Global Automotive Traction Inverters Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Automotive Traction Inverters Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Automotive Traction Inverters market size was valued at USD 3982 million in 2023 and is forecast to a readjusted size of USD 15590 million by 2030 with a CAGR of 21.5% during review period.

Electric Vehicles (EVs) and Hybrid Electric Vehicles (HEVs) require a traction inverter to convert dc energy from the high-voltage battery or dc link bus to the three-phase ac energy used to drive the traction motor. Traction inverters are typically capable of transferring power in the 20 to 200 kW range, with switching voltages in the 200 V to 800 V range and currents in the hundreds of amperes.

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. In addition, traction inverters perform functions such as voltage boosting, switch protection and regenerative braking.

An automotive traction inverter is a critical component in an electric or hybrid electric vehicle (EV/HEV) powertrain system. It's responsible for converting the direct current (DC) power from the vehicle's battery into alternating current (AC) power for driving the electric motor(s) that propel the vehicle.

Here are some key aspects and functions of automotive traction inverters:

Power Conversion:

The primary function of a traction inverter is to convert the DC power from the battery into AC power that is suitable for driving the electric motor.

Voltage and Current Control:

Traction inverters regulate the voltage and current supplied to the electric motor to control the speed and torque, enabling efficient and smooth operation of the vehicle.

Inverter Topology:

Traction inverters typically use power electronics and various inverter topologies (e.g., three-phase voltage source inverters) to achieve the desired AC output.

Efficiency and Thermal Management:

Efficiency is crucial to minimize power losses during the conversion process. Efficient traction inverters also require effective thermal management systems to dissipate the heat generated during operation.

Regenerative Braking:

Traction inverters play a crucial role in enabling regenerative braking, where the electric motor acts as a generator during deceleration, converting kinetic energy back into electrical energy to recharge the battery.

Control and Communication:

Traction inverters are controlled by sophisticated control systems that manage the power flow and interact with the vehicle's overall control unit. Communication protocols like CAN (Controller Area Network) are used for effective communication with other vehicle systems.

Safety Features:

Automotive traction inverters are designed with safety features to ensure proper functioning and prevent damage or malfunctions that could endanger the vehicle or occupants.

Integration with Vehicle Systems:

Traction inverters need to seamlessly integrate with other vehicle systems such as the battery management system, motor control unit, and overall vehicle control unit to optimize performance and efficiency.

Design and Packaging:

Traction inverters need to be compact, lightweight, and robustly designed to fit within the limited space available in a vehicle and withstand the demands of automotive environments.

Compliance and Standards:

Automotive traction inverters must comply with industry standards and regulations to ensure their safety, performance, and interoperability within the automotive ecosystem.

The automotive traction inverter market has been rapidly evolving due to the global transition towards electric and hybrid vehicles. The market for traction inverters has been experiencing substantial growth driven by factors such as government regulations promoting electric vehicles (EVs), advancements in electric powertrain technologies, and increasing consumer awareness of environmental issues and the benefits of electric mobility.

Overall, the design and efficiency of the traction inverter significantly impact the performance and range of electric and hybrid vehicles, making them a critical component in modern automotive powertrains.

The Global Info Research report includes an overview of the development of the Automotive Traction Inverters industry chain, the market status of Electric Vehicles (Below 50 kW, 50-100 kW), Hybrid Vehicles (Below 50 kW, 50-100 kW), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Automotive Traction Inverters.

Regionally, the report analyzes the Automotive Traction Inverters markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Automotive Traction Inverters market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Automotive Traction Inverters market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Automotive Traction Inverters industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Below 50 kW, 50-100 kW).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Automotive Traction Inverters market.

Regional Analysis: The report involves examining the Automotive Traction Inverters market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Automotive Traction Inverters market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Automotive Traction Inverters:

Company Analysis: Report covers individual Automotive Traction Inverters manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Automotive Traction Inverters This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Electric Vehicles, Hybrid Vehicles).

Technology Analysis: Report covers specific technologies relevant to Automotive Traction Inverters. It assesses the current state, advancements, and potential future developments in Automotive Traction Inverters areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Automotive Traction Inverters market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Automotive Traction Inverters market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Below 50 kW
50-100 kW
Above 100 KW

Market segment by Application
Electric Vehicles
Hybrid Vehicles

Major players covered
Toyota Industries
Bosch
Valeo
Mitsubishi Electric
Denso
Vitesco Technologies
Hitachi Astemo
Hyundai Mobis
Suzhou Inovance Automotive
Marelli
Zhongshan Broad-Ocean

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Automotive Traction Inverters product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Automotive Traction Inverters, with price, sales, revenue and global market share of Automotive Traction Inverters from 2019 to 2024.

Chapter 3, the Automotive Traction Inverters competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Automotive Traction Inverters breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Automotive Traction Inverters market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Automotive Traction Inverters.

Chapter 14 and 15, to describe Automotive Traction Inverters sales channel, distributors, customers, research findings and conclusion.