Global Hybrid Electric Vehicle Traction Inverter Market Growth 2025-2031

The global Hybrid Electric Vehicle Traction Inverter market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

In the context of electric vehicles, a traction inverter is an essential power electronic device. Traction inverters convert dc power from an on-board high voltage (HV) battery into ac power to drive the main motor or motors of an electric vehicle.

United States market for Hybrid Electric Vehicle Traction Inverter is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Hybrid Electric Vehicle Traction Inverter is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Hybrid Electric Vehicle Traction Inverter is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Hybrid Electric Vehicle Traction Inverter players cover Toyota Industries, Danfoss, Bosch, Mitsubishi Electric, Nidec Corporation, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Hybrid Electric Vehicle Traction Inverter Industry Forecast” looks at past sales and reviews total world Hybrid Electric Vehicle Traction Inverter sales in 2024, providing a comprehensive analysis by region and market sector of projected Hybrid Electric Vehicle Traction Inverter sales for 2025 through 2031. With Hybrid Electric Vehicle Traction Inverter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hybrid Electric Vehicle Traction Inverter industry.

This Insight Report provides a comprehensive analysis of the global Hybrid Electric Vehicle Traction Inverter landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hybrid Electric Vehicle Traction Inverter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hybrid Electric Vehicle Traction Inverter market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hybrid Electric Vehicle Traction Inverter and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hybrid Electric Vehicle Traction Inverter.

This report presents a comprehensive overview, market shares, and growth opportunities of Hybrid Electric Vehicle Traction Inverter market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
<100kW
100-200kW
>200kW

Segmentation by Application:
Passenger Car
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Toyota Industries
Danfoss
Bosch
Mitsubishi Electric
Nidec Corporation
Eaton Corporation
Denso
Hitachi Astemo
Hyundai Mobis
Marelli
DANA TM4
LG Magna e-Powertrain
Continental

Key Questions Addressed in this Report

What is the 10-year outlook for the global Hybrid Electric Vehicle Traction Inverter market?

What factors are driving Hybrid Electric Vehicle Traction Inverter market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Hybrid Electric Vehicle Traction Inverter market opportunities vary by end market size?

How does Hybrid Electric Vehicle Traction Inverter break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.