June 15, 2024

Traction Inverter Market Size To Increase USD 73.08 Billion By 2032

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.

Traction Inverter Market Size 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 CoverageDetails
Growth Rate from 2023 to 2032CAGR of 16.90%
Market Size in 2023USD 17.93 Billion
Market Size by 2032USD 73.08 Billion
Largest MarketNorth America
Base Year2022
Forecast Period2023 to 2032
Segments CoveredBy Propulsion, By Voltage, By Technology, and By Vehicle
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: Styrene Butadiene Latex Market Size To Reach USD 16.66 Bn By 2032

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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