📊Executive Summary

The xEV power-device market is projected to double to $14.5 billion by 2031, with significant growth driven by the transition to higher voltage architectures and the increasing adoption of SiC and GaN technologies. China is rapidly developing a robust power-electronics supply chain, which poses competitive challenges. The article highlights the trend of OEMs bringing traction inverter production in-house and the consolidation among Tier-1 suppliers. This shift indicates a need for procurement teams to reassess their supplier strategies and consider the implications of regional supply chain dynamics....