EV Inverter Market to Harvest $22.25

Portland, OR, Sept. 02, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the Electric Vehicle Inverter Market generated $8.67 billion in 2021 and is expected to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031. changing market trends, market size and estimates, value chain, key investment pockets, drivers and opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, early adopters and stockholders in introducing necessary strategies for the future and taking essential actions to significantly strengthen and increase their position in the market.

Download the report (PDF of 425 pages with information, graphs, tables, figures) at https://www.alliedmarketresearch.com/request-sample/9122

Electric Vehicle Inverter Industry Report Coverage and Details:

Report cover Details
Forecast period 2022–2031
base year 2021
Market size in 2021 $8.67 billion
Market size in 2031 $22.25 billion
CAGR 10.4%
Number of pages in the report 425
Segments Covered Propulsion, type of inverter, type of vehicle, level of integration, distribution channel and region.
Drivers Increase in standard of living
Strong increase in demand for electric vehicles
Opportunities Increase in demand for low-emission and fuel-efficient vehicles
Ongoing technological advances in EVs
holds back Lack of sufficient infrastructure
High manufacturing cost

COVID-19 scenario:

  • The COVID-19 outbreak has had a negative impact on the growth of the global market Electric Vehicle Inverter Marketdue to the occurrence of lockdowns in various countries around the world.
  • The lockdowns led to the closure of various manufacturing facilities, including those for electric vehicle inverters, which negatively impacted its demand during the pandemic.
  • The auto industry has taken a heavy hit throughout the prevalence of social distancing restrictions imposed by the government to drastically curb the spread of the virus during the pandemic.
  • In addition, strict import and export restrictions have also been imposed by the government, which in turn has reduced the availability of raw materials. This factor is further expected to aggravate the impact on the market.

The report offers a detailed segmentation of the global electric vehicle inverter market on the basis of propulsion, type of inverter, type of vehicle, level of integration, distribution channel and region. The report provides a comprehensive analysis of each segment and their respective sub-segment using graphical and tabular representation. This analysis can essentially help market players, investors and new entrants to determine and design strategies based on the fastest growing and highest revenue generating segments mentioned in the report.

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Based on inverter type, traction inverter segment held the dominant market share in 2021, holding about three-fifths of the global market, and is expected to maintain its leading status during the forecast period. The soft switching inverter segment, on the other hand, is expected to quote the fastest CAGR of 11.6% during the forecast period.

Based on vehicle type, passenger vehicle segment held the dominant market share in 2021, holding more than four-fifths of the global market, and is expected to maintain its leading status during the forecast period. The commercial vehicle segment, on the other hand, is expected to quote the fastest CAGR of 15.1% during the forecast period.

Based on distribution channel, OEM segment held the largest market share in 2021, holding more than four-fifths of the global market, and is expected to maintain its leading status during the forecast period. The secondary market segment, on the other hand, is expected to quote the fastest CAGR of 14.4% during the forecast period.

Based on the region, the Asia-Pacific market held the largest market share in 2021, holding almost half of the global market, and is expected to maintain its leading status during the forecast period. The Europe region, on the other hand, is expected to quote the fastest CAGR of 12.6% during the forecast period.

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The major players analyzed in the Global Electric Vehicle Inverter Market are Aptiv, BYD COMPANY LTD., Continental AG, CWB Automotive Electronics Co., Ltd., Denso Corporation, Hitachi Astemo, Ltd. (subsidiary of Hitachi, Ltd.), Lear Corporation, Marelli Holdings Co., Ltd., Meidensha Corporation, Mitsubishi Electric Corporation, Nissan motors co., Ltd., Robert Bosch GmbH, Siemens, Sungchang, Toyota Industries Corporation, Valeo and Vitesco Technologies.

The report analyzes these key players of the global electric vehicle inverter market. These market players have effectively used strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is useful for analyzing recent developments, product portfolio, business performance, and operating segments of major market players.

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Similar reports we have on Electric vehicle industry:

Vehicle Inverter Market by propulsion type (BEV, HEV and PHEV), power output type (130 kW), technology (IGBT and MOSFET), semiconductor material type (GaN, Si and SiC) and vehicle type (PC and CV ): Global Opportunity Industry Analysis and Forecast, 2019-2030.

Rail Traction Inverter Market By Type (Less than 1MW, Equal to 1MW, and Greater than 1MW) and Application (OEM and Aftermarket): Global Opportunities Analysis and Industry Forecast, 2020-2030.

Automotive Traction Inverter Market by type of propulsion (BEV, HEV and PHEV), by power output (130 kW), by semiconductor material (gallium nitride (GaN), silicon (Si) and silicon nitride (SiC)), by Technology type (IGBT and MOSFET) and by vehicle type (passenger vehicles and vehicles Utilities): Global Opportunities Analysis and Industry Forecast, 2020-2030.

About Us

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, the CEO of Allied Market Research, directs the organization towards the provision of high quality data and information. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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