EV IGBT Modules Heatsink Market Scope
EV IGBT module heatsink is commonly used for thermal management of IGBT modules in electric vehicles. IGBT modules function as a switch that can be used to switch on/ off power fast and with high energy efficiency. The demand for ultra-compact and lightweight IGBT modules is increasing for the application in hybrid electric vehicles. Further, the demand for heatsinks with high cooling capacity, higher strength, and withstand harsh environments led manufacturers to develop and manufacture next-generation and innovative IGBT module heatsinks for application in automotive.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Advanced Thermal Solutions (United States), Semikron (Germany), DAU (Austria), Texas Instruments (United States), Dana (United States), Senior Flexonics (United States), Amulaire Inc. (United States), Wieland Microcool (United States), Infineon (Germany), Hitachi (Japan), Mitsubishi Electric (Japan), Fuji Electric (Japan), STMicroelectronics (Switzerland), Mikros Technologies (United States) and Renesas Electronics (Japan) |
CAGR | 21.9% |
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions in order to maintain their presence in the market Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global EV IGBT Modules Heatsink market throughout the predicted period.
Advanced Thermal Solutions (United States), Semikron (Germany), DAU (Austria), Texas Instruments (United States), Dana (United States), Senior Flexonics (United States), Amulaire Inc. (United States), Wieland Microcool (United States), Infineon (Germany), Hitachi (Japan), Mitsubishi Electric (Japan), Fuji Electric (Japan), STMicroelectronics (Switzerland), Mikros Technologies (United States) and Renesas Electronics (Japan) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global EV IGBT Modules Heatsink market by Type , by Application (EV and HEV) and Region with country level break-up.
On the basis of geography, the market of EV IGBT Modules Heatsink has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In September 2023, BorgWarner acquired ThermalTech, a manufacturer of high-performance heat sinks for EVs and hybrid vehicles. This acquisition expands BorgWarner's thermal management portfolio and enhances its capabilities in the rapidly growing EV market.
In December 2023, ElcoTherm launched its Ultra-Compact EV IGBT Heatsink series, designed for space-constrained applications. These heatsinks offer high thermal performance in a small footprint, ideal for motorcycles and scooters.
Influencing Trend:
High Adoption of AlSiC Material for Manufacturing of Heatsinks Due to Its Better Performance and Remove Heat in IGBT Modules and Emerging Trends for the Development of Next-Generation Si IGBT Including Recessed-Emitter-Trench IGBT, Reverse-Conduction-IGBT, and Smart IGBT for EV/HEV
Market Growth Drivers:
Consumer Preference Towards the Battery Electric Vehicles Due to Increasing Awareness About Environmental Concerns and Demand for Sustainable Vehicles and Demand for Direct Liquid Cooling IGBT modules for Automotive Application as It helps to Significantly Reduce Temperature Around 50% and Improves Reliability and Lifetime
Challenges:
Less Adoption of Air-Cooled Heatsink for EV/HEV Applications and Presence of Multiple Vendors in the Market
Restraints:
Inadequate EV Charging Infrastructure in Some Countries Can Limit the Adoption of Electric Vehicles and May Hamper the Growth of EV IGBT Modules Heatsink and Fluctuation in the Raw Material Prices Due to Covid-19 Pandemic and Russia-Ukraine War
Opportunities:
Robust Growth of Battery Electric Vehicles in the European Countries Especially in Germany, France, and the United Kingdom and Rising Adoption of Electric Passenger Vehicles Will Create Significant Opportunities for the Market
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, EV IGBT Modules Heatsink Manufacturers, EV IGBT Modules Heatsink Suppliers & Distributors, Raw Material Manufacturers and Suppliers, Venture Capitalists and Private Equity Firms, Regulatory Bodies, End Users and Others