EV power electronics forecast to be $300B market by 2027

June 23, 2017 //By Nick Flaherty
EV power electronics forecast to be $300B market by 2027
The power electronics market for electric vehicles will have reached $300 billion by 2027 according to a report by IDTechEx Research.

The Power Electronics for Electric Vehicles 2017-2027 looks at why power electronics is becoming more important in the performance and cost of an electric vehicle, hybrid or pure electric. This includes tougher regulations in 2025 and 2030 that will make most conventional powertrains illegal and the ongoing quest for performance improvement including better life and reliability.

The ten year forecasts for power electronics are broken down into motor controllers, recuperation, electricity import, electricity export, BMS with boost converters and climate control. in 46 categories of electric vehicles on land, water and air.

The report looks at 48V mild hybrid designs and beyond as well as new materials and components for power electronics, including SiC and GaN power semiconductors and new harvesting chemistries. These impact on network integration, powertrain options, voltage trends and structural electronics.

www.IDTechEx.com/power 


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