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Cost and Size of Components to Drive Automotive Power Electronics

The global automotive power electronics market is expected to register a CAGR of 7%, during the forecast period, 2019-2024 according to the report added by ResearchandMarkets.com.

global automotive power

The report titled “Automotive Power Electronics Market – Growth, Trends, and Forecast (2019 – 2024)” predicted that the advent of high-frequency and high-power switching devices has brought a comprehensive application of power electronic converters, for energy conversion and motion control. Technological advancements, along with a reduction in cost and size of components and systems, are expected to play a pivotal role in the growth of the automotive power electronics in the electric vehicles market.

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Jyoti Gazmer

A Mass Comm. graduate believes strongly in the power of words. A book lover who dreams to own a library some day. An introvert but will become your closest friend if you share mutual feelings about COFFEE. I prefer having more puppies over humans.

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