Power Electronics for Electric Vehicle Market By Application (Inverter, Converter, and On-board Charger) and End Use (Automotive, Railways, Marine, and Electrically Powered Airborne Vehicles): Global Opportunity Analysis and Industry Forecast, 2019–2026
- ALL3757727
- 89 Pages
- January 2020
- Semiconductor and Electronics
The inverters segment secured highest revenue share in power electronics for electric vehicle market in 2018. However, on-board chargers’ market is anticipated to witness higher growth rate during the forecast period, owing to growth in electrification of vehicle. Among the end users, automotive segment dominated the power electronics market in 2018, and is projected to follow same trend during forecast period. The railway segment is expected to grow at a CAGR of 40.7% from 2019 to 2026, owing to surge in demand for electric propulsion systems in the locomotive industry.
Rise in interest of energy efficiency power devices and environmental protection has led to the development of electric vehicle technology. The primary energy sources in these vehicles are batteries or capacitors instead of gasoline or diesel fuel as in the conventional ICE vehicles. The power electronics are key components in propulsion system that effectively drive the adoption of electric motor and control the power converters. The implementation of innovative battery technology in electric vehicle is in progress, which is expected to reduce the cost of these vehicles. Currently, the performance of lithium-ion battery cathodes is being improved, which also reduces battery cost; thereby, reducing the cost of electric vehicle as compared to gas power vehicle in the coming years.
The major factors that drive the power electronics for electric vehicle market include surge in demand for energy-efficient battery-powered devices, stringent emission regulations to reduce vehicle weight and emission, and government initiatives to balance environmental pollution and vehicle emission. However, high cost of vehicle and complexity in designing and integrating advance power electronic components in electric vehicles hinder the power electronics for electric vehicle market growth. Furthermore, technological advancements in vehicle battery and increase in R&D activities are expected to create lucrative growth opportunities for the power electronics for electric vehicle market. In addition, power electronics supports high input impedance and improved parallel current sharing, which increases the adoption of power electronic components in electric vehicles.
The power electronics for electric vehicle market is segmented on the basis of application, end use, and region. The application segment is divided into inverter, converter, and on-board charger. By end use, the market is classified into automotive, railway, marine, and electrically powered airborne vehicles
The key players profiled in the report include Denso Corporation, Robert Bosch GmbH, Infineon Technologies AG, Delphi Technologies, and other companies that secured major share in the automotive electronics market. The other key player profiled in this report include Continental AG, Hitachi Automotive Systems, Ltd., Delphi Technologies, Valeo, Mitsubishi Electric Corporation, Denso Corporation, Infineon Technologies, Robert Bosch GmbH, Hella, Panasonic Corporation, Tesla Inc., Toyota Industries Corporation, and Hangzhou Tiecheng Information Technology.
KEY MARKET SEGMENTS
BY APPLICATION
• Inverter
• Converter
• On-board Charger
BY END USE
• Automotive
• Railways
• Marine
• Electrically Powered Airborne Vehicles
KEY PLAYERS
• Denso Corporation
• Robert Bosch GmbH
• Infineon Technologies AG
• Delphi Technologies
• Continental AG
• Hitachi Automotive Systems, Ltd.
• Delphi Technologies
• Valeo
• Mitsubishi Electric Corporation
• Denso Corporation
• Infineon Technologies
• Robert Bosch GmbH
• Hella
• Panasonic Corporation
• Tesla Inc.
• Toyota Industries Corporation
• Hangzhou Tiecheng Information Technology
1.1. Report description
1.1. Key benefits for stakeholders
1.2. Key market segments
1.3. Research methodology
1.3.1. Primary research
1.3.2. Secondary research
1.3.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Surge in demand for energy-efficient battery-powered devices
3.4.1.2. Stringent emission regulations to reduce vehicle weight and emission
3.4.1.3. Government initiative to balance environmental pollution
3.4.2. Restraints
3.4.2.1. Increasing cost of electric vehicles
3.4.2.2. Complexity in designing and integration of advance power electronic components in electric vehicles
3.4.3. Opportunity
3.4.3.1. Technological advancements in vehicle
3.4.3.2. Improvement in electric vehicles R&D & battery technology
3.5. Power Electronic For Electric Vehicle Market – Value Chain Analysis
3.5.1. Semiconductor Industry-Value Chain Analysis
CHAPTER 4: GLOBAL POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY APPLICATION
4.1. Overview
4.2. Inverter
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market share analysis, by supplier (Automotive and Non-Automotive)
4.2.3. Company snapshot for five Tier 1 suppliers
4.2.3.1. Continental AG
4.2.3.2. Hitachi Automotive Systems Ltd.
4.2.3.3. Delphi Technologies PLC
4.2.3.4. Valeo S.A.
4.2.3.5. Mitsubishi Electric Corporation
4.3. Converter
4.3.1. Key market trends, growth factors, and opportunities
4.3.1. Market share analysis, by supplier (Automotive and Non-Automotive)
4.3.2. Company snapshot for five Tier 1 suppliers
4.3.2.1. Denso Corporation
4.3.2.2. Robert Bosch GmbH
4.3.2.3. Infineon Technologies AG
4.3.2.4. Continental AG
4.3.2.5. Hella KGaA Hueck & Co.
4.4. On-Board Charger
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market share analysis, by supplier (Automotive and Non-Automotive)
4.4.3. Company snapshot for five Tier 1 suppliers
4.4.3.1. Nichicon Corporation
4.4.3.2. Tesla, Inc.
4.4.3.3. Panasonic Corporation
4.4.3.4. Toyota Industries Corp.
4.4.3.5. Hangzhou Tiecheng Information Technology Co., Ltd.
CHAPTER 5: POWER ELECTRONIC FOR ELECTRIC VEHICLE MARKET, BY END USE
5.1. OVERVIEW
5.2. Automotive
5.2.1. Key market trends, growth factors, and opportunities
5.3. Railways
5.3.1. Key market trends, growth factors, and opportunities
5.4. Marine
5.4.1. Key market trends, growth factors, and opportunities
5.5. Electrically Powered Airborne Vehicles
5.5.1. Key market trends, growth factors, and opportunities
TABLE 01. POWER ELECTRONIC FOR ELECTRIC VEHICLE INDUSTRY PLAYERS BENCHMARKED BY VALUE CHAIN ANALYSIS
TABLE 02. SEMICONDUTOR INDUSTRY PLAYERS BENCHMARKED BY VALUE CHAIN ANALYSIS
TABLE 03. POWER ELECTRONIC FOR ELECTRIC VEHICLE MARKET, BY APPLICATION, 2018-2026 ($MILLION)
TABLE 04. CONTINENTAL AG: COMPANY SNAPSHOT
TABLE 05. HITACHI AUTOMOTIVE SYSTEMS LTD.: COMPANY SNAPSHOT
TABLE 06. DELPHI: COMPANY SNAPSHOT
TABLE 07. VALEO: COMPANY SNAPSHOT
TABLE 08. MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 09. DENSO CORPORATION: COMPANY SNAPSHOT
TABLE 10. ROBERT BOSCH GMBH.: COMPANY SNAPSHOT
TABLE 11. INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
TABLE 12. CONTINENTAL AG: COMPANY SNAPSHOT
TABLE 13. HELLA KGAA HUECK & CO: COMPANY SNAPSHOT
TABLE 14. NICHICONCORPORATION: COMPANY SNAPSHOT
TABLE 15. TESLA, INC.: COMPANY SNAPSHOT
TABLE 16. PANASONIC CORPORATION: COMPANY SNAPSHOT
TABLE 17. TOYOTA INDUSTRIES CORP.: COMPANY SNAPSHOT
TABLE 18. HANGZHOU TIECHENG INFORMATION TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
TABLE 19. GLOBAL POWER ELECTRONICS FOR ELECTRIC VEHICLE MARKET, BY END USE, 2018-2026($MILLION)
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