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Electric Vehicle Power Electronics-Global Market Insights and Sales Trends 2024
Synopsis
The global Electric Vehicle Power Electronics market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Electric Vehicle Power Electronics in various end use industries. The expanding demands from the Electric Vehicle, Plug-in Hybrid Vehicle and Others,, are propelling Electric Vehicle Power Electronics market. Inverters, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Converters segment is estimated at % CAGR for the next seven-year period.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electric Vehicle Power Electronics, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electric Vehicle Power Electronics market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electric Vehicle Power Electronics market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Vehicle Power Electronics sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electric Vehicle Power Electronics covered in this report include Infineon Technologies, Mitsubishi Electric, Fuji Electric, SEMIKRON, ON Semiconductor, Renesas Electronics, Vishay Intertechnology, Texas Instruments and Toshiba, etc.
The global Electric Vehicle Power Electronics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Infineon Technologies
Mitsubishi Electric
Fuji Electric
SEMIKRON
ON Semiconductor
Renesas Electronics
Vishay Intertechnology
Texas Instruments
Toshiba
Stmicroelectronics
NXP Semiconductors
Microchip Technology
Global Electric Vehicle Power Electronics market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electric Vehicle Power Electronics market, Segment by Type:
Inverters
Converters
Charger
Global Electric Vehicle Power Electronics market, by Application
Electric Vehicle
Plug-in Hybrid Vehicle
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electric Vehicle Power Electronics manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Vehicle Power Electronics in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global Electric Vehicle Power Electronics market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Electric Vehicle Power Electronics in various end use industries. The expanding demands from the Electric Vehicle, Plug-in Hybrid Vehicle and Others,, are propelling Electric Vehicle Power Electronics market. Inverters, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Converters segment is estimated at % CAGR for the next seven-year period.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electric Vehicle Power Electronics, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electric Vehicle Power Electronics market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electric Vehicle Power Electronics market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Vehicle Power Electronics sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electric Vehicle Power Electronics covered in this report include Infineon Technologies, Mitsubishi Electric, Fuji Electric, SEMIKRON, ON Semiconductor, Renesas Electronics, Vishay Intertechnology, Texas Instruments and Toshiba, etc.
The global Electric Vehicle Power Electronics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Infineon Technologies
Mitsubishi Electric
Fuji Electric
SEMIKRON
ON Semiconductor
Renesas Electronics
Vishay Intertechnology
Texas Instruments
Toshiba
Stmicroelectronics
NXP Semiconductors
Microchip Technology
Global Electric Vehicle Power Electronics market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electric Vehicle Power Electronics market, Segment by Type:
Inverters
Converters
Charger
Global Electric Vehicle Power Electronics market, by Application
Electric Vehicle
Plug-in Hybrid Vehicle
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electric Vehicle Power Electronics manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Vehicle Power Electronics in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Electric Vehicle Power Electronics Market Overview
1.1 Electric Vehicle Power Electronics Product Overview
1.2 Electric Vehicle Power Electronics Market Segment by Type
1.2.1 Inverters
1.2.2 Converters
1.2.3 Charger
1.3 Global Electric Vehicle Power Electronics Market Size by Type
1.3.1 Global Electric Vehicle Power Electronics Market Size Overview by Type (2018-2029)
1.3.2 Global Electric Vehicle Power Electronics Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electric Vehicle Power Electronics Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electric Vehicle Power Electronics Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electric Vehicle Power Electronics Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electric Vehicle Power Electronics Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electric Vehicle Power Electronics Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electric Vehicle Power Electronics Sales Breakdown by Type (2018-2023)
2 Global Electric Vehicle Power Electronics Market Competition by Company
2.1 Global Top Players by Electric Vehicle Power Electronics Sales (2018-2023)
2.2 Global Top Players by Electric Vehicle Power Electronics Revenue (2018-2023)
2.3 Global Top Players by Electric Vehicle Power Electronics Price (2018-2023)
2.4 Global Top Manufacturers Electric Vehicle Power Electronics Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electric Vehicle Power Electronics Market Competitive Situation and Trends
2.5.1 Electric Vehicle Power Electronics Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electric Vehicle Power Electronics Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Electric Vehicle Power Electronics as of 2022)
2.7 Date of Key Manufacturers Enter into Electric Vehicle Power Electronics Market
2.8 Key Manufacturers Electric Vehicle Power Electronics Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electric Vehicle Power Electronics Status and Outlook by Region
3.1 Global Electric Vehicle Power Electronics Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electric Vehicle Power Electronics Historic Market Size by Region
3.2.1 Global Electric Vehicle Power Electronics Sales in Volume by Region (2018-2023)
3.2.2 Global Electric Vehicle Power Electronics Sales in Value by Region (2018-2023)
3.2.3 Global Electric Vehicle Power Electronics Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electric Vehicle Power Electronics Forecasted Market Size by Region
3.3.1 Global Electric Vehicle Power Electronics Sales in Volume by Region (2024-2029)
3.3.2 Global Electric Vehicle Power Electronics Sales in Value by Region (2024-2029)
3.3.3 Global Electric Vehicle Power Electronics Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electric Vehicle Power Electronics by Application
4.1 Electric Vehicle Power Electronics Market Segment by Application
4.1.1 Electric Vehicle
4.1.2 Plug-in Hybrid Vehicle
4.1.3 Others
4.2 Global Electric Vehicle Power Electronics Market Size by Application
4.2.1 Global Electric Vehicle Power Electronics Market Size Overview by Application (2018-2029)
4.2.2 Global Electric Vehicle Power Electronics Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electric Vehicle Power Electronics Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electric Vehicle Power Electronics Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electric Vehicle Power Electronics Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electric Vehicle Power Electronics Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electric Vehicle Power Electronics Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electric Vehicle Power Electronics Sales Breakdown by Application (2018-2023)
5 North America Electric Vehicle Power Electronics by Country
5.1 North America Electric Vehicle Power Electronics Historic Market Size by Country
5.1.1 North America Electric Vehicle Power Electronics Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electric Vehicle Power Electronics Sales in Volume by Country (2018-2023)
5.1.3 North America Electric Vehicle Power Electronics Sales in Value by Country (2018-2023)
5.2 North America Electric Vehicle Power Electronics Forecasted Market Size by Country
5.2.1 North America Electric Vehicle Power Electronics Sales in Volume by Country (2024-2029)
5.2.2 North America Electric Vehicle Power Electronics Sales in Value by Country (2024-2029)
6 Europe Electric Vehicle Power Electronics by Country
6.1 Europe Electric Vehicle Power Electronics Historic Market Size by Country
6.1.1 Europe Electric Vehicle Power Electronics Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electric Vehicle Power Electronics Sales in Volume by Country (2018-2023)
6.1.3 Europe Electric Vehicle Power Electronics Sales in Value by Country (2018-2023)
6.2 Europe Electric Vehicle Power Electronics Forecasted Market Size by Country
6.2.1 Europe Electric Vehicle Power Electronics Sales in Volume by Country (2024-2029)
6.2.2 Europe Electric Vehicle Power Electronics Sales in Value by Country (2024-2029)
7 Asia-Pacific Electric Vehicle Power Electronics by Region
7.1 Asia-Pacific Electric Vehicle Power Electronics Historic Market Size by Region
7.1.1 Asia-Pacific Electric Vehicle Power Electronics Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electric Vehicle Power Electronics Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electric Vehicle Power Electronics Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electric Vehicle Power Electronics Forecasted Market Size by Region
7.2.1 Asia-Pacific Electric Vehicle Power Electronics Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electric Vehicle Power Electronics Sales in Value by Region (2024-2029)
8 Latin America Electric Vehicle Power Electronics by Country
8.1 Latin America Electric Vehicle Power Electronics Historic Market Size by Country
8.1.1 Latin America Electric Vehicle Power Electronics Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electric Vehicle Power Electronics Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electric Vehicle Power Electronics Sales in Value by Country (2018-2023)
8.2 Latin America Electric Vehicle Power Electronics Forecasted Market Size by Country
8.2.1 Latin America Electric Vehicle Power Electronics Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electric Vehicle Power Electronics Sales in Value by Country (2024-2029)
9 Middle East and Africa Electric Vehicle Power Electronics by Country
9.1 Middle East and Africa Electric Vehicle Power Electronics Historic Market Size by Country
9.1.1 Middle East and Africa Electric Vehicle Power Electronics Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electric Vehicle Power Electronics Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electric Vehicle Power Electronics Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electric Vehicle Power Electronics Forecasted Market Size by Country
9.2.1 Middle East and Africa Electric Vehicle Power Electronics Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electric Vehicle Power Electronics Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Infineon Technologies
10.1.1 Infineon Technologies Company Information
10.1.2 Infineon Technologies Introduction and Business Overview
10.1.3 Infineon Technologies Electric Vehicle Power Electronics Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Infineon Technologies Electric Vehicle Power Electronics Products Offered
10.1.5 Infineon Technologies Recent Development
10.2 Mitsubishi Electric
10.2.1 Mitsubishi Electric Company Information
10.2.2 Mitsubishi Electric Introduction and Business Overview
10.2.3 Mitsubishi Electric Electric Vehicle Power Electronics Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Mitsubishi Electric Electric Vehicle Power Electronics Products Offered
10.2.5 Mitsubishi Electric Recent Development
10.3 Fuji Electric
10.3.1 Fuji Electric Company Information
10.3.2 Fuji Electric Introduction and Business Overview
10.3.3 Fuji Electric Electric Vehicle Power Electronics Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Fuji Electric Electric Vehicle Power Electronics Products Offered
10.3.5 Fuji Electric Recent Development
10.4 SEMIKRON
10.4.1 SEMIKRON Company Information
10.4.2 SEMIKRON Introduction and Business Overview
10.4.3 SEMIKRON Electric Vehicle Power Electronics Sales, Revenue and Gross Margin (2018-2023)
10.4.4 SEMIKRON Electric Vehicle Power Electronics Products Offered
10.4.5 SEMIKRON Recent Development
10.5 ON Semiconductor
10.5.1 ON Semiconductor Company Information
10.5.2 ON Semiconductor Introduction and Business Overview
10.5.3 ON Semiconductor Electric Vehicle Power Electronics Sales, Revenue and Gross Margin (2018-2023)
10.5.4 ON Semiconductor Electric Vehicle Power Electronics Products Offered
10.5.5 ON Semiconductor Recent Development
10.6 Renesas Electronics
10.6.1 Renesas Electronics Company Information
10.6.2 Renesas Electronics Introduction and Business Overview
10.6.3 Renesas Electronics Electric Vehicle Power Electronics Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Renesas Electronics Electric Vehicle Power Electronics Products Offered
10.6.5 Renesas Electronics Recent Development
10.7 Vishay Intertechnology
10.7.1 Vishay Intertechnology Company Information
10.7.2 Vishay Intertechnology Introduction and Business Overview
10.7.3 Vishay Intertechnology Electric Vehicle Power Electronics Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Vishay Intertechnology Electric Vehicle Power Electronics Products Offered
10.7.5 Vishay Intertechnology Recent Development
10.8 Texas Instruments
10.8.1 Texas Instruments Company Information
10.8.2 Texas Instruments Introduction and Business Overview
10.8.3 Texas Instruments Electric Vehicle Power Electronics Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Texas Instruments Electric Vehicle Power Electronics Products Offered
10.8.5 Texas Instruments Recent Development
10.9 Toshiba
10.9.1 Toshiba Company Information
10.9.2 Toshiba Introduction and Business Overview
10.9.3 Toshiba Electric Vehicle Power Electronics Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Toshiba Electric Vehicle Power Electronics Products Offered
10.9.5 Toshiba Recent Development
10.10 Stmicroelectronics
10.10.1 Stmicroelectronics Company Information
10.10.2 Stmicroelectronics Introduction and Business Overview
10.10.3 Stmicroelectronics Electric Vehicle Power Electronics Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Stmicroelectronics Electric Vehicle Power Electronics Products Offered
10.10.5 Stmicroelectronics Recent Development
10.11 NXP Semiconductors
10.11.1 NXP Semiconductors Company Information
10.11.2 NXP Semiconductors Introduction and Business Overview
10.11.3 NXP Semiconductors Electric Vehicle Power Electronics Sales, Revenue and Gross Margin (2018-2023)
10.11.4 NXP Semiconductors Electric Vehicle Power Electronics Products Offered
10.11.5 NXP Semiconductors Recent Development
10.12 Microchip Technology
10.12.1 Microchip Technology Company Information
10.12.2 Microchip Technology Introduction and Business Overview
10.12.3 Microchip Technology Electric Vehicle Power Electronics Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Microchip Technology Electric Vehicle Power Electronics Products Offered
10.12.5 Microchip Technology Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electric Vehicle Power Electronics Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Electric Vehicle Power Electronics Industrial Chain Analysis
11.4 Electric Vehicle Power Electronics Market Dynamics
11.4.1 Electric Vehicle Power Electronics Industry Trends
11.4.2 Electric Vehicle Power Electronics Market Drivers
11.4.3 Electric Vehicle Power Electronics Market Challenges
11.4.4 Electric Vehicle Power Electronics Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electric Vehicle Power Electronics Distributors
12.3 Electric Vehicle Power Electronics Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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