EUROPE EV POWER ELECTRONICS MARKET

INTRODUCTION

The globe is embracing electric automobiles like no other. Batteries, traction motors, and power electronics are the new innovation hotspots in electric powertrains. Solid-state electronics used for power conversion and control are known as power electronics. 

The onboard charger, an AC-DC rectifier to charge the battery; the inverter, a high-power DC to AC converter for the battery to power the traction motor; and a DC-DC converter for the high-voltage traction battery to power a low-voltage battery are the three main components of the charging system for electric vehicles. 

The primary inverter, which runs at the highest power and promotes traction, is the most important of all. Any increases in efficiency here increase driving distance without affecting battery capacity.

EUROPE EV POWER ELECTRONICS MARKET SIZE AND FORECAST

The Europe 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.

EUROPE EV POWER ELECTRONICS MARKET DYNAMICS

A strategic partnership for the joint development and production of power electronics in a so-called "One Box" for electric and hybrid powertrains was announced by Vitesco Technologies, a top global manufacturer of modern drive technologies, and Renault Group, a significant player in the automotive industry.

In accordance with this agreement, the parties will work together to develop a power electronics concept that is distinct from others on the market. Each partner will contribute their expertise and experience.

Vitesco Technology will contribute its "best in class" technologies and processes, while Renault Group will contribute its expertise in electric and hybrid vehicles.

The objective is to create a central electronic device that houses the inverter, on-board charger, and DC-DC converter all in one housing.

For the development of Renault's future cars, notably in terms of passenger capacity and comfort, this "One Box" idea will also offer a hitherto unheard-of gain in compactness and mass.

The different fundamental component combinations and assembly will be adjusted to the various electric and hybrid powertrain types.

EUROPE EV POWER ELECTRONICS MARKET COMPANY PROFILES

• Renault
• Vitesco 
• Rhombus Energy Solutions
• NexGen Power Systems
• Apex Microtechnology
• Eggtronic  
• Navitas Semiconductor

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perEurope EV Power Electronics Marketright now and how will it change in the next 5-6 years?
2. Average cost to set up anEV Power Electronics Marketin Europe?
3. How manyEurope EV Power Electronics Marketare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aEurope EV Power Electronics Marketand key vendor selection criteria
6. Where is theEurope EV Power Electronics Marketmanufactured? What is the average margin per equipment?
7. Market share ofEurope EV Power Electronics Marketmanufacturers and their upcoming products
8. The most important plannedEurope EV Power Electronics Marketin next 2 years
9. Details on network of majorEurope EV Power Electronics Marketand pricing plans
10. Cost advantage for OEMs who manufactureEurope EV Power Electronics Marketin-house
11. 5 key predictions for next 5 years inEurope EV Power Electronics Market
12. Average B-2-BEurope EV Power Electronics Marketprice in all segments
13. Latest trends inEurope EV Power Electronics Market, by every market segment
14. The market size (both volume and value) ofEurope EV Power Electronics Marketin 2022-2027 and every year in between?
15. Global production breakup ofEurope EV Power Electronics Market, by suppliers and their OEM relationship