Global EV Power Inverter Market Overview

The Global EV Power Inverter Market size is expected to grow from USD 9.57 billion in 2022 to USD 21.12 billion by 2030, at a CAGR of 10.4% during the forecast period (2023-2030).

The use of power inverters in electric vehicles is becoming widespread. Direct current (DC) is changed into alternating current (AC) by the inverter, enabling the operation of the motors in electric cars. Different inverter types, such as traction inverters and soft-switching inverters, are employed in electric cars. Additionally, because the produced voltage and input voltage have opposing polarity and produce current when the engine is switched on, the electric vehicle power inverter aids in the generation of extremely high current. As a result, the market for electric vehicle power inverters is expanding due to the rise in demand for electric automobiles. Electric brake demand has increased as a result of increased demand for electric automobiles. The demand for electric car power inverters is boosted by the electrical parking brake system. The market for inverters is also anticipated to be driven by the sales of electric cars. Electric automobiles, therefore, fuel the expansion of the market for electric vehicle power inverters.

Market Dynamics And Factors For EV Power Inverter Market

Drivers:

• Increasing the Use of Electric Cars and Supporting Government Efforts to Create Pollution-Free Environments.

Restraints:

• The Market's Expansion Is Hampered by High Current Flow and Constant Electric Motor Fuses Failure.

Opportunities:

• Highly Efficient and Compact Size EV Power Inverters.

Challenges:

• High Voltage-Related Rise in Temperature Presents Threat to Inverter.

COVID-19 Impact Analysis on EV Power Inverter Market

The quick impact of COVID-19 on the automotive sector has slowed the market expansion for power inverters for electric vehicles. The market was anticipated to develop significantly as a result of the car industry's explosive growth. The market, however, is anticipated to drop in the near term until the situation stabilizes as a result of COVID-19. Lockdown and low demand are causing industries to produce at a slower rate. It is anticipated that all work will ultimately close less often. Many of these businesses ceased producing as a result of the non-operation of cars during COVID-19, which inhibited the expansion of the market for electric vehicle power inverters. The demand for electric car power inverters has significantly decreased, and there has been a restriction on cash inflow.

Top Key Players Involved Are:

• 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 and other major players.

Key Industry Developments In EV Power Inverter Market

• November 2021, The Suzhou Industrial Park factory of BorgWarner announced plans for the second phase of development, with production beginning in the middle of 2023. To lead the power electronics technology in the Chinese market, BorgWarner's Suzhou facility's R&D Center will concentrate on the entire spectrum of electronics design and development, including power electronics, inverters, and DC/DC converters.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Propulsion
 3.2 By Inverter Type
 3.3 By Vehicle Type

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: EV Power Inverter Market by Propulsion
 5.1 EV Power Inverter Market Overview Snapshot and Growth Engine
 5.2 EV Power Inverter Market Overview
 5.3 Full Hybrid Vehicle
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Full Hybrid Vehicle: Grographic Segmentation
 5.4 Plug-in Hybrid Vehicle
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Plug-in Hybrid Vehicle: Grographic Segmentation
 5.5 Battery Electric Vehicle
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Battery Electric Vehicle: Grographic Segmentation

Chapter 6: EV Power Inverter Market by Inverter Type
 6.1 EV Power Inverter Market Overview Snapshot and Growth Engine
 6.2 EV Power Inverter Market Overview
 6.3 Traction Inverter
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Traction Inverter: Grographic Segmentation
 6.4 Soft Switching Inverter
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Soft Switching Inverter: Grographic Segmentation

Chapter 7: EV Power Inverter Market by Vehicle Type
 7.1 EV Power Inverter Market Overview Snapshot and Growth Engine
 7.2 EV Power Inverter Market Overview
 7.3 Passenger Vehicle
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Passenger Vehicle: Grographic Segmentation
 7.4 Commercial Vehicle
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Commercial Vehicle: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 EV Power Inverter Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 EV Power Inverter Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 EV Power Inverter Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 APTIV
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 CONTINENTAL AG
 8.4 DENSO CORPORATION
 8.5 HITACHI AUTOMOTIVE SYSTEMS LTD
 8.6 INFINEON TECHNOLOGIES AG
 8.7 MEIDENSHA CORPORATION
 8.8 MITSUBISHI ELECTRIC CORPORATION
 8.9 ROBERT BOSCH GMBH
 8.10 TOYOTA INDUSTRIES CORPORATION
 8.11 VALEO GROUP
 8.12 OTHER MAJOR PLAYERS

Chapter 9: Global EV Power Inverter Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Propulsion
  9.2.1 Full Hybrid Vehicle
  9.2.2 Plug-in Hybrid Vehicle
  9.2.3 Battery Electric Vehicle
 9.3 Historic and Forecasted Market Size By Inverter Type
  9.3.1 Traction Inverter
  9.3.2 Soft Switching Inverter
 9.4 Historic and Forecasted Market Size By Vehicle Type
  9.4.1 Passenger Vehicle
  9.4.2 Commercial Vehicle

Chapter 10: North America EV Power Inverter Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Propulsion
  10.4.1 Full Hybrid Vehicle
  10.4.2 Plug-in Hybrid Vehicle
  10.4.3 Battery Electric Vehicle
 10.5 Historic and Forecasted Market Size By Inverter Type
  10.5.1 Traction Inverter
  10.5.2 Soft Switching Inverter
 10.6 Historic and Forecasted Market Size By Vehicle Type
  10.6.1 Passenger Vehicle
  10.6.2 Commercial Vehicle
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Europe EV Power Inverter Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Propulsion
  11.4.1 Full Hybrid Vehicle
  11.4.2 Plug-in Hybrid Vehicle
  11.4.3 Battery Electric Vehicle
 11.5 Historic and Forecasted Market Size By Inverter Type
  11.5.1 Traction Inverter
  11.5.2 Soft Switching Inverter
 11.6 Historic and Forecasted Market Size By Vehicle Type
  11.6.1 Passenger Vehicle
  11.6.2 Commercial Vehicle
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe

Chapter 12: Asia-Pacific EV Power Inverter Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Propulsion
  12.4.1 Full Hybrid Vehicle
  12.4.2 Plug-in Hybrid Vehicle
  12.4.3 Battery Electric Vehicle
 12.5 Historic and Forecasted Market Size By Inverter Type
  12.5.1 Traction Inverter
  12.5.2 Soft Switching Inverter
 12.6 Historic and Forecasted Market Size By Vehicle Type
  12.6.1 Passenger Vehicle
  12.6.2 Commercial Vehicle
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC

Chapter 13: Middle East & Africa EV Power Inverter Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Propulsion
  13.4.1 Full Hybrid Vehicle
  13.4.2 Plug-in Hybrid Vehicle
  13.4.3 Battery Electric Vehicle
 13.5 Historic and Forecasted Market Size By Inverter Type
  13.5.1 Traction Inverter
  13.5.2 Soft Switching Inverter
 13.6 Historic and Forecasted Market Size By Vehicle Type
  13.6.1 Passenger Vehicle
  13.6.2 Commercial Vehicle
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA

Chapter 14: South America EV Power Inverter Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Propulsion
  14.4.1 Full Hybrid Vehicle
  14.4.2 Plug-in Hybrid Vehicle
  14.4.3 Battery Electric Vehicle
 14.5 Historic and Forecasted Market Size By Inverter Type
  14.5.1 Traction Inverter
  14.5.2 Soft Switching Inverter
 14.6 Historic and Forecasted Market Size By Vehicle Type
  14.6.1 Passenger Vehicle
  14.6.2 Commercial Vehicle
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. EV POWER INVERTER MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. EV POWER INVERTER MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. EV POWER INVERTER MARKET COMPETITIVE RIVALRY
TABLE 005. EV POWER INVERTER MARKET THREAT OF NEW ENTRANTS
TABLE 006. EV POWER INVERTER MARKET THREAT OF SUBSTITUTES
TABLE 007. EV POWER INVERTER MARKET BY PROPULSION
TABLE 008. FULL HYBRID VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 009. PLUG-IN HYBRID VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 010. BATTERY ELECTRIC VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 011. EV POWER INVERTER MARKET BY INVERTER TYPE
TABLE 012. TRACTION INVERTER MARKET OVERVIEW (2016-2028)
TABLE 013. SOFT SWITCHING INVERTER MARKET OVERVIEW (2016-2028)
TABLE 014. EV POWER INVERTER MARKET BY VEHICLE TYPE
TABLE 015. PASSENGER VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 016. COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA EV POWER INVERTER MARKET, BY PROPULSION (2016-2028)
TABLE 018. NORTH AMERICA EV POWER INVERTER MARKET, BY INVERTER TYPE (2016-2028)
TABLE 019. NORTH AMERICA EV POWER INVERTER MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 020. N EV POWER INVERTER MARKET, BY COUNTRY (2016-2028)
TABLE 021. EUROPE EV POWER INVERTER MARKET, BY PROPULSION (2016-2028)
TABLE 022. EUROPE EV POWER INVERTER MARKET, BY INVERTER TYPE (2016-2028)
TABLE 023. EUROPE EV POWER INVERTER MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 024. EV POWER INVERTER MARKET, BY COUNTRY (2016-2028)
TABLE 025. ASIA PACIFIC EV POWER INVERTER MARKET, BY PROPULSION (2016-2028)
TABLE 026. ASIA PACIFIC EV POWER INVERTER MARKET, BY INVERTER TYPE (2016-2028)
TABLE 027. ASIA PACIFIC EV POWER INVERTER MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 028. EV POWER INVERTER MARKET, BY COUNTRY (2016-2028)
TABLE 029. MIDDLE EAST & AFRICA EV POWER INVERTER MARKET, BY PROPULSION (2016-2028)
TABLE 030. MIDDLE EAST & AFRICA EV POWER INVERTER MARKET, BY INVERTER TYPE (2016-2028)
TABLE 031. MIDDLE EAST & AFRICA EV POWER INVERTER MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 032. EV POWER INVERTER MARKET, BY COUNTRY (2016-2028)
TABLE 033. SOUTH AMERICA EV POWER INVERTER MARKET, BY PROPULSION (2016-2028)
TABLE 034. SOUTH AMERICA EV POWER INVERTER MARKET, BY INVERTER TYPE (2016-2028)
TABLE 035. SOUTH AMERICA EV POWER INVERTER MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 036. EV POWER INVERTER MARKET, BY COUNTRY (2016-2028)
TABLE 037. APTIV: SNAPSHOT
TABLE 038. APTIV: BUSINESS PERFORMANCE
TABLE 039. APTIV: PRODUCT PORTFOLIO
TABLE 040. APTIV: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. CONTINENTAL AG: SNAPSHOT
TABLE 041. CONTINENTAL AG: BUSINESS PERFORMANCE
TABLE 042. CONTINENTAL AG: PRODUCT PORTFOLIO
TABLE 043. CONTINENTAL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. DENSO CORPORATION: SNAPSHOT
TABLE 044. DENSO CORPORATION: BUSINESS PERFORMANCE
TABLE 045. DENSO CORPORATION: PRODUCT PORTFOLIO
TABLE 046. DENSO CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. HITACHI AUTOMOTIVE SYSTEMS LTD: SNAPSHOT
TABLE 047. HITACHI AUTOMOTIVE SYSTEMS LTD: BUSINESS PERFORMANCE
TABLE 048. HITACHI AUTOMOTIVE SYSTEMS LTD: PRODUCT PORTFOLIO
TABLE 049. HITACHI AUTOMOTIVE SYSTEMS LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. INFINEON TECHNOLOGIES AG: SNAPSHOT
TABLE 050. INFINEON TECHNOLOGIES AG: BUSINESS PERFORMANCE
TABLE 051. INFINEON TECHNOLOGIES AG: PRODUCT PORTFOLIO
TABLE 052. INFINEON TECHNOLOGIES AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. MEIDENSHA CORPORATION: SNAPSHOT
TABLE 053. MEIDENSHA CORPORATION: BUSINESS PERFORMANCE
TABLE 054. MEIDENSHA CORPORATION: PRODUCT PORTFOLIO
TABLE 055. MEIDENSHA CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. MITSUBISHI ELECTRIC CORPORATION: SNAPSHOT
TABLE 056. MITSUBISHI ELECTRIC CORPORATION: BUSINESS PERFORMANCE
TABLE 057. MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 058. MITSUBISHI ELECTRIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. ROBERT BOSCH GMBH: SNAPSHOT
TABLE 059. ROBERT BOSCH GMBH: BUSINESS PERFORMANCE
TABLE 060. ROBERT BOSCH GMBH: PRODUCT PORTFOLIO
TABLE 061. ROBERT BOSCH GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. TOYOTA INDUSTRIES CORPORATION: SNAPSHOT
TABLE 062. TOYOTA INDUSTRIES CORPORATION: BUSINESS PERFORMANCE
TABLE 063. TOYOTA INDUSTRIES CORPORATION: PRODUCT PORTFOLIO
TABLE 064. TOYOTA INDUSTRIES CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. VALEO GROUP: SNAPSHOT
TABLE 065. VALEO GROUP: BUSINESS PERFORMANCE
TABLE 066. VALEO GROUP: PRODUCT PORTFOLIO
TABLE 067. VALEO GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 068. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 069. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 070. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. EV POWER INVERTER MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. EV POWER INVERTER MARKET OVERVIEW BY PROPULSION
FIGURE 012. FULL HYBRID VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 013. PLUG-IN HYBRID VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 014. BATTERY ELECTRIC VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 015. EV POWER INVERTER MARKET OVERVIEW BY INVERTER TYPE
FIGURE 016. TRACTION INVERTER MARKET OVERVIEW (2016-2028)
FIGURE 017. SOFT SWITCHING INVERTER MARKET OVERVIEW (2016-2028)
FIGURE 018. EV POWER INVERTER MARKET OVERVIEW BY VEHICLE TYPE
FIGURE 019. PASSENGER VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 020. COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA EV POWER INVERTER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE EV POWER INVERTER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC EV POWER INVERTER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA EV POWER INVERTER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA EV POWER INVERTER MARKET OVERVIEW BY COUNTRY (2016-2028)