Future Key Technologies in the Electric and Hybrid Vehicle Market
ELECTRONICS.CA PUBLICATIONS announces the availability of a new market research report entitled “Power Electronics for Electric Vehicles 2013-2023: Forecasts, Technologies, Players”. This report forecasts the future key technologies and players in the electric and hybrid vehicle market. According to this report, the market for electric vehicle inverters will grow from an estimated $10billion to around $18billion between 2013 and 2023. As the demand for inverters is already established in the automation and industrial control industries, this additional significant complementary market will create new sectors and opportunities for both existing suppliers and new players on the market – particularly for those who specialise in electric vehicle knowledge and can provide highly integrated electric powertrain systems.
Currently, inverters in light electric vehicles such as e-bikes currently dominate the market in terms of volume with high demand in Asia. However, according to the report, by 2023 inverters in passenger vehicles will dominate by market value as high volume production is established.
Greater overall system efficiency will be achieved, resulting in a reduction of package size and system cost, the adoption of new materials and control algorithms, and a move towards higher levels of system integration.
Key technologies such as power device materials, power capacitors and cooling technologies all assist in driving electric vehicle inverter design advances. The report states that these will assist in producing step changes in performance, size and reliability over the next decade. Silicon Carbide and Gallium Nitrate will be the most notable of these materials, but packaging and reliability issues will restrict their use until the end of the decade.
Further information about future technology trends, designs, and market trends is available in the full report. The report is targeted at industrialists, investors, market researchers and others interested in the huge expanding electric vehicle market for power electronics technology. Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site. View the report: Power Electronics for Electric Vehicles 2013-2023: Forecasts, Technologies, Players.