DUBLIN, July 19, 2013 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/bqx9zr/power_electronics) has announced the addition of the "Power Electronics for Electric Vehicles 2013-2023: Forecasts, Technologies, Players" report to their offering.
The market for electric vehicle inverters, both hybrid and pure electric, will grow from around $10billion to an estimated $18billion from 2013 to 2023 as discussed in this new report. The demand for inverters and electric power conversions is already well established in the automation and industrial control industries which are also growing at considerable pace, therefore the addition of a significant complimentary emerging market will create new sectors for existing inverter and power electronic component suppliers as well as create opportunities for new players, particularly those with specialist electric vehicle knowledge and those able to develop added value through highly integrated electric powertrain systems.
Every electric vehicle needs at least one electric traction motor, many have two or more, and each traction motor requires an inverter to power it. The market place for electric vehicle inverters is both varied and dynamic. Inverter sizes range from a few hundred watts to several hundred kilowatts and span electric vehicle applications from electric cycles to passenger vehicles to commercial and military vehicles, all of which are expanding at unprecedented rates. This wide market place provides scope for players to participate in the general market place and in niche areas, and indeed there no providers of inverters who cross the complete range of electric vehicles.
For sheer volumes, inverters in light electric vehicles such as electric bicycles dominate now and will remain so by 2023, with these being largely in Asia, meeting everyday personal transportation needs in large industrial cities. However, by 2023 inverters and converters in passenger vehicles will dominant by market value as high volume production is established and cost of ownership and range anxiety are reduced.
The wide range in power and performance requirements, from small low voltage inverters used in electric scooters to large high power inverters used in hybrid and electric trucks, buses and military vehicles, creates a huge emerging market space and set of market requirements and thus an opportunity for large number of suppliers of electric vehicle power electronic systems and components to supply demand, and no real possibility of dominance by one provider.
The user demand for greater all electric range will push inverter and converter designers to optimise overall system efficiency. This, together with the requirement to reduce overall package size and system cost will result in the adoption of new materials and control algorithms and undoubtedly require a move towards higher levels of system integration.
All report purchases include up to 30 minutes telephone time with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This needs to be used within three months of purchasing the report.
Key Topics Covered:
1. Executive Summary and Conclusions
3. Analysis of 73 Traction Motor/Inverter Manufacturers
4. Analysis of Inverter Component Manufacturers
5. Comments From Automotive World 2012
- Toyota - Power Electronics
- Fuji Electric
6. Types of Traction Motor Drive in Summary
7. Market Forecasts
For more information visit http://www.researchandmarkets.com/research/bqx9zr/power_electronics
SOURCE Research and Markets