Sep. 27 at 9:40 AM
$IPWR EV Inverter powersemi market:
The electric vehicle (EV) inverter power semi market size is substantial and rapidly growing, with reports estimating the global market to be around USD 8.3 billion in 2024, projected to reach USD 25.3 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of approximately 13.3%. Key drivers for this growth include the increasing adoption of electric vehicles, supportive government initiatives, and advancements in inverter technology, particularly the shift towards more efficient materials like Silicon Carbide (SiC) in power semiconductors.