Power Module for Electric Vehicle Market

To control the flow of energy, the switching electronic circuits are used. These switching electronic circuits are called power electronics. Power electronics are also considered for the conversion of electric power. Such conversions are performed by semiconductor devices like diodes, transistors and thyristors etc. Power electronics devices have several advantages including optimum forward and reverse backing capabilities, simplified circuits, compact designs etc. Moreover, power electronics find its applications in connection of renewable energy resources to power grids, transportation in electric trains, motor drives and lighting. The major use of power electronics devices is heat sinking as well as soft starting of equipment deploying power electronic devices. Power Module for Electric Vehicle Market only covers electric vehicles segment.
Power Module for Electric Vehicle Market aims to provide a comprehensive presentation of the global market for Power Module for Electric Vehicle, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Module for Electric Vehicle. Power Module for Electric Vehicle Market contains market size and forecasts of Power Module for Electric Vehicle in global, including the following market information:
Global Power Module for Electric Vehicle Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Power Module for Electric Vehicle Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Power Module for Electric Vehicle companies in 2022 (%)
The global Power Module for Electric Vehicle market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
GaN Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Power Module for Electric Vehicle include Mitsubishi Electric, Fuji Electric, SEMIKRON, ON Semiconductor, Renesas Electronics, Vishay Intertechnology, Texas Instruments, Toshiba and Stmicroelectronics, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Power Module for Electric Vehicle manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Power Module for Electric Vehicle Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Power Module for Electric Vehicle Market Segment Percentages, by Type, 2022 (%)

• GaN
• SiC
• Others

• HEV
• EV
• PHEV

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

• Key companies Power Module for Electric Vehicle revenues in global market, 2018-2023 (Estimated), ($ millions)
• Key companies Power Module for Electric Vehicle revenues share in global market, 2022 (%)
• Key companies Power Module for Electric Vehicle sales in global market, 2018-2023 (Estimated), (K Units)
• Key companies Power Module for Electric Vehicle sales share in global market, 2022 (%)

• Mitsubishi Electric
• Fuji Electric
• SEMIKRON
• ON Semiconductor
• Renesas Electronics
• Vishay Intertechnology
• Texas Instruments
• Toshiba
• Stmicroelectronics
• NXP Semiconductors
• Microsemi Corporation