Global Automotive Inverter Market Growth 2023-2029

Global Automotive Inverter Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Automotive Inverter Industry Forecast” looks at past sales and reviews total world Automotive Inverter sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Inverter sales for 2023 through 2029. With Automotive Inverter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Inverter industry.
This Insight Report provides a comprehensive analysis of the global Automotive Inverter landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Inverter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Inverter market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Inverter and breaks down the forecast by power, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Inverter.
The global Automotive Inverter market size is projected to grow from US$ 3047.4 million in 2022 to US$ 15130 million in 2029; it is expected to grow at a CAGR of 15130 from 2023 to 2029.
Global core automotive inverter manufacturers include Toyota Industries, Bosch and Valeo etc. The Top3 companies hold a share above 30%. Asia Pacific is the largest market, with a share about 46%, followed by Europe and North America with the share about 40% and 12%.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Inverter market by product power, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by power
50-100 kW
Below 50 kW
Above 100 KW
Segmentation by application
Electric Vehicles
Hybrid Vehicles
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Toyota Industries
Bosch
Valeo
Mitsubishi Electric
Denso
Vitesco Technologies
Hitachi Astemo
Hyundai Mobis
Suzhou Inovance Automotive
Marelli
Zhongshan Broad-Ocean

Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Inverter market?
What factors are driving Automotive Inverter market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Inverter market opportunities vary by end market size?
How does Automotive Inverter break out power, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.