Global Electric Vehicle Power Inverter Market 2023-2027

Global Electric Vehicle Power Inverter Market 2023-2027

Technavio has been monitoring the electric vehicle power inverter market and it is poised to grow by $7828.33 mn during 2023-2027, accelerating at a CAGR of 8.84% during the forecast period. Our report on the electric vehicle power inverter market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing sales of BEVs and PHEVs, reduced cost of inverter components due to advancements in materials and improved packaging arrangement, and an increase in technological innovation.

Technavio's electric vehicle power inverter market is segmented as below:

By Application

  • Full hybrids
  • Pure EV
  • Plug-in hybrids
  • Commercial HEV
  • Mild hybrids
By Type
  • Passenger cars
  • Commercial vehicles
By Geography
  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa
This study identifies the in-wheel micro-inverter system as one of the prime reasons driving the electric vehicle power inverter market growth during the next few years. Also, the adoption of new materials and the implementation of new bundle solutions and packaging will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the electric vehicle power inverter market covers the following areas:
  • Electric vehicle power inverter market sizing
  • Electric vehicle power inverter market forecast
  • Electric vehicle power inverter market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle power inverter market vendors that include Aegis Power Systems Inc., BorgWarner Inc., Bosch Mobility Solutions, Continental AG, Danfoss AS, Denso Corp., Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, LG Magna e Powertrain, Marelli Holdings Co. Ltd., MAHLE GmbH, Hyundai Mobis Co. Ltd, Meidensha Corp., Metric Mind Engineering, Mitsubishi Electric Corp., Siemens AG, Toyota Industries Corp., Valeo SA, and Aptiv. Also, the electric vehicle power inverter market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Application
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global electric vehicle power invertor market 2017 - 2021
      • Table Historic Market Size – Data Table on Global electric vehicle power invertor market 2017 - 2021 ($ million)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • Application Segment Analysis 2017 - 2021
      • Table Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • Type Segment Analysis 2017 - 2021
      • Table Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size – Country Segment 2017 - 2021 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Application
    • Market segments
      • Table Chart on Application - Market share 2022-2027 (%)
      • Table Data Table on Application - Market share 2022-2027 (%)
    • Comparison by Application
      • Table Chart on Comparison by Application
      • Table Data Table on Comparison by Application
    • Full hybrids - Market size and forecast 2022-2027
      • Table Chart on Full hybrids - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Full hybrids - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Full hybrids - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Full hybrids - Year-over-year growth 2022-2027 (%)
    • Pure EV - Market size and forecast 2022-2027
      • Table Chart on Pure EV - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Pure EV - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Pure EV - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Pure EV - Year-over-year growth 2022-2027 (%)
    • Plug-in hybrids - Market size and forecast 2022-2027
      • Table Chart on Plug-in hybrids - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Plug-in hybrids - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Plug-in hybrids - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Plug-in hybrids - Year-over-year growth 2022-2027 (%)
    • Commercial HEV - Market size and forecast 2022-2027
      • Table Chart on Commercial HEV - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Commercial HEV - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Commercial HEV - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Commercial HEV - Year-over-year growth 2022-2027 (%)
    • Mild hybrids - Market size and forecast 2022-2027
      • Table Chart on Mild hybrids - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Mild hybrids - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Mild hybrids - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Mild hybrids - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application ($ million)
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2022-2027 (%)
      • Table Data Table on Type - Market share 2022-2027 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Passenger cars - Market size and forecast 2022-2027
      • Table Chart on Passenger cars - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Passenger cars - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)
    • Commercial vehicles - Market size and forecast 2022- 2027
      • Table Chart on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • Germany - Market size and forecast 2022-2027
      • Table Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • Japan - Market size and forecast 2022-2027
      • Table Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • India - Market size and forecast 2022-2027
      • Table Chart on India - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Table Chart on India - Year-over-year growth 2022-2027 (%)
      • Table Data Table on India - Year-over-year growth 2022-2027 (%)
    • Canada - Market size and forecast 2022-2027
      • Table Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing sales of BEVs and PHEVs
      • Reduced cost of inverter components due to advancements in materials and improved packaging arrangement
      • Increase in technological innovation
    • Market challenges
      • Thermal management issues limiting the performance of EVs
      • Electromagnetic interference damages the powertrain components
      • Environmental concerns
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • In-wheel micro-inverter system
      • Adoption of new materials: SiC and GaN
      • Implementation of new bundle solutions: Packaging
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Aegis Power Systems Inc.
      • Table Aegis Power Systems Inc. - Overview
      • Table Aegis Power Systems Inc. - Product / Service
      • Table Aegis Power Systems Inc. - Key offerings
    • Aptiv
      • Table Aptiv - Overview
      • Table Aptiv - Business segments
      • Table Aptiv - Key offerings
      • Table Aptiv - Segment focus
    • BorgWarner Inc.
      • Table BorgWarner Inc. - Overview
      • Table BorgWarner Inc. - Business segments
      • Table BorgWarner Inc. - Key news
      • Table BorgWarner Inc. - Key offerings
      • Table BorgWarner Inc. - Segment focus
    • Continental AG
      • Table Continental AG - Overview
      • Table Continental AG - Business segments
      • Table Continental AG - Key offerings
      • Table Continental AG - Segment focus
    • Danfoss AS
      • Table Danfoss AS - Overview
      • Table Danfoss AS - Business segments
      • Table Danfoss AS - Key news
      • Table Danfoss AS - Key offerings
      • Table Danfoss AS - Segment focus
    • Denso Corp.
      • Table Denso Corp. - Overview
      • Table Denso Corp. - Business segments
      • Table Denso Corp. - Key news
      • Table Denso Corp. - Key offerings
      • Table Denso Corp. - Segment focus
    • Fuji Electric Co. Ltd.
      • Table Fuji Electric Co. Ltd. - Overview
      • Table Fuji Electric Co. Ltd. - Business segments
      • Table Fuji Electric Co. Ltd. - Key offerings
      • Table Fuji Electric Co. Ltd. - Segment focus
    • Hitachi Ltd.
      • Table Hitachi Ltd. - Overview
      • Table Hitachi Ltd. - Business segments
      • Table Hitachi Ltd. - Key offerings
      • Table Hitachi Ltd. - Segment focus
    • Hyundai Mobis Co. Ltd
      • Table Hyundai Mobis Co. Ltd - Overview
      • Table Hyundai Mobis Co. Ltd - Business segments
      • Table Hyundai Mobis Co. Ltd - Key news
      • Table Hyundai Mobis Co. Ltd - Key offerings
      • Table Hyundai Mobis Co. Ltd - Segment focus
    • Infineon Technologies AG
      • Table Infineon Technologies AG - Overview
      • Table Infineon Technologies AG - Business segments
      • Table Infineon Technologies AG - Key news
      • Table Infineon Technologies AG - Key offerings
      • Table Infineon Technologies AG - Segment focus
    • LG Magna e Powertrain
      • Table LG Magna e Powertrain - Overview
      • Table LG Magna e Powertrain - Product / Service
      • Table LG Magna e Powertrain - Key offerings
    • MAHLE GmbH
      • Table MAHLE GmbH - Overview
      • Table MAHLE GmbH - Business segments
      • Table MAHLE GmbH - Key news
      • Table MAHLE GmbH - Key offerings
      • Table MAHLE GmbH - Segment focus
    • Marelli Holdings Co. Ltd.
      • Table Marelli Holdings Co. Ltd. - Overview
      • Table Marelli Holdings Co. Ltd. - Product / Service
      • Table Marelli Holdings Co. Ltd. - Key news
      • Table Marelli Holdings Co. Ltd. - Key offerings
    • Meidensha Corp.
      • Table Meidensha Corp. - Overview
      • Table Meidensha Corp. - Business segments
      • Table Meidensha Corp. - Key news
      • Table Meidensha Corp. - Key offerings
      • Table Meidensha Corp. - Segment focus
    • Metric Mind Engineering
      • Table Metric Mind Engineering - Overview
      • Table Metric Mind Engineering - Product / Service
      • Table Metric Mind Engineering - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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