May 22, 2024

Electric Vehicle Power Inverter Market Size Analysis 2022 To 2030

The global electric vehicle power inverter market size accounted for US$ 29.9 billion in 2021 and is projected to reach around USD 68.5 billion by 2030, growing at a CAGR of 9.65% from 2022 to 2030.

Electric Vehicle Power Inverter Market Size 2022 To 2030

Electric Vehicle Power Inverter Market Key Takeaways:

  • By propulsion, the Electric Vehicle Battery segment has registered 59% revenue share in 2021.
  • By inverter type, the traction inverter segment has lead the market with 55% revenue share in 2021.
  • By vehicle type, the passenger vehicle segment has captured 87% revenue share in 2021.
  • By distribution channel, the aftermarket segment has generated 79% market share in 2021.
  • The Asia-Pacific has made up 44% market share in 2021.

Report Summary

The global electric vehicle power inverter market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the electric vehicle power inverter market across the globe.

A comprehensive estimate on the electric vehicle power inverter market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of electric vehicle power inverter during the forecast period. Price point comparison by region with global average price is also considered in the study.

Electric Vehicle Power Inverter Market Scope

Report CoverageDetails
Market Size in 2022USD 32.78 Billion
Market Size by 2030USD 68.5 Billion
Growth Rate from 2022 to 2030CAGR of 9.65%
Base Year2021
Forecast Period2022 to 2030
Segments CoveredPropulsion Type, Vehicle Type, Inverter Type, Level of Integration, Distribution Channel, and Geography

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized electric vehicle power inverter market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Also Read: Electric Vehicle Charging Cables Market Size Analysis 2022 To 2030

Electric Vehicle Power Inverter Market Players

The report includes the profiles of key electric vehicle power inverter market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Major companies operating in this area are Vitesco Technologies, Robert Bosch GMBH, DENSO Corporation, Toyota Industries Corporation, Hitachi Astemo Ltd, Meidensha Corporation, Aptiv PLC (Borgwarner Inc.), Mitsubishi Electric Corporation, Marelli Corporation, Valeo Group, Lear Corporation, Continental AG, ZF Friedrichshafen AG, LG Magna e-Powertrain, John Deere Electronic Solutions, Drive System Design LTD, Hyundai Mobis Co. Ltd.

Market Segmentation

By Propulsion Type

  • Hybrid Vehicle
  • Plug in Hybrid Vehicle
  • Battery Electric Vehicle

By Vehicle Type

By Inverter Type

  • Traction Inverter
  • Soft Switching Inverter

By Level of Integration

  • Integrated Inverter System
  • Separate Inverter System
  • Mechatronic Integration System

By Distribution Channel

  • OEM
  • Aftermarket

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Electric Vehicle Power Inverter Market 

5.1. COVID-19 Landscape: Electric Vehicle Power Inverter Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Electric Vehicle Power Inverter Market, By Propulsion Type

8.1. Electric Vehicle Power Inverter Market, by Propulsion Type, 2022-2030

8.1.1. Hybrid Vehicle

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Plug in Hybrid Vehicle

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Battery Electric Vehicle

8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Electric Vehicle Power Inverter Market, By Vehicle Type

9.1. Electric Vehicle Power Inverter Market, by Vehicle Type, 2022-2030

9.1.1. Passenger Vehicles

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Commercial Vehicles

9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Electric Vehicle Power Inverter Market, By Inverter Type 

10.1. Electric Vehicle Power Inverter Market, by Inverter Type, 2022-2030

10.1.1. Traction Inverter

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Soft Switching Inverter

10.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Electric Vehicle Power Inverter Market, By Level of Integration

11.1. Electric Vehicle Power Inverter Market, by Level of Integration, 2022-2030

11.1.1. Integrated Inverter System

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Separate Inverter System

11.1.2.1. Market Revenue and Forecast (2017-2030)

11.1.3. Mechatronic Integration System

11.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Electric Vehicle Power Inverter Market, By Distribution Channel

12.1. Electric Vehicle Power Inverter Market, by Distribution Channel, 2022-2030

12.1.1. OEM

12.1.1.1. Market Revenue and Forecast (2017-2030)

12.1.2. Aftermarket

12.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 13. Global Electric Vehicle Power Inverter Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.1.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.1.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.1.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.1.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.1.6.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.1.6.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.1.6.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.1.6.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.1.7. Rest of North America

13.1.7.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.1.7.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.1.7.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.1.7.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.1.7.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.2.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.2.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.2.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.2.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.2.6.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.2.6.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.2.7. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.2.8. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.2.9.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.2.9.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.2.10. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.2.11. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.2.12.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.2.12.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.2.12.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.2.13. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.2.14.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.2.14.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.2.14.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.2.15. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.3.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.3.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.3.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.3.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.3.6.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.3.6.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.3.6.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.3.7. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.3.8.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.3.8.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.3.8.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.3.9. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.3.10.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.3.10.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.3.10.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.3.10.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.3.11.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.3.11.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.3.11.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.3.11.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.4.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.4.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.4.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.4.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.4.6.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.4.6.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.4.6.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.4.7. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.4.8.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.4.8.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.4.8.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.4.9. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.4.10.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.4.10.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.4.10.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.4.10.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.4.11.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.4.11.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.4.11.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.4.11.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.5.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.5.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.5.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.5.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.5.6.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.5.6.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.5.6.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.5.7. Market Revenue and Forecast, by Distribution Channel (2017-2030)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Propulsion Type (2017-2030)

13.5.8.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)

13.5.8.3. Market Revenue and Forecast, by Inverter Type (2017-2030)

13.5.8.4. Market Revenue and Forecast, by Level of Integration (2017-2030)

13.5.8.5. Market Revenue and Forecast, by Distribution Channel (2017-2030)

Chapter 14. Company Profiles

14.1. Vitesco Technologies

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Robert Bosch GMBH

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. DENSO Corporation

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Toyota Industries Corporation

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Hitachi Astemo Ltd

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Meidensha Corporation

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Aptiv PLC (Borgwarner Inc.)

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Mitsubishi Electric Corporation

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Marelli Corporation

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Valeo Group

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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