Press release
Advancements in Power Electronics Technology are Projected to Drive Growth in Electric Vehicle Power Inverter Market
Electric Vehicle Power Inverter Market
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Moreover, developments in power electronics owing to the integration of advanced digital control techniques, such as Pulse Width Modulation (PWM), Model Predictive Control (MPC), and Field-Oriented Control (FOC), have also contributed to further accuracy and adaptability of investors through real-time optimization of power flow. Cumulatively, all these developments are proof of the fact that the EV power market is witnessing significant development across domains, which is projected to act as a significant driver for the EV power inverter market to grow and expand in the future.
The production of modern power electronics systems, particularly for EV and renewable energy applications, is rapidly expanding as manufacturers expand their production facilities. For instance, In January 2024, Vitesco Technologies announced a new production in Ostrava-Hrusov, Czech Republic. Vitesco plans to manufacture their advanced power electronics system here, which combines an inverter, onboard charger, rapid charging module, and energy distribution unit all in one module for European carmakers.
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Recent Development
In April 2021, STMicroelectronics announced its fourth generation of STPOWER silicon carbide MOSFET technology that leads to new standards of power efficiency, density, and robustness. The next-generation technology addresses both automotive and industrial sectors requirements but places specific emphasis on optimizing the traction inverters, critical elements in the power train of an electric vehicle.
Market Coverage
The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
o By Type
o By Propulsion Type
o By Vehicle Type
o By Distribution Channel
Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- DENSO Corp., Hitachi, Ltd., Mitsubishi Electric Corp., Toyota Industries Corp., and Valeo Group.
Key questions addressed by the report.
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?
Global Electric Vehicle Power Inverter Market Report Segment
By Type
Traction Inverter
Soft Switching Inverter
By Propulsion Type
Hybrid Electric Vehicles
Plug-in Hybrid Electric Vehicle
Battery Electric Vehicle
Fuel Cell Electric Vehicle
By Vehicle Type
Passenger Vehicles
Commercial Vehicles
By Distribution Channel
OEM
Aftermarket
Reasons to Buying From us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/electric-vehicle-power-inverter-market
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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