by The global traction inverter market size was valued at USD 17.93 billion in 2023 and is expected to be worth around USD 73.08 billion by 2032, growing at a CAGR of 16.90% during the forecast period from 2023 to 2032.
Key Takeaways
- North America contributed more than 44% of revenue share in 2022.
- Asia-Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
- By propulsion, the BEV segment has held the largest market share of 44% in 2022.
- By propulsion, the PHEV segment is anticipated to grow at a remarkable CAGR of 17.2% between 2023 and 2032.
- By voltage, the 200 to 900V segment generated over 38% of revenue share in 2022.
- By voltage, the 900V and above segment is expected to expand at the fastest CAGR over the projected period.
- By technology, the MOSFET segment generated over 46% of revenue share in 2022.
- By technology, the IGBT segment is expected to expand at the fastest CAGR over the projected period.
- By vehicle, the commercial Vehicles segment generated over 42% of revenue share in 2022.
- By vehicle, the passenger cars segment is expected to expand at the fastest CAGR over the projected period.
The traction inverter market report offers an exclusive study of the present state expected at the market dynamics, opportunities, market scheme, growth analysis and regional outlook. The report presents energetic visions to conclude and study the market size, market aspiration, and competitive environment. The research also focuses on the important achievements of the market, research & development, and regional (country by country) growth of the leading vendors operating in the market
The study offers intricate dynamics about different aspects of the global traction inverter market, which aids companies operating in the market in making strategies development decisions. The study also elaborates on remarkable changes that are highly anticipated to configure growth of the global traction inverter market during the forecast period. It also includes a key indicator analysis that highlights growth prospects of this market and approximate statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).
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Traction Inverter Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 16.90% |
| Market Size in 2023 | USD 17.93 Billion |
| Market Size by 2032 | USD 73.08 Billion |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Propulsion, By Voltage, By Technology, and By Vehicle |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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This study covers an elaborate segmentation of the global traction inverter market, along with important information and a competition outlook. The report mentions company profiles of players that are currently influence the global traction inverter market, wherein various developments, expansions, and winning strategies practiced and execute by leading players have been presented in detail.
Traction Inverter Market Players
- Siemens AG
- Infineon Technologies AG
- Continental AG
- Robert Bosch GmbH
- Delphi Technologies
- Hitachi Automotive Systems
- Mitsubishi Electric Corporation
- Toshiba Corporation
- Fuji Electric Co., Ltd.
- ABB Ltd
- Dana Incorporated
- Lear Corporation
- Texas Instruments Incorporated
- STMicroelectronics
- ON Semiconductor
Segments Covered in the Report
By Propulsion
- BEV
- HEV
- PHEV
- Others
By Voltage
- Up to 200V
- 200 to 900V
- 900V and above
By Technology
- IGBT
- MOSFET
- Others
By Vehicle
- Passenger Cars
- Commercial Vehicles
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Research Methodology
The research methodology acquire by analysts for assemble the global traction inverter market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts study numerous annual report declaration, white papers, market association declaration, and company websites to obtain the necessary understanding of the global traction inverter market.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
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 Traction Inverter Market
5.1. COVID-19 Landscape: Traction 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 Traction Inverter Market, By Propulsion
8.1. Traction Inverter Market Revenue and Volume Forecast, by Propulsion, 2023-2032
8.1.1. BEV
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. HEV
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. PHEV
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. Others
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Traction Inverter Market, By Voltage
9.1. Traction Inverter Market Revenue and Volume Forecast, by Voltage, 2023-2032
9.1.1. Up to 200V
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. 200 to 900V
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. 900V and above
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Traction Inverter Market, By Technology
10.1. Traction Inverter Market Revenue and Volume Forecast, by Technology, 2023-2032
10.1.1. IGBT
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. MOSFET
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
10.1.3. Others
10.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Traction Inverter Market, By Vehicle
11.1. Traction Inverter Market Revenue and Volume Forecast, by Vehicle, 2023-2032
11.1.1. Passenger Cars
11.1.1.1. Market Revenue and Volume Forecast (2020-2032)
11.1.2. Commercial Vehicles
11.1.2.1. Market Revenue and Volume Forecast (2020-2032)
11.1.3. Others
11.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 12. Global Traction Inverter Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.1.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.1.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.1.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.1.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.1.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.1.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.1.6.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.1.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.1.6.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.2.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.2.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.2.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.2.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.2.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.2.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.2.6.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.2.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.2.6.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.2.7.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.2.7.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.2.7.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.2.8.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.2.8.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.2.8.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.3.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.3.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.3.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.3.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.3.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.3.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.3.6.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.3.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.3.6.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.3.7.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.3.7.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.3.7.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.3.8.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.3.8.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.3.8.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.4.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.4.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.4.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.4.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.4.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.4.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.4.6.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.4.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.4.6.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.4.7.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.4.7.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.4.7.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.4.8.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.4.8.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.4.8.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.5.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.5.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.5.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.5.6.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.5.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.5.6.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
Chapter 13. Company Profiles
13.1. Siemens AG
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Infineon Technologies AG
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Continental AG
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Robert Bosch GmbH
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Delphi Technologies
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Hitachi Automotive Systems
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Mitsubishi Electric Corporation
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Toshiba Corporation
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Fuji Electric Co., Ltd.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. ABB Ltd
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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