Vehicle Inverter Market (2019 - 2029)
Vehicle Inverter Market Size, Share, Growth Analysis By Offering (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), PHEV), By Vehicle Type, By Output Power (less than130 KW, > 130 KW), By Technology (SiC-MOSFET, Si-IGBT), By Sales Channel - Regoinal Forecast to 2028
Core Findings
FREE CustomizationVehicle Inverter Market: Introduction
Vehicle Inverter is an equipment that is utilized to convert one form of energy into other i.e. it convert input DC voltage into output AC voltage or vice versa. The output AC voltage is symmetric in nature and has a certain frequency and magnitude.
There are various type of vehicle inverter that are used in electric vehicles for different purpose such as traction inverter and soft switching inverter. Vehicle inverter is necessary in each and every electric vehicles for propulsion, cellphone charging and other electric functioning.
The growth of the vehicle inverter market is influenced by various factors including stringent vehicle emission norms, increasing environment safety concerns, tax rebates offered by government as well as subsidiaries on electric vehicles. These factors increases the production and sales of electric vehicle which significantly effect on the growth of vehicle inverter market
Vehicle Inverter Market: Market Dynamics
The need of higher level of integration in automotive and transportation industry is increasing day by day. The concept of electro-mobility and an electrical machine combined with all the power electronics required a vehicle inverter, for vehicle propulsion and power.
Recently, most of the electric vehicles contains semiconductor modules of SiC and Si-IGBTs. The evolving trend of mechatronics to integrate electric components of a vehicle and mechanical parts requires these modules for controlling the vehicles. These modules make the controlling faster and easier which will attract the customer to buy electric vehicles and positively effect on the growth of vehicle inverter market.
Public transportation systems in certain countries, including France, England, Japan, Germany, Switzerland and USA are substantially strong, resulting in lesser inclination towards new sales of electric vehicles. Therefore, end user in these countries are shifting towards public transports, especially for long distance travels. This is a key factor hampering the sales of passenger cars, which in turn, is expected to stagnant the growth of vehicle inverter market over the assessment period.
Vehicle Inverter Market: Regional Overview
Developed regions such as Western Europe and North America are estimated to fuel the demand for vehicle inverter market owing to increasing awareness towards reducing vehicles emission and environment safety. Along with this factor, government initiatives for green and clean environment in many countries of Europe also play an important for the growth of electric vehicle which in turn propel the demand for vehicle inverter.
Asia Pacific is expected to dominate the vehicle inverter market due to increasing sale of electric vehicles in China and Australia. China is expected to hold prominent share in the global vehicle inverter market as China is the house for many key manufacturer of electric vehicles such as Geely, SAIC, and BYD.
Moreover, emerging economies such as India, ASEAN, creates significant growth opportunities for the vehicle Inverter market due to increasing automotive and transportation industry over the forecast period. Middle East and Latin America are expected to grow with significant growth rate throughout the assessment period due to increasing infrastructure development which will propel the demand for electric vehicles and directly effect on the sales of vehicle inverter.
Vehicle Inverter Market: Market Players
Examples of some of the market participants in the global Vehicle Inverter market identified across the value chain includes:-
- Valeo Group
- Toyota Industries Corporation
- Robert Bosch GmbH
- Mitsubishi Electric Corporation
- Meidensha Corporation
- Hitachi Automotive Systems, Ltd.
- Denso Corporation
- Continental AG
- Calsonic Kansei Corporation
- Aptiv PLC
The Vehicle Inverter market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The Vehicle Inverter market report covers exhaustive analysis on:
- Vehicle Inverter market segments
- Vehicle Inverter market dynamics
- Vehicle Inverter market Size
- Vehicle Inverter market supply & demand
- Vehicle Inverter market current trends/issues/challenges
- Vehicle Inverter market Competition & Companies involved
- Vehicle Inverter market technology
- Vehicle Inverter market value chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The Vehicle Inverter market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The Vehicle Inverter market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Vehicle Inverter market report also maps the qualitative impact of various market factors on market segments and geographies.
Vehicle Inverter market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in Vehicle Inverter market reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
Vehicle Inverter Market: Segmentation
Vehicle Inverter market can be segmented by propulsion type and vehicle type
-
On the basis of offering:
- Battery Electric Vehicles (BEV)
- Hybrid Electric Vehicles (HEV)
- Plug-in-Hybrid Electric Vehicles (PHEV)
-
On the basis of vehicle type :
- Passenger Cars
- Commercial vehicles
-
On the basis of output power :
- Less than 130 KW
- More than 130 KW
-
On the basis of technology:
- SiC-MOSFET
- Si-IGBT
-
On the basis of sales channel:
- OEM
- Aftermarket
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Offering
- 6.2. Vehicle Type
- 6.3. Output Power
- 6.4. Technology
- 6.5. Sales Channel
- 7. Global Market Analysis and Forecast, By Offering
- 7.1. Battery Electric Vehicles (BEV)
- 7.2. Hybrid Electric Vehicles (HEV)
- 7.3. Plug-in-Hybrid Electric Vehicles (PHEV)
- 8. Global Market Analysis and Forecast, By Vehicle Type
- 8.1. Passenger Cars
- 8.2. Commercial Vehicles
- 9. Global Market Analysis and Forecast, By Output Power
- 9.1. Less than 130 KW
- 9.2. More than 130 KW
- 10. Global Market Analysis and Forecast, By Technology
- 10.1. SiC-MOSFET
- 10.2. Si-IGBT
- 11. Global Market Analysis and Forecast, By Sales Channel
- 11.1. OEM
- 11.2. Aftermarket
- 12. Global Market Analysis and Forecast, By Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Western Europe
- 12.4. Eastern Europe
- 12.5. Asia Pacific
- 12.6. East Asia
- 12.7. MEA
- 12.8. Latin America
- 13. North America Sales Analysis and Forecast, by Key Segments and Countries
- 14. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 15. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 16. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 17. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 18. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 19. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 20. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 21. Sales Forecast by Offering, Vehicle Type, Output Power, Technology, and Sales Channel for 30 Countries
- 22. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 23. Company Profile
- 23.1. Valeo Group
- 23.2. Toyota Industries Corporation
- 23.3. Robert Bosch GmbH
- 23.4. Mitsubishi Electric Corporation
- 23.5. Meidensha Corporation
- 23.6. Hitachi Automotive Systems, Ltd.
- 23.7. Denso Corporation
- 23.8. Continental AG
- 23.9. Calsonic Kansei Corporation
- 23.10. Aptiv PLC
List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Offering
Table 03: Global Market US$ Mn Forecast by Vehicle Type
Table 04: Global Market US$ Mn Forecast by Output Power
Table 05: Global Market US$ Mn Forecast by Technology
Table 06: Global Market US$ Mn Forecast by Sales Channel
Table 07: North America Market US$ Mn Forecast by Country
Table 08: North America Market US$ Mn Forecast by Offering
Table 09: North America Market US$ Mn Forecast by Vehicle Type
Table 10: North America Market US$ Mn Forecast by Output Power
Table 11: North America Market US$ Mn Forecast by Technology
Table 12: North America Market US$ Mn Forecast by Sales Channel
Table 13: Latin America Market US$ Mn Forecast by Country
Table 14: Latin America Market US$ Mn Forecast by Offering
Table 15: Latin America Market US$ Mn Forecast by Vehicle Type
Table 16: Latin America Market US$ Mn Forecast by Output Power
Table 17: Latin America Market US$ Mn Forecast by Technology
Table 18: Latin America Market US$ Mn Forecast by Sales Channel
Table 19: Western Europe Market US$ Mn Forecast by Country
Table 20: Western Europe Market US$ Mn Forecast by Offering
Table 21: Western Europe Market US$ Mn Forecast by Vehicle Type
Table 22: Western Europe Market US$ Mn Forecast by Output Power
Table 23: Western Europe Market US$ Mn Forecast by Technology
Table 24: Western Europe Market US$ Mn Forecast by Sales Channel
Table 25: Eastern Europe Market US$ Mn Forecast by Country
Table 26: Eastern Europe Market US$ Mn Forecast by Offering
Table 27: Eastern Europe Market US$ Mn Forecast by Vehicle Type
Table 28: Eastern Europe Market US$ Mn Forecast by Output Power
Table 29: Eastern Europe Market US$ Mn Forecast by Technology
Table 30: Eastern Europe Market US$ Mn Forecast by Sales Channel
Table 31: Asia Pacific Market US$ Mn Forecast by Country
Table 32: Asia Pacific Market US$ Mn Forecast by Offering
Table 33: Asia Pacific Market US$ Mn Forecast by Vehicle Type
Table 34: Asia Pacific Market US$ Mn Forecast by Output Power
Table 35: Asia Pacific Market US$ Mn Forecast by Technology
Table 36: Asia Pacific Market US$ Mn Forecast by Sales Channel
Table 37: East Asia Market US$ Mn Forecast by Country
Table 38: East Asia Market US$ Mn Forecast by Offering
Table 39: East Asia Market US$ Mn Forecast by Vehicle Type
Table 40: East Asia Market US$ Mn Forecast by Output Power
Table 41: East Asia Market US$ Mn Forecast by Technology
Table 42: East Asia Market US$ Mn Forecast by Sales Channel
Table 43: MEA Market US$ Mn Forecast by Country
Table 44: MEA Market US$ Mn Forecast by Offering
Table 45: MEA Market US$ Mn Forecast by Vehicle Type
Table 46: MEA Market US$ Mn Forecast by Output Power
Table 47: MEA Market US$ Mn Forecast by Technology
Table 48: MEA Market US$ Mn Forecast by Sales Channel
Table 49: Latin America Market US$ Mn Forecast by Country
Table 50: Latin America Market US$ Mn Forecast by Offering
Table 51: Latin America Market US$ Mn Forecast by Vehicle Type
Table 52: Latin America Market US$ Mn Forecast by Output Power
Table 53: Latin America Market US$ Mn Forecast by Technology
Table 54: Latin America Market US$ Mn Forecast by Sales Channel
List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Offering
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Output Power
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 05: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 06: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Offering
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 09: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Output Power
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 11: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 12: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Offering
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Output Power
Figure 16: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 17: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 18: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Offering
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 21: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Output Power
Figure 22: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 23: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 24: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Offering
Figure 26: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 27: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Output Power
Figure 28: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 29: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 30: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Offering
Figure 32: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 33: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Output Power
Figure 34: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 35: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 36: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 37: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Offering
Figure 38: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 39: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Output Power
Figure 40: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 41: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 42: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 43: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Offering
Figure 44: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 45: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Output Power
Figure 46: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 47: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 48: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 49: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Offering
Figure 50: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 51: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Output Power
Figure 52: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Technology
Figure 53: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 54: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
- FAQs -
Which region will spearhead the growth in the vehicle inverter market?
Europe accounts for a leading share of the global vehicle inverter market.
How Much is the Vehicle Inverter Market Likely Grow Over the Forecast Period?
The vehicle inverter market is expected to witness a healthy CAGR of 12.5% over the forecast period.
Why Vehicle Inverter Market has High Growth Potential?
The stringent vehicle emission norms, increasing environment safety concerns, tax rebates offered by government, are all contributing to the market growth of vehicle inverter.
Where will Manufacturers find Most Opportunities in the Vehicle Inverter Market?
The manufacturers in the vehicle inverter industry are expected to find most opportunities in the Asia Pacific region.
Related Reports
Vehicle Inverter Market