Global Electric Vehicle Power Inverter Market
Electric Vehicle Power Inverter is defined as electrical device which converts DC (direct current) source to alternating current (AC) and it is used in electric vehicle motor. There are various types of inverters that are used in electric vehicles including traction inverter, and soft switching inverter. These inverters help to generate very high current during the time of switching the engine as generated voltage & input voltage. Factors like the huge amount of domestic automakers & the consolidation of prominent battery makers are expected to contribute the electric vehicle power inverter market growth.
Market Drivers
The increase in efforts being taken by OEMs for developing & introducing electric vehicles on the road is expected to drive the global electric vehicle power inverter market growth over the forecast period. The growing government support from various countries across the globe for the production of electric vehicles is expected to boost the global electric vehicle power inverter market during this forecast period. The increase in technological advancements in the field of power electronics like the development of high power density inverters is anticipated to fuel the target market growth in near future.
A Power inverter is one of the important components in electric vehicle which converts direct current into alternating current for electric motor. The rise in concern among the automakers to optimize energy consumption in electric vehicles, the inverter manufacturers enhanced capabilities to handle energy from both sources such as battery and motor. The growing incorporation of inverters operating on an AC power source in electric vehicles by key vehicle manufacturers like Tesla is anticipated to accelerate the electric vehicle power inverter market during the forecast period.
Market Restraints
The high current can be a major restraint to big motors which are used in heavy electric vehicles, which may hamper the global electric vehicle power inverter market growth during this forecast timeline.
Market Segmentation
The Global Electric Vehicle Power Inverter Market is categorized into propulsion such as Full Hybrid Vehicle, Plug-In Hybrid Vehicle, and Battery Electric Vehicle. Further, market is segmented into vehicle such as Passenger car, and Commercial vehicle.
Also, the Global Electric Vehicle Power Inverter Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Regional Analysis
The APAC is expected to hold the largest market share in electric vehicle power inverter market followed by Europe & North America respectively. The sale of electric vehicles in China is growing rapidly around 1.3 million new electric vehicles were sold in the year 2018. Also, North America and Europe held significant market share due to the presence of major automobile companies as well as continuous technological advancements in the automobile industry in this region.
Market Key Players
Some key operating players are listed in Global Electric Vehicle Power Inverter Market report including Continental AG, Robert Bosch GmbH, Toyota Industries Corporation, Valeo Group, DENSO Corporation, Aptiv PLC, Meidensha Corporation, Hitachi Automotive Systems Ltd, Calsonic Kansei Corporation (Marelli Corporation), Mitsubishi Electric Corporation, etc.
Market Taxonomy
By Propulsion
By Vehicle
By Region
Key Questions Addressed by the Report
Global Electric Vehicle Power Inverter Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Electric Vehicle Power Inverter Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Electric Vehicle Power Inverter Market, By Propulsion
5.1 Y-o-Y Growth Comparison, By Propulsion
5.2 Global Electric Vehicle Power Inverter Market Share Analysis, By Propulsion
5.3 Global Electric Vehicle Power Inverter Market Size and Forecast, By Propulsion
5.3.1 Full Hybrid Vehicle
5.3.2 Plug-In Hybrid Vehicle
5.3.3 Battery Electric Vehicle
6 Global Electric Vehicle Power Inverter Market, By Vehicle
6.1 Y-o-Y Growth Comparison, By Vehicle
6.2 Global Electric Vehicle Power Inverter Market Share Analysis, By Vehicle
6.3 Global Electric Vehicle Power Inverter Market Size and Forecast, By Vehicle
6.3.1 Passenger car
6.3.2 Commercial vehicle
7Global Electric Vehicle Power Inverter Market, By Region
7.1 Global Electric Vehicle Power Inverter Market Share Analysis, By Region
7.2 Global Electric Vehicle Power Inverter Market Share Analysis, By Region
7.3 Global Electric Vehicle Power Inverter Market Size and Forecast, By Region
8North America Electric Vehicle Power Inverter Market Analysis and Forecast (2020 – 2030)
8.1 Introduction
8.2 North America Electric Vehicle Power Inverter Market Share Analysis, By Propulsion
8.3 North America Electric Vehicle Power Inverter Market Size and Forecast, By Vehicle
8.4 North America Electric Vehicle Power Inverter Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9Europe Electric Vehicle Power Inverter Market Analysis and Forecast (2020 – 2030)
9.1 Introduction
9.2 Europe Electric Vehicle Power Inverter Market Share Analysis, By Propulsion
9.3 Europe Electric Vehicle Power Inverter Market Size and Forecast, By Vehicle
9.4 Europe Electric Vehicle Power Inverter Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Electric Vehicle Power Inverter Market Analysis and Forecast (2020 – 2030)
10.1 Introduction
10.2 Asia Pacific Electric Vehicle Power Inverter Market Share Analysis, By Propulsion
10.3 Asia Pacific Electric Vehicle Power Inverter Market Size and Forecast, By Vehicle
10.4 Asia Pacific Electric Vehicle Power Inverter Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Electric Vehicle Power Inverter Market Analysis and Forecast (2020 – 2030)
11.1 Introduction
11.2 Latin America Electric Vehicle Power Inverter Market Share Analysis, By Propulsion
11.3 Latin America Electric Vehicle Power Inverter Market Size and Forecast, By Vehicle
11.4 Latin America Electric Vehicle Power Inverter Market Size and Forecast, By Country
12Middle East Electric Vehicle Power Inverter Market Analysis and Forecast (2020 – 2030)
12.1 Introduction
12.2 Middle East Electric Vehicle Power Inverter Market Share Analysis, By Propulsion
12.3 Middle East Electric Vehicle Power Inverter Market Size and Forecast, By Vehicle
12.4 Middle East Electric Vehicle Power Inverter Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Continental AG
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Robert Bosch GmbH
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Toyota Industries Corporation
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Valeo Group
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 DENSO Corporation
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Aptiv PLC
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Meidensha Corporation
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Hitachi Automotive Systems Ltd
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Calsonic Kansei Corporation (Marelli Corporation)
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Mitsubishi Electric Corporation
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
