The global power electronics market is expected to multiply by 2025 with the rising demand for electric & hybrid vehicles. OEMs across the globe are looking at EV and HEVs as viable solutions in order to comply with the evolving stringent emission & fuel regulations.
New York, July 22, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Analysis of Power Electronic Market for Electric and Hybrid Vehicles, Forecast to 2025" - https://www.reportlinker.com/p05934522/?utm_source=GNW
Power electronics play a huge important role in defining the efficiency, safety and range of vehicles.Supply chain & competitive benchmarking has become a huge integral part in creating strategies as it’s a highly competitive market with number so participants trying to occupy a significant market share.
Integration of components like inverter, converter, motor & other PEs are increasingly popular as they reduce the size, weight, and cost & offer a lot of space for OEMs to work on different architectures which allow for spacious cabins or drivetrains.
Read the full report: https://www.reportlinker.com/p05934522/?utm_source=GNW
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