Global New Energy Vehicle Power Devices Market Growth (Status and Outlook) 2025-2031

The global New Energy Vehicle Power Devices market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

In new energy vehicles, new power devices are mainly used in power system components such as main drive inverters, on-board chargers (OBC), and DC-DC converters. In addition to the power system, the PTC heater, compressor, water pump and oil pump in the thermal management system require power devices to drive. In addition, the supporting charging piles also require the use of a large number of power devices.

United States market for New Energy Vehicle Power Devices is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for New Energy Vehicle Power Devices is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for New Energy Vehicle Power Devices is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key New Energy Vehicle Power Devices players cover Infineon, ON Semiconductor, STMicroelectronics, Toshiba, Renesas, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LPI (LP Information)' newest research report, the “New Energy Vehicle Power Devices Industry Forecast” looks at past sales and reviews total world New Energy Vehicle Power Devices sales in 2024, providing a comprehensive analysis by region and market sector of projected New Energy Vehicle Power Devices sales for 2025 through 2031. With New Energy Vehicle Power Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world New Energy Vehicle Power Devices industry.

This Insight Report provides a comprehensive analysis of the global New Energy Vehicle Power Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on New Energy Vehicle Power Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global New Energy Vehicle Power Devices market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for New Energy Vehicle Power Devices and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global New Energy Vehicle Power Devices.

This report presents a comprehensive overview, market shares, and growth opportunities of New Energy Vehicle Power Devices market by product type, application, key players and key regions and countries.

Segmentation by Type:
Silicon MOSFET
IGBT
Others

Segmentation by Application:
Passenger Car
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Infineon
ON Semiconductor
STMicroelectronics
Toshiba
Renesas
Mitsubishi
China Resources
Nexperia
Shilan

Please note: The report will take approximately 2 business days to prepare and deliver.