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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
The primary factors propelling the power electronics for electric vehicle market growth include rising demand for energy-efficient battery-powered gadgets, tight emission requirements to reduce vehicle weight and emission, and government initiatives to balance environmental pollution and vehicle emission.
Due to high vehicle prices and the difficulties of designing and integrating modern power electronic components, power electronics for electric vehicle applications are constrained.
Furthermore, it is expected that the market for power electronics for electric cars would have lucrative growth due to advancements in automotive battery technology and increased R&D initiatives.
Additionally, high input impedance and improved parallel current sharing are made possible by power electronics, which broadens the application of power electronic components in electric cars.
The Austria EV Power electronics market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
A new automotive power control reference platform for an electric vehicle traction motor inverter has been introduced by NXP Semiconductors N.V., the leading provider of automotive semiconductors and electronics in the world.
In order to help automakers deliver the next generation of hybrid and electric vehicles with greater speed and lower development risk, NXP has developed a new power inverter reference design platform that combines its extensive portfolio of top-notch automotive microcontrollers (MCUs), reliable power management system basis chips (SBCs), and new isolated high-voltage IGBT gate drivers with application-specific system enablement software.
To power the traction motors of electric and hybrid cars at the desired speed and acceleration, traction motor inverters convert DC battery electricity to multi-phase alternating current. To track the motor's condition, detect the driving currents, and accurately calculate and apply the correct torque energy, complex system control is needed.
An inverter prototype and reference platform for high-voltage power control that is ASIL-D capable have been developed by NXP in collaboration with VEPCO Technologies, Inc. The platform drives 100 kW 3-phase motors for the prototype using a Fuji Electric 800V silicon IGBT power module with integrated current and temperature sensors.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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