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Power Discreter for Electric Vehicles Market Size 2021 Manufacturing Size, Share, Opportunities, Trends, Industry Expansion Strategies and Global Analysis by Forecast to 2027
The Power Discreter for Electric Vehicles Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The Global Power Discreter for Electric Vehicles Market Size is Projected to Reach at a CAGR of 36% during 2021-2027.
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Market Overview:
The rise in interest in energy efficiency power devices and environmental protection has led to the development of electric vehicle technology. The primary energy sources in these vehicles are batteries or capacitors instead of gasoline or diesel fuel in conventional ICE vehicles. Power electronics are key components in propulsion systems that effectively drive the adoption of electric motors and control the power converters. The implementation of innovative battery technology in an electric vehicle is in progress, which is expected to reduce the cost of these vehicles. Currently, the performance of lithium-ion battery cathodes is being improved, which also reduces battery cost; thereby, reducing the cost of electric vehicles as compared to gas power vehicles in the coming years.
Top Leading Companies:
Mitsubishi Electric, Fuji Electric, SEMIKRON, ON Semiconductor, Renesas Electronics, Vishay Intertechnology, Texas Instruments, Toshiba, Stmicroelectronics, NXP Semiconductors, Microsemi Corporation
Recent Development:
Mitsubishi Electric has acquired 8 companies, including 5 in the last 5 years. A total of 2 acquisitions came from private equity firms. Mitsubishi Electric has acquired in 1 US state, and 8 countries. The Company’s most targeted sectors include software (25%) and electrical equipment (25%). Mitsubishi Electric Corp. engages in the manufacture and sales of electrical and electronic products and systems used in a broad range of fields and applications. Mitsubishi Electric was founded in 1921 and is based in Tokyo, Japan.
STMicroelectronics N.V. has acquired 9 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset. STMicroelectronics N.V.’s largest acquisition to date was in 2016 when it acquired ams AG - NFC and RFID Reader Assets for $79M. STMicroelectronics N.V. has acquired in 2 different US states, and 7 countries. The Company’s most targeted sectors include semiconductors (56%) and software (23%). STMicroelectronics N.V. is a semiconductor provider delivering intelligent and energy-efficient products and solutions that power the electronics at the heart of everyday life. STMicroelectronics was founded in 1987 and is based in Geneva, Switzerland.
Power Discreter for Electric Vehicles Market Segmentation by Type:
GaN
SiC
Others
Power Discreter for Electric Vehicles Market Segmentation by Application:
HEV
EV
PHEV
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The Asia-Pacific Region is Likely to Dominate the Market
The Asia-Pacific market is expected to hold a significant share in the market during the forecast period. China, South Korea, and Japan account for the largest share of the automotive power electronics market in the Asia-Pacific region. The growth of the market in the Asia-Pacific region can be attributed to the high vehicle production and increased use of advanced electronics in Japan, South Korea, and China. The governments of these countries have recognized the growth potential of the automotive industry and have consequently taken different initiatives to encourage major OEMs to enter their domestic markets. For instance, China mandated TPMS in vehicles from 2019. The country is also considering mandating automatic emergency braking during the forecast period. The Ministry for Road Transport and Highways (India) planned to adopt automotive power electronics features by 2022.
Regional Power Discreter for Electric Vehicles Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Power Discreter for Electric Vehicles Market Report:
Detailed overview of Power Discreter for Electric Vehicles Market
Changing the Power Discreter for Electric Vehicles market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Power Discreter for Electric Vehicles market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Power Discreter for Electric Vehicles Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Power Discreter for Electric Vehicles Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Power Discreter for Electric Vehicles industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
We Offer Customization on Report Based on Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
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