The report on the global power electronics for xEV market provides qualitative and quantitative analysis for the period from 2022-2032. The global power electronics for xEV market was valued at USD 4.48 billion in 2023 and is expected to reach USD 17.00 billion in 2032, with a CAGR of 16.48% during the forecast period 2024-2032. The study on power electronics for xEV market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2022-2032.
The report on power electronics for xEV market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global power electronics for xEV market over the period of 2022-2032. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global power electronics for xEV market over the period of 2022-2032. Furthermore, the growth matrix given in the report brings an insight into the investment areas that existing or new market players can consider.
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
2. Complete coverage of all the segments in the power electronics for xEV market to analyze the trends, developments in the global market and forecast of market size up to 2032.
3. Comprehensive analysis of the companies operating in the global power electronics for xEV market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
The report on power electronics for xEV market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global power electronics for xEV market over the period of 2022-2032. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global power electronics for xEV market over the period of 2022-2032. Furthermore, the growth matrix given in the report brings an insight into the investment areas that existing or new market players can consider.
Report Findings
1) Drivers
- The power electronics for xEV market is gaining momentum due to OEMs' increasing focus on lightweight, compact, and integrated powertrain solutions for enhanced vehicle range and performance.
- The power electronics for xEV market is facing significant challenges due to limited global manufacturing capacity for silicon carbide and gallium nitride devices.
2) Restraints
- The power electronics for xEV market faces significant restraint due to the limited global manufacturing capacity for silicon carbide and gallium nitride devices.
3) Opportunities
- The global expansion of fast-charging and ultra-fast charging networks presents a significant opportunity for power electronics for xEV market.
Research Methodology
A) Primary Research
The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry
The primary research respondents typically include
1. Executives working with leading companies in the market under review2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.The secondary sources of the data typically include
1. Company reports and publications2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
Segment Covered
The global power electronics for xEV market is segmented on the basis of component type, propulsion type, and application.The Global Power Electronics for xEV Market by Component Type
- Inverter
- Converter
- On-board Charger
- Battery Management System (BMS)
- Motor Control Unit
- Power Distribution Unit (PDU)
- DC-AC Converter
- Others
The Global Power Electronics for xEV Market by Propulsion Type
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
The Global Power Electronics for xEV Market by Application
- Electric Traction Drive System
- Battery Management System (BMS)
- Charging Systems
- Auxiliary Power Supplies
- Thermal Management Systems
Company Profiles
The companies covered in the report include
- Infineon Technologies AG
- STMicroelectronics NV
- ROHM Co., Ltd.
- Mitsubishi Electric Corporation
- Texas Instruments Incorporated
- Renesas Electronics Corporation
- TOSHIBA CORPORATION
- Analog Devices, Inc.
- ABB
- Semikron Danfoss
What does this report deliver?
1. Comprehensive analysis of the global as well as regional markets of the power electronics for xEV market.2. Complete coverage of all the segments in the power electronics for xEV market to analyze the trends, developments in the global market and forecast of market size up to 2032.
3. Comprehensive analysis of the companies operating in the global power electronics for xEV market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Table of Contents
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Global Power Electronics for xEV Market Overview
Chapter 5. Company Profiles and Competitive Landscape
Chapter 6. Global Power Electronics for xEV Market by Component Type
Chapter 7. Global Power Electronics for xEV Market by Propulsion Type
Chapter 8. Global Power Electronics for xEV Market by Application
Chapter 9. Global Power Electronics for xEV Market by Region 2024-2032
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 255 |
| Published | May 2025 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 4.48 Billion |
| Forecasted Market Value ( USD | $ 17 Billion |
| Compound Annual Growth Rate | 16.4% |
| Regions Covered | Global |
