North America electric vehicle power inverter is projected to grow by 15.5% annually in the forecast period and reach $12,414 million by 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 22 tables and 41 figures, this 104-page report "North America 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 Country: Trend Forecast and Growth Opportunity" is based on a comprehensive research of the entire North America 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 North America 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 North America electric vehicle power inverter market in every aspect of the classification from perspectives of Inverter Type, Integration Level, Propulsion Type, Vehicle Type, Distribution, and Country.
Based on Inverter Type, the North America 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 North America 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 North America 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 North America 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 North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Aftermarket
• OEM
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets 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 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 18
2.1 Market Size and Forecast 18
2.1.1 Impact of COVID-19 on World Economy 19
2.1.2 Impact of COVID-19 on the Market 23
2.2 Major Growth Drivers 25
2.3 Market Restraints and Challenges 30
2.4 Emerging Opportunities and Market Trends 33
2.5 Porter's Fiver Forces Analysis 37
3 Segmentation of North America Market by Inverter Type 41
3.1 Market Overview by Inverter Type 41
3.2 Traction Inverter 43
3.3 Soft-switching Inverter 44
4 Segmentation of North America Market by Integration Level 45
4.1 Market Overview by Integration Level 45
4.2 Integrated Inverter System 47
4.3 Mechatronic Integration System 48
4.4 Separate Inverter System 49
5 Segmentation of North America Market by Propulsion Type 50
5.1 Market Overview by Propulsion Type 50
5.2 Battery Electric Vehicles (BEVs) 52
5.3 Hybrid Electric Vehicles (HEVs) 53
5.4 Plug-in Hybrid Electric Vehicle (PHEVs) 54
5.5 Fuel Cell Electric Vehicle (FCEVs) 55
6 Segmentation of North America Market by Vehicle Type 56
6.1 Market Overview by Vehicle Type 56
6.2 Passenger Cars 58
6.3 Commercial Vehicles 59
7 Segmentation of North America Market by Distribution 60
7.1 Market Overview by Distribution 60
7.2 Aftermarket 62
7.3 OEM 63
8 North America Market 2021-2031 by Country 64
8.1 Overview of North America Market 64
8.2 U.S. 67
8.3 Canada 70
8.4 Mexico 72
9 Competitive Landscape 74
9.1 Overview of Key Vendors 74
9.2 New Product Launch, Partnership, Investment, and M&A 77
9.3 Company Profiles 78
Aptiv PLC (Borgwarner Inc.) 78
Continental AG 80
CWB Automotive Electronics Co., Ltd. 81
DENSO Corporation 82
Drive System Design LTD 83
Eaton Corporation PLC 84
Exalta Oxy Neuron 85
Fraunhofer ISE 86
Hangzhou Tonny Electric & Tools Co., Ltd. 87
Hitachi Astemo Ltd 88
Hyundai Mobis Co., Ltd. 89
Infineon Technologies AG 90
Jinan ACME Power Supply Co., Ltd. 91
John Deere Electronic Solutions 92
Lear Corporation 93
LG Magna e-Powertrain 94
Marelli Corporation 95
Meidensha Corporation 96
Mitsubishi Electric Corporation 97
Robert Bosch GMBH 98
Toyota Industries Corporation 99
Valeo Group 100
Vitesco Technologies 101
Wenzhou Kangyu Electrical Co., Ltd. 102
ZF Friedrichshafen AG 103
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