United States Electric Vehicle Power Inverter Market Forecast 2024-2032
KEY FINDINGS
The United States electric vehicle power inverter market is predicted to register a CAGR of 14.46% during the forecasted period. Some of the top factors facilitating the country’s market growth include the rising adoption of electric vehicles and government initiatives and regulations. While the base year considered for the studied market is 2023, the forecast years are between 2024 and 2032.
MARKET INSIGHTS
The significance of enhancing power electronics design, motor integration, thermal management, and system-level optimization is highlighted by partnerships with leading companies in the sector, such as General Motors and NexGen Power Systems. This all-encompassing strategy highlights the critical role power inverters have in directing the direction of sustainable transportation while also improving the efficiency and performance of electric vehicles.
A significant commitment to the development of EV infrastructure is demonstrated by the United States government's ground-breaking approval of nearly USD 1.5 billion under the National Electric Vehicle Infrastructure (NEVI) Formula Program. In line with national standards announced in 2023, this major investment seeks to strategically place EV chargers, covering over 75,000 miles of highways nationally. This will enable a widespread, convenient, economical, dependable, and equitable charging network. Therefore, such factors are expected to boost the United States electric vehicle power inverter market growth during the forecasted period.
COMPETITIVE INSIGHTS
Leading players operating in the market include Continental AG, Eaton Corporation Plc, Valeo Group, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Country Snapshot
- 2.3. Country Analysis
- 2.4. Scope Of Study
- 2.5. Crisis Scenario Analysis
- 2.5.1. Impact Of Covid-19 On Electric Vehicle Power Inverter Market
- 2.6. Major Market Findings
- 2.6.1. Increasing Efficiency Of Power Inverters
- 2.6.2. Oem Integration And Collaboration To Drive Innovation And Efficiency
- 2.6.3. Companies Focusing On Manufacturing Efficient & Cost-effective Inverters
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Rising Adoption Of Electric Vehicles
- 3.1.2. Government Initiatives And Regulations
- 3.1.3. Technological Advancements In Power Inverter Manufacturing
- 3.2. Key Restraints
- 3.2.1. Balancing Efficiency And Affordability Of Semiconductors In Ev Power Inverters
- 3.2.2. Strict Implementation Of Functional Safety Requirements Of Inverters
- 4. Key Analytics
- 4.1. Key Technology Trends
- 4.1.1. Growing Incorporation Of Sic And Gan In Power Inverters
- 4.1.2. Rising Focus On In-house Production
- 4.1.3. Multi-motor Configurations
- 4.2. Pest Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Growth Prospect Mapping
- 4.4.1. Growth Prospect Mapping For United States
- 4.5. Value Chain Analysis
- 4.5.1. Raw Materials/Component Suppliers
- 4.5.2. Installation And Integration
- 4.5.3. Partnerships And Collaborations
- 4.6. Key Buying Criteria
- 4.6.1. Battery Type And Voltage
- 4.6.2. Power Output
- 4.6.3. Efficiency
- 4.6.4. Cost
- 5. Market By Propulsion Type
- 5.1. Hybrid Electric Vehicle
- 5.1.1. Market Forecast Figure
- 5.1.2. Segment Analysis
- 5.2. Plug-in Hybrid Vehicle
- 5.2.1. Market Forecast Figure
- 5.2.2. Segment Analysis
- 5.3. Battery Electric Vehicle
- 5.3.1. Market Forecast Figure
- 5.3.2. Segment Analysis
- 5.4. Fuel Cell Electric Vehicle
- 5.4.1. Market Forecast Figure
- 5.4.2. Segment Analysis
- 6. Market By Vehicle Type
- 6.1. Passenger Car
- 6.1.1. Market Forecast Figure
- 6.1.2. Segment Analysis
- 6.2. Commercial Vehicle
- 6.2.1. Market Forecast Figure
- 6.2.2. Segment Analysis
- 6.3. Other Vehicle Types
- 6.3.1. Market Forecast Figure
- 6.3.2. Segment Analysis
- 7. Market By Inverter Type
- 7.1. Traction Inverter
- 7.1.1. Market Forecast Figure
- 7.1.2. Segment Analysis
- 7.2. Soft Switching Inverter
- 7.2.1. Market Forecast Figure
- 7.2.2. Segment Analysis
- 8. Market By Distribution Channel
- 8.1. Oem
- 8.1.1. Market Forecast Figure
- 8.1.2. Segment Analysis
- 8.2. Aftermarket
- 8.2.1. Market Forecast Figure
- 8.2.2. Segment Analysis
- 9. Market By Inverter Power
- 9.1. <50 Kw
- 9.1.1. Market Forecast Figure
- 9.1.2. Segment Analysis
- 9.2. 50-100 Kw
- 9.2.1. Market Forecast Figure
- 9.2.2. Segment Analysis
- 9.3. 100-200 Kw
- 9.3.1. Market Forecast Figure
- 9.3.2. Segment Analysis
- 9.4. >200 Kw
- 9.4.1. Market Forecast Figure
- 9.4.2. Segment Analysis
- 10. Competitive Landscape
- 10.1. Key Strategic Developments
- 10.1.1. Mergers & Acquisitions
- 10.1.2. Product Launches & Developments
- 10.1.3. Partnerships & Agreements
- 10.1.4. Business Expansions & Divestitures
- 10.2. Company Profiles
- 10.2.1. Continental Ag
- 10.2.1.1. Company Overview
- 10.2.1.2. Products List
- 10.2.1.3. Strengths & Challenges
- 10.2.2. Robert Bosch Gmbh
- 10.2.2.1. Company Overview
- 10.2.2.2. Products List
- 10.2.2.3. Strengths & Challenges
- 10.2.3. Marelli Corporation
- 10.2.3.1. Company Overview
- 10.2.3.2. Products List
- 10.2.3.3. Strengths & Challenges
- 10.2.4. Eaton Corporation Plc
- 10.2.4.1. Company Overview
- 10.2.4.2. Products List
- 10.2.4.3. Strengths & Challenges
- 10.2.5. Borgwarner Inc
- 10.2.5.1. Company Overview
- 10.2.5.2. Products List
- 10.2.5.3. Strengths & Challenges
- 10.2.6. Valeo Group
- 10.2.6.1. Company Overview
- 10.2.6.2. Products List
- 10.2.6.3. Strengths & Challenges
- 10.2.7. Toyota Industries Corporation
- 10.2.7.1. Company Overview
- 10.2.7.2. Products List
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook