
Global Electric Vehicle Power Inverter Market Forecast 2024-2032
Description
Global Electric Vehicle Power Inverter Market Forecast 2024-2032
KEY FINDINGS
The global electric vehicle power inverter market is projected to register a CAGR of 14.36% during the forecast period, 2024-2032. The key growth drivers attributed are technological advancements in power inverter manufacturing, growing adoption of electric vehicles, and government regulations & initiatives.
MARKET INSIGHTS
Power inverters in electric vehicles play a crucial role in the process of electrifying transportation, serving as essential devices that convert direct current (DC) from the vehicle's battery into alternating current (AC) to power the electric motor. The performance and efficiency of electric vehicles heavily rely on these power inverters. With the automotive industry worldwide undergoing a significant transition toward sustainable and electric mobility, the market for electric vehicle power inverters is witnessing substantial growth.
Further, the global uptake of electric vehicles has been propelled by a rising awareness of environmental concerns and an increasing focus on sustainable transportation solutions. This heightened demand for EVs is a key factor driving the expansion of the electric vehicle power inverter market. Inverters play a pivotal role in the effective operation of electric drivetrains, as they are tasked with converting the direct current (DC) power from the vehicle's battery into alternating current (AC) power. This converted power is then utilized to drive the electric motor, ensuring optimal performance and efficiency. As a result, inverters stand as a crucial component in the realm of electric vehicles.
REGIONAL INSIGHTS
The global electric vehicle power inverter market growth assessment includes the geographical analysis of China, South Korea, Germany, France, Japan, and the United States. China is the fastest-growing country in the global market, given the surge in electric mobility adoption.
COMPETITIVE INSIGHTS
Existing firms and newcomers vie for a portion of the market, leading to continuous technological innovations. Some of the leading companies in the market include Denso Corporation, Valeo Group, BorgWarner Inc, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Table of Contents
296 Pages
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Country Snapshot
- 2.3. Country Analysis
- 2.4. Scope Of Study
- 2.5. Crisis Scenario Analysis
- 2.5.1. Impact Of Covid-19 On Electric Vehicle Power Inverter Market
- 2.6. Major Market Findings
- 2.6.1. Increasing Efficiency Of Power Inverters
- 2.6.2. Oem Integration And Collaboration To Drive Innovation And Efficiency
- 2.6.3. Companies Focusing On Manufacturing Efficient & Cost-effective Inverters
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Rising Adoption Of Electric Vehicles
- 3.1.2. Government Initiatives And Regulations
- 3.1.3. Technological Advancements In Power Inverter Manufacturing
- 3.2. Key Restraints
- 3.2.1. Balancing Efficiency And Affordability Of Semiconductors In Ev Power Inverters
- 3.2.2. Strict Implementation Of Functional Safety Requirements Of Inverters
- 4. Key Analytics
- 4.1. Key Technology Trends
- 4.1.1. Growing Incorporation Of Sic And Gan In Power Inverters
- 4.1.2. Rising Focus On In-house Production
- 4.1.3. Multi-motor Configurations
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Buyers Power
- 4.2.2. Suppliers Power
- 4.2.3. Substitution
- 4.2.4. New Entrants
- 4.2.5. Industry Rivalry
- 4.3. Growth Prospect Mapping
- 4.4. Market Maturity Analysis
- 4.5. Market Concentration Analysis
- 4.6. Value Chain Analysis
- 4.6.1. Raw Materials/Component Suppliers
- 4.6.2. Installation And Integration
- 4.6.3. Partnerships And Collaborations
- 4.7. Key Buying Criteria
- 4.7.1. Battery Type And Voltage
- 4.7.2. Power Output
- 4.7.3. Efficiency
- 4.7.4. Cost
- 5. Market By Propulsion Type
- 5.1. Hybrid Electric Vehicle
- 5.1.1. Market Forecast Figure
- 5.1.2. Segment Analysis
- 5.2. Plug-in Hybrid Vehicle
- 5.2.1. Market Forecast Figure
- 5.2.2. Segment Analysis
- 5.3. Battery Electric Vehicle
- 5.3.1. Market Forecast Figure
- 5.3.2. Segment Analysis
- 5.4. Fuel Cell Electric Vehicle
- 5.4.1. Market Forecast Figure
- 5.4.2. Segment Analysis
- 6. Market By Vehicle Type
- 6.1. Passenger Car
- 6.1.1. Market Forecast Figure
- 6.1.2. Segment Analysis
- 6.2. Commercial Vehicle
- 6.2.1. Market Forecast Figure
- 6.2.2. Segment Analysis
- 6.3. Other Vehicle Types
- 6.3.1. Market Forecast Figure
- 6.3.2. Segment Analysis
- 7. Market By Inverter Type
- 7.1. Traction Inverter
- 7.1.1. Market Forecast Figure
- 7.1.2. Segment Analysis
- 7.2. Soft Switching Inverter
- 7.2.1. Market Forecast Figure
- 7.2.2. Segment Analysis
- 8. Market By Distribution Channel
- 8.1. Oem
- 8.1.1. Market Forecast Figure
- 8.1.2. Segment Analysis
- 8.2. Aftermarket
- 8.2.1. Market Forecast Figure
- 8.2.2. Segment Analysis
- 9. Market By Inverter Power
- 9.1. <50 Kw
- 9.1.1. Market Forecast Figure
- 9.1.2. Segment Analysis
- 9.2. 50-100 Kw
- 9.2.1. Market Forecast Figure
- 9.2.2. Segment Analysis
- 9.3. 100-200 Kw
- 9.3.1. Market Forecast Figure
- 9.3.2. Segment Analysis
- 9.4. >200 Kw
- 9.4.1. Market Forecast Figure
- 9.4.2. Segment Analysis
- 10. Geographical Analysis
- 10.1. China
- 10.1.1. China Electric Vehicle Power Inverter Market Size & Opportunities
- 10.2. Germany
- 10.2.1. Germany Electric Vehicle Power Inverter Market Size & Opportunities
- 10.3. United States
- 10.3.1. United States Electric Vehicle Power Inverter Market Size & Opportunities
- 10.4. Japan
- 10.4.1. Japan Electric Vehicle Power Inverter Market Size & Opportunities
- 10.5. France
- 10.5.1. France Electric Vehicle Power Inverter Market Size & Opportunities
- 10.6. South Korea
- 10.6.1. South Korea Electric Vehicle Power Inverter Market Size & Opportunities
- 10.7. Rest Of World
- 10.7.1. Regional Analysis
- 10.7.1.1. India
- 10.7.1.1.1. India Electric Vehicle Power Inverter Market Analysis
- 10.7.1.2. Italy
- 10.7.1.2.1. Italy Electric Vehicle Power Inverter Market Analysis
- 10.7.1.3. United Kingdom
- 10.7.1.3.1. United Kingdom Electric Vehicle Power Inverter Market Analysis
- 10.7.1.4. Spain
- 10.7.1.4.1. Spain Electric Vehicle Power Inverter Market Analysis
- 10.7.1.5. Norway
- 10.7.1.5.1. Norway Electric Vehicle Power Inverter Market Analysis
- 10.7.1.6. Sweden
- 10.7.1.6.1. Sweden Electric Vehicle Power Inverter Market Analysis
- 11. Competitive Landscape
- 11.1. Key Strategic Developments
- 11.1.1. Mergers & Acquisitions
- 11.1.2. Product Launches & Developments
- 11.1.3. Partnerships & Agreements
- 11.1.4. Business Expansions & Divestitures
- 11.2. Company Profiles
- 11.2.1. Continental Ag
- 11.2.1.1. Company Overview
- 11.2.1.2. Products List
- 11.2.1.3. Strengths & Challenges
- 11.2.2. Robert Bosch Gmbh
- 11.2.2.1. Company Overview
- 11.2.2.2. Products List
- 11.2.2.3. Strengths & Challenges
- 11.2.3. Denso Corporation
- 11.2.3.1. Company Overview
- 11.2.3.2. Products List
- 11.2.3.3. Strengths & Challenges
- 11.2.4. Eaton Corporation Plc
- 11.2.4.1. Company Overview
- 11.2.4.2. Products List
- 11.2.4.3. Strengths & Challenges
- 11.2.5. Borgwarner Inc
- 11.2.5.1. Company Overview
- 11.2.5.2. Products List
- 11.2.5.3. Strengths & Challenges
- 11.2.6. Marelli Corporation
- 11.2.6.1. Company Overview
- 11.2.6.2. Products List
- 11.2.6.3. Strengths & Challenges
- 11.2.7. Infineon Technologies
- 11.2.7.1. Company Overview
- 11.2.7.2. Products List
- 11.2.7.3. Strengths & Challenges
- 11.2.8. Zf Friedrichshafen Ag
- 11.2.8.1. Company Overview
- 11.2.8.2. Products List
- 11.2.8.3. Strengths & Challenges
- 11.2.9. Vitesco Technologies Group Ag
- 11.2.9.1. Company Overview
- 11.2.9.2. Products List
- 11.2.9.3. Strengths & Challenges
- 11.2.10. Valeo Group
- 11.2.10.1. Company Overview
- 11.2.10.2. Products List
- 11.2.10.3. Strengths & Challenges
- 11.2.11. Mitsubishi Electric Corporation
- 11.2.11.1. Company Overview
- 11.2.11.2. Products List
- 11.2.11.3. Strengths & Challenges
- 11.2.12. Toyota Industries Corporation
- 11.2.12.1. Company Overview
- 11.2.12.2. Products List
- 11.2.13. Lg Magna E-powertrain
- 11.2.13.1. Company Overview
- 11.2.13.2. Products List
- 11.2.14. Drive System Design Ltd
- 11.2.14.1. Company Overview
- 11.2.14.2. Products List
- 11.2.15. Hitachi Astemo Ltd
- 11.2.15.1. Company Overview
- 11.2.15.2. Products List
- 11.2.16. Sungchang Autotech Co Ltd
- 11.2.16.1. Company Overview
- 11.2.16.2. Products List
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