle (EV) market is a result of the rapid growth and adoption of electric vehicles worldwide. The automotive sector has been a key driver of the demand for power electronics in EVs due to the critical role these components play in managing and controlling electrical power within the vehicle.
- The shift towards electric mobility has gained momentum, driven by increasing awareness of environmental issues, government initiatives promoting sustainable transportation, and advancements in battery technology. Power electronics in EVs are essential for functions such as power conversion, motor control, and battery management, contributing to improved energy efficiency and overall vehicle performance.
- Automotive manufacturers are investing heavily in developing electric and hybrid vehicles, leading to a surge in the demand for power electronics systems. This trend is likely to continue as countries set ambitious targets for reducing carbon emissions and promoting the adoption of electric vehicles.
Power Electronics for Electric Vehicle Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
- The Asia Pacific region is poised to dominate the Power Electronics for Electric Vehicle (EV) market, reflecting the region's dynamic role in the global automotive industry. As the demand for electric vehicles surges worldwide, Asia Pacific, home to key automotive manufacturing hubs and leading technology players, is positioned as a frontrunner in the development and adoption of power electronics for EVs.
- Countries like China, Japan, and South Korea are at the forefront of this trend, with robust government initiatives, significant investments in research and development, and a strong focus on sustainable transportation solutions. China, in particular, has emerged as a major player in the electric vehicle market, fostering an environment conducive to the growth of power electronics technologies.
- The Asia Pacific's dominance in the Power Electronics for Electric Vehicle Market is driven by a combination of factors, including a well-established manufacturing infrastructure, a rapidly expanding electric vehicle market, and a proactive approach to adopting green technologies.
Power Electronics for Electric Vehicle Market Top Key Players:
- Eaton Corporation(United States)
- On Semiconductor (United States)
- Vicor Corporation (United States)
- Vishay Intertechnology (United States)
- ABB (Switzerland)
- Aptiv (Ireland)
- Bosch (Germany)
- Continental AG (Germany)
- Infineon Technologies (Germany)
- STMicroelectronics (Switzerland)
- Valeo (France)
- Weidmüller (Germany)
- ZF Friedrichshafen AG (Germany)
- Denso (Japan)
- Fuji Electric (Japan)
- Mitsubishi Electric (Japan)
- NXP Semiconductors (Netherlands)
- Omron (Japan)
- Panasonic (Japan)
- Rohm Semiconductor (Japan)
- Toshiba (Japan)
- Yazaki (Japan)
Key Industry Developments in the Power Electronics for Electric Vehicle Market:
- In September 2023, Infineon Technologies Launched its CoolSiC MOSFET Gen5 series, boasting 30% lower switching losses and higher efficiency compared to previous generations. This translates to extended battery range and faster charging times for EVs.
- In February 2023, Rohm Semiconductor Unveiled its SiC Schottky Barrier Diodes with industry-leading low leakage current and reverse recovery charge.
Global Power Electronics for Electric Vehicle Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 12.01 Bn. |
Forecast Period 2024-32 CAGR: |
35.70% |
Market Size in 2032: |
USD 187.39 Bn. |
Segments Covered: |
By Application |
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By End-Use |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET BY APPLICATION (2016-2030)
- POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- INVERTER
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2016 – 2030F)
- Historic And Forecasted Market Size in Volume (2016 – 2030F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- CONVERTER
- ON-BOARD CHARGER
- POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET BY END-USE (2016-2030)
- POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- AUTOMOTIVE
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2016 – 2030F)
- Historic And Forecasted Market Size in Volume (2016 – 2030F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- RAILWAYS
- MARINE
- ELECTRICALLY POWERED AIRBORNE VEHICLES
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- POWER ELECTRONICS FOR ELECTRIC VEHICLE Market Share By Manufacturer (2022)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- EATON CORPORATION (UNITED STATES)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- ON SEMICONDUCTOR (UNITED STATES)
- VICOR CORPORATION (UNITED STATES)
- VISHAY INTERTECHNOLOGY (UNITED STATES)
- ABB (SWITZERLAND)
- APTIV (IRELAND)
- BOSCH (GERMANY)
- CONTINENTAL AG (GERMANY)
- INFINEON TECHNOLOGIES (GERMANY)
- STMICROELECTRONICS (SWITZERLAND)
- VALEO (FRANCE)
- WEIDMÜLLER (GERMANY)
- ZF FRIEDRICHSHAFEN AG (GERMANY)
- DENSO (JAPAN)
- FUJI ELECTRIC (JAPAN)
- MITSUBISHI ELECTRIC (JAPAN)
- NXP SEMICONDUCTORS (NETHERLANDS)
- OMRON (JAPAN)
- PANASONIC (JAPAN)
- ROHM SEMICONDUCTOR (JAPAN)
- TOSHIBA (JAPAN)
- COMPETITIVE LANDSCAPE
- GLOBAL POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Application
- Historic And Forecasted Market Size By End-Use
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global Power Electronics for Electric Vehicle Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 12.01 Bn. |
Forecast Period 2024-32 CAGR: |
35.70% |
Market Size in 2032: |
USD 187.39 Bn. |
Segments Covered: |
By Application |
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By End-Use |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET COMPETITIVE RIVALRY
TABLE 005. POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET THREAT OF NEW ENTRANTS
TABLE 006. POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET THREAT OF SUBSTITUTES
TABLE 007. POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET BY APPLICATION
TABLE 008. INVERTER MARKET OVERVIEW (2016-2028)
TABLE 009. CONVERTER MARKET OVERVIEW (2016-2028)
TABLE 010. ON-BOARD CHARGER MARKET OVERVIEW (2016-2028)
TABLE 011. POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET BY END-USE
TABLE 012. AUTOMOTIVE MARKET OVERVIEW (2016-2028)
TABLE 013. RAILWAYS MARKET OVERVIEW (2016-2028)
TABLE 014. MARINE MARKET OVERVIEW (2016-2028)
TABLE 015. ELECTRICALLY POWERED AIRBORNE VEHICLES MARKET OVERVIEW (2016-2028)
TABLE 016. NORTH AMERICA POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY APPLICATION (2016-2028)
TABLE 017. NORTH AMERICA POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY END-USE (2016-2028)
TABLE 018. N POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 019. EUROPE POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY APPLICATION (2016-2028)
TABLE 020. EUROPE POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY END-USE (2016-2028)
TABLE 021. POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 022. ASIA PACIFIC POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY APPLICATION (2016-2028)
TABLE 023. ASIA PACIFIC POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY END-USE (2016-2028)
TABLE 024. POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY APPLICATION (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY END-USE (2016-2028)
TABLE 027. POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 028. SOUTH AMERICA POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY APPLICATION (2016-2028)
TABLE 029. SOUTH AMERICA POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY END-USE (2016-2028)
TABLE 030. POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 031. DENSO CORPORATION: SNAPSHOT
TABLE 032. DENSO CORPORATION: BUSINESS PERFORMANCE
TABLE 033. DENSO CORPORATION: PRODUCT PORTFOLIO
TABLE 034. DENSO CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. ROBERT BOSCH GMBH: SNAPSHOT
TABLE 035. ROBERT BOSCH GMBH: BUSINESS PERFORMANCE
TABLE 036. ROBERT BOSCH GMBH: PRODUCT PORTFOLIO
TABLE 037. ROBERT BOSCH GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. INFINEON TECHNOLOGIES AG: SNAPSHOT
TABLE 038. INFINEON TECHNOLOGIES AG: BUSINESS PERFORMANCE
TABLE 039. INFINEON TECHNOLOGIES AG: PRODUCT PORTFOLIO
TABLE 040. INFINEON TECHNOLOGIES AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. DELPHI TECHNOLOGIES: SNAPSHOT
TABLE 041. DELPHI TECHNOLOGIES: BUSINESS PERFORMANCE
TABLE 042. DELPHI TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 043. DELPHI TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. CONTINENTAL AG: SNAPSHOT
TABLE 044. CONTINENTAL AG: BUSINESS PERFORMANCE
TABLE 045. CONTINENTAL AG: PRODUCT PORTFOLIO
TABLE 046. CONTINENTAL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. HITACHI AUTOMOTIVE SYSTEMS LTD.: SNAPSHOT
TABLE 047. HITACHI AUTOMOTIVE SYSTEMS LTD.: BUSINESS PERFORMANCE
TABLE 048. HITACHI AUTOMOTIVE SYSTEMS LTD.: PRODUCT PORTFOLIO
TABLE 049. HITACHI AUTOMOTIVE SYSTEMS LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. VALEO: SNAPSHOT
TABLE 050. VALEO: BUSINESS PERFORMANCE
TABLE 051. VALEO: PRODUCT PORTFOLIO
TABLE 052. VALEO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. MITSUBISHI ELECTRIC CORPORATION: SNAPSHOT
TABLE 053. MITSUBISHI ELECTRIC CORPORATION: BUSINESS PERFORMANCE
TABLE 054. MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 055. MITSUBISHI ELECTRIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. DENSO CORPORATION: SNAPSHOT
TABLE 056. DENSO CORPORATION: BUSINESS PERFORMANCE
TABLE 057. DENSO CORPORATION: PRODUCT PORTFOLIO
TABLE 058. DENSO CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. INFINEON TECHNOLOGIES: SNAPSHOT
TABLE 059. INFINEON TECHNOLOGIES: BUSINESS PERFORMANCE
TABLE 060. INFINEON TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 061. INFINEON TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. ROBERT BOSCH GMBH: SNAPSHOT
TABLE 062. ROBERT BOSCH GMBH: BUSINESS PERFORMANCE
TABLE 063. ROBERT BOSCH GMBH: PRODUCT PORTFOLIO
TABLE 064. ROBERT BOSCH GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. HELLA: SNAPSHOT
TABLE 065. HELLA: BUSINESS PERFORMANCE
TABLE 066. HELLA: PRODUCT PORTFOLIO
TABLE 067. HELLA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. PANASONIC CORPORATION: SNAPSHOT
TABLE 068. PANASONIC CORPORATION: BUSINESS PERFORMANCE
TABLE 069. PANASONIC CORPORATION: PRODUCT PORTFOLIO
TABLE 070. PANASONIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. TESLA INC.: SNAPSHOT
TABLE 071. TESLA INC.: BUSINESS PERFORMANCE
TABLE 072. TESLA INC.: PRODUCT PORTFOLIO
TABLE 073. TESLA INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. TOYOTA INDUSTRIES CORPORATION: SNAPSHOT
TABLE 074. TOYOTA INDUSTRIES CORPORATION: BUSINESS PERFORMANCE
TABLE 075. TOYOTA INDUSTRIES CORPORATION: PRODUCT PORTFOLIO
TABLE 076. TOYOTA INDUSTRIES CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. HANGZHOU TIECHENG INFORMATION TECHNOLOGY: SNAPSHOT
TABLE 077. HANGZHOU TIECHENG INFORMATION TECHNOLOGY: BUSINESS PERFORMANCE
TABLE 078. HANGZHOU TIECHENG INFORMATION TECHNOLOGY: PRODUCT PORTFOLIO
TABLE 079. HANGZHOU TIECHENG INFORMATION TECHNOLOGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 080. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 081. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 082. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET OVERVIEW BY APPLICATION
FIGURE 012. INVERTER MARKET OVERVIEW (2016-2028)
FIGURE 013. CONVERTER MARKET OVERVIEW (2016-2028)
FIGURE 014. ON-BOARD CHARGER MARKET OVERVIEW (2016-2028)
FIGURE 015. POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET OVERVIEW BY END-USE
FIGURE 016. AUTOMOTIVE MARKET OVERVIEW (2016-2028)
FIGURE 017. RAILWAYS MARKET OVERVIEW (2016-2028)
FIGURE 018. MARINE MARKET OVERVIEW (2016-2028)
FIGURE 019. ELECTRICALLY POWERED AIRBORNE VEHICLES MARKET OVERVIEW (2016-2028)
FIGURE 020. NORTH AMERICA POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. EUROPE POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. ASIA PACIFIC POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. MIDDLE EAST & AFRICA POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. SOUTH AMERICA POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Power Electronics for Electric Vehicle Market research report is 2024-2032.
Eaton Corporation (United States), On Semiconductor (United States), Vicor Corporation (United States), Vishay Intertechnology (United States), ABB (Switzerland), Aptiv (Ireland), Bosch (Germany), Continental AG (Germany), Infineon Technologies (Germany), STMicroelectronics (Switzerland), Valeo (France), Weidmüller (Germany), ZF Friedrichshafen AG (Germany), Denso (Japan), Fuji Electric (Japan), Mitsubishi Electric (Japan), NXP Semiconductors (Netherlands), Omron (Japan), Panasonic (Japan), Rohm Semiconductor (Japan),Toshiba (Japan),Yazaki (Japan) and Other Major Players.
The Power Electronics for Electric Vehicle market is segmented into Application, End-Use and region. By Application, the market is categorized into Inverter, Converter, On-board Charger. By End-Use, it is classified into Automotive, Railways, Marine, Electrically Powered Airborne Vehicles. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Power electronics in electric vehicles are in charge of converting and managing the system's supply of electric power. The electric vehicle system uses some of the main power electronic components and functionality. These include onboard chargers, converters, and inverters. Power electronic devices can be used to efficiently carry out operations at high voltage or current because they provide a quicker switching rate a better efficiency.
The Global Power Electronics for Electric Vehicle Market size is expected to grow from USD 12.01 billion in 2023 to USD 187.39 billion by 2032, at a CAGR of 35.70% during the forecast period (2024-2032).