October 16, 2021

CHICAGO PIXELS

SEMICONDUCTOR RESEARCH CENTER

Power semiconductor device market for xEVs growing at 25.7% CAGR to $5.6bn in 2026

With the plug-in hybrid electric vehicle (PHEV) and battery electric vehicle (BEV) markets estimated to be increasing at compound annual growth rates (CAGRs) of 37.3% and 44%, respectively, during 2020-2026, the converter market for all electric vehicles (xEV, spanning MHEV, HEV, PHEV, BEV, FCEV) is rising at a CAGR of 27.7%, to more than $28.8bn in 2026, estimates market analyst firm Yole Développement in its report ‘Power Electronics for E-Mobility 2021’…