|By Business Wire||
|January 17, 2014 05:47 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/m8f42v/power_electronics) has announced the addition of the "Power Electronics for Electric Vehicles 2013-2023: Forecasts, Technologies, Players" report to their offering.
Power Electronics And Key Power Components For Hybrid And Pure Electric Vehicles, Land, Water And Air
The market for electric vehicle inverters, both hybrid and pure electric, will grow from around $10 billion to an estimated $18 billion 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.
This report will be a great benefit for industrialists, investors, market researchers and others interested in the huge expanding electric vehicle market for power electronics technology. It will also provide an essential guide to those studying or involved in the supply of associated technology and to support industrial and government initiatives. The report is suitable for the non-technical reader, but has sufficient detail to inform those readers requiring more subject depth.
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
6. Types of Traction Motor Drive in Summary
7. Market Forecasts
8. Lessons From Battery/Ev Event Michigan September 2013
For more information visit http://www.researchandmarkets.com/research/m8f42v/power_electronics.
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