Market Overview:
The global EV power inverter market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles across the globe. Additionally, government initiatives and regulations supporting the adoption of electric vehicles are also contributing to the growth of this market. The global EV power inverter market is segmented on the basis of type, application, and region. On the basis of type, it is divided into full hybrid vehicle inverters, plug-in hybrid vehicle inverters, battery electric vehicle inverters, and fuel cell electric vehicle inverters. The passenger cars segment accounts for majority share in terms of application in this market followed by commercial vehicles.
Product Definition:
An EV power inverter is a device that converts direct current (DC) to alternating current (AC). It's used in electric vehicles to convert the battery's DC power to AC so that it can run the car's electrical system.
Full Hybrid Vehicle Inverter:
Full hybrid vehicle inverter is a device that controls the engine and electric motor simultaneously. It's major function is to convert the DC electricity from battery to AC electricity for charging the batteries. The full hybrid vehicle inverter market has witnessed significant growth over the past few years owing to increasing government regulations on reducing carbon emissions from vehicles.
The growing demand for full hybrid vehicles in developed countries such as U.S.
Plug-in Hybrid Vehicle Inverter:
Plug-in Hybrid Vehicle (PHV) inverter is a power electronic device used to convert the plug-in hybrid electric vehicle's (PHEV) internal combustion engine power to electric propulsion. PHEVs are designed with the capability of running on both conventional fuel and electricity. The growing emphasis on reducing carbon emissions has led automobile manufacturers towards developing vehicles that run on alternative sources of energy such as battery powered, plug in hybrid, and fully electric powered vehicles.
Application Insights:
Passenger cars application segment accounted for the largest share of over 50.0% in 2017 and is anticipated to maintain its lead over the forecast period. Increasing number of manufacturers focusing on producing electric passenger cars, as an alternative to conventional gasoline-powered vehicles will drive the demand for power inverters in this segment.
The commercial vehicle application segment is expected to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to increased deployment of heavy-duty electric trucks and buses across end-use industries such as construction, mining, food & beverage and logistics among others. The need for energy efficient commercial vehicles that are capable of operating without drivers will further boost product demand in this segment during the forecast period.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing investments in EV infrastructure, which is likely to boost product demand. For instance, China Energy Group recently announced plans for deploying more than 100EV charging stations across 30 cities by 2020. This initiative is anticipated to increase awareness regarding EVs among consumers and encourage them to purchase plug-in hybrid vehicles as well as battery electric vehicles over the coming years.
North America region accounted for a significant revenue share owing to growing adoption of EVs due primarily on account of government initiatives such as ZEV mandate that forces manufacturers/suppliers of motor vehicle components in California, U.S.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for EV power inverters.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles through various initiatives and subsidies. This will further boost the growth of the EV power inverter market.
- Development of smart grids: The development of smart grids is aiding in efficient management and distribution of electricity, which is resulting in an increase in demand for EV power inverters from utilities companies worldwide.
- Technological advancements: With technological advancements, EV power inverters are becoming more compact, lighter weight, and efficient with respect to performance and cost-effectiveness; this is driving their adoption among consumers as well as OEMs/ODMs worldwide.. 5) Growing awareness about environment-friendly technologies: There is a growing awareness among consumers about environment-friendly technologies such as electric vehicles, which is propelling the growth of the EV power inverter market
Scope Of The Report
Report Attributes
Report Details
Report Title
EV Power Inverter Market Research Report
By Type
Full Hybrid Vehicle Inverter, Plug-in Hybrid Vehicle Inverter, Battery Electric Vehicle Inverter, Fuel Cell Electric Vehicle Inverter
By Application
Passenger Cars, Commercial Vehicles
By Companies
Continental AG, Robert Bosch GmbH, Hitachi Automotive, Toyota Industries, Denso, Delphi, Mitsubishi Electric, Metric mind, Fuji Electric, Infineon Technologies AG, Continental AG, Eaton, Marelli, Toshiba
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global EV Power Inverter Market Report Segments:
The global EV Power Inverter market is segmented on the basis of:
Types
Full Hybrid Vehicle Inverter, Plug-in Hybrid Vehicle Inverter, Battery Electric Vehicle Inverter, Fuel Cell Electric Vehicle Inverter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental AG
- Robert Bosch GmbH
- Hitachi Automotive
- Toyota Industries
- Denso
- Delphi
- Mitsubishi Electric
- Metric mind
- Fuji Electric
- Infineon Technologies AG
- Continental AG
- Eaton
- Marelli
- Toshiba
Highlights of The EV Power Inverter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Full Hybrid Vehicle Inverter
- Plug-in Hybrid Vehicle Inverter
- Battery Electric Vehicle Inverter
- Fuel Cell Electric Vehicle Inverter
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the EV Power Inverter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An EV power inverter is a device that converts electricity from an alternating current (AC) to direct current (DC), or vice versa. It can be used to power electric vehicles, solar panels, and other electrical equipment.
Some of the key players operating in the ev power inverter market are Continental AG, Robert Bosch GmbH, Hitachi Automotive, Toyota Industries, Denso, Delphi, Mitsubishi Electric, Metric mind, Fuji Electric, Infineon Technologies AG, Continental AG, Eaton, Marelli, Toshiba.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 EV Power Inverter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 EV Power Inverter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 EV Power Inverter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the EV Power Inverter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global EV Power Inverter Market Size & Forecast, 2018-2028
4.5.1 EV Power Inverter Market Size and Y-o-Y Growth
4.5.2 EV Power Inverter Market Absolute $ Opportunity
Chapter 5 Global EV Power Inverter Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 EV Power Inverter Market Size Forecast by Type
5.2.1 Full Hybrid Vehicle Inverter
5.2.2 Plug-in Hybrid Vehicle Inverter
5.2.3 Battery Electric Vehicle Inverter
5.2.4 Fuel Cell Electric Vehicle Inverter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global EV Power Inverter Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 EV Power Inverter Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global EV Power Inverter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 EV Power Inverter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America EV Power Inverter Analysis and Forecast
9.1 Introduction
9.2 North America EV Power Inverter Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America EV Power Inverter Market Size Forecast by Type
9.6.1 Full Hybrid Vehicle Inverter
9.6.2 Plug-in Hybrid Vehicle Inverter
9.6.3 Battery Electric Vehicle Inverter
9.6.4 Fuel Cell Electric Vehicle Inverter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America EV Power Inverter Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe EV Power Inverter Analysis and Forecast
10.1 Introduction
10.2 Europe EV Power Inverter Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe EV Power Inverter Market Size Forecast by Type
10.6.1 Full Hybrid Vehicle Inverter
10.6.2 Plug-in Hybrid Vehicle Inverter
10.6.3 Battery Electric Vehicle Inverter
10.6.4 Fuel Cell Electric Vehicle Inverter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe EV Power Inverter Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific EV Power Inverter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific EV Power Inverter Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific EV Power Inverter Market Size Forecast by Type
11.6.1 Full Hybrid Vehicle Inverter
11.6.2 Plug-in Hybrid Vehicle Inverter
11.6.3 Battery Electric Vehicle Inverter
11.6.4 Fuel Cell Electric Vehicle Inverter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific EV Power Inverter Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America EV Power Inverter Analysis and Forecast
12.1 Introduction
12.2 Latin America EV Power Inverter Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America EV Power Inverter Market Size Forecast by Type
12.6.1 Full Hybrid Vehicle Inverter
12.6.2 Plug-in Hybrid Vehicle Inverter
12.6.3 Battery Electric Vehicle Inverter
12.6.4 Fuel Cell Electric Vehicle Inverter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America EV Power Inverter Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) EV Power Inverter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) EV Power Inverter Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) EV Power Inverter Market Size Forecast by Type
13.6.1 Full Hybrid Vehicle Inverter
13.6.2 Plug-in Hybrid Vehicle Inverter
13.6.3 Battery Electric Vehicle Inverter
13.6.4 Fuel Cell Electric Vehicle Inverter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) EV Power Inverter Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 EV Power Inverter Market: Competitive Dashboard
14.2 Global EV Power Inverter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental AG
14.3.2 Robert Bosch GmbH
14.3.3 Hitachi Automotive
14.3.4 Toyota Industries
14.3.5 Denso
14.3.6 Delphi
14.3.7 Mitsubishi Electric
14.3.8 Metric mind
14.3.9 Fuji Electric
14.3.10 Infineon Technologies AG
14.3.11 Continental AG
14.3.12 Eaton
14.3.13 Marelli
14.3.14 Toshiba
