
US Automotive Traction Inverters Market Size study, by Propulsion Type (BEV, HEV, PHEV) by Output Power (Less Than or Equal to 130 kW, More Than 130 kW), by Semiconductor Material (Gallium Nitride (GaN), Silicon (Si), Silicon Nitride (SiC)) by Technology
Description
US Automotive Traction Inverters Market Size study, by Propulsion Type (BEV, HEV, PHEV) by Output Power (Less Than or Equal to 130 kW, More Than 130 kW), by Semiconductor Material (Gallium Nitride (GaN), Silicon (Si), Silicon Nitride (SiC)) by Technology Type (IGBT, MOSFET), by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles) Forecasts 2022-2032
US Automotive Traction Inverters Market is valued approximately USD 1.18 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 16.87% over the forecast period 2024-2032. An automotive traction inverter is a vital component in electric and hybrid vehicles. It converts the direct current (DC) from the vehicle's battery pack into alternating current (AC) to power the electric motor or motors. This conversion is essential for managing the motor's speed and torque, ensuring the vehicle operates efficiently and smoothly. Additionally, traction inverters are integral to regenerative braking systems, where they convert the kinetic energy generated during braking back into electrical energy, which can then be stored in the battery pack for future use. Automakers in the US are placing a strong emphasis on improving the performance and efficiency of electric vehicles. This trend is driving the development of more advanced traction inverters capable of delivering higher power output, faster response times, and greater energy efficiency, enhancing the overall driving experience.
The United States is experiencing a rapid increase in the adoption of electric vehicles, driven by factors such as environmental concerns, government incentives, and improvements in battery technology. This surge in EV adoption directly correlates with the demand for automotive traction inverters, which are essential components of electric drivetrains. Moreover, Government incentives, such as tax credits and subsidies for electric vehicle purchases, and stringent emissions regulations are driving automakers to invest in electric and hybrid vehicles, thus boosting the demand for traction inverters. Thus, rising electric vehicles adoption in the region is fostering market growth. Furthermore, US Automotive Traction Inverters Market is driven by focus on domestic manufacturing and rising technological advancement in the inverters. However, high cost of inverters and availability of substitutes technology stifle market growth between 2022 and 2032.
Major market player included in this report are:
Tesla, Inc.
General Motors (GM)
Ford Motor Company
Lucid Motors
BorgWarner Inc
Company 6
Company 7
Company 8
Company 9
Company 10
The detailed segments and sub-segment of the market are explained below:
By Propulsion Type
BEV
HEV
PHEV
By Output Power
Less Than or Equal to 130 kW
More Than 130 kW
By Semiconductor Material:
Gallium Nitride (GaN)
Silicon (Si)
Silicon Nitride (SiC)
By Technology Type:
IGBT
MOSFET
By Vehicle Type:
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and Country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Table of Contents
200 Pages
- Chapter 1. US Automotive Traction Inverters Market Definition and Research Assumptions
- 1.1. Research Objective
- 1.2. Market Definition
- 1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
- 1.3.3.1. Availability
- 1.3.3.2. Infrastructure
- 1.3.3.3. Regulatory Environment
- 1.3.3.4. Market Competition
- 1.3.3.5. Economic Viability (Consumer’s Perspective)
- 1.3.4. Demand Side Analysis
- 1.3.4.1. Regulatory frameworks
- 1.3.4.2. Technological Advancements
- 1.3.4.3. Environmental Considerations
- 1.3.4.4. Consumer Awareness & Acceptance
- 1.4. Estimation Methodology
- 1.5. Years Considered for the Study
- 1.6. Currency Conversion Rates
- Chapter 2. Executive Summary
- 2.1. US Automotive Traction Inverters Market Size & Forecast (2022- 2032)
- 2.2. Segmental Summary
- 2.2.1. By Propulsion Type
- 2.2.2. By Output Power
- 2.2.3. By Semiconductor Material
- 2.2.4. By Technology Type
- 2.2.5. By Vehicle Type
- 2.3. Key Trends
- 2.4. Recession Impact
- 2.5. Analyst Recommendation & Conclusion
- Chapter 3. US Automotive Traction Inverters Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Challenges
- 3.3. Market Opportunities
- Chapter 4. US Automotive Traction Inverters Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model
- 4.1.7. Porter’s 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
- Chapter 5. US Automotive Traction Inverters Market Size & Forecasts by Propulsion Type 2022-2032
- 5.1. BEV
- 5.2. HEV
- 5.3. PHEV
- Chapter 6. US Automotive Traction Inverters Market Size & Forecasts by Output Power 2022-2032
- 6.1. Less Than or Equal to 130 kW
- 6.2. More Than 130 kW
- Chapter 7. US Automotive Traction Inverters Market Size & Forecasts by Semiconductor Material 2022-2032
- 7.1. Gallium Nitride (GaN)
- 7.2. Silicon (Si)
- 7.3. Silicon Nitride (SiC)
- Chapter 8. US Automotive Traction Inverters Market Size & Forecasts by Technology Type 2022-2032
- 8.1. IGBT
- 8.2. MOSFET
- Chapter 9. US Automotive Traction Inverters Market Size & Forecasts by Vehicle Type 2022-2032
- 9.1. Passenger Vehicles
- 9.2. Light Commercial Vehicles
- 9.3. Heavy Commercial Vehicles
- Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Tesla, Inc.
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Market Strategies
- 10.3.2. General Motors (GM)
- 10.3.3. Ford Motor Company
- 10.3.4. Lucid Motors
- 10.3.5. BorgWarner Inc
- 10.3.6. Company 6
- 10.3.7. Company 7
- 10.3.8. Company 8
- 10.3.9. Company 9
- 10.3.10. Company 10
- Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- List of Tables
- TABLE 1. US Automotive Traction Inverters market, report scope
- TABLE 2. US Automotive Traction Inverters market estimates & forecasts by Propulsion Type 2022-2032 (USD Billion)
- TABLE 3. US Automotive Traction Inverters market estimates & forecasts by Output Power 2022-2032 (USD Billion)
- TABLE 4. US Automotive Traction Inverters market estimates & forecasts by Semiconductor Material 2022-2032 (USD Billion)
- TABLE 5. US Automotive Traction Inverters market estimates & forecasts by Technology Type 2022-2032 (USD Billion)
- TABLE 6. US Automotive Traction Inverters market estimates & forecasts by Vehicle Type 2022-2032 (USD Billion)
- TABLE 7. US Automotive Traction Inverters market by segment, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 8. US Automotive Traction Inverters market by segment, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 9. US Automotive Traction Inverters market by segment, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 10. US Automotive Traction Inverters market by segment, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 11. US Automotive Traction Inverters market by segment, estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 12. U.S. Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
- TABLE 13. U.S. Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
- TABLE 14. U.S. Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
- TABLE 15. List of secondary sources, used in the study of US Automotive Traction Inverters Market.
- TABLE 16. List of primary sources, used in the study of US Automotive Traction Inverters Market.
- TABLE 17. Years considered for the study.
- TABLE 18. Exchange rates considered
- List of figures
- FIGURE 1. US Automotive Traction Inverters market, research methodology
- FIGURE 2. US Automotive Traction Inverters market, market estimation techniques
- FIGURE 3. US market size estimates & forecast methods.
- FIGURE 4. US Automotive Traction Inverters market, key trends 2023
- FIGURE 5. US Automotive Traction Inverters market, growth prospects 2022-2032
- FIGURE 6. US Automotive Traction Inverters market, porters 5 force model
- FIGURE 7. US Automotive Traction Inverters market, pestel analysis
- FIGURE 8. US Automotive Traction Inverters market, value chain analysis
- FIGURE 9. US Automotive Traction Inverters market by segment, 2022 & 2032 (USD Billion)
- FIGURE 10. US Automotive Traction Inverters market by segment, 2022 & 2032 (USD Billion)
- FIGURE 11. US Automotive Traction Inverters market by segment, 2022 & 2032 (USD Billion)
- FIGURE 12. US Automotive Traction Inverters market by segment, 2022 & 2032 (USD Billion)
- FIGURE 13. US Automotive Traction Inverters market by segment, 2022 & 2032 (USD Billion)
- FIGURE 14. US Automotive Traction Inverters market, company market share analysis (2023)
Pricing
Currency Rates
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