Electric Vehicle Power Inverter Market By Propulsion (Hybrid Vehicle, Plug in Hybrid Vehicle, Battery Electric Vehicle), By Inverter Type (Traction Inverter, Soft Switching Inverter), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Level of Integration (Integrated Inverter System, Separate Inverter System, Mechatronic Integration System), By Distribution Channel (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2031
A power inverter is a power electronic device or circuitry that changes direct current (DC) to alternating current (AC). The resulting AC frequency obtained depends on the particular device employed. In electric vehicles, power inverters convert the power that comes from a car battery (DC current) into the power that larger electronics need to function (AC current). Different types of inverters are used in electric vehicles such as soft switching inverter and traction inverter.
The global automotive industry has experienced tremendous transformation in the past few years. The ever-growing demand for zero emission vehicles has made the vehicle manufacturers focusing on development and sales of electric vehicles. Moreover, the government support for electric vehicle ecosystem is anticipated to fortify the demand for electric vehicle power inverters up to a great degree during the forecast period.
Electric vehicle power inverter market is segmented on the basis of propulsion, inverter type, vehicle type, level of integration, distribution channel, and region. By propulsion, it is divided into full hybrid vehicle, plug-in hybrid vehicle, and battery electric vehicle. By inverter type, it is divided into traction inverter, and soft switching inverter. By vehicle type, it is segmented into passenger cars, and commercial vehicles. By level of integration, it is divided into integrated inverter system, separate inverter system, and mechatronic integration system. By distribution channel, the market is divided into OEM and Aftermarket. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter’s five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.
The key players that operate in this market are Aptiv, BYD COMPAY LTD., Continental AG, CWB Automotive Electronics Co., Ltd., Denso Corporation, Hitachi Astemo, Ltd. (Subsidiary of Hitachi, Ltd.), Lear Corporation, Marelli Holdings Co., Ltd., Meidensha Corporation, Mitsubishi Electric Corporation, Nissan motors co., Ltd., Robert Bosch GmbH, Siemens, Sungchang, Toyota Industries Corporation, Valeo, and Vitesco Technologies.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric vehicle power inverter market analysis from 2021 to 2031 to identify the prevailing electric vehicle power inverter market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the electric vehicle power inverter market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global electric vehicle power inverter market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Propulsion
Hybrid Vehicle
Plug in Hybrid Vehicle
Battery Electric Vehicle
By Inverter Type
Traction Inverter
Soft Switching Inverter
By Vehicle Type
Passenger Vehicle
Commercial Vehicle
By Level of Integration
Integrated Inverter System
Separate Inverter System
Mechatronic Integration System
By Distribution Channel
OEM
Aftermarket
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Russia
Netherlands
U.K.
Poland
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Asean
Rest of Asia-Pacific
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Aptiv PLC
Changsha BYD
Continental
CWB Automotive Electronics Co., Ltd.
DENSO Corporation
Hitachi Astemo Ltd
Lear Corporation
Marelli Corporation
Meidensha Corporation
Mitsubishi Electric Corporation
Nissan
Robert Bosch GmbH
Siemens
Sungchang Autotech Co., Ltd.
Toyota Industries Corporation
Valeo Group
Vitesco Technologies
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