openPR Logo
Press release

Electric Vehicle Power Electronics Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

05-21-2024 12:01 PM CET | Energy & Environment

Press release from: The Business research company

Electric Vehicle Power Electronics Market

Electric Vehicle Power Electronics Market

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Electric Vehicle Power Electronics Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $38.69 Bn In 2028 At A CAGR Of 33.5% :

The electric vehicle power electronics market size has grown exponentially in recent years. It will grow from $8.9 billion in 2023 to $12.2 billion in 2024 at a compound annual growth rate (CAGR) of 37.1%. The growth in the historic period can be attributed to increasing government regulations and incentives, energy efficiency standards, environmental concerns, consumer demand and fuel prices, cost reduction and affordability, collaboration and investment.

The electric vehicle power electronics market size is expected to see exponential growth in the next few years. It will grow to $38.69 billion in 2028 at a compound annual growth rate (CAGR) of 33.5%. The growth in the forecast period can be attributed to increasing population, increasing infotainment, increasing electric vehicles, rising need for low-cost and environment-friendly transportation options. Major trends in the forecast period include advancements in battery technology, technological innovations, product innovations.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=14349&type=smp

Electric Vehicle Power Electronics Market Major Segments
The electric vehicle power electronics market covered in this report is segmented -

1) By Component: Microcontroller, Sensor
2) By Device Type: Power Integrated Circuit (IC), Direct Component, Module
3) By Material: Silicon, Silicon Carbide, Gallium Nitride, Gallium Arsenide, Germanium, Other Materials
4) By Electric Vehicle: Battey Electric Vehicle, Plug In Hybrid Electric Vehicle, Hybrid Electric Vehicle, Fuel Cell Electric Vehicle
5) By Application: Advanced Driver Assistance Systems (ADAS) And Safety, Body Control And Comfort, Infotainment, Telematics, Engine Management And Powertrain, Battey Management

Key Driver - Government Initiatives Driving Growth In The Electric Vehicle Power Electronics Market

The government's initiative to balance environmental pollution is expected to propel the growth of the electric vehicle power electronic market going forward. The government initiative for balancing pollution refers to forces that protect environment and the conservation of natural resources with other policy goals, such as affordable energy and economic growth. Government initiatives helps in mitigating environmental pollution by promoting research and regulations aimed at enhancing the efficiency and sustainability of power electronic systems in electric vehicles. For instance, in 2022, according to the U.S. Department of Transportation, a US-based government agency, the department aims to ensure that half of all new automobiles sold in the US are zero-emission vehicles by 2030. The government also intends to create a network of 500,000 chargers that are convenient and accessible for Americans to use during both local and long-distance trips. Therefore, the government initiative to balance environmental pollution is driving the growth of the electric vehicle power electronic market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=14349&type=smp

Prominent Trend - Innovative Power Semiconductor Modules Driving Advancements In The Electric Vehicle Power Electronic Market

Major companies operating in the electric vehicle power electronic market are focused on developing new technological modules, such as power semiconductor modules, to increase their profitability in the market. A power semiconductor module is an integrated electronic device that combines multiple power semiconductor components into a single package. For instance, in May 2022, Hitachi Energy Ltd., a Japan-based technology company, launched Roadpak, a power semiconductor module that uses state-of-the-art silicon carbide (SiC) technology to deliver exceptional levels of power density, low power losses, and high efficiency for electric vehicles. This technology plays a critical role in enhancing electric vehicle performance by enabling faster charging, extending driving range, and ensuring seamless operation throughout the vehicle's lifetime.

Electric Vehicle Power Electronics Market Players
Major companies operating in the electric vehicle power electronics market are Robert Bosch GmbH, Tesla Inc., Siemens AG, Hitachi Automotive Systems Ltd., Denso Corporation, Continental AG, Hyundai Kefico Corporation, Mitsubishi Electric Corporation, Asea Brown Boveri Groups, Toshiba Corporation, Toyota Industries Corporation, Valeo Corporation, Texas Instruments, Infineon Technologies AG, NXP Semi Conductors, Renesas Electronics, OnSemi, Microchip Technology, Vishay Intertechnology, Danfoss Corporation, Fuji Electronic Co. Ltd., Delphi Technologies, Hangzhou Tiecheng Information Technology , Electrodrive Powertrain Solution Pvt. Ltd

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/electric-vehicle-power-electronics-global-market-report

Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the electric vehicle power electronics market in 2023. The regions covered in the electric vehicle power electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Electric Vehicle Power Electronics Market Report Structure
3. Electric Vehicle Power Electronics Market Trends And Strategies
4. Electric Vehicle Power Electronics Market - Macro Economic Scenario
5. Electric Vehicle Power Electronics Market Size And Growth
…..
27. Electric Vehicle Power Electronics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Electric Vehicle Power Electronics Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033 here

News-ID: 3505882 • Views:

More Releases from The Business research company

Rising Demand for Processed Food Drives Growth in Flexible Paper Packaging Market to Reach $1.73 Billion by 2028 with 7.5% CAGR
Rising Demand for Processed Food Drives Growth in Flexible Paper Packaging Marke …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033. Flexible Heater Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance. The Market Size Is Expected To Reach $15.92 billion In 2028 At
Rising Dairy Product Demand Drives Growth in Feeding Systems Market, Set to Reach $2.58 Billion by 2028 with 7.2% CAGR
Rising Dairy Product Demand Drives Growth in Feeding Systems Market, Set to Reac …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033. Feeding Systems Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance. The Market Size Is Expected To Reach $4.25 billion In 2028 At
Smart Meter Deployment Fuels Rapid Growth in Energy and Utilities Analytics Market, Set to Reach $6.12 Billion by 2028 with 16.1% CAGR
Smart Meter Deployment Fuels Rapid Growth in Energy and Utilities Analytics Mark …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033. Energy and Utilities Analytics Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance. The Market Size Is Expected To Reach $14.67 billion In
Egg Replacers Market Soars with Surge in Vegan Diets, Expected to Reach $1.95 Billion by 2028
Egg Replacers Market Soars with Surge in Vegan Diets, Expected to Reach $1.95 Bi …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033. Egg Replacers Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance. The Market Size Is Expected To Reach $28.07 billion In 2028 At

All 5 Releases


More Releases for Electric

Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region. Click
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021 The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market
Wireless Sensors Market Regional Outlook, Top Manufactures General Electric, Yok …
The Global Wireless Sensors Market is measurement tools equipped with transmitters that convert signals from instruments into radio transmission signals. Increasing interest of manufacturers in research and development of more efficient Wireless sensors are expected to drive the wireless sensors market. However, this market is highly competitive and price sensitive are hampering the growth of the market. For More Info, Get Sample Report Here @ https://www.orianresearch.com/request-sample/1371276 What you can expect from
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports. This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research. This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in