September 20th, 2022
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 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. In addition, power electronics regulate the flow of energy in both directions, depending on demand, and the regenerated energy can be returned to the utility. Power electronics, a crucial technology that provides the conversion to run motors, battery storage, and generators, are utilized in many applications to enhance energy management. The necessity for power converters with high reliability and straightforward maintenance needs grows as a result of the complex electrical designs used in maritime applications.
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The Major Players In The Power Electronics for Electric Vehicle Market Include:
Denso Corporation,Robert Bosch GmbH,Infineon Technologies AG,Delphi Technologies,Continental AG ,Hitachi Automotive Systems Ltd.,Valeo,Mitsubishi Electric Corporation,Denso Corporation,Infineon Technologies,Robert Bosch GmbH,Hella,Panasonic Corporation,Tesla Inc.,Toyota Industries Corporation,Hangzhou Tiecheng Information Technology and other major players.
Market has segmented the global Power Electronics for Electric Vehicle market on the basis of type, application, and region:
The Power Electronics for Electric Vehicle market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
By End User:
Inverter, Converter, On-board Charger
By Regional Outlook (Revenue, USD Billion, 2017 – 2028)
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
South America (Brazil, Argentina, Rest of South America)
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The role of transition towards lower carbon emission and more electrification of vehicles by making lower consumption of energy is growing. These factors are leading to an increased market for electric vehicles. The increased demand for advanced technology power solutions is driving the power electronics market. The adoption of advanced technology such as electronic stability control (ESC), advanced driver assistance system (ADAS), and electronic control unit (ECU) has been growing in vehicles, and power electronics are used for the protection of this system. The increased use of automotive power electronics in electric vehicles is driving the market. The OEMs are strengthening the business by investing in the development of new technologies to drive growth and maintain customer relevance across the globe.
Top Impacting Factors
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Leading Power Electronics for Electric Vehicle manufacturers competing in the worldwide Power Electronics for Electric Vehicle market landscape are grappling with this demand-supply imbalance, prompting new product development.
Key Benefits for Industry Participants & Stakeholders:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Power Electronics for Electric Vehicle Market
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