Power Electronics for Electric Vehicles Market Growth 2019-2024
To control the flow of energy, the switching electronic circuits are used. These switching electronic circuits are called power electronics. Power electronics are also considered for the conversion of electric power. Such conversions are performed by semiconductor devices like diodes, transistors and thyristors etc.
Power electronics devices have several advantages including optimum forward and reverse backing capabilities, simplified circuits, compact designs etc. Moreover, power electronics find its applications in connection of renewable energy resources to power grids, transportation in electric trains, motor drives and lighting. The major use of power electronics devices is heat sinking as well as soft starting of equipment deploying power electronic devices. This report only covers electric vehicles segment.
The Power Electronics for Electric Vehicles industry is relatively concentrated, and high-end products mainly come from Europe and Japan.
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According to this study, over the next five years the Power Electronics for Electric Vehicles market will register a 5.4% CAGR in terms of revenue, the global market size will reach US$ 5650 million by 2024, from US$ 4110 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Power Electronics for Electric Vehicles business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Power Electronics for Electric Vehicles market by product type, application, key manufacturers and key regions and countries.
This study considers the Power Electronics for Electric Vehicles value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
- Power IC
- Power Module
- Power Discrete
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
- HEV
- EV
- PHEV
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report: Breakdown data in in Chapter 3.
- Infineon Technologies
- Mitsubishi Electric
- Fuji Electric
- SEMIKRON
- ON Semiconductor
- Renesas Electronics
- Vishay Intertechnology
- Texas Instruments
- Toshiba
- Stmicroelectronics
- NXP Semiconductors
- Microsemi Corporation
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
- To study and analyze the global Power Electronics for Electric Vehicles consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Power Electronics for Electric Vehicles market by identifying its various subsegments.
- Focuses on the key global Power Electronics for Electric Vehicles manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Power Electronics for Electric Vehicles with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Power Electronics for Electric Vehicles submarkets, with respect to key regions (along with their respective key countries).
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Table of content
2019–2024 Global Power Electronics for Electric Vehicles Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Power Electronics for Electric Vehicles Consumption 2014–2024
2.1.2 Power Electronics for Electric Vehicles Consumption CAGR by Region
2.2 Power Electronics for Electric Vehicles Segment by Type
2.2.1 Power IC
2.2.2 Power Module
2.2.3 Power Discrete
2.3 Power Electronics for Electric Vehicles Consumption by Type
2.3.1 Global Power Electronics for Electric Vehicles Consumption Market Share by Type (2014–2019)
2.3.2 Global Power Electronics for Electric Vehicles Revenue and Market Share by Type (2014–2019)
2.3.3 Global Power Electronics for Electric Vehicles Sale Price by Type (2014–2019)
2.4 Power Electronics for Electric Vehicles Segment by Application
2.4.1 HEV
2.4.2 EV
2.4.3 PHEV
2.5 Power Electronics for Electric Vehicles Consumption by Application
2.5.1 Global Power Electronics for Electric Vehicles Consumption Market Share by Application (2014–2019)
List of Tables and Figures
- Figure Picture of Power Electronics for Electric Vehicles
2. Table Product Specifications of Power Electronics for Electric Vehicles
3. Figure Power Electronics for Electric Vehicles Report Years Considered
4. Figure Market Research Methodology
5. Figure Global Power Electronics for Electric Vehicles Consumption Growth Rate 2014–2024 (K MT)
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