Power Electronic Industry: Emerging Growth Prospects for Electric and Hybrid Vehicles
Integration of power components for modular and flexi-electric-vehicle platforms to be key focus until 2025
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The global power electronics market is expected to multiply by 2025 with the rising demand for electric & hybrid vehicles. OEMs across the globe are looking at EV and HEVs as viable solutions in order to comply with the evolving stringent emission & fuel regulations. Power electronics play a huge important role in defining the efficiency, safety and range of vehicles. Supply chain & competitive benchmarking has become a huge integral part in creating strategies as it’s a highly competitive market with number so participants trying to occupy a significant market share. Integration of components like inverter, converter, motor & other PEs are increasingly popular as they reduce the size, weight, and cost & offer a lot of space for OEMs to work on different architectures which allow for spacious cabins or drivetrains.
Research Scope
The base year of the study is 2019, and the forecast period is 2020-2025. Geographical coverage includes Europe: Austria, Italy, Belgium, Latvia, Bulgaria, Lithuania, Croatia, Luxembourg, Cyprus, Malta, Czech Republic, Netherlands, Denmark, Poland, Estonia, Portugal, Finland, Romania, France, Slovakia, Germany, Slovenia, Greece, Spain, Hungary, Sweden, Ireland & United Kingdom; North America: The United States; South Korea, China & Japan.
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