Yole estimate total power electronic system market to grow to US$26B by 2027

Yole report from its latest finding that the total power electronic system market, made up of main inverters, DC/DC converters, and On-Board Chargers (OBC), will grow to US$26 billion by 2027. Yole finds penetration of Silicon Carbide 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. Yu Yang, Ph.D., Senior Technology & Market Analyst, Power Electronics at Yole, asserts: “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.” Silicon Carbide offers benefits such as fast charging, higher efficiency, and space saving at device and system levels. Transiting electric motor powered drive from conventional internal combustion engines causing a whole new supply chain. The electric powertrain consisting of batteries, e-motors, inverters, and other supportive sub-systems, including OBCs, DC/DC converters, Power Distribution Units (PDUs) , and other auxiliaries. For most of the sub-systems, power electronics components...