Electric Vehicles (EVs) and Hybrid Electric Vehicles (HEVs) require a traction inverter to convert dc energy from the high-voltage battery or dc link bus to the three-phase ac energy used to drive the traction motor. Traction inverters are typically capable of transferring power in the 20 to 200 kW range, with switching voltages in the 200 V to 800 V range and currents in the hundreds of amperes.
This report aims to provide a comprehensive presentation of the global market for Automotive Inverter, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Inverter. This report contains market size and forecasts of Automotive Inverter in global, including the following market information:
Global Automotive Inverter Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Automotive Inverter Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Automotive Inverter companies in 2022 (%)
The global Automotive Inverter market was valued at US$ 3205.4 million in 2022 and is projected to reach US$ 14230 million by 2029, at a CAGR of 23.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global core automotive inverter manufacturers include Toyota Industries, Bosch and Valeo etc. The Top3 companies hold a share above 30%. Asia Pacific is the largest market, with a share about 46%, followed by Europe and North America with the share about 40% and 12%.
We surveyed the Automotive Inverter manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Inverter Market, by Power, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Inverter Market Segment Percentages, by Power, 2022 (%)
- 50-100 kW
- Below 50 kW
- Above 100 KW
Global Automotive Inverter Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Inverter Market Segment Percentages, by Application, 2022 (%)
- Electric Vehicles
- Hybrid Vehicles
Global Automotive Inverter Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Inverter Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Automotive Inverter revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Automotive Inverter revenues share in global market, 2022 (%)
- Key companies Automotive Inverter sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Automotive Inverter sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Toyota Industries
- Bosch
- Valeo
- Mitsubishi Electric
- Denso
- Vitesco Technologies
- Hitachi Astemo
- Hyundai Mobis
- Suzhou Inovance Automotive
- Marelli
- Zhongshan Broad-Ocean
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Automotive Inverter, market overview.
- Chapter 2: Global Automotive Inverter market size in revenue and volume.
- Chapter 3: Detailed analysis of Automotive Inverter manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by power, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Automotive Inverter in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Automotive Inverter capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
