Global Electric Vehicle Inverter Market 2024-2030

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    2024 Update Coming Soon Published- Jan 2022 Number Of Pages -186

    ELECTRIC VEHICLE INVERTER MARKET

     

    KEY FINDINGS

    1. Globally, as of Feb 2022, there are ~422 Electric cars (HEVs+ BEVs+ PHEVs) on sale generating ~10 Million-unit sales in 2021
    2. Overall plugged in vehicles sales saw 108% increase compared to the previous year, with 8.3% of global sales being plugged in vehicles
    3. Most global automakers have different vehicle electrification strategies, so the inverter must be able to support BEV, HEV, PHEV and FCEV. For example, the Japanese OEMs are betting strongly on HEVs and PHEVs whereas European OEMs have aggressively planned multiple BEVs in the coming years. Chinese OEMs are coming up with vehicles with larger battery vehicles and as well as focusing on A00 and A0 segment
    4. COVID-19 is expected to have a positive impact on electric vehicle inverter market as many EU countries are now offering higher than earlier subsidies to Plug in vehicles
    5. Growth in sales of BEVs and high cost of batteries (~$156/kWh in 2021) has necessitated the improvement of inverters and other power electronics along with improving the performance of vehicles
    6. Regardless of the degree of vehicle electrification, electric vehicles need efficient and compact power electronics, which can be customized across various applications.
    7. In terms of technical improvement in inverters, almost all suppliers including Hitachi, Delphi, ZF are relying on Silicon carbide technology for creating power-dense inverters with much higher efficiency and improved thermal management
    8. There is a demand from OEMs for increasing the space efficiency of the EVs and combining multiple power electronics products is also the way to go for multiple suppliers
    9. 800 V architecture is increasing in popularity and there is a demand for 350 kW charging which will increase the technological capabilities of the inverter
    10. Inverter suppliers are creating products that match global automakers vehicle electrification strategies which vary across the board widely. For example, the Japanese OEMs are betting strongly on HEVs and PHEVs whereas European OEMs have aggressively planned multiple BEVs in the coming years. Chinese OEMs are coming up with vehicles with larger battery vehicles and as well as focusing on A00 and A0 segment
    11. Growth in sales of BEVs and high cost of batteries has necessitated the improvement of inverters and other power electronics along with improving the performance of vehicles which will drive the electric vehicle inverter market forward over the coming years
    12. Vehicle electrification is happening across different vehicle segments which include pickup trucks, trucks, buses, SUVs etc. and the output requirement varies which will create multiple new products in the market by various suppliers
    13. In terms of technical improvement in inverters, almost all suppliers including Hitachi, Delphi, ZF are relying on Silicon carbide technology for creating power-dense inverters with much higher efficiency and improved thermal management
    14. Integration of the inverter with other power electronics component is another key focus area of the suppliers to ensure that they have better deals from OEMs and OEMs will have an easier job in developing new electric vehicles 
    15. The supply chain for EV inverters is complex and involves a number of different suppliers. This can make it difficult to ensure a steady supply of EV inverters, especially during periods of high demand. This will be a constraint in growth of the overall electric vehicle inverter market 
    16. There will also be a focus on 800V based architecture as multiple vehicles are launched based on that architecture and both manufacturers and OEMs will aim to increase the vehicle sales based on that architecture

    INTRODUCTION

     

    An electric car motor requires AC power, which is produced by an inverter, which transforms DC electricity. The frequency of the alternating current can be changed by the inverter to alter the motor’s rotational speed. Coal-fired energy can be converted into electricity by an EV motor with efficiency.

     

    To enable the electric motor to turn the wheels, the inverter transforms the direct current (DC) from the battery into the alternating current (AC) needed. In an all-electric car or a hybrid plug-in vehicle, the charger accomplishes the same duty by converting AC voltage into DC voltage in order to charge the battery.

     

    In order to match line power, output is typically 120 or 240 volts at 60-cycle alternating current. Inverters are frequently a viable option for applications that call for the main engine to run at a job site, such as powering hydraulic systems or air compressors, because they can handle greater and longer-lasting loads.

     

    Simply said, an inverter transforms DC (battery) power into AC power, which is subsequently sent to connected equipment. When AC utility power is available, an inverter/charger performs the same function, with the exception that it is coupled to an AC power source to continually charge the attached batteries.

     

    The first harmonic of the inverter switching frequency for electric vehicles, which is 10 kHz, can be heard at 20 kHz. Current ripple refers to high frequency current variations on the electrical side. 

     

    As fossil fuel powered engines get closer to prohibition, many OEMs are looking up to vehicle electrification as a saviour.

     

    Battery powered electric vehicles will not become mainstream unless battery costs come down to <$100/kWh and fast charging infrastructure becomes a commonplace. Now, that leaves manufacturers with a bridge gap or a “hybrid” solution.

     

    A 48V Mild-hybrid/Plug-in hybrid architecture can result in 10%-16% increase in fuel economy at an added cost of 6%-12% of vehicle. In any case, hybridization warrants a DC-DC converter as well as an inverter in a vehicle.

     

    ELECTRIC VEHICLE INVERTER MARKET SEGMENTATION

     

    Infographic: electric vehicle power inverter market, electric vehicle power inverter market, Electric vehicle inverter market size, Electric vehicle inverter market share, Electric vehicle inverter manufacturerst

     

    Electric Vehicle Inverter Market By OEM

    •   BYD
    • VW Group
    •   SAIC
    •   TESLA
    •   Renault-Nissan

     

    Electric Vehicle Inverter Market By Inverter Power

    •   < 50 KW
    •   50-100 KW
    •   100-200 KW
    •   >200 KW

     

    Electric Vehicle Inverter Market By Vehicle Type

    •   Passenger Vehicles
    •  Commercial Vehicles

     

    Electric Vehicle Inverter Market By EV Type

    •   BEV
    •   PHEV
    •   HEV
    •   FCEV

     

    ELECTRIC VEHICLE INVERTER MARKET DYNAMICS

     

    More than 3.2M plug-in vehicles were sold in China in 2021, an increase of 155% compared to 2020, with Wuling Mini Ev and Tesla Model 3 leading the pack.

     

    The ability of A00 and A0 segment vehicles to be sold with minimal subsidy help will affect the overall electric vehicle inverter market positively as the market shifts away from subsidies to direct supply-demand pricing.

     

    The range of a battery-electric vehicle is related to the efficiency of the main inverter. The dynamics of the electric vehicle inverter market is shifting away from subsidies as they’ll be phased out by the end of 2022, except for certain technologies and related infrastructure such as battery swapping. 

     

    70% of the plugged in sales in China were BEVs in 2021. The focus in this region will remain to be BEVs with multiple high-performance BEVs gathering attention and market share such as Nio and Xpeng

     

     

    Infographic: electric vehicle power inverter market, electric vehicle power inverter market, Electric vehicle inverter market in Europe, Electric vehicle inverter market in North America, Electric vehicle inverter market in China

     

    The range of a battery electric vehicle is related to the efficiency of the main inverter. China is the biggest BEV market globally, but after steep cuts in subsidy in March 2019- Now only BEVs with a min 250 KM range are eligible and the subsidy on BEVs with 400KM range has been halved to $3.8k(25,000 CNY) from $7.5k( 50,000 CNY).

     

    This move proved to be a deadly blow to the booming EV market and as a result, the full year 2019 EV sales in Chinese market de-grew by 9.6% at 1.2 Million units.  

     

    Subsidies which were supposed to phase out were kept on to challenge the drop in the market due to Covid for 2 more years with a 10% decrease yearly. This encouraged the overall market by 33% with 1.6 Million vehicles being sold in China in 2020 (1.3 Million BEV and 300K PHEV).

     

    Tesla Model 3 was the most sold EV. Nio ES6 was a luxury segment EV in the top 10 sold EVs in China. There were A00 segment vehicles with small battery packs in the top 10 such as SGMW Mini and Chery Eq. The sales of the A00 and A0 segment were predominantly from Tier 3 cities and beyond.

     

    More than 660k plug- in vehicles were sold in China in the first 4 months of 2021 with Wuling Mini Ev and Tesla Model 3 leading the pack.

     

    Infographic: electric vehicle power inverter market, electric vehicle power inverter market, Electric vehicle inverter market in Europe, Electric vehicle inverter market in North America, Electric vehicle inverter market in China

    Europe was the fastest growing EV market in 2019, with total sales over 0.5 Million units, a 25% YOY growth. Hybrid electric vehicles( with a traction motor) sales have grown by 29% CAGR during 2014-2019, fastest among all  electric/electrified vehicle categories.

     

    HEVs now account for 0.6-0.7M annual sales taking the share of electric and electrified vehicles in Europe to 6.7%.

     

    In 2020, Europe saw a 100+% increase with more than 1 million plugged in vehicles sold. Subsidies across Europe boosted the plugged in vehicle sales. 53% of the overall sales were BEVs and the rest PHEVs.

     

    Europe also has a strong hybrid market mainly due to EuroNCAP regulations thereby causing OEMs to decrease emissions. Europe also saw more than a 100% increase in HEV sales thereby driving the market to ~2.8 M electrified vehicle sales.

     

    From Jan – Apr 2021, Europe saw 620k sales of plugged in vehicles with multiple players including Tesla Model 3 , VW ID3, Renault Zoe etc. HEV sales in Europe were dominated by Toyota, with Toyota alone selling more than 200k HEV units in Europe in the first 4 months of 2021.

     

    The market in the USA was led by Tesla in 2020 with 60% of the plugged in market share. In Q1- 2021, crossovers led the EV market with Tesla Model 3 being the only exception. Positive response for Tesla Model Y, Ford Mustang Mach E etc. led to increased sales and SUVs/Crossovers will play a key role.

     

    Europe also saw a major increase in plugged in vehicle sales with a 66% increase to 2.3 Million units. The BEV-PHEV split was almost equal with BEVs edging by a small margin. 

     

    HEVs now account for 1.8 M annual sales taking the share of electric and electrified vehicles in Europe to more than 15% overall. In 2021, Europe had multiple players including Tesla Model 3 , VW ID3, Renault Zoe etc.who were creating ripples across the market. HEV sales in Europe were dominated by Toyota in 2021.

      

    RECENT DEVELOPMENT AND INNOVATION IN ELECTRIC VEHICLE INVERTER MARKET

    Chery Automobile Co. Ltd. in China will use eLeapPower’s new integrated inverter system to help power its best-selling line of fully electric commercial vans. Chery Automobile Co. Ltd. is a Canadian technology company that supports the global growth of electric vehicles with innovative e-drive and charging solutions.

     

    The Integrated Inverter System from eLeapPower solves major obstacles to the widespread adoption of electric vehicles, such as inadequate range, high cost, and a lack of reliable charging infrastructure.

     

    With the help of eLeapPower’s technology, the range of Chery’s electric commercial vans will be increased while battery charging time and vehicle weight are decreased.

     

    An 800V system with commercially available 400V components makes up the unique architecture. The Integrated Inverter also makes it possible for EVs to be charged directly from DC microgrids and renewable energy sources, paving the way for fully green vehicles.

     

    Together with completely integrated, bidirectional charging for both AC and DC, it also provides built-in redundancy features. In order to incorporate its technology into electric transit buses, eLeapPower is also working with an Indian company called Pinnacle Mobility Solutions. The E9, India’s first locally produced electric bus, is made by EKA, an electric bus manufacturer owned by Pinnacle.

     

    A new drive unit for light commercial vehicles from Bosch is now in volume production. It consists of an electric motor and an integrated inverter. The high-voltage battery is connected to the inverter, which also controls the electric motor. The unit has a 129 kW maximum power and a 100 kW continuous power.

      

    The next-generation inverter was unveiled by electrification expert Equipmake, who claims it will significantly improve the performance of all-electric vehicles. Utilizing silicon carbide’s high power density, Equipmake’s HPI-800 inverter achieves efficiency gains that not only have the potential to reduce an EV’s battery size by about 10%, but also provide additional packaging benefits due to its small size and light weight.

     

    The revolutionary technology was created at Equipmake’s headquarters in Norfolk, where the company produces everything from industry-leading electric motors to power electronic systems, all the way up to complete EV drivetrains. Equipmake offers EV technology to automotive OEMs and specialised supercar makers.

     

    The next-generation inverter from GKN Automotive is now available and is compatible with 800V electric vehicle technology. According to the manufacturer, the new 800 Volt inverter offers a 20% boost in power output over the outgoing model.

     

    One of three modular components that make up GKN Automotive’s eDrive platform is the next-generation inverter. The automotive supplier claims that in addition to a 20% increase in output, there is a 50% increase in power density, a 60% increase in power-to-weight ratio, and a 63% decrease in copper content.

     

    For the next generation of electric vehicle (EV) inverters, Renesas Electronics Corp. has created a new generation of Si-IGBTs (Silicon Insulated Gate Bipolar Transistors). When compared to the company’s current-generation AE4 products, the silicon-based AE5 process for IGBTs achieves a 10% reduction in power losses.

     

    Renesas anticipates that the power savings from the new IGBTs will assist EV manufacturers in conserving battery power and extending driving range. According to the company, the new products are about 10% smaller than their forerunners.

     

    By reducing parameter variations between IGBTs and supplying stability when operating IGBTs in parallel, the new IGBTs, according to Renesas, significantly improve performance and safety as modules. Engineers now have more design freedom to create compact inverters with high performance.

     

    ELECTRIC VEHICLE INVERTER MARKET OVERVIEW

     The electric vehicle inverter market is booming, driven by the increasing adoption of electric vehicles (EVs) worldwide. Inverters are a critical component of EVs, converting the direct current (DC) electricity from the battery pack into alternating current (AC) electricity to power the electric motor.

     

    As EVs become more sophisticated and powerful, the demand for high-performance inverters is increasing. Inverters are also becoming more complex, as they need to integrate with other powertrain components, such as the motor and transmission. As EVs with longer ranges and faster charging capabilities become more popular, the need for inverters that can handle more power is growing.

     

    As the EV market continues to grow, the demand for inverters is expected to grow as well. Inverter manufacturers are investing heavily in research and development to develop new and improved inverters that meet the demands of the next generation of EVs. Tesla, BYD, and Hyundai are the major OEMs that have insourced EV Inverters.

     

    ELECTRIC VEHICLE INVERTER MARKET SIZE AND FORECAST

     

    By 2027, xEVs will account for 17-20% of total vehicular production, as compared to ~9% in 2021. 48V Mild hybrids will account for a major chunk of those vehicles.

     

    BEVs are increasing popularity globally along with bigger batteries per vehicle, they accounted for 71% of overall EV sales and the average battery pack size went up to 68kWh in 2021 from 63kWh in 2020.

     

    Since, the range of an BEV is closely related to the efficiency of the main inverter. This fundamentally implies that more powerful and efficient inverters will be required in coming years.

     

    PHEV sales (with comparatively lower voltage battery packs) in Europe and China have increased to 12 kWh. Europe had a large percentage of plugged in vehicles sales as PHEV compared to other regions and the trend will change as demand for BEVs increase as well as setting up of Tesla and other OEM factories for BEVs mainly along with tie ups with battery suppliers

     

    In terms of volume, the Electric vehicle inverter market size was estimated at 11.9 million units in 2021, growing at 20% CAGR to 2027.

     

    Japan is the single largest market for HEVs with over 1.3 Million units sold per annum. Toyota is the market leader in its domestic electric vehicle inverter market as well as European market. China had ~300k sales in HEVs mainly from Japanese OEMs. Hybrids are increasing sales globally as they are looked into to decrease emissions.

     

    BYD with global EV market share of 9% in 2021 has already showcased its heavily invested in third-generation semiconductor material SiC based IGBT4.0 technology. It is 15% more efficient and losses are reduced by 20% as compared to many other OEMs.

     

    Tesla who had 14% share of the plugged in vehicle sales have in house inverters and other power electronics thereby enabling them to fine tune their vehicles as per their requirements as well as decrease costs

     

    8 of the top 20 selling brands were mainly based out of China with the rest 12 having a strong presence in Europe and China

     

    In the US, Karma Automotive entered the final stage of development for two new Silicon Carbide (SiC) Inverters.The SiC traction inverters will be used in Karma vehicles and other partner OEMs. The flexible architecture of 400V design can also be customized to fit various vehicle platforms and upscaled to 800V.

     

    Fisker signed an agreement with Magna which will ensure Magna Steyr will manufacture Fisken Ocean, their SUV in 2020 for 6% equity of Fisker. Magna will also work with Fisker to develop ADAS. Magna formed a joint venture in December with LG Electronics to produce electric motors, inverters and other electric drive technology

     

    Since, the range of an BEV is closely related to the efficiency of the main inverter. This fundamentally implies that more powerful and efficient inverters will be required in coming years.

     

    Continental AG and Nidec Corporation announce partnership to develop and produce next-generation EV inverters. The two companies will combine their expertise in power electronics and electric motor technology to develop new EV inverters that are more efficient, reliable, and cost-effective.

     

    Denso Corporation announces plans to invest $1 billion in its EV inverter business by 2025. The company plans to use the investment to develop new EV inverter technologies and to expand its production capacity.

     

    Valeo announces plans to launch its first EV inverter with silicon carbide (SiC) semiconductors in 2024. SiC semiconductors are more efficient and have a higher power density than traditional silicon semiconductors, which could help to improve the performance and efficiency of electric vehicles.

     

     EV inverters are complex components that need to be highly efficient and reliable. This presents a number of technical challenges for manufacturers, such as developing new technologies to improve the efficiency and power density of EV inverters, and ensuring that EV inverters can operate reliably in a variety of environmental conditions.

     

    ELECTRIC VEHICLE INVERTER MARKET RECENT ACQUISITION

     

    The SME Group, with its headquarters in Arzignano, Italy, was successfully acquired, according to a statement from Dana Incorporated.

     

    For a variety of off-highway electric vehicle applications, such as material handling, agricultural, construction, and automated guided vehicles, the global SME Group designs, engineers, and produces low-voltage AC induction and synchronous reluctance motors, inverters, and controls.

     

    Dana’s electrified product line has been greatly increased with the addition of SME’s low-voltage motors and inverters, which are principally made to satisfy the expansion of electrification in off-highway equipment.

     

    The outstanding electric motor and inverter solutions from SME, which primarily support off-highway applications, are a perfect match for the technology we acquired with TM4, which are primarily targeted at light- and commercial-vehicle applications.

     

    Dana is prepared to offer full electric propulsion systems that strike a compromise between performance, power density, and weight requirements.

     

    The projected acquisition of the Drive Systems division of the Oerlikon group will further boost Dana’s electrification capabilities, allowing Dana to offer solutions for a variety of hybrid and electric-vehicle combinations.

     

    More than 100 employees work for the privately held SME Group, which has operations in China, Germany, Canada, and Italy. The projected acquisition of the Drive Systems division of the Oerlikon group will further boost Dana’s electrification capabilities, allowing Dana to offer solutions for a variety of hybrid and electric-vehicle combinations.

     

    RECENT PRODUCT LAUNCH IN ELECTRIC VEHICLE INVERTER MARKET

    Marelli, a top-tier global automotive supplier, developed a new, comprehensive platform of 800 volt Silicon Carbide (SiC) inverters, ensuring gains in terms of inverters’ size, weight, and especially efficiency, which is a crucial factor in electric vehicles. The platform will be introduced for the first time at the International VDI Congress “Dritev” (Drivetrain Transmission Electrification in Vehicles), which will be held in Baden Baden, Germany. Marelli will be showcasing its electrification technologies at stand B on the ground floor of the exhibit hall.

     

    Silicon Carbide is acknowledged as a technology of choice for power electronics due to its exceptional performance at high temperature and high voltage, which enables smaller, lighter, and more effective solutions. It is therefore especially well suited for inverters, which transform DC (Direct Current) power from batteries into AC (Alternating Current) electric power utilised in electric car motors.

     

    Furthermore, the new 800 Volt inverter platform from Marelli has an optimised thermal structure as a result of cutting-edge structural and cooling channel designs that significantly lower the thermal resistance between the SiC components and the cooling liquid.

     

    In high power applications, when the power module’s ability to reject heat is important, this is a key factor. The new inverter platform introduced by Marelli has a number of benefits, including the ability to extract more energy from the battery more effectively and ensure a large increase in a vehicle’s operating range.

     

    Additionally, higher acceleration and quicker charging times are guaranteed. The size of the battery can be reduced thanks to a more compact and effective inverter, which has advantages for sustainability, cost, and weight.

     

    The new inverter platform, which is built on our 800 volt silicon carbide power module technology, enables it to suit applications where energy use is optimised, performance is maximised, and efficiency is significantly increased.

     

    They can give consumers additional choice when it comes to packaging, cooling system design, and energy storage thanks to the comprehensive line of modular solutions. An Electric Control Unit housed in the same inverter box serves as the host for the software used by all of Marelli’s inverters, which are all housed by this unit.

     

    The software complies with AUTOSAR (AUTomotive Open System Architecture) standards and has been specially tailored to meet the diagnostic requirements put out by auto manufacturers. The ASIL D (Automotive Safety Integrity Level D) standard is adhered to by the functional safety standards.

     

    The new 800 Volt SiC platform brings Marelli’s inverter product line up to date. This product line, which is the result of more than years of experience, also comprises 400 Volt solutions based on silicon carbide and IGBT (insulated gate bipolar transistor), as well as converters based on gallium nitride (GaN), which are still under development.

     

    The  International VDI Congress “Dritev,” one of the major industry gatherings in Europe for the drivetrain and gearbox business, is where Marelli will be demonstrating its solutions, including a variety of inverters.

     

    The company’s technology portfolio includes inverters, electric motors, integrated e-axles systems, battery management systems, and solutions for managing all vehicle thermal systems.

     

    RECENT TRENDS IN ELECTRIC VEHICLE INVERTER MARKET

     

    Electric vehicles are becoming more powerful and efficient, and this is driving the demand for high-performance EV inverters. High-performance EV inverters are more efficient and can handle higher power levels, which is essential for electric vehicles with high-performance motors and batteries.

     

    Manufacturers are developing new EV inverter technologies to improve the performance, efficiency, and reliability of electric vehicles. For example, some companies are developing EV inverters with integrated power electronics, which can help to reduce the size and weight of electric vehicles.

     

    The demand for EV inverters for commercial vehicles is also growing rapidly. This is due to the increasing electrification of commercial vehicles, such as buses, trucks, and delivery vans.

     

    The transition from silicon insulated gate bipolar transistors (Si-IGBT) to silicon carbide (SiC) metal oxide semiconductor field-effect transistors is a significant development trend for inverters (MOSFET). SiC technology clearly shows its advantages in the low power range, which is the predominant operating regime for daily driving.

     

    Key design challenges to extend range and lower costs still exist as electric vehicles gain popularity. Here, the electric powertrain’s high efficiency is a key focus.

     

    The highly integrated electric drive units (EDUs), which include an inverter, electric motor, transmission, and heat exchanger, are clearly on the rise and offer benefits in terms of package, weight, and power density.

     

    The transition from silicon insulated gate bipolar transistors (Si-IGBT) to silicon carbide (SiC) metal oxide semiconductor field-effect transistors is a significant development trend for inverters (MOSFET). SiC technology clearly shows its advantages in the low power range, which is the predominant operating regime for daily driving.

     

    Even more optimizations can be achieved with clever control techniques like variable switching frequency and discontinuous modulation. Higher switching speeds that result in high voltage gradients, on the other hand, present more isolation and electromagnetic interference problems.

     

    additionally, there are technologies like two-level SiC with advanced gate drivers or soft switching technology, current source inverters with dual blocking devices, three-level gallium nitride (GaN) technology implementation on DC-DC converters, and traction inverters.

     

    RECENT PARTNERSHIPS

     

    In order to develop electric vehicle traction inverter solutions for VW EVs using Onsemi SiC power modules, Volkswagen and Onsemi have announced a strategic partnership. The partnership aims to improve performance for both the front and rear traction inverters at the component and sub-system levels.

     

    Onsemi agreed to deliver its brand-new EliteSiC 1200 V power modules, which are made especially for EV traction inverters, as part of the agreement. The EliteSiC family will consist of a number of traction inverter power modules that are pin-compatible and scaleable to accommodate different EVs and motor designs.

     

    The first power module design has been a joint effort between Onsemi and VW for more than a year, and pre-production models are presently being tested. In order to achieve enhanced powertrain efficiency and increased driving range, Jaguar Land Rover and Wolfspeed, Inc. have today established a strategic agreement to supply Silicon Carbide semiconductors for next-generation electric vehicles.

     

    The inverter of the vehicles, which controls the flow of power from the battery to the electric motors, will be equipped exclusively with Wolfspeed’s cutting-edge Silicon Carbide technology. Customers will have much more powerful electric vehicle inverters with longer driving ranges thanks to Silicon Carbide technology.

     

    SIGNIFICANT ADVANCEMENTS IN ELECTRIC VEHICLE INVERTER MARKET

     

    Power Electronics: The development of electric car inverters has benefited greatly from the science of power electronics. The switching speed and efficiency of inverters have increased thanks to developments in semiconductor technology, including insulated-gate bipolar transistors (IGBTs) and silicon carbide (SiC) MOSFETs.

     

    These developments have reduced power losses, allowing for higher power densities and increased system efficiency in general. 

     

    High-frequency switching techniques have been included into inverters for electric vehicles. Reduced system space and weight result from the use of lighter and smaller passive components like inductors and capacitors at higher switching frequencies.

     

    High-frequency switching also reduces electromagnetic interference (EMI) and enhances the vehicle’s general electromagnetic compatibility (EMC).

     

    Heat Management: Reliable operation of electric car inverters depends on effective heat management. The improvement of cooling systems has been the subject of technological advancements, such as liquid cooling or sophisticated air cooling methods.

     

    These developments increase the efficiency and dependability of the system by helping to disperse the heat produced by the inverter and guarantee ideal operating temperatures.

     

    Technology improvements have made it possible to combine several powertrain parts, such as the inverter, motor controller, and other power electronics, into a small, lightweight package.This integration enhances overall efficiency, simplifies wiring and linkages, and reduces system complexity.

     

    Semiconductors with a Wide Bandgap:Wide bandgap semiconductors, such gallium nitride and silicon carbide, have showed promise in enhancing the efficiency of inverters used in electric vehicles.

     

    In comparison to conventional silicon-based semiconductors, these materials offer larger breakdown voltages, faster switching rates, and lower conduction losses. 

     

    Higher inverter efficiency, power density, and operating temperatures are made possible by wide bandgap semiconductors.sophisticated control algorithms The performance and efficiency of inverters for electric vehicles have been significantly improved because to the development of sophisticated control algorithms.

     

    With the help of these algorithms, the switching frequency, voltage, and current of the inverter may be precisely controlled to increase motor performance, regenerative braking effectiveness, and general vehicle dynamics.

     

    Grid Integration and Vehicle-to-Grid (V2G) Capabilities: As electric vehicles proliferate, technological advancements have concentrated on allowing grid integration and V2G capabilities.

     

    Electric car inverters with bidirectional power flow characteristics enable vehicles to transfer energy from one vehicle to another or from one building to another, providing grid stabilization. Electric vehicle inverters employ a number of technologies to make them easier to use and perform better. 

     

    COMPETITIVE LANDSCAPE

     

    The electric vehicle inverter suppliers are focussed on creating inverters with high power density output in order to maximize traction motor performance.

     

    Delphi and Hitachi have launched inverters for mass production which can handle upto 800 volts.Eaton`s  eMobility developed and launched  vehicle inverters in Jan 2019 with a power density of 35 kw/L and 98% operating efficiency.

     

    In Aug 2021, BorgWarner revealed that it has signed contracts to supply dual inverters to two major Chinese OEMs. The dual inverters will be used on the GWM LEMON platform’s hybrid and plug-in hybrid electric vehicle (PHEV) versions, while another major Chinese automaker will use the technology on its own HEV and PHEV passenger vehicle models.

     

    The newly launched Porsche Taycan with 800V architecture sourced inverter chip from Delphi, and is made of Silicon Carbide. The high power and highly efficient chip allows the Taycan to DC fast charge at 270kW.

     

    At present most BEVs have 360-400V architecture which allows the DC fast charge at 50-125kW. To know more about the Global DC fast charging network, read our report.

     

    Multi other brands have showcased and launched 800 V architecture based vehicles such as Hyundai Ioniq 5, BYD, Zeekr etc. This has decreased charging times, and will have a significant market share post 2030

     

    Delphi`s new inverter has double-sided cooling, which makes it 40% lighter and 30% more compact than other inverters. It has partnered with silicon carbide semiconductor maker Cree in a deal that will allow production of inverters at a much higher scale by 2022.

     

    US based Cree Inc  has the world’s largest silicon carbide device manufacturing facility in New York.

     

    ZF has also partnered with Cree to create an “efficient driveline” . It expects to make silicon carbide electric drivelines available to various global automakers by 2022.

     

    Hitachi`s new 800V inverter also has double-sided cooling to improve thermal management and offer 2.7X power density as compared to previous inverters.

     

    Going forward, we expect the role of semiconductor suppliers will get bigger than ever and auto suppliers will rely on them for innovation in the electric vehicle inverter market.

     

    An average car has about 75-135 chips ranging from ECU to ADAS. The semiconductor shortage caused multiple OEMs to decrease shifts in the plants as well as shut down plants temporarily as they needed semiconductor chips to continue manufacturing vehicles. An estimated decrease in production is 6% in 2021 due to the chip shortage.

     

    Semiconductor chip manufacturers and foundries shifted focus during the COVID pandemic away from automobile to consumer electronics is one of the reasons for a decrease in automobile chip supply as they were unable to change to the increasing demand for automobile post pandemic slop in sales.  OEMs are in close contact with suppliers to eliminate this issue.

     

    Lot of features such as IoT, automotive, 5G, and self-driving silicon are built on 200mm wafers, older process nodes, or both. Instead of decreasing demand as new wafers were introduced, 200mm demand has actually increased in recent years.

     

    COVID-19 put additional pressure on those production lines at the same time it put pressure on everyone else’s production facilities as well. 2019 production numbers are estimated to recover only in 2022.

     

    COMPANY PROFILES

    1. Hyundai Mobis Co., Ltd.
    2. Marelli Corporation (Formerly Calsonic Kansei Corporation)
    3. Aptiv PLC (Formerly Delphi Automotive PLC)
    4. Hitachi Automotive Systems, Ltd.
    5. Bosch [Robert Bosch GmbH]
    6. China Auto Electronics Group Limited (THB Group)
    7. Continental AG
    8. Denso Corporation
    9. Eaton Corporation
    10. Danfoss Group
    11. Cree Inc.
    12. Toyota Industries Corporation

     

    THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

    1. What are the key drivers of the global Electric vehicle inverter market?
    2. What are the key challenges facing the global Electric vehicle inverter market?
    3. What are the key trends in the Electric vehicle inverter market?
    4. What are the key investment opportunities in the Electric vehicle inverter market?
    5. What are the top companies in the global Electric vehicle inverter market?
    6. What is the outlook for the global Electric vehicle inverter market?
    7. How is the global EV inverter market different from other regional EV inverter markets?
    8. What is the impact of government regulations on the global Electric vehicle inverter market?
    9. What is the average price of an EV inverter?
    10. What is the average lifespan of an EV inverter?
    11. What are the most common problems with EV inverters?
    12. What are the key strategies adopted by EV inverter manufacturers to gain a competitive edge in the global market?
    13. What are the key mergers and acquisitions that have taken place in the global Electric vehicle inverter market in recent years?
    14. What are the key research and development trends in the global Electric vehicle inverter market?
    15. What are the key challenges and opportunities in the global Electric vehicle inverter market for emerging countries?
    1 Market Segmentation 3
    2 Executive Summary 5-6
    3 Introduction 7-15
    4 Insights from Industry stakeholders 11
    5 Key criteria for Inverter vendor selection by OEMs 12-13
    6 Inverter manufacturing in US, Europe and China 14-15
    7 Breakdown of new EV concept vehicles by powertrain and power electronics 16-17
    8 Upcoming EV platforms with high power inverters 18-19
    9 Disruptive innovations in Inverter market 20-21
    10 Role of semi-conductor companies in EV inverter market 22-23
    11 About future of Integrated DC- DC converter with on board charger and inverter 23-25
    12 Market Size ,Dynamics and Forecast By EV Type 26-49
    13 Market Size ,Dynamics and Forecast By OEM 50-70
    14 Market Size ,Dynamics and Forecast By Vehicle Type 71-82
    15 Market Size ,Dynamics and Forecast By Inverter power 83-88
    16 Competitive Landscape 89-90
    17 Market share of major vendors-2019 91
    18 OE-supplier alignment 92-93
    19 Company Profiles 94-100
    20 Unmet needs and Market Opportunity for suppliers 101
    21 Conclusion 102
    22 Appendix 103