Global EV Inverter Market Growth 2025-2031

The global EV Inverter market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.

LP Information, Inc. (LPI) ' newest research report, the “EV Inverter Industry Forecast” looks at past sales and reviews total world EV Inverter sales in 2024, providing a comprehensive analysis by region and market sector of projected EV Inverter sales for 2025 through 2031. With EV Inverter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world EV Inverter industry.

This Insight Report provides a comprehensive analysis of the global EV 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 EV Inverter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global EV Inverter market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for EV Inverter and breaks down the forecast by Type, 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 EV Inverter.

This report presents a comprehensive overview, market shares, and growth opportunities of EV Inverter market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
High Voltage EV Inverter
Low Voltage EV Inverter

Segmentation by Application:
Passenger
Commercial

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 analysing the company's coverage, product portfolio, its market penetration.
Continental AG
Bosch
Hitachi Astemo Americas
Toyota
Denso Corporation
Hyundai Mobis
Mitsubishi
EATON
Danfoss
Zytek
SolarEdge
Valeo
Dana TM4
EV Extend
Cascadia Motion
MARELLI
SMA
LG Magna e-Powertrain
Shenzhen ATESS

Key Questions Addressed in this Report

What is the 10-year outlook for the global EV Inverter market?

What factors are driving EV Inverter market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do EV Inverter market opportunities vary by end market size?

How does EV Inverter break out by Type, by Application?

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