Market Overview:
The global power module for electric vehicle market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles across the globe. In addition, factors such as technological advancements and rising awareness about environment-friendly transportation are also contributing to the growth of this market. The global power module for electric vehicle market is segmented on the basis of type, application, and region. On the basis of type, it is divided into GaN, SiC, and others. GaN held a major share in 2017 owing to its high efficiency and superior performance as compared to other types of modules available in the market. However, SiC is expected to grow at a higher CAGR during 2018-2030 due its advantages such as high thermal conductivity and low junction temperature coefficient over GaN modules. Based on application, it is classified into HEV (hybrid electric vehicles), EV (electric vehicles), PHEV (plug-in hybrid electric vehicles). HEVs accounted for majority share in 2017 owing to their growing popularity among consumers across different regions worldwide; however EVs are projected witness highest growth rate during forecast period due To increase in number Of government initiatives And subsidies For promotion Of EVs .
Product Definition:
Power module is an important part of electric vehicle. It converts the DC power from battery to AC power which is needed to run the electric motor. It also includes various safety features like over-current, over-voltage and thermal protection.
GaN:
GaN is a type of semiconductor material used in power modules for electric vehicles. It has high electrical efficiency and can deliver higher power levels with less weight, making it ideal for EV applications. The material is also referred to as silicon carbide or silicide, depending on the method used to manufacture it.
SiC:
The Silicon Carbide (SiC) Power Module for Electric Vehicle Market is expected to witness significant growth over the forecast period owing to increasing demand for electric vehicles. SiC power module has several advantages such as compact size, high efficiency, and low emission which are anticipated to drive market growth. The silicon carbide power module offers higher performance compared to Lithium-ion or Nickel-metal hydride batteries used in other electric vehicles.
Application Insights:
Based on the application, the global power module for electric vehicle market is segmented into HEV, EV and PHEV. The HEV segment dominated the overall market in terms of revenue share in 2017. This can be attributed to increasing demand from commercial vehicles such as trucks and buses which are used for transporting goods across various regions.
The growing need to conserve energy resources has resulted in increased focus on developing renewable sources including wind and solar energy generation that can be utilized directly within a vehicle without the need for additional equipment or devices. Electric vehicles equipped with power modules based on silicon carbide technology exhibit higher efficiency than conventional counterparts owing to their low-power draw during operation as well as reduced heat production while braking or accelerating a vehicle respectively over long distances thereby reducing fuel consumption by up to 20%.
Regional Analysis:
The North American regional market accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing investments by governments in R&D and growing adoption of electric vehicles across major countries such as U.S., Canada, and Mexico. Moreover, presence of key companies such as General Motors Company; Ford Motor Company; Tesla Inc.; Nissan Motor Corporation; BMW Group; and Volkswagen Group will boost industry growth over the next eight years.
Asia Pacific is anticipated to be one of the fastest-growing regions due to rising demand for energy-efficient products from developing economies including China, India, Japan, South Korea among others which are also major manufacturers of power electronics equipment using various technologies including SiC & GaN high efficiency modules (HEM).
Growth Factors:
- Increasing demand for electric vehicles from the automotive sector
- Government initiatives and subsidies for electric vehicles
- Rising awareness about the benefits of electric vehicles among consumers
- Technological advancements in power module for electric vehicle market
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Module for Electric Vehicle Market Research Report
By Type
GaN, SiC, Others
By Application
HEV, EV, PHEV
By Companies
Mitsubishi Electric, Fuji Electric, SEMIKRON, ON Semiconductor, Renesas Electronics, Vishay Intertechnology, Texas Instruments, Toshiba, Stmicroelectronics, NXP Semiconductors, Microsemi Corporation
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Power Module for Electric Vehicle Market Report Segments:
The global Power Module for Electric Vehicle market is segmented on the basis of:
Types
GaN, SiC, Others
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
HEV, EV, PHEV
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:
- Mitsubishi Electric
- Fuji Electric
- SEMIKRON
- ON Semiconductor
- Renesas Electronics
- Vishay Intertechnology
- Texas Instruments
- Toshiba
- Stmicroelectronics
- NXP Semiconductors
- Microsemi Corporation
Highlights of The Power Module for Electric Vehicle 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:
- GaN
- SiC
- Others
- By Application:
- HEV
- EV
- PHEV
- 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 Power Module for Electric Vehicle 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?
A power module for electric vehicles is a device that converts the electrical energy from an external source, such as a battery, into usable form to run the vehicle's motors.
Some of the major players in the power module for electric vehicle market are Mitsubishi Electric, Fuji Electric, SEMIKRON, ON Semiconductor, Renesas Electronics, Vishay Intertechnology, Texas Instruments, Toshiba, Stmicroelectronics, NXP Semiconductors, Microsemi Corporation.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Power Module for Electric Vehicle 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. Power Module for Electric Vehicle Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Power Module for Electric Vehicle Market - Supply Chain
4.5. Global Power Module for Electric Vehicle Market Forecast
4.5.1. Power Module for Electric Vehicle Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Power Module for Electric Vehicle Market Size (000 Units) and Y-o-Y Growth
4.5.3. Power Module for Electric Vehicle Market Absolute $ Opportunity
5. Global Power Module for Electric Vehicle 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. Power Module for Electric Vehicle Market Size and Volume Forecast by Type
5.3.1. GaN
5.3.2. SiC
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Power Module for Electric Vehicle 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. Power Module for Electric Vehicle Market Size and Volume Forecast by Application
6.3.1. HEV
6.3.2. EV
6.3.3. PHEV
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Power Module for Electric Vehicle 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. Power Module for Electric Vehicle 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 Power Module for Electric Vehicle 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. Power Module for Electric Vehicle 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 Power Module for Electric Vehicle Demand Share Forecast, 2019-2026
9. North America Power Module for Electric Vehicle 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 Power Module for Electric Vehicle 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 Power Module for Electric Vehicle Market Size and Volume Forecast by Application
9.4.1. HEV
9.4.2. EV
9.4.3. PHEV
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Power Module for Electric Vehicle Market Size and Volume Forecast by Type
9.7.1. GaN
9.7.2. SiC
9.7.3. Others
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 Power Module for Electric Vehicle Demand Share Forecast, 2019-2026
10. Latin America Power Module for Electric Vehicle 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 Power Module for Electric Vehicle 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 Power Module for Electric Vehicle Market Size and Volume Forecast by Application
10.4.1. HEV
10.4.2. EV
10.4.3. PHEV
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Power Module for Electric Vehicle Market Size and Volume Forecast by Type
10.7.1. GaN
10.7.2. SiC
10.7.3. Others
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 Power Module for Electric Vehicle Demand Share Forecast, 2019-2026
11. Europe Power Module for Electric Vehicle 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 Power Module for Electric Vehicle 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 Power Module for Electric Vehicle Market Size and Volume Forecast by Application
11.4.1. HEV
11.4.2. EV
11.4.3. PHEV
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Power Module for Electric Vehicle Market Size and Volume Forecast by Type
11.7.1. GaN
11.7.2. SiC
11.7.3. Others
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 Power Module for Electric Vehicle Demand Share, 2019-2026
12. Asia Pacific Power Module for Electric Vehicle 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 Power Module for Electric Vehicle 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 Power Module for Electric Vehicle Market Size and Volume Forecast by Application
12.4.1. HEV
12.4.2. EV
12.4.3. PHEV
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Power Module for Electric Vehicle Market Size and Volume Forecast by Type
12.7.1. GaN
12.7.2. SiC
12.7.3. Others
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 Power Module for Electric Vehicle Demand Share, 2019-2026
13. Middle East & Africa Power Module for Electric Vehicle 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 Power Module for Electric Vehicle 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 Power Module for Electric Vehicle Market Size and Volume Forecast by Application
13.4.1. HEV
13.4.2. EV
13.4.3. PHEV
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Power Module for Electric Vehicle Market Size and Volume Forecast by Type
13.7.1. GaN
13.7.2. SiC
13.7.3. Others
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 Power Module for Electric Vehicle Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Power Module for Electric Vehicle Market: Market Share Analysis
14.2. Power Module for Electric Vehicle Distributors and Customers
14.3. Power Module for Electric Vehicle Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mitsubishi Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Fuji Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SEMIKRON
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ON Semiconductor
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Renesas Electronics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Vishay Intertechnology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Texas Instruments
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Toshiba
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. NXP Semiconductors
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Microsemi Corporation
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
