Global electric vehicle power inverter market will reach $59,971.1 million by 2031, growing by 14.5% annually over 2021-2031, driven by the increasing sales of electric vehicles, the growing incorporation of inverters operating in EVs, the growing government support, and the technological advancements in the field of power electronics.
Highlighted with 82 tables and 77 figures, this 168-page report "Global Electric Vehicle Power Inverter Market 2021-2031 by Inverter Type (Traction, Soft-switching), Integration Level (Integrated, Mechatronic, Separate), Propulsion Type (BEVs, HEVs, PHEVs, FCEVs), Vehicle Type (Passenger, Commercial), Distribution (Aftermarket, OEM), and Region: Trend Forecast and Growth Opportunity" is based on a comprehensive research of the entire global electric vehicle power inverter market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global electric vehicle power inverter market in every aspect of the classification from perspectives of Inverter Type, Integration Level, Propulsion Type, Vehicle Type, Distribution, and Region.
Based on Inverter Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Traction Inverter
• Soft-switching Inverter
Based on Integration Level, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Integrated Inverter System
• Mechatronic Integration System
• Separate Inverter System
By Propulsion Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Battery Electric Vehicles (BEVs)
• Hybrid Electric Vehicles (HEVs)
• Plug-in Hybrid Electric Vehicle (PHEVs)
• Fuel Cell Electric Vehicle (FCEVs)
By Vehicle Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Passenger Cars
• Commercial Vehicles
By Distribution, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Aftermarket
• OEM
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE，Saudi Arabia，South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Propulsion Type, Vehicle Type and Distribution over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Aptiv PLC (Borgwarner Inc.)
Continental AG
CWB Automotive Electronics Co., Ltd.
DENSO Corporation
Drive System Design LTD
Eaton Corporation PLC
Exalta Oxy Neuron
Fraunhofer ISE
Hangzhou Tonny Electric & Tools Co., Ltd.
Hitachi Astemo Ltd
Hyundai Mobis Co., Ltd.
Infineon Technologies AG
Jinan ACME Power Supply Co., Ltd.
John Deere Electronic Solutions
Lear Corporation
LG Magna e-Powertrain
Marelli Corporation
Meidensha Corporation
Mitsubishi Electric Corporation
Robert Bosch GMBH
Toyota Industries Corporation
Valeo Group
Vitesco Technologies
Wenzhou Kangyu Electrical Co., Ltd.
ZF Friedrichshafen AG
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 21
2.1 Market Size and Forecast 21
2.1.1 Impact of COVID-19 on World Economy 22
2.1.2 Impact of COVID-19 on the Market 26
2.2 Major Growth Drivers 28
2.3 Market Restraints and Challenges 33
2.4 Emerging Opportunities and Market Trends 36
2.5 Porter's Fiver Forces Analysis 40
3 Segmentation of Global Market by Inverter Type 44
3.1 Market Overview by Inverter Type 44
3.2 Traction Inverter 46
3.3 Soft-switching Inverter 47
4 Segmentation of Global Market by Integration Level 48
4.1 Market Overview by Integration Level 48
4.2 Integrated Inverter System 50
4.3 Mechatronic Integration System 51
4.4 Separate Inverter System 52
5 Segmentation of Global Market by Propulsion Type 53
5.1 Market Overview by Propulsion Type 53
5.2 Battery Electric Vehicles (BEVs) 55
5.3 Hybrid Electric Vehicles (HEVs) 56
5.4 Plug-in Hybrid Electric Vehicle (PHEVs) 57
5.5 Fuel Cell Electric Vehicle (FCEVs) 58
6 Segmentation of Global Market by Vehicle Type 59
6.1 Market Overview by Vehicle Type 59
6.2 Passenger Cars 61
6.3 Commercial Vehicles 62
7 Segmentation of Global Market by Distribution 63
7.1 Market Overview by Distribution 63
7.2 Aftermarket 65
7.3 OEM 66
8 Segmentation of Global Market by Region 67
8.1 Geographic Market Overview 2021-2031 67
8.2 North America Market 2021-2031 by Country 71
8.2.1 Overview of North America Market 71
8.2.2 U.S. 75
8.2.3 Canada 78
8.2.4 Mexico 80
8.3 European Market 2021-2031 by Country 82
8.3.1 Overview of European Market 82
8.3.2 Germany 86
8.3.3 U.K. 88
8.3.4 France 90
8.3.5 Spain 92
8.3.6 Italy 94
8.3.7 Netherlands 96
8.3.8 Rest of European Market 98
8.4 Asia-Pacific Market 2021-2031 by Country 100
8.4.1 Overview of Asia-Pacific Market 100
8.4.2 Japan 104
8.4.3 China 107
8.4.4 Australia 109
8.4.5 India 111
8.4.6 South Korea 113
8.4.7 Rest of APAC Region 115
8.5 South America Market 2021-2031 by Country 117
8.5.1 Argentina 120
8.5.2 Brazil 122
8.5.3 Chile 124
8.5.4 Rest of South America Market 126
8.6 MEA Market 2021-2031 by Country 127
8.6.1 UAE 130
8.6.2 Saudi Arabia 132
8.6.3 South Africa 134
8.6.4 Other National Markets 136
9 Competitive Landscape 137
9.1 Overview of Key Vendors 137
9.2 New Product Launch, Partnership, Investment, and M&A 141
9.3 Company Profiles 142
Aptiv PLC (Borgwarner Inc.) 142
Continental AG 144
CWB Automotive Electronics Co., Ltd. 145
DENSO Corporation 146
Drive System Design LTD 147
Eaton Corporation PLC 148
Exalta Oxy Neuron 149
Fraunhofer ISE 150
Hangzhou Tonny Electric & Tools Co., Ltd. 151
Hitachi Astemo Ltd 152
Hyundai Mobis Co., Ltd. 153
Infineon Technologies AG 154
Jinan ACME Power Supply Co., Ltd. 155
John Deere Electronic Solutions 156
Lear Corporation 157
LG Magna e-Powertrain 158
Marelli Corporation 159
Meidensha Corporation 160
Mitsubishi Electric Corporation 161
Robert Bosch GMBH 162
Toyota Industries Corporation 163
Valeo Group 164
Vitesco Technologies 165
Wenzhou Kangyu Electrical Co., Ltd. 166
ZF Friedrichshafen AG 167
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