The power semiconductors in the global EV market is projected to grow at a CAGR of 22%-25% during 2022-2027. The growth of power semiconductors in the global EV market is driven by the increasing adoption of electric vehicles, initiatives of governments to reduce environmental pollution and vehicle emission, and development of interest towards the usage of electric vehicles.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the power semiconductors in the global EV market by device type (SiC discrete, SiC power module, GaN discrete, GaN power module, IGBT module, IGBT discrete, SJ MOSFET, and LV MOSFET), application (on-board charger, DC-DC converter, inverters, and others), vehicle type (HEV, PHEV, and BEV), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the power semiconductors in the global EV market?
Q.4 What are some changing demands of customers in the power semiconductors in the global EV market?
Q.5 What are the new developments in the power semiconductors in the global EV market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this power semiconductors in the global EV area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this power semiconductors in the global EV market?
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Market Segmentation:
Based on device type, the power semiconductor in the global EV market is segmented into SiC discrete, SiC power module, GaN discrete, GaN power module, IGBT module, IGBT discrete, SJ MOSFET, and LV MOSFET. The IGBT module segment accounted for the largest share of the market in 2020 due to its lower cost than SiC power module.
Asia Pacific is expected to be the highest CAGR during the forecast period due to growing R&D activities, development in technologies in battery vehicles, and increasing production of electric vehicles in countries, such as India, China, Japan, and South Korea.
Key Players in the power semiconductors in the global EV market are Infineon Technologies, Texas Instrument, STMicroelectronics, NXP semiconductors, ON Semiconductor, Mitsubishi Electric, Robert Bosch, Hitachi Automotive Systems, Denso, and others.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
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