Market Overview:
The
Power
Electronics for Electric Vehicle Market is expected to grow at a
significant growth rate over the analysis period 2022-2028, considering base
year as 2021.
Power electronics play a vital role in the
functioning of electric vehicles as they are responsible for converting and
managing the electric power supply within the system. These components, such as
onboard chargers, converters, and inverters, enable efficient operations at
high voltage or current levels due to their fast switching rate and improved
efficiency. They also ensure the regulation of energy flow in both directions,
allowing for the return of regenerated energy to the utility grid. Power electronics
are essential in various applications to optimize energy management by
facilitating the conversion for motor operation, battery storage, and generator
usage. In maritime applications, the demand for highly reliable power
converters with simplified maintenance requirements is increasing due to the
intricate electrical designs involved.
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The
Report Will Contains A Crucial Chapter
·
Regulatory Framework
·
Technology Roadmap
·
BCG Matrix
·
Heat Map Analysis
·
Price Trend Analysis
·
Investment Analysis
·
Company Profiling and
Competitive Positioning
·
Industry Value Chain
Analysis
·
Market Dynamics and
Factors
·
Porter’s Five Forces
Analysis
·
Pestle Analysis
·
SWOT Analysis
Market Dynamics and Factors:
The progress and advancements in energy-efficient
electric vehicles serve as a significant driving force for the power
electronics market in the electric vehicle industry. As electric vehicles
continue to gain popularity and become a viable alternative to traditional
combustion engine vehicles, the demand for more efficient and reliable power
electronics components increases. Energy efficiency is a key factor in the
development of electric vehicles, as it directly impacts the driving range and
overall performance. Power electronics play a crucial role in optimizing energy
flow and conversion within electric vehicles. They enable efficient power management,
voltage regulation, and energy conversion between the battery, motor, and other
electrical systems. Advancements in power electronics technology have led to
improved efficiency, reduced power losses, and enhanced performance of electric
vehicles.
The development of high-performance semiconductors
specifically designed for electric vehicle (EV) power electronics presents a
significant opportunity within the Power Electronics for Electric Vehicle
Market. This opportunity arises from the need to continually improve the
efficiency, power density, and reliability of power electronic systems in
electric vehicles. High-performance semiconductors, such as wide-bandgap (WBG)
materials like silicon carbide (SiC) and gallium nitride (GaN), offer
advantages over traditional silicon-based devices.
Top
Key Players Covered In The Power Electronics for Electric Vehicle Market:
•
Denso Corporation (Japan)
•
Robert Bosch GmbH
(Germany)
•
Infineon Technologies AG
(Germany)
•
Delphi Technologies
(United Kingdom)
•
Continental AG (Germany)
•
Hitachi Automotive
Systems Ltd. (Japan)
•
Valeo (France)
•
Mitsubishi Electric
Corporation (Japan)
•
Hella (Germany)
•
Panasonic Corporation
(Japan)
•
Tesla Inc. (United
States)
•
Toyota Industries
Corporation (Japan)
• Hangzhou Tiecheng Information Technology (China) And Other Major Players.
The Power
Electronics for Electric Vehicle Market Report Highlight:
·
By Application, the Inverter
segment is anticipated to lead the growth of the Power Electronics for Electric
Vehicle Market in the forecasted timeframe. As electric vehicles rely on power
electronics for their efficient operation, inverters play a crucial role in
converting the DC (direct current) power from the battery into AC (alternating
current) power required for the electric motor.
·
By End – Use, The Railway
segment is expected to dominate the Power Electronics for Electric Vehicle Market. Because
it plays a crucial role in enhancing the efficiency and performance of electric
rail systems. They enable efficient energy conversion, regenerative braking,
and power management, resulting in improved overall system performance, reduced
energy consumption, and extended range.
· The Asia-Pacific is predicted to grow significantly in Power Electronics for Electric Vehicle Market. The Asia-Pacific region, particularly countries like China, Japan, and South Korea, has witnessed substantial growth in the electric vehicle market.
Key
Industry Development:
In May 2023,
Denso Corporation (Denso), A Leading Mobility Supplier, And United
Semiconductor Japan Co., Ltd., A Subsidiary Of Global Semiconductor Foundry
United Microelectronics Corporation, Announced A Joint Collaboration To Produce
Insulated Gate Bipolar Transistors.
In April 2023, Valeo
presents its latest technologies for smarter, safer and greener motilities at
Auto Shanghai 2023. Valeo launched the ‘Move Up’ plan, which identified four
strategic development directions that align with market trends:
Power
Electronics for Electric Vehicle Market Segmentation:
By
Application
o Inverter
o Converter
o On-board
Charger
By
End-Use
o Automotive
o Railways
o Marine
o Electrically
Powered Airborne Vehicles
For
this report, Introspective Market Research has segmented the Power Electronics
for Electric Vehicle Market based on region:
Regional
Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
o US
o Canada
o Mexico
·
Eastern Europe
o Bulgaria
o The
Czech Republic
o Hungary
o Poland
o Romania
o Rest of Eastern Europe
·
Western Europe
o Germany
o UK
o France
o Netherlands
o Italy
o Russia
o Spain
o Rest of Western Europe
·
Asia Pacific
o China
o India
o Japan
o South
Korea
o Malaysia
o Thailand
o Vietnam
o The
Philippines
o Australia
o New
Zealand
o Rest of APAC
·
Middle East & Africa
o Turkey
o Bahrain
o Kuwait
o Saudi
Arabia
o Qatar
o UAE
o Israel
o South
Africa
·
South America
o Brazil
o Argentina
o Rest of SA
Scope of the Report:
The latest research on the Power Electronics for
Electric Vehicle market provides a comprehensive overview of the market for the
years 2022 to 2028. It gives a comprehensive picture of the global Power
Electronics for Electric Vehicle industry, considering all significant industry
trends, market dynamics, competitive landscape, and market analysis tools such
as Porter's five forces analysis, Industry Value chain analysis, and PESTEL
analysis of the Power Electronics for Electric Vehicle market. Moreover, the
report includes significant chapters such as Patent Analysis, Regulatory
Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend
Analysis, and Investment Analysis which help to understand the market direction
and movement in the current and upcoming years. The report is designed to help
readers find information and make decisions that will help them grow their
businesses. The study is written with a specific goal in mind to give business
insights and consultancy to help customers make smart business decisions and
achieve long-term success in their particular market areas.
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