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Power electronics industry: the tables are turning…

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OUTLINE

  • Vehicle electrification is jointly pushed by two mega trends: global decarbonization and disruption of the automotive industry.
  • The total power electronic system market, made up of main inverters, DC/DC, and OBC, will grow to US$26 billion by 2027.
  • Key components, such as power electronic devices and battery cells, will remain the critical issues for OEMs.
  • A strong focus is being shifted to efficiency from a holistic view, to which power electronics can greatly contribute.

The market research and strategy consulting company Yole Développement (Yole) has developed comprehensive and accurate power electronics expertise for more than ten years, with specific investigations fully dedicated to automotive applications. All year long, Yole’s analysts deliver significant analyses, including technology and market reports and teardowns.
Why is vehicle electrification so critical? Why has it developed so rapidly in the last years? What is the market situation? How will it evolve? What are the key technologies to follow and business opportunities to keep in mind?…
Today, Yole’s power electronics team releases the report Power Electronics for Automotive – Focus on Passenger and Light Commercial Vehicles to answer these questions. This technology and market study analyzes the challenges and opportunities of the automotive power electronics industry in detail. Yole provides an overview of the technologies, highlights the technical disruptions, and presents detailed market data. The company also delivers a valuable understanding of the value chain, infrastructure, and competitive landscape with an in-depth analysis of the OEMs’ strategies.

Yu_YANG-YYA_YINT
Yu Yang, Ph.D., Senior Technology & Market Analyst, Power Electronics at Yole
“xEV penetration has been booming for a few years. At Yole, we expect a 21% CAGR between 2021 and 2027 for the global xEV market, accelerating across all market segments. Along with fast-growing BEV adoption, hybrid technologies will also grow substantially. Indeed, the different technologies’ penetration depends on the region.”

The power electronics market is strongly boosted by applications such as inverters, OBC, and DC to DC converters. The penetration of SiC MOSFET modules in main inverters has already started and will be remarkable. These modules will reach 28% CAGR2021-2027, with advantages including fast charging capability, high efficiency, and compactness at device and system levels. The supply-demand balance issue is more acute for SiC, for which capacity is expanding rapidly.

Titre du visuel

june 2021

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Thematic(s) :

The rapid electrification trend is creating a whole new supply chain, far from conventional internal combustion engines. It includes a new electric powertrain consisting of batteries, e-motors, inverters, and other supportive sub-systems, including OBCs, DC/DC converters, PDUs , and other auxiliaries. For most of the sub-systems, power electronics components are essential.
This attracts a group of new suppliers, some even from industries other than automotive. This ‘invasion’ is more evident in emerging countries and regions, particularly China.
Remarkably, more vehicle-making OEMs are vertically integrating. Some merge the responsibility for systems typically produced by Tier 1 component suppliers into OEMs’ in-house facilities. Some even take over device design and manufacturing, normally the realm of Tier 2 suppliers. The main drivers of this disruptive trend are key product supply chain security and the rather high speed of innovation of BEVs, which is better supported by vertical integration.
The journey towards electrification is exciting. Yet it is still critical for all players to carefully examine their own positions and competencies and work out strategies suitable for the highly dynamic xEV business.

Acronyms

  • DC : Direct Current
  • OBC : OBC
  • EUV : OEM
  • xEV : Electric vehicle
  • CAGR : Compound Annual Growth Rate
  • BEV : Battery Electric Vehicle
  • SiC : Silicon Carbide
  • MOSFET : Metal Oxide Semiconductor Field Effect Transistor
  • PDU : ower Distribution Units

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