The inverter is an electrical device that converts direct current (DC) source to alternating current (AC) and can be used in an electric vehicle motor. Inverters signify a substantial part in controlling the electronic powertrain. Different types of inverters, such as soft-switching inverter and traction inverter, are used in electric vehicles for various purposes. Factors such as the huge amount of domestic automakers and the consolidation of prominent battery makers are the primary contributor to the electric vehicle power market.
MARKET SCOPE
The "Global Electric vehicle power inverter Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electric vehicle power inverter market with detailed market segmentation by propulsion, vehicle, inverter type, and geography. The report provides key statistics on the market status of the leading electric vehicle power inverter market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- The global electric vehicle power inverter market is segmented on the basis of propulsion, vehicle and inverter type.
- On the basis of propulsion, the market is segmented as full hybrid vehicle, plug-in hybrid vehicle, and battery electric vehicle.
- On the basis of vehicle, the market is segmented as passenger and commercial.
- On the basis of inverter type, the market is segmented as traction inverter and soft-switching inverter.
MARKET DYNAMICS
Drivers:
- Increase inpenetration of electric vehicles and government initiatives toward pollution-free environment.
Restraints:
- Heavy current flow and blowing of fuses of electric motor hamper the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electric vehicle power inverter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Electric vehicle power inverter market in these regions.
IMPACT OF COVID-19 ON ELECTRIC VEHICLE POWER INVERTERMARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the electric vehicle power inverter market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Electric vehicle power invertermarket market are anticipated to lucrative growth opportunities in the future with the rising demand for Electric vehicle power inverter market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Electric vehicle power inverter market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aptiv
- Continental AG
- DENSO Corporation
- Hitachi Automotive Systems Ltd
- Infineon Technologies AG
- Meidensha Corporation
- Mitsubishi Electric Corporation
- Robert Bosch GmbH
- Toyota Industries Corporation
- Valeo Group