JAPAN ELECTRIC VEHICLE POWER INVERTER MARKET FORECAST 2024-2032

For instance, in January 2023, Renesas Electronics Corporation, a leading provider of semiconductor solutions, unveiled a groundbreaking gate driver IC designed to augment the efficiency of electric vehicle (EV) inverters in Japan. Tailored for high-voltage power devices such as IGBTs and SiC MOSFETs—integral components in EV inverters—this innovative gate driver IC serves as a critical interface linking the inverter control MCU and power devices.

Renesas Electronics’ breakthrough assures dependable communication, enhanced noise immunity, and rapid power device switching, effectively addressing the distinctive challenges posed by high voltages and swift switching speeds inherent in EV inverter systems. This advancement aligns seamlessly with Japan’s unwavering commitment to pioneering electric mobility technologies. Furthermore, the compact form factor of this solution positions it as an optimal choice for cost-effective inverter systems, aligning with Japan’s dedication to innovation and efficiency in the electric vehicle sector.

The Japan electric vehicle power inverter market segmentation includes distribution channel, inverter type, propulsion type, vehicle type, and inverter power. The propulsion type segment includes fuel cell electric vehicle, hybrid electric vehicle, battery electric vehicle, and plug-in hybrid vehicle.

A vehicle propelled by an electric motor, drawing power from fuel cells in a process known as a fuel cell electric vehicle (FCEV), represents a distinct category within the broader classification of electric cars. While FCEVs share the overarching characteristic of electric propulsion with other electric vehicles, the means by which they generate power differ significantly. The integral component of FCEVs, the fuel cell, engages in an electrochemical process to convert hydrogen gas and atmospheric oxygen into electricity.

Hydrogen gas stands as the primary fuel source for FCEVs, stored in high-pressure tanks within the vehicle. Subsequently, this hydrogen is directed through membranes to facilitate the separation of hydrogen ions and electrons. Within the fuel cell, electrons react with oxygen from the air, resulting in the generation of electrical energy. FCEVs, like their electric counterparts, do not emit pollutants through exhaust during operation. The byproducts of the fuel cell reaction are limited to heat and water vapor, rendering them environmentally benign and conducive to improved air quality. Generally, FCEVs boast a longer travel range compared to battery-electric vehicles.

Similar to Battery Electric Vehicles (BEVs), FCEVs rely on an electric motor that necessitates alternating current (AC) for propulsion. The fuel cell produces electricity in the form of direct current (DC). The efficacy of controlling the electric motor’s speed, torque, and overall performance primarily rests on the capabilities of the power inverter. By modulating the frequency and amplitude of the AC power supplied to the motor, the inverter ensures precise control over the vehicle’s acceleration, deceleration, and responsiveness.

Some of the key players operating in the Japan electric vehicle power inverter market are DENSO Corporation, Toyota Industries Corporation, Mitsubishi Electric Corporation, etc.

Mitsubishi Electric Corporation is a manufacturer specializing in appliances, electrical, and electronics products. The company provides a diverse range of offerings encompassing air conditioning systems, automotive equipment, elevators & escalators, energy systems, factory automation systems, public systems, space systems, transportation systems, semiconductors & devices, as well as AI, IoT, eco, innovation, and digital solutions.

With a widespread international footprint, Mitsubishi Electric Corporation conducts business operations across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region. The company’s headquarters are located in Tokyo, Japan.