Intelligent DC charging solutions play a crucial role in the electrified future, heralding a burgeoning market for SiC technology.
OUTLINE
The total EV DC charging system market value will reach US$23.7 billion by 2029.
The independent charging service providers are being squeezed by giants with oil and gas, and electricity supplies.
Technical trends:
Charge both 400 V and 800V batteries automatically,
Increase in power to above 350kW to enable faster charging.
The emergence of EV DC charging presents a promising business venture for companies specializing in power electronics. This market holds long-term viability due to the continual expansion of charging infrastructure and the coming need for infrastructure replacements. AC chargers will persist alongside OBCs in vehicles until DC infrastructure becomes universally established, a process anticipated to take 10-15 years, announces Yole Group in its DC Charging for Automotive report, 2024 edition.
The total EV DC charging system market will soar to US$23 billion by 2029. While chargers between 50 and 150 kW dominated the market in 2023, there is a noticeable surge in demand for higher-power chargers, particularly those exceeding 150 kW. By 2029, the highest market value, estimated at US$9.2 billion, will be attributed to very high-power chargers (150 kW ≤ x ≤ 350 kW).
Milan Rosina, Ph.D.,
Principal Analyst, Power Electronics & Battery at Yole Group
“The integration of 1,000 V chargers is expected. The objective is clearly to simplify the charging experience for EV owners, irrespective of their battery pack voltage (400V or 800V), thereby streamlining the process of ‘plug and go.’ At Yole Group, we think this advancement will alleviate concerns for OEMs with EVs utilizing 800 V battery systems. Indeed, it will eliminate the need to adapt batteries to 500V chargers. Ultimately, this technological shift promises reductions in volume, weight, and cost at the vehicle level.”
In this context, the market research and strategy consulting company Yole Group releases today an update of its annual report, DC Charging for Automotive 2024. This 2024 edition provides an overview of the main applications, market drivers, challenges, and trends of EV DC chargers. Yole Group’s analysts offer today a deep dive into EV DC technologies and the major technical and market trends that will shape tomorrow’s power electronics industry. In addition, they detail the EV DC supply chain and analyze the competitive landscape and the evolution of business models. Synergies with other industries and the numerous opportunities for newcomers are also well-detailed in this report.
Hassan Cheaito, Ph.D.,
Technology & Market Analyst, Power Electronics at Yole Group
“The primary trends observed in EV DC chargers involve two key advancements: the increase in maximum charger voltage from 500 to 1,000V to accommodate both 400V and 800V batteries and an escalation in power levels to above 350kW for exceedingly rapid charging. However, chargers with nominal power exceeding 350 kW exceed the current charging capabilities of most electric vehicles.”
Titre du visuel
june 2021
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Thematic(s)
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Yu Yang, Ph.D.,
Principal Analyst, Automotive Semiconductors
“These ultra-fast chargers are increasingly engineered to charge multiple vehicles concurrently through dynamic power allocation features. Bidirectional chargers are not anticipated to become mainstream until V2G technology gains traction.”
Silicon transistors, specifically discrete IGBTs and MOSFETs , remain prevalent in EV DC chargers. The adoption of SiC MOSFET devices is driven by factors such as a smaller charger footprint, enhanced thermal capabilities (resulting in simpler and more cost-effective cooling systems), and a higher breakdown voltage of 1,200 V. The collective impact of these parameters, coupled with a favorable return on investment particularly in high-utilization charging stations, is promoting the widespread adoption of SiC technology. Liquid cooling systems are increasingly utilized in ultra-fast chargers, with growing interest extending even to lower-power applications in residential or enclosed settings where noise reduction is a critical consideration.
Yole Group will attend RENEWX INDIA from April 26 to 27 in Hyderabad, India. On April 26, Shalu Agarwal, Senior Technology & Market Analyst, Power Electronics and Battery, will be session moderator with a dedicated presentation: “Future of renewable energy generation in India: opportunities and challenges.”
For more information, please click HERE. Yole Group’s power electronics and battery team invites you to follow the technologies, devices, applications, and markets on www.yolegroup.com.
Stay tuned!
Acronyms
EV : Electric Vehicle
DC : Direct Current
AC : Alternating Current
OBC : Onboard Chargers
V2G : Vehicle-to-Grid
IGBT : Insulated Gate Bipolar Transistor
MOSFET : Metal Oxide Semiconductor Field Effect Transistor
Milan Rosina, Ph.D., Principal Analyst, Power Electronics & Battery at Yole Group“The integration of 1,000 V chargers is expected. The objective is clearly to simplify the charging experience for EV owners, irrespective of their battery pack voltage (400V or 800V), thereby streamlining the process of ‘plug and go.’ At Yole Group, we think this advancement will alleviate concerns for OEMs with EVs utilizing 800 V battery systems. Indeed, it will eliminate the need to adapt batteries to 500V chargers. Ultimately, this technological shift promises reductions in volume, weight, and cost at the vehicle level.”
