Market Overview:
The global vehicle inverters market is expected to grow at a CAGR of 7.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for electric and hybrid vehicles across the globe. Additionally, government initiatives towards promoting electric and hybrid vehicles are also fueling the growth of this market. The global vehicle inverters market is segmented on the basis of type, application, and region. On the basis of type, it is divided into up to 130kW and above 130kW segments. The up to 130kW segment held a major share in 2017 owing to its low cost as compared to above 130 kW inverters. However, with technological advancements in this field, higher power inverters are becoming more affordable which is expected to fuel the growth of above130 kW segment over the forecast period 2018-2030 .On basis if application ,the global vehicle inverters market is classified into battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) segments . BEVs held a dominant share in 2017 due high efficiency offered by these systems as compared t o other types of electrified vehicles such as HEV & PHEVs .
Product Definition:
A vehicle inverter is a device that converts direct current (DC) to alternating current (AC). This is important because most devices, such as laptops and cell phones, use AC power. A vehicle inverter can be used to power these devices while on the go.
Up to 130kW:
The up to 130kW usage is expected to grow at a significant rate over the forecast period. The growth can be attributed to the growing demand for higher power inverters in commercial and industrial applications. In addition, technological advancements have led to improved efficiency of these systems which has further driven their adoption across various sectors including construction equipment, marine and so on.
In recent times, there has been an increased focus on developing countries such as India.
Above 130kW:
The global vehicle inverters market size was valued at USD 7.0 billion in 2015 and is expected to witness significant growth over the forecast period owing to increasing demand for electric vehicles (EVs). The growing need for continuous power supply in EVs has led to an increase in the installation of these systems, which are primarily used as backup power sources.
Application Insights:
The global vehicle inverters market has been segmented on the basis of application into battery electric vehicles (BEV), hybrid electric vehicles (HEV), and plug-in hybrid electric vehicles (PHEV). The PHEV segment is anticipated to witness significant growth over the forecast period owing to increasing government funding for promoting adoption of such automobiles.
Battery-operated cars have a major impact on society as they reduce pollution caused due to emission from conventional combustion engine cars. They also reduce congestion as they are able to drive in any direction without having to turn around. These factors are likely to promote the demand for BEVs over the forecast period thereby driving the overall industry growth. Increasing R&D activities pertaining towards integration of vehicle electronics with powertrain is expected fuel industry expansion at a CAGR exceeding 10% from 2018 through 2030.
Regional Analysis:
Asia Pacific region accounted for the largest share of over 45% in 2017. The region is expected to witness significant growth owing to increasing government subsidies and FDI investments. Countries, such as China and Japan, are anticipated to lead the regional market during the forecast period. Increasing demand for electric vehicles in China on account of supportive policies aimed at reducing carbon emissions from conventional vehicles is expected to drive regional vehicle inverters market growth over the forecast period.
North America was estimated at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing high adoption rates of advanced energy systems across U.S.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This will lead to an increase in the demand for vehicle inverters as they are used to convert direct current (DC) from batteries into alternating current (AC) that is used by electrical equipment in the car.
- Development of advanced technologies: Vehicle inverters are becoming increasingly sophisticated with the development of new technologies such as high-frequency switching and power factor correction. This is helping to improve their efficiency and performance, which is resulting in higher demand from consumers.
- Growing popularity of hybrid vehicles: Hybrid cars use both gasoline and electricity, which makes them more efficient than traditional petrol or diesel cars. As a result, their popularity is growing rapidly all over the world, thereby leading to an increase in demand for vehicle inverters.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Inverters Market Research Report
By Type
Up to 130kW, Above 130kW
By Application
Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV)
By Companies
Continental, Robert Bosch, Denso, Delphi Technologies, Mitsubishi Electric, Hitachi, Valeo, Fuji Electric, Lear Corporation, Toshiba, Calsonic Kansei
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Inverters Market Report Segments:
The global Vehicle Inverters market is segmented on the basis of:
Types
Up to 130kW, Above 130kW
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
Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV)
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
- Robert Bosch
- Denso
- Delphi Technologies
- Mitsubishi Electric
- Hitachi
- Valeo
- Fuji Electric
- Lear Corporation
- Toshiba
- Calsonic Kansei
Highlights of The Vehicle Inverters 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:
- Up to 130kW
- Above 130kW
- By Application:
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- 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 Vehicle Inverters 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.
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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?
Vehicle inverters are devices that convert the electrical energy from a regular outlet into DC electricity to power your car. This is important because many places in the world don't have access to AC power, so you'll need to bring your own converter if you're going to be using an inverter while travelling.
Some of the major players in the vehicle inverters market are Continental, Robert Bosch, Denso, Delphi Technologies, Mitsubishi Electric, Hitachi, Valeo, Fuji Electric, Lear Corporation, Toshiba, Calsonic Kansei.
The vehicle inverters market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vehicle Inverters Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vehicle Inverters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vehicle Inverters Market - Supply Chain
4.5. Global Vehicle Inverters Market Forecast
4.5.1. Vehicle Inverters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vehicle Inverters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vehicle Inverters Market Absolute $ Opportunity
5. Global Vehicle Inverters Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vehicle Inverters Market Size and Volume Forecast by Type
5.3.1. Up to 130kW
5.3.2. Above 130kW
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vehicle Inverters Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vehicle Inverters Market Size and Volume Forecast by Application
6.3.1. Battery Electric Vehicle (BEV)
6.3.2. Hybrid Electric Vehicle (HEV)
6.3.3. Plug-In Hybrid Electric Vehicle (PHEV)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vehicle Inverters Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vehicle Inverters Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vehicle Inverters Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vehicle Inverters Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vehicle Inverters Demand Share Forecast, 2019-2029
9. North America Vehicle Inverters Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vehicle Inverters Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vehicle Inverters Market Size and Volume Forecast by Application
9.4.1. Battery Electric Vehicle (BEV)
9.4.2. Hybrid Electric Vehicle (HEV)
9.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vehicle Inverters Market Size and Volume Forecast by Type
9.7.1. Up to 130kW
9.7.2. Above 130kW
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vehicle Inverters Demand Share Forecast, 2019-2029
10. Latin America Vehicle Inverters Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vehicle Inverters Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vehicle Inverters Market Size and Volume Forecast by Application
10.4.1. Battery Electric Vehicle (BEV)
10.4.2. Hybrid Electric Vehicle (HEV)
10.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vehicle Inverters Market Size and Volume Forecast by Type
10.7.1. Up to 130kW
10.7.2. Above 130kW
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vehicle Inverters Demand Share Forecast, 2019-2029
11. Europe Vehicle Inverters Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vehicle Inverters Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vehicle Inverters Market Size and Volume Forecast by Application
11.4.1. Battery Electric Vehicle (BEV)
11.4.2. Hybrid Electric Vehicle (HEV)
11.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vehicle Inverters Market Size and Volume Forecast by Type
11.7.1. Up to 130kW
11.7.2. Above 130kW
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growt Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vehicle Inverters Demand Share, 2019-2029
12. Asia Pacific Vehicle Inverters Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vehicle Inverters Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vehicle Inverters Market Size and Volume Forecast by Application
12.4.1. Battery Electric Vehicle (BEV)
12.4.2. Hybrid Electric Vehicle (HEV)
12.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vehicle Inverters Market Size and Volume Forecast by Type
12.7.1. Up to 130kW
12.7.2. Above 130kW
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vehicle Inverters Demand Share, 2019-2029
13. Middle East & Africa Vehicle Inverters Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vehicle Inverters Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vehicle Inverters Market Size and Volume Forecast by Application
13.4.1. Battery Electric Vehicle (BEV)
13.4.2. Hybrid Electric Vehicle (HEV)
13.4.3. Plug-In Hybrid Electric Vehicle (PHEV)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vehicle Inverters Market Size and Volume Forecast by Type
13.7.1. Up to 130kW
13.7.2. Above 130kW
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vehicle Inverters Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Vehicle Inverters Market: Market Share Analysis
14.2. Vehicle Inverters Distributors and Customers
14.3. Vehicle Inverters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Continental
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Robert Bosch
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Denso
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Delphi Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mitsubishi Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hitachi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Valeo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fuji Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lear Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Toshiba
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Calsonic Kansei
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
