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INTRODUCTION OF EV MULTI-LEVEL INVERTER MARKET
A multi-level inverter is an electronic device that can convert a direct current (DC) input voltage into a multi-level alternating current (AC) output voltage. The multi-level inverter is composed of several distinct levels of DC voltage, which are then combined to produce a higher-level AC voltage.
The main advantage of this type of inverter is its ability to reduce harmonic distortion and increase power quality. This is due to the fact that the output voltage is composed of multiple distinct levels, rather than the single-level voltage of a standard inverter. Multi-level inverters are widely used in photovoltaic (PV) systems, wind turbines, hybrid electric vehicles (HEVs), and other power electronics applications.
In PV systems, the multi-level inverter is used to convert the direct current from the PV cells into alternating current for the grid. In wind turbines, the inverter is used to convert the direct current from the generator into alternating current for the grid. In HEVs, the inverter is used to convert the direct current from the battery into alternating current for the electric motor.
The multi-level inverter is typically constructed using power electronic devices such as transistors, MOSFETs, IGBTs, and thyristors. These devices can be arranged in a variety of topologies, such as the diode-clamped topology, the flying capacitor topology, the cascaded H-bridge topology, and the neutral-point-clamped topology. Depending on the application, the number of levels can range from two to a hundred or more.
EV MULTI-LEVEL INVERTER MARKET SIZE AND FORECAST
The Global EV multi-level inverter 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 wide-bandgap based, high power (100 kW) DC-to-AC inverter that can receive power from solar panels or batteries and transfer it directly to the utility grid’s medium voltage level is what Virginia Polytechnic Institute and State University (Virginia Tech) are working on developing. To create a bidirectional solid-state transformer that converts low-voltage AC to high-voltage AC without the use of bulky, low-frequency materials like copper and iron in its design, the team will also integrate the device with an already-existing medium-voltage AC-to-DC converter.
The hardware prototype, which has the potential to reduce size by two orders of magnitude over the current solid-state transformers, will be packaged with a high power density design. Because of its high efficiency and use of a convection-cooled heatsink, the cooling system is minimized. If the project is successful, it might result in the first medium-voltage solid-state transformer that is economically feasible and can achieve high-efficiency power conversion with just one stage of processing.
The development of a new class of power converters suitable for a wide range of applications such as motor drives for heavy machinery and consumer appliances, high-performance computer data centers, electric vehicle battery charging, grid applications for stability and resilience, and emerging electric propulsion systems will be facilitated by CIRCUITS projects.
1. Africa – Africa is a region rich in raw materials, and supplies the raw materials mainly for batteries in the electric vehicle industry. It is also key in supplying copper, neodymium and graphite which are crucial for the EV industry.
2. Europe – Europe is a major market for the sales of electric vehicles and a major manufacturing region for EVs and components. The region is also rich in hardware and software development talent for the electric vehicle industry thereby playing a big role in technological innovation. The region has upcoming foundries for semi-conductors and battery plants which will decrease the reliance of the region on Asia mainly China. Regulations are a major driving factor for the electric vehicle industry in this region.
3. Asia – Asia is currently the largest market for the sales of electric vehicles as well as the largest hub for the manufacturing for EVs and components, currently with a monopoly in semiconductor manufacturing. Due to high localization in this region, there is immense hardware and software talent pool and innovation present in the region. The region also has hardware manufacturing with dominance in various finished materials such as steel and aluminium which are exported to Europe and North America.
4. North America – North America is a large market for electric vehicles and a ground for technological innovation. There are various component manufacturing grounds, as well as upcoming battery plants and semiconductor manufacturing that will enable North America to improve its EV market. Efforts are underway to develop a more localized supply chain including localized manufacturing and increasing recycling.
5. Latin America and ROW – Chile and Argentina, are key suppliers of lithium, a crucial component for EV batteries. Latin America has reserves of copper and other essential materials for EVs. Currently, it is a small market for EVs but manufacturing of EVs is expected to increase in this region.
EV MULTI-LEVEL INVERTER MARKET REPORT WILL ANSWER THE FOLLOWING QUESTIONS
