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Electric Vehicle Power Electronics Market research report delivers erudite market data on the market drivers, present as well as upcoming growth opportunities, segment wise and region wise challenges faced by Electric Vehicle Power Electronics market, competitive scenario in the global market. Electric Vehicle Power Electronics Market analyst segments the market to help the buyer to understand the present as well as future market size, situations in terms of growth rate and revenue.

The worldwide and regional Electric Vehicle Power Electronics market elements are precisely explained which helps to understand advancing of business trends, drivers, opportunities, and difficulties for the worldwide Electric Vehicle Power Electronics market.

One driver in the market is rising focus on thermal issue management. Vehicles are prone to frequent heat radiation though powertrain systems and EVs are no different to this. The heat is radiated because the operating temperature of the motor in the powertrain system of EVs exceeds 125C. As a result, power electronics application is increasing in EVs along with components such as MOSFETs and IGBTs. Basically, power electronics applications have two major objectives, reducing the system size and managing thermal issues. The adoption of wide bandgap (WBG) semiconductors is increasing owing to the high-operating temperature capability.

One challenge in the market is reducing cost by adopting advanced material is challenge for suppliers. Power electronics account for about one-fourth of the cost of the EV propulsion system, which includes, power electronics, battery, and motor. Hence, adopting smaller and cheaper inverter can reduce the cost of the system. However, limited domestic manufacturing capacity in the US, increasing demand for inverter from other application industries, and increasing cost of capacitors are contributing to the rising cost of inverters used in EVs. A similar trend is observed for components, such as copper, and subsystems, such as cooling system, which are under limited supply. Suppliers are trying to implement economies of scale concept through innovative manufacturing technologies, which in addition to new developments like WBG and customized converters has potential to reduce the overall cost of the inverter.

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