Electric Vehicle Power Inverter Market-Increasing efforts being taken by OEMs for developing and introducing electric vehicles on the road

Electric Vehicle Power Inverter Market: Overview

A power inverter is a device that is used to convert one form of voltage to the other form, like DC input voltage into a symmetric AC output voltage or vice versa. The AC output voltage which is generated has a certain magnitude and frequency. There are different types of inverters such as traction inverter and soft-switching inverter which are used in electric vehicles for different purposes.

Electric Vehicle Power Inverter Market: Drivers and Restraints

Increasing efforts being taken by OEMs for developing and introducing electric vehicles on the road, at the earliest, are expected to boost the electric vehicle power inverter market during the forecast period. Increasing government support from various countries across the world for the production of electric vehicles is anticipated to propel the electric vehicle power inverter market in the near future. Rapid technological advancements in the field of power electronics such as the development of high power density inverters is expected to fuel the electric vehicle power inverter market during the forecast period. Increasing incorporation of inverters operating on an AC power source in electric vehicles by key vehicle manufacturers such as Tesla, in recent years, is anticipated to propel the electric vehicle power inverter market during the forecast period.

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However, when an electric motor runs, the generated voltage and the input voltage have opposite polarities. This results in the generation of a very high current during the first few seconds of switching on the engine when the motor has not actually started running. This high current can pose a threat to big motors that are utilized primarily in heavy commercial electric vehicles, by causing the fuses of the motors to blow off or get damaged. This is anticipated to restrain the electric vehicle power inverter market to some extent during the forecast period.

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Pragati Pathrotkar

As one of the lead news writers on cmfenews, Pragati’s specialization lies in the science and technology domains. Her passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Pragati’s take on the impact of digital technologies across the science, technology, and business domains gives her writing a fresh and modern outlook.

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