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Vehicle Inverters Market Propulsion Type (BEV, HEV, and PHEV), Output Power Type (<=130 kW and >130 kW), Technology Type (IGBT and MOSFET), Semiconductor Materials Type (GaN, Si, and SiC), By Vehicle Type (PC and CV), and Region - Global Forecast to 2025

Vehicle Inverters Market Propulsion Type (BEV, HEV, and PHEV), Output Power Type (<=130 kW and >130 kW), Technology Type (IGBT and MOSFET), Semiconductor Materials Type (GaN, Si, and SiC), By Vehicle Type (PC and CV), and Region - Global Forecast to 2025

“Strict government regulations regarding carbon emissions and an increase in sales of electric vehicles have driven the vehicle inverters market globally.”
The global vehicle inverters market is estimated to grow from USD 2.5 billion in 2018 at a CAGR of 17.57% to reach USD 7.7 billion by 2025. With a huge emphasis on the environmental norms, the electric vehicle market has seen decent growth, and this has led to a growth in its adjacent markets. However, improvement in electronic units in vehicles is challenged by the rising faults and malfunctioning of various units such as controllers, sensors, and capacitors. For example, the failure of DC link capacitors or any IGBT power device can cause an inverter to generate faulty torques at the wheels, causing unsafe driving conditions.

“Increasing adoption of EVs in the automotive industry is expected to drive the BEV-based vehicle inverters market.”
The BEV-based vehicle inverters market is the fastest and the largest growing segment of the vehicle inverters market. BEVs are considered as zero-emission vehicles. The rebates from the governments on ZEV’s (Zero-Emission Vehicles) purchase can help to increase the BEV sales. Hence, the sale of BEVs is expected to increase in the coming years, which will drive the BEV-based vehicle inverters market.

“IGBT-based vehicle inverters market is projected to be the largest market during the forecast period.”
Heavy investments by vehicle manufacturers in the research and development of the electrification of vehicles is contributing to the growth of the vehicle inverters market. IGBT-based vehicle inverters can withstand high voltage as the newer version of electric vehicles needs to have higher output capacity. The IGBT market is projected to grow due to the growing demand for electric vehicles that require high power efficiency and faster switching capabilities. Hence, IGBT-based vehicle inverters market, by technology type (power module), is projected to be the largest.

“North America is expected to be the second largest market during the forecast period.”
Asia Pacific is estimated to be the largest automotive market followed by North America and Europe. North America is home to leading vehicle manufacturers such as Ford Motors, General Motors, and Tesla. The North American automotive industry has witnessed rapid development because of favorable policies adopted by the government in the manufacturing sector. The US is estimated to account for the largest share of the North American vehicle inverters market during the forecast period. The US automotive industry is highly inclined toward innovation, technology, and development of carbon emission free vehicles. Factors such as stringent emission norms and rising technological advancements in the manufacturing of environment friendly vehicles are expected to propel the North American vehicle inverters market.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the vehicle inverters market.

By Company Type: OEM - 11% Tier I - 42%, Tier II - 37%, and Tier III - 10%
By Designation: C Level - 40%, D Level - 35%, and Others - 25%
By Region: North America - 25%, Europe - 40%, and Asia Pacific - 35%

The vehicle inverters market comprises major manufacturers such as Denso (Japan), Delphi Technologies (UK), Continental AG (Germany), Mitsubishi Electric Corporation (Japan), Toshiba (Japan), and Hitachi (Japan).

Research Coverage:
The market study covers the vehicle inverters market across different segments. It aims at estimating the market size and future growth potential of this market across different segments such as by propulsion type, technology type (power module), semiconductor materials type, output power type, vehicle type, and region. The study also includes an in-depth competitive analysis of the key players in the market along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall vehicle inverters market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
      • Table CURRENCY EXCHANGE RATES (WRT USD)
    • PACKAGE SIZE
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
    • SECONDARY DATA
      • KEY SECONDARY SOURCES
      • KEY DATA FROM SECONDARY SOURCES
    • PRIMARY DATA
      • SAMPLING TECHNIQUES & DATA COLLECTION METHODS
      • PRIMARY PARTICIPANTS
      • KEY DATA FROM PRIMARY SOURCES
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE VEHICLE INVERTERS MARKET
    • VEHICLE INVERTERS MARKET, BY REGION
    • VEHICLE INVERTERS MARKET, BY COUNTRY
    • VEHICLE INVERTERS MARKET, BY OUTPUT POWER
    • VEHICLE INVERTERS MARKET, BY TECHNOLOGY (POWER MODULE)
    • VEHICLE INVERTERS MARKET, BY PROPULSION TYPE
    • VEHICLE INVERTERS MARKET, BY SEMICONDUCTOR MATERIALS TYPE
    • VEHICLE INVERTERS MARKET, BY VEHICLE TYPE
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • TECHNOLOGY OVERVIEW
      • DEVELOPMENT OF MULTILEVEL INVERTERS FOR EV APPLICATIONS
      • NEW SEMICONDUCTOR MATERIALS: SILICON CARBIDE AND GALLIUM NITRIDE
      • EMERGENCE OF ADVANCED VEHICLE INVERTERS IN ELECTRIC VEHICLES
    • REGULATORY OVERVIEW
    • VALUE CHAIN ANALYSIS
  • ELECTRIC VEHICLE INVERTERS MARKET, BY PROPULSION TYPE
    • INTRODUCTION
    • RESEARCH METHODOLOGY
      • Table VEHICLE INVERTERS MARKET SIZE, BY PROPULSION TYPE, 2016–2025 (`000 UNITS)
      • Table VEHICLE INVERTERS MARKET SIZE, BY PROPULSION TYPE, 2016–2025 (USD MILLION)
    • BATTERY ELECTRIC VEHICLE (BEV)
      • INCREASE IN SALES OF BEV WILL BOOST THE MARKET OF VEHICLE INVERTERS GLOBALLY
        • Table BATTERY ELECTRIC VEHICLE: VEHICLE INVERTERS MARKET SIZE, BY REGION, 2016–2025 (`000 UNITS)
        • Table BATTERY ELECTRIC VEHICLE: VEHICLE INVERTERS MARKET SIZE, BY REGION, 2016–2025 (USD MILLION)
    • HYBRID ELECTRIC VEHICLE (HEV)
      • RISE IN USAGE OF FULLY HYBRID VEHICLES WILL FUEL THE MARKET OF VEHICLE INVERTERS
        • Table HYBRID ELECTRIC VEHICLE: VEHICLE INVERTERS MARKET SIZE, BY REGION, 2016–2025 ('000 UNITS)
        • Table HYBRID ELECTRIC VEHICLE: VEHICLE INVERTERS MARKET SIZE, BY REGION, 2016–2025 (USD MILLION)
    • PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)
      • BETTER CHARGING INFRASTRUCTURE WILL DIRECTLY PROPEL THE VEHICLE INVERTERS MARKET
        • Table PLUG-IN HYBRID ELECTRIC VEHICLE: VEHICLE INVERTERS MARKET SIZE, BY REGION, 2016–2025 ('000 UNITS)
        • Table PLUG-IN HYBRID ELECTRIC VEHICLE: VEHICLE INVERTERS MARKET SIZE, BY REGION, 2016–2025 (USD MILLION)
    • KEY INDUSTRY INSIGHTS
  • ELECTRIC VEHICLE INVERTERS MARKET, BY TECHNOLOGY TYPE (POWER MODULE)
    • INTRODUCTION
    • RESEARCH METHODOLOGY
      • Table VEHICLE INVERTERS MARKET SIZE, BY TECHNOLOGY TYPE, 2016–2025 (000' UNITS)
      • Table VEHICLE INVERTERS MARKET SIZE, BY TECHNOLOGY TYPE, 2016–2025 (USD MILLION)
    • IGBT
      • IGBT PROVIDES FASTER SWITCHING CAPABILITIES AND SUITABLE FOR HIGH POWER APPLICATIONS
        • Table IGBT: VEHICLE INVERTERS MARKET SIZE, BY REGION, 2016–2025 (000' UNITS)
        • Table IGBT: VEHICLE INVERTERS MARKET SIZE, BY REGION, 2016–2025 (USD MILLION)
    • MOSFET
      • MOSFET HAS THE ADVANTAGES OF HIGHER COMMUTATION SPEED AND GREATER EFFICIENCY DURING OPERATION AT LOW VOLTAGES
        • Table MOSFET: VEHICLE INVERTERS MARKET SIZE, BY REGION, 2016–2025 (000' UNITS)
        • Table MOSFET: VEHICLE INVERTERS MARKET SIZE, BY REGION, 2016–2025 (USD MILLION)
    • KEY INDUSTRY INSIGHTS
  • ELECTRIC VEHICLE INVERTERS MARKET, BY SEMICONDUCTOR MATERIALS TYPE
    • INTRODUCTION
    • RESEARCH METHODOLOGY
      • Table VEHICLE INVERTERS MARKET SIZE, BY SEMICONDUCTOR MATERIALS TYPE, 2016–2025 (USD MILLION)
    • GALLIUM NITRIDE
      • GALLIUM NITRIDE SPECIALIZED SEMICONDUCTOR USUALLY USED IN OPTICAL ELECTRONICS
        • Table GALLIUM NITRIDE: VEHICLE INVERTERS MARKET SIZE, BY REGION, 2016–2025 (USD MILLION)
    • SILICON
      • SILICON DEVICES SUPPORTS HIGH FREQUENCY SWITCHING APPLICATIONS
        • Table SILICON: VEHICLE INVERTERS MARKET SIZE, BY REGION, 2016–2025 (USD MILLION)
    • SILICON CARBIDE
      • SILICON CARBIDE MATERIALS PROVIDE GREATER THERMAL MANAGEMENT FLEXIBILITY
        • Table SILICON CARBIDE: VEHICLE INVERTERS MARKET SIZE, BY REGION, 2016–2025 (USD MILLION)
    • KEY INDUSTRY INSIGHTS
  • ELECTRIC VEHICLE INVERTERS MARKET, BY OUTPUT POWER
    • INTRODUCTION
    • RESEARCH METHODOLOGY
      • Table VEHICLE INVERTERS MARKET SIZE, BY OUTPUT POWER, 2016–2025 (000' UNITS)
    • <
      • SUITABLE FOR FWD OR RWD WHEEL DRIVE VEHICLES
        • Table <= 130KW: VEHICLE INVERTERS MARKET SIZE, BY REGION, 2016–2025 (000' UNITS)
    • > 130 KW
      • BEST SUITED FOR AWD WHEEL DRIVE VEHICLES
        • Table > 130 KW: VEHICLE INVERTERS MARKET SIZE, BY REGION, 2016–2025 (000' UNITS)
    • KEY INDUSTRY INSIGHTS
  • VEHICLE INVERTERS MARKET, BY VEHICLE TYPE
    • INTRODUCTION
    • RESEARCH METHODOLOGY
      • Table VEHICLE INVERTERS MARKET, BY VEHICLE TYPE, 2016–2025 ('000 UNITS)
      • Table VEHICLE INVERTERS MARKET, BY VEHICLE TYPE, 2016–2025 (USD MILLION)
    • PASSENGER CARS
      • VEHICLE INVERTERS FIND APPLICATION IN LOWER POWER USAGE DEVICES IN PASSENGER CARS
        • Table PASSENGER CARS: VEHICLE INVERTERS MARKET, BY REGION, 2016–2025 ('000 UNITS)
        • Table PASSENGER CARS: VEHICLE INVERTERS MARKET, BY REGION, 2016–2025 (USD MILLION)
    • COMMERCIAL VEHICLES
      • VEHICLE INVERTERS ENABLE THE USAGE OF HOUSEHOLD ELECTRIC APPLIANCES IN COMMERCIAL VEHICLES
        • Table COMMERCIAL VEHICLES: VEHICLE INVERTERS MARKET, BY REGION, 2016–2025 ('000 UNITS)
        • Table COMMERCIAL VEHICLES: VEHICLE INVERTERS MARKET, BY REGION, 2016–2025 (USD MILLION)
    • KEY INDUSTRY INSIGHTS
  • ELECTRIC VEHICLE INVERTERS MARKET, BY REGION
    • INTRODUCTION
      • Table VEHICLE INVERTERS MARKET, BY REGION, 2016–2025 (`000 UNITS)
      • Table VEHICLE INVERTERS MARKET, BY REGION, 2016–2025 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: VEHICLE INVERTERS MARKET, BY COUNTRY, 2016–2025 (`000 UNITS)
      • Table ASIA PACIFIC: VEHICLE INVERTERS MARKET, BY COUNTRY, 2016–2025 (USD MILLION)
      • CHINA
        • Table CHINA: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (`000 UNITS)
        • Table CHINA: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (USD MILLION)
      • INDIA
        • Table INDIA: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (`000 UNITS)
        • Table INDIA: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (USD MILLION)
      • JAPAN
        • Table JAPAN: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (`000 UNITS)
        • Table JAPAN: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (`000 UNITS)
        • Table SOUTH KOREA: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: VEHICLE INVERTERS MARKET, BY COUNTRY, 2016–2025 (`000 UNITS)
      • Table NORTH AMERICA: VEHICLE INVERTERS MARKET, BY COUNTRY, 2016–2025 (USD MILLION)
      • CANADA
        • Table CANADA: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (`000 UNITS)
        • Table CANADA: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (USD MILLION)
      • MEXICO
        • Table MEXICO: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (`000 UNITS)
        • Table MEXICO: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (USD MILLION)
      • US
        • Table US: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (`000 UNITS)
        • Table US: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (USD MILLION)
    • EUROPE
      • Table EUROPE: VEHICLE INVERTERS MARKET, BY COUNTRY, 2016–2025 (`000 UNITS)
      • Table EUROPE: VEHICLE INVERTERS MARKET, BY COUNTRY, 2016–2025 (USD MILLION)
      • FRANCE
        • Table FRANCE: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (`000 UNITS)
        • Table FRANCE: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (USD MILLION)
      • GERMANY
        • Table GERMANY: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (`000 UNITS)
        • Table GERMANY: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (USD MILLION)
      • NETHERLANDS
        • Table NETHERLANDS: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 ('000 UNITS)
        • Table NETHERLANDS: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (USD MILLION)
      • NORWAY
        • Table NORWAY: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 ('000 UNITS)
        • Table NORWAY: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (USD MILLION)
      • SWEDEN
        • Table SWEDEN: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 ('000 UNITS)
        • Table SWEDEN: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (USD MILLION)
      • UK
        • Table UK: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 ('000 UNITS)
        • Table UK: VEHICLE INVERTERS MARKET, BY PROPULSION TYPE, 2016–2025 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS
    • COMPETITIVE SITUATIONS & TRENDS
      • NEW PRODUCT DEVELOPMENTS
        • Table NEW PRODUCT DEVELOPMENTS, 2015–2018
      • EXPANSIONS
        • Table EXPANSIONS, 2015–2018
      • PARTNERSHIPS/SUPPLY CONTRACTS/COLLABORATIONS/ JOINT VENTURES/AGREEMENTS/MERGERS & ACQUISITIONS
        • Table PARTNERSHIPS/SUPPLY CONTRACTS/COLLABORATIONS/JOINT VENTURES/ AGREEMENTS/MERGERS & ACQUISITIONS, 2015–2018
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
  • COMPANY PROFILES
    • DENSO
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
    • DELPHI TECHNOLOGIES
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
    • CONTINENTAL AG
      • BUSINESS OVERVIEW
      • PRODUCT OFFERINGS
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
    • ROBERT BOSCH GMBH
      • BUSINESS OVERVIEW
      • PRODUCT OFFERINGS
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
    • MITSUBISHI ELECTRIC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
    • HITACHI
      • BUSINESS OVERVIEW
      • PRODUCT OFFERINGS
      • RECENT DEVELOPMENTS
    • VALEO
      • BUSINESS OVERVIEW
      • PRODUCT OFFERINGS
      • RECENT DEVELOPMENTS
    • FUJI ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • RECENT DEVELOPMENTS
    • LEAR CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
    • TOSHIBA
      • BUSINESS OVERVIEW
      • PRODUCT OFFERINGS
      • RECENT DEVELOPMENTS
    • ADDITIONAL COMPANY PROFILES
      • TOYOTA INDUSTRIES
      • CALSONIC KANSEI
      • SENSATA TECHNOLOGIES
      • SAMLEX EUROPE
      • METRIC MIND CORPORATION
      • XANTREX
      • AIMS POWER COMPACTS
      • STANLEY BLACK & DECKER
      • BESTEK CORP
      • ENERGIZER
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
      • VEHICLE INVERTERS MARKET, BY OUTPUT POWER, BY VALUE
    • RELATED REPORTS
    • AUTHOR DETAILS

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