| Product Code: ETC10157548 | Publication Date: Apr 2025 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Between 2020 and 2024, Iceland`s power electronics for EVs import market demonstrated a Compound Annual Growth Rate (CAGR) of 21.96%. Notably, in 2023-2024, the year-on-year growth rate slightly decreased by -2.45%. Overall, this period saw a steady increase in imports, with the market showing resilience despite a minor decline in the final year.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Iceland Power Electronics for EVs Market Overview |
3.1 Iceland Country Macro Economic Indicators |
3.2 Iceland Power Electronics for EVs Market Revenues & Volume, 2022 & 2032F |
3.3 Iceland Power Electronics for EVs Market - Industry Life Cycle |
3.4 Iceland Power Electronics for EVs Market - Porter's Five Forces |
3.5 Iceland Power Electronics for EVs Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Iceland Power Electronics for EVs Market Revenues & Volume Share, By Vehicle Type, 2022 & 2032F |
3.7 Iceland Power Electronics for EVs Market Revenues & Volume Share, By Component, 2022 & 2032F |
3.8 Iceland Power Electronics for EVs Market Revenues & Volume Share, By End Use, 2022 & 2032F |
4 Iceland Power Electronics for EVs Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles (EVs) in Iceland |
4.2.2 Government initiatives and incentives to promote EV adoption |
4.2.3 Growing focus on sustainability and reduction of carbon emissions |
4.3 Market Restraints |
4.3.1 High initial cost of power electronics for EVs |
4.3.2 Limited charging infrastructure for EVs in Iceland |
4.3.3 Technological challenges in developing efficient power electronics solutions |
5 Iceland Power Electronics for EVs Market Trends |
6 Iceland Power Electronics for EVs Market, By Types |
6.1 Iceland Power Electronics for EVs Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Iceland Power Electronics for EVs Market Revenues & Volume, By Type, 2022 - 2032F |
6.1.3 Iceland Power Electronics for EVs Market Revenues & Volume, By Inverter, 2022 - 2032F |
6.1.4 Iceland Power Electronics for EVs Market Revenues & Volume, By Converter, 2022 - 2032F |
6.1.5 Iceland Power Electronics for EVs Market Revenues & Volume, By Onboard Charger, 2022 - 2032F |
6.1.6 Iceland Power Electronics for EVs Market Revenues & Volume, By Power Modules, 2022 - 2032F |
6.2 Iceland Power Electronics for EVs Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 Iceland Power Electronics for EVs Market Revenues & Volume, By Battery Electric Vehicle (BEV), 2022 - 2032F |
6.2.3 Iceland Power Electronics for EVs Market Revenues & Volume, By Plug-in Hybrid (PHEV), 2022 - 2032F |
6.2.4 Iceland Power Electronics for EVs Market Revenues & Volume, By Hybrid Electric Vehicle (HEV), 2022 - 2032F |
6.2.5 Iceland Power Electronics for EVs Market Revenues & Volume, By Fuel Cell Electric Vehicle (FCEV), 2022 - 2032F |
6.3 Iceland Power Electronics for EVs Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 Iceland Power Electronics for EVs Market Revenues & Volume, By Power Module, 2022 - 2032F |
6.3.3 Iceland Power Electronics for EVs Market Revenues & Volume, By Power IC, 2022 - 2032F |
6.3.4 Iceland Power Electronics for EVs Market Revenues & Volume, By Discrete Devices, 2022 - 2032F |
6.3.5 Iceland Power Electronics for EVs Market Revenues & Volume, By Sensors, 2022 - 2032F |
6.4 Iceland Power Electronics for EVs Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Iceland Power Electronics for EVs Market Revenues & Volume, By Passenger Vehicles, 2022 - 2032F |
6.4.3 Iceland Power Electronics for EVs Market Revenues & Volume, By Commercial Vehicles, 2022 - 2032F |
6.4.4 Iceland Power Electronics for EVs Market Revenues & Volume, By Public Transport, 2022 - 2032F |
6.4.5 Iceland Power Electronics for EVs Market Revenues & Volume, By Industrial Vehicles, 2022 - 2032F |
7 Iceland Power Electronics for EVs Market Import-Export Trade Statistics |
7.1 Iceland Power Electronics for EVs Market Export to Major Countries |
7.2 Iceland Power Electronics for EVs Market Imports from Major Countries |
8 Iceland Power Electronics for EVs Market Key Performance Indicators |
8.1 Average charging time for EVs in Iceland |
8.2 Number of public charging stations installed |
8.3 Efficiency improvement of power electronics for EVs |
8.4 Adoption rate of EVs in Iceland |
8.5 Investment in research and development for power electronics technologies |
9 Iceland Power Electronics for EVs Market - Opportunity Assessment |
9.1 Iceland Power Electronics for EVs Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Iceland Power Electronics for EVs Market Opportunity Assessment, By Vehicle Type, 2022 & 2032F |
9.3 Iceland Power Electronics for EVs Market Opportunity Assessment, By Component, 2022 & 2032F |
9.4 Iceland Power Electronics for EVs Market Opportunity Assessment, By End Use, 2022 & 2032F |
10 Iceland Power Electronics for EVs Market - Competitive Landscape |
10.1 Iceland Power Electronics for EVs Market Revenue Share, By Companies, 2025 |
10.2 Iceland Power Electronics for EVs Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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