Power Electronics for Electric Vehicles Market

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. Power Electronics for Electric Vehicles Market only covers electric vehicles segment.

Power Electronics for Electric Vehicles Market contains market size and forecasts of Power Electronics for Electric Vehicles in global, including the following market information:

Global Power Electronics for Electric Vehicles Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Power Electronics for Electric Vehicles Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Power Electronics for Electric Vehicles companies in 2021 (%)

The global Power Electronics for Electric Vehicles market was valued at 5257.7 million in 2021 and is projected to reach US$ 7108.3 million by 2028, at a CAGR of 4.4% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Power IC Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Power Electronics for Electric Vehicles include Infineon Technologies, Mitsubishi Electric, Fuji Electric, SEMIKRON, ON Semiconductor, Renesas Electronics, Vishay Intertechnology, Texas Instruments and Toshiba, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Power Electronics for Electric Vehicles manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Power Electronics for Electric Vehicles Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Power Electronics for Electric Vehicles Market Segment Percentages, by Type, 2021 (%)

Power IC

Power Module

Power Discrete

Global Power Electronics for Electric Vehicles Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Power Electronics for Electric Vehicles Market Segment Percentages, by Application, 2021 (%)

HEV

EV

PHEV

Global Power Electronics for Electric Vehicles Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Power Electronics for Electric Vehicles Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Power Electronics for Electric Vehicles revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Power Electronics for Electric Vehicles revenues share in global market, 2021 (%)

Key companies Power Electronics for Electric Vehicles sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Power Electronics for Electric Vehicles sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Infineon Technologies

Mitsubishi Electric

Fuji Electric

SEMIKRON

ON Semiconductor

Renesas Electronics

Vishay Intertechnology

Texas Instruments

Toshiba

Stmicroelectronics

NXP Semiconductors

Microsemi Corporation