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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Increased demand for energy-efficient battery-powered devices, strict emission standards to minimize vehicle weight and emission, and government measures to balance environmental pollution and vehicle emission are the main reasons driving the power electronics for electric vehicle market growth.
Power electronics for electric vehicle markets are hampered by high vehicle costs and the difficulty of creating and integrating advanced power electronic components.
Additionally, the market for power electronics for electric vehicles is anticipated to have profitable growth prospects due to technical developments in car batteries and an increase in R&D efforts.
Power electronics also enable high input impedance and enhanced parallel current sharing, which expands the use of power electronic parts in electric vehicles.
The Thailand EV Power electronics market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2024 to 2030.
Hitachi Energy, a leader in power grid technology and the market, revealed that RoadPak, a ground-breaking power semiconductor module for electric cars, will be made available internationally. RoadPak raises the bar for the efficiency of electric vehicles.
In order to achieve high levels of power density for quicker charging, dependability over the course of the vehicle's lifespan, and the lowest possible power losses for the greatest driving range, this small module makes use of cutting-edge silicon carbide (SiC) technology.
With two seasons of perfect performance with the Mahindra Racing Formula E team and testing by other EV manufacturers, the RoadPak is offered in both the 750 volt and 1,200 volt voltage ranges.
All electric vehicle kinds, including conventional and luxury automobiles, commercial vehicles, buses, agricultural EVs, heavy-duty trucks, and high-performance racing cars, can benefit from this.
An essential part of electric cars is the power electronics. They are the brains of the inverter, which transforms DC energy from the car's battery into the AC energy that powers the motor. Integrity is crucial. Over the course of a vehicle's lifespan, RoadPak chips are intended to function flawlessly for more than four million start-stop cycles.
| 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, 2024-2030 |
| 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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