Market Overview:
The global electric vehicle power electronics market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles across the globe. Electric vehicles are powered by a battery that converts electrical energy into mechanical energy, which powers the car. The growing demand for electric vehicles is driven by factors such as environmental concerns, government initiatives and technological advancements. The global electric vehicle power electronics market can be segmented on the basis of type, application and region. On the basis of type, the market can be divided into inverters, converters and chargers. Inverters are used to convert direct current (DC) into alternating current (AC), while converters are used to change AC voltages from one level to another.
Product Definition:
Electric Vehicle Power Electronics is the study and application of electronics systems that manage and control the power delivered to electric vehicles. These systems are used to convert the stored energy in batteries into electrical current that powers electric motors, which in turn drive the wheels of the vehicle. Electric Vehicle Power Electronics is important because it allows electric vehicles to operate more efficiently and extend their range between charges.
Inverters:
Inverters are electronic devices that convert the Alternating Current (AC) from a power source to the Direct Current (DC) required by electric vehicles. The inverter is an essential component in an EV as it helps in converting the DC electricity produced by the battery into AC electricity for charging and powering vehicle accessories.
The global inverters market size was valued at USD 2,69,34 thousand in 2016.
Converters:
Converters are power electronic devices used to change the direct current (DC) voltage levels of an electric vehicle battery. They are essential components in every electric vehicle as they help in increasing the range of a battery by reducing its charging time. The growing need for energy-efficient vehicles is expected to drive converters and it's usage in the electric vehicle power electronics market over the forecast period.
The global market for converters.
Application Insights:
The passenger vehicles segment dominated the global electric vehicle power electronics market in 2017 and is expected to maintain its dominance over the forecast period. The growing demand for passenger cars owing to rising disposable income levels coupled with increasing government initiatives such as ¢â‚¬Å“Ease of Driving Permit Application in India¢â‚¬ has resulted in increased sales of passenger vehicles, thereby propelling growth.
Commercial vehicles are also estimated to witness significant growth over the forecast period owing to their application across logistics and transportation sectors. These commercial electric trucks have a longer range than their diesel-powered counterparts enabling them to serve remote areas without access roads or railway stations. Such factors are likely drive adoption of commercial EVs, which will further propel market growth by 2030.
Regional Analysis:
The Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing an increasing demand for electric vehicles, which, in turn, is anticipated to drive the growth of power electronics in this region. China and Japan are among the top 10 battery manufacturing countries globally. Moreover, key players such as LG Chem Ltd., Panasonic Corporation, Samsung SDI Co., Ltd., and Fujitsu General Limited have established their production facilities in countries such as China (SINOPEC), South Korea (Kohls), Taiwan (Panasonic) or Japan (Fujitsu).
North America held a significant share of global revenue owing to growing emphasis on reducing carbon footprint associated with vehicle transportation coupled with stringent government regulations regarding fuel emissions from light commercial vehicles & passenger cars/light trucks. Furthermore, presence of major industry participants including Tesla Inc.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% from 2016 to 2020. This growth can be attributed to the increasing demand for environment-friendly and fuel-efficient vehicles.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles by providing various incentives such as subsidies, tax rebates, and parking privileges. For instance, in March 2016, the UK government announced a subsidy worth £5,000 for buyers of electric cars.
- Development of advanced power electronics technologies: The development of next-generation power electronics technologies is helping reduce the size and weight of EV power systems while improving their efficiency and performance. For instance, in February 2017, Toshiba Corporation announced the development of an all-new 12 V automotive battery system that is 30% smaller and lighter than current offerings on the market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Power Electronics Market Research Report
By Type
Inverters, Converters, Charger
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Continental, Delphi, Hitachi, Infineon Technologies, ZF, Bosch, BYD, Fairchild Semiconductors, STMicroelectronics, Texas Instruments, Toyota Motor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Power Electronics Market Report Segments:
The global Electric Vehicle Power Electronics market is segmented on the basis of:
Types
Inverters, Converters, Charger
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicles, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental
- Delphi
- Hitachi
- Infineon Technologies
- ZF
- Bosch
- BYD
- Fairchild Semiconductors
- STMicroelectronics
- Texas Instruments
- Toyota Motor
Highlights of The Electric Vehicle Power Electronics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Inverters
- Converters
- Charger
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Vehicle Power Electronics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric vehicle power electronics (EV PE) is a subset of electrical engineering that deals with the design, integration, and management of electric vehicles. It encompasses everything from the battery pack to the control systems needed to operate them.
Some of the major companies in the electric vehicle power electronics market are Continental, Delphi, Hitachi, Infineon Technologies, ZF, Bosch, BYD, Fairchild Semiconductors, STMicroelectronics, Texas Instruments, Toyota Motor.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Vehicle Power Electronics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Vehicle Power Electronics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Vehicle Power Electronics Market - Supply Chain
4.5. Global Electric Vehicle Power Electronics Market Forecast
4.5.1. Electric Vehicle Power Electronics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Vehicle Power Electronics Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Vehicle Power Electronics Market Absolute $ Opportunity
5. Global Electric Vehicle Power Electronics Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Vehicle Power Electronics Market Size and Volume Forecast by Type
5.3.1. Inverters
5.3.2. Converters
5.3.3. Charger
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Vehicle Power Electronics Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Vehicle Power Electronics Market Size and Volume Forecast by Application
6.3.1. Passenger Vehicles
6.3.2. Commercial Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Vehicle Power Electronics Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Vehicle Power Electronics Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Vehicle Power Electronics Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Vehicle Power Electronics Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Vehicle Power Electronics Demand Share Forecast, 2019-2026
9. North America Electric Vehicle Power Electronics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Vehicle Power Electronics Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Vehicle Power Electronics Market Size and Volume Forecast by Application
9.4.1. Passenger Vehicles
9.4.2. Commercial Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Vehicle Power Electronics Market Size and Volume Forecast by Type
9.7.1. Inverters
9.7.2. Converters
9.7.3. Charger
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Vehicle Power Electronics Demand Share Forecast, 2019-2026
10. Latin America Electric Vehicle Power Electronics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Vehicle Power Electronics Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Vehicle Power Electronics Market Size and Volume Forecast by Application
10.4.1. Passenger Vehicles
10.4.2. Commercial Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Vehicle Power Electronics Market Size and Volume Forecast by Type
10.7.1. Inverters
10.7.2. Converters
10.7.3. Charger
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Vehicle Power Electronics Demand Share Forecast, 2019-2026
11. Europe Electric Vehicle Power Electronics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Vehicle Power Electronics Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Vehicle Power Electronics Market Size and Volume Forecast by Application
11.4.1. Passenger Vehicles
11.4.2. Commercial Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Vehicle Power Electronics Market Size and Volume Forecast by Type
11.7.1. Inverters
11.7.2. Converters
11.7.3. Charger
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Vehicle Power Electronics Demand Share, 2019-2026
12. Asia Pacific Electric Vehicle Power Electronics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Vehicle Power Electronics Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Vehicle Power Electronics Market Size and Volume Forecast by Application
12.4.1. Passenger Vehicles
12.4.2. Commercial Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Vehicle Power Electronics Market Size and Volume Forecast by Type
12.7.1. Inverters
12.7.2. Converters
12.7.3. Charger
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Vehicle Power Electronics Demand Share, 2019-2026
13. Middle East & Africa Electric Vehicle Power Electronics Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Vehicle Power Electronics Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Vehicle Power Electronics Market Size and Volume Forecast by Application
13.4.1. Passenger Vehicles
13.4.2. Commercial Vehicles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Vehicle Power Electronics Market Size and Volume Forecast by Type
13.7.1. Inverters
13.7.2. Converters
13.7.3. Charger
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Vehicle Power Electronics Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Vehicle Power Electronics Market: Market Share Analysis
14.2. Electric Vehicle Power Electronics Distributors and Customers
14.3. Electric Vehicle Power Electronics Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Continental
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Delphi
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hitachi
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Infineon Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ZF
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bosch
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BYD
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fairchild Semiconductors
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. STMicroelectronics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Texas Instruments
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Toyota Motor
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
