Product Code: ANV4336
REPORT HIGHLIGHT
Traction Inverter Market size was valued at USD 19,998 Million in 2023, expanding at a CAGR of 16.0% from 2024 to 2032.
The Traction Inverter Market is focused on providing efficient power conversion solutions for electric vehicles (EVs), trains, and other transportation systems. Traction inverters play a critical role in converting DC from batteries to AC, enabling smooth and reliable motor operation. The increasing demand for electric mobility, alongside the global push towards reducing carbon emissions, has accelerated the adoption of traction inverters in EVs and electric rail systems. In 2022, the electric vehicle fleet reached over 10 million globally, highlighting the growing importance of these inverters in the transportation industry. However, the market faces challenges such as high manufacturing costs and the complexity of developing efficient power conversion systems. Still, opportunities exist with the continuous advancements in semiconductor materials, like silicon carbide (SiC), which are improving inverter performance. Additionally, government incentives for electric transportation and sustainable technologies further fuel market growth. The expansion of electric rail networks worldwide also opens new avenues for traction inverter applications.
Traction Inverter Market- Market Dynamics
Increasing Demand for Electric Mobility Accelerates Growth in the Traction Inverter Market
The rising demand for electric mobility is significantly boosting the traction inverter market. According to the International Energy Agency (IEA), global electric car sales surpassed 10 million in 2022, contributing to a growing need for efficient power conversion systems in electric vehicles (EVs). Traction inverters are essential components in EVs, as they manage power from the battery to the motor, ensuring optimal performance and energy efficiency. Furthermore, countries like the U.S. and China are pushing for electric vehicle adoption, with governments offering incentives and subsidies to promote clean energy solutions. In Europe, the European Commission's "Fit for 55" plan, which aims to cut emissions by 55% by 2030, is also accelerating the shift towards electric transportation, thus creating more opportunities for traction inverter manufacturers. As automakers increasingly turn to electric platforms, the demand for advanced traction inverters is expected to rise, driving further technological advancements and market growth.
Traction Inverter Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 16.0% over the forecast period (2024-2032)
Based on Component segmentation, IGBT modules was predicted to show maximum market share in the year 2023
Based on Voltage Range segmentation, High Voltage (>600V) was the leading type in 2023
Based on Propulsion Type segmentation, Electric propulsion was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
Traction Inverter Market- Segmentation Analysis:
The Global Traction Inverter Market is segmented on the basis of Component, Voltage Range, Propulsion Type, End-User, and Region.
The market is divided into three categories based on Component: IGBT Modules, MOSFET Modules, and Capacitors. IGBT modules are expected to lead the Traction Inverter Market due to their high efficiency and ability to handle high voltage and current levels. Following them, MOSFET modules are preferred for lower voltage applications, while capacitors play a supporting role in energy storage and smoothing.
The market is divided into three categories based on Voltage Range: Low Voltage (<300V), Medium Voltage (300-600V), and High Voltage (>600V). The high voltage (>600V) segment is anticipated to dominate the Traction Inverter Market due to its use in electric vehicles and heavy-duty transportation. Medium voltage (300-600V) follows, while low voltage (<300V) is primarily used in smaller, less demanding applications.
Traction Inverter Market- Geographical Insights
The Asia-Pacific region, particularly China, holds the largest share in the Traction Inverter Market, driven by the rapid adoption of electric vehicles (EVs) and robust government initiatives aimed at reducing carbon emissions. China's EV market is the largest in the world, with over 6.5 million electric vehicles sold in 2022 alone, accounting for nearly half of global EV sales. This has accelerated the demand for efficient traction inverters in electric buses, trains, and passenger vehicles. The Indian government's push to promote electric mobility through incentives like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme also contributes to the market's growth in the region. In Japan, companies like Mitsubishi Electric and Toshiba are actively launching new traction inverters with higher efficiency and lower costs. Furthermore, the European market is witnessing a surge in traction inverter adoption, fueled by the European Union's regulatory measures for emission reductions and the increased focus on electric rail transport. These trends are driving regional competition and innovation in the market.
Traction Inverter Market- Competitive Landscape:
The competitive landscape of the Traction Inverter Market is characterized by major players like Siemens, ABB, and Mitsubishi Electric, with a strong focus on expanding their product portfolios and enhancing efficiency. These companies are particularly focused on the Asia-Pacific and European markets, where electric vehicle adoption is accelerating. Siemens, for example, launched its new high-efficiency traction inverters designed for rail applications in 2022, aimed at enhancing energy savings in public transport systems. In March 2023, ABB introduced a next-generation traction inverter for electric buses, emphasizing its compact design and high performance. Additionally, the merger between Panasonic and Tesla in 2021, focused on electric vehicle batteries and powertrains, underscores the importance of traction inverters in the broader EV ecosystem. In Europe, the European Union's Green Deal and its push towards electrification in transportation continue to boost the market. With regulations tightening around carbon emissions, traction inverter manufacturers are collaborating and innovating to offer energy-efficient solutions for electric buses, trains, and vehicles.
Recent Developments:
In June 2024, NXP Semiconductors partnered with ZF Friedrichshafen to develop next-generation SiC-based traction inverter solutions for electric vehicles. Utilizing NXP's GD316x high-voltage gate drivers, these inverters aim to enhance efficiency, extend EV range, and reduce charging stops.
In July 2024, onsemi was selected as the primary provider for Volkswagen Group's next-generation electric vehicles, delivering a fully optimized power system solution based on its latest EliteSiC M3e platform. This collaboration aims to enhance electric vehicle performance and efficiency.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL TRACTION INVERTER MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
- BYD Company Limited
- Continental AG
- Dana Incorporated
- Delphi Technologies PLC
- Denso Corporation
- Hitachi Automotive Systems, Ltd.
- Infineon Technologies AG
- Lear Corporation
- Mitsubishi Electric Corporation
- Robert Bosch GmbH
- Semikron International GmbH
- Siemens AG
- STMicroelectronics N.V.
- Toyota Industries Corporation
- Valeo S.A.
- Yaskawa Electric Corporation
- Others
GLOBAL TRACTION INVERTER MARKET, BY COMPONENT- MARKET ANALYSIS, 2019 - 2032
- IGBT Modules
- MOSFET Modules
- Capacitors
GLOBAL TRACTION INVERTER MARKET, BY VOLTAGE RANGE- MARKET ANALYSIS, 2019 - 2032
- Low Voltage (<300V)
- Medium Voltage (300-600V)
- High Voltage (>600V)
GLOBAL TRACTION INVERTER MARKET, BY PROPULSION TYPE- MARKET ANALYSIS, 2019 - 2032
- Battery Electric Vehicles (BEVs)
- Hybrid Electric Vehicles (HEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
GLOBAL TRACTION INVERTER MARKET, BY END-USER- MARKET ANALYSIS, 2019 - 2032
- Automotive
- Railways
- Industrial
GLOBAL TRACTION INVERTER MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA
Table of Contents
1. Traction Inverter Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Traction Inverter Market Snippet by Component
- 2.1.2. Traction Inverter Market Snippet by Voltage Range
- 2.1.3. Traction Inverter Market Snippet by Propulsion Type
- 2.1.4. Traction Inverter Market Snippet by End-User
- 2.1.5. Traction Inverter Market Snippet by Country
- 2.1.6. Traction Inverter Market Snippet by Region
- 2.2. Competitive Insights
3. Traction Inverter Key Market Trends
- 3.1. Traction Inverter Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Traction Inverter Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Traction Inverter Market Opportunities
- 3.4. Traction Inverter Market Future Trends
4. Traction Inverter Industry Study
- 4.1. PEST Analysis
- 4.2. Porter's Five Forces Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Traction Inverter Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Traction Inverter Market Landscape
- 6.1. Traction Inverter Market Share Analysis, 2023
- 6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis
7. Traction Inverter Market - By Component
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Component, 2023 & 2032 (%)
- 7.1.2. IGBT Modules
- 7.1.3. MOSFET Modules
- 7.1.4. Capacitors
8. Traction Inverter Market - By Voltage Range
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Voltage Range, 2023 & 2032 (%)
- 8.1.2. Low Voltage (<300V)
- 8.1.3. Medium Voltage (300-600V)
- 8.1.4. High Voltage (>600V)
9. Traction Inverter Market - By Propulsion Type
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By Propulsion Type, 2023 & 2032 (%)
- 9.1.2. Battery Electric Vehicles (BEVs)
- 9.1.3. Hybrid Electric Vehicles (HEVs)
- 9.1.4. Plug-in Hybrid Electric Vehicles (PHEVs)
10. Traction Inverter Market - By End-User
- 10.1. Overview
- 10.1.1. Segment Share Analysis, By End-User, 2023 & 2032 (%)
- 10.1.2. Automotive
- 10.1.3. Railways
- 10.1.4. Industrial
11. Traction Inverter Market- By Geography
- 11.1. Introduction
- 11.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
- 11.2. North America
- 11.2.1. Overview
- 11.2.2. Traction Inverter Key Manufacturers in North America
- 11.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 11.2.4. North America Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.2.5. North America Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.2.6. North America Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.2.7. North America Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.2.8. U.S.
- 11.2.8.1. Overview
- 11.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.2.8.3. U.S. Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.2.8.4. U.S. Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.2.8.5. U.S. Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.2.8.6. U.S. Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.2.9. Canada
- 11.2.9.1. Overview
- 11.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.2.9.3. Canada Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.2.9.4. Canada Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.2.9.5. Canada Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.2.9.6. Canada Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.3. Europe
- 11.3.1. Overview
- 11.3.2. Traction Inverter Key Manufacturers in Europe
- 11.3.3. Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 11.3.4. Europe Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.3.5. Europe Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.3.6. Europe Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.3.7. Europe Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.3.8. Germany
- 11.3.8.1. Overview
- 11.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.3.8.3. Germany Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.3.8.4. Germany Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.3.8.5. Germany Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.3.8.6. Germany Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.3.9. Italy
- 11.3.9.1. Overview
- 11.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.3.9.3. Italy Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.3.9.4. Italy Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.3.9.5. Italy Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.3.9.6. Italy Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.3.10. United Kingdom
- 11.3.10.1. Overview
- 11.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.3.10.3. United Kingdom Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.3.10.4. United Kingdom Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.3.10.5. United Kingdom Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.3.10.6. United Kingdom Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.3.11. France
- 11.3.11.1. Overview
- 11.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.3.11.3. France Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.3.11.4. France Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.3.11.5. France Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.3.11.6. France Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.3.12. Russia
- 11.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.3.12.2. Russia Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.3.12.3. Russia Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.3.12.4. Russia Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.3.12.5. Russia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.3.13. Netherlands
- 11.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.3.13.2. Netherlands Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.3.13.3. Netherlands Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.3.13.4. Netherlands Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.3.13.5. Netherlands Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.3.14. Sweden
- 11.3.14.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.3.14.2. Sweden Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.3.14.3. Sweden Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.3.14.4. Sweden Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.3.14.5. Sweden Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.3.15. Poland
- 11.3.15.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.3.15.2. Poland Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.3.15.3. Poland Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.3.15.4. Poland Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.3.15.5. Poland Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.3.16. Rest of Europe
- 11.3.16.1. Overview
- 11.3.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.3.16.3. Rest of the Europe Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.3.16.4. Rest of the Europe Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.3.16.5. Rest of the Europe Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.3.16.6. Rest of the Europe Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.4. Asia Pacific (APAC)
- 11.4.1. Overview
- 11.4.2. Traction Inverter Key Manufacturers in Asia Pacific
- 11.4.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 11.4.4. Asia Pacific Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.4.5. Asia Pacific Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.4.6. Asia Pacific Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.4.7. Asia Pacific Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.4.8. India
- 11.4.8.1. Overview
- 11.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.4.8.3. India Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.4.8.4. India Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.4.8.5. India Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.4.8.6. India Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.4.9. China
- 11.4.9.1. Overview
- 11.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.4.9.3. China Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.4.9.4. China Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.4.9.5. China Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.4.9.6. China Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.4.10. Japan
- 11.4.10.1. Overview
- 11.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.4.10.3. Japan Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.4.10.4. Japan Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.4.10.5. Japan Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.4.10.6. Japan Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.4.11. South Korea
- 11.4.11.1. Overview
- 11.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.4.11.3. South Korea Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.4.11.4. South Korea Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.4.11.5. South Korea Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.4.11.6. South Korea Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.4.12. Australia
- 11.4.12.1. Overview
- 11.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.4.12.3. Australia Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.4.12.4. Australia Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.4.12.5. Australia Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.4.12.6. Australia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.4.13. Thailand
- 11.4.13.1. Overview
- 11.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.4.13.3. Thailand Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.4.13.4. Thailand Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.4.13.5. Thailand Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.4.13.6. Thailand Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.4.14. Indonesia
- 11.4.14.1. Overview
- 11.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.4.14.3. Indonesia Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.4.14.4. Indonesia Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.4.14.5. Indonesia Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.4.14.6. Indonesia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.4.15. Philippines
- 11.4.15.1. Overview
- 11.4.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.4.15.3. Philippines Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.4.15.4. Philippines Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.4.15.5. Philippines Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.4.15.6. Philippines Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.4.16. Rest of APAC
- 11.4.16.1. Overview
- 11.4.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.4.16.3. Rest of APAC Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.4.16.4. Rest of APAC Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.4.16.5. Rest of APAC Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.4.16.6. Rest of APAC Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.5. Latin America
- 11.5.1. Overview
- 11.5.2. Traction Inverter Key Manufacturers in Latin America
- 11.5.3. Latin America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 11.5.4. Latin America Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.5.5. Latin America Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.5.6. Latin America Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.5.7. Latin America Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.5.8. Brazil
- 11.5.8.1. Overview
- 11.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.5.8.3. Brazil Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.5.8.4. Brazil Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.5.8.5. Brazil Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.5.8.6. Brazil Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.5.9. Mexico
- 11.5.9.1. Overview
- 11.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.5.9.3. Mexico Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.5.9.4. Mexico Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.5.9.5. Mexico Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.5.9.6. Mexico Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.5.10. Argentina
- 11.5.10.1. Overview
- 11.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.5.10.3. Argentina Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.5.10.4. Argentina Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.5.10.5. Argentina Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.5.10.6. Argentina Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.5.11. Colombia
- 11.5.11.1. Overview
- 11.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.5.11.3. Colombia Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.5.11.4. Colombia Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.5.11.5. Colombia Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.5.11.6. Colombia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.5.12. Rest of LATAM
- 11.5.12.1. Overview
- 11.5.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.5.12.3. Rest of LATAM Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.5.12.4. Rest of LATAM Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.5.12.5. Rest of LATAM Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.5.12.6. Rest of LATAM Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.6. Middle East and Africa
- 11.6.1. Overview
- 11.6.2. Traction Inverter Key Manufacturers in Middle East and Africa
- 11.6.3. Middle East and Africa Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 11.6.4. Middle East and Africa Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.6.5. Middle East and Africa Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.6.6. Middle East and Africa Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.6.7. Middle East and Africa Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.6.8. Saudi Arabia
- 11.6.8.1. Overview
- 11.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.6.8.3. Saudi Arabia Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.6.8.4. Saudi Arabia Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.6.8.5. Saudi Arabia Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.6.8.6. Saudi Arabia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.6.9. United Arab Emirates
- 11.6.9.1. Overview
- 11.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.6.9.3. United Arab Emirates Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.6.9.4. United Arab Emirates Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.6.9.5. United Arab Emirates Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.6.9.6. United Arab Emirates Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.6.10. Israel
- 11.6.10.1. Overview
- 11.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.6.10.3. Israel Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.6.10.4. Israel Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.6.10.5. Israel Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.6.10.6. Israel Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.6.11. Turkey
- 11.6.11.1. Overview
- 11.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.6.11.3. Turkey Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.6.11.4. Turkey Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.6.11.5. Turkey Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.6.11.6. Turkey Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.6.12. Algeria
- 11.6.12.1. Overview
- 11.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.6.12.3. Algeria Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.6.12.4. Algeria Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.6.12.5. Algeria Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.6.12.6. Algeria Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.6.13. Egypt
- 11.6.13.1. Overview
- 11.6.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.6.13.3. Egypt Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.6.13.4. Egypt Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.6.13.5. Egypt Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.6.13.6. Egypt Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.6.14. Rest of MEA
- 11.6.14.1. Overview
- 11.6.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.6.14.3. Rest of MEA Market Size and Forecast, By Component, 2019 - 2032 (US$ Million)
- 11.6.14.4. Rest of MEA Market Size and Forecast, By Voltage Range, 2019 - 2032 (US$ Million)
- 11.6.14.5. Rest of MEA Market Size and Forecast, By Propulsion Type, 2019 - 2032 (US$ Million)
- 11.6.14.6. Rest of MEA Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
12. Key Vendor Analysis- Traction Inverter Industry
- 12.1. Competitive Dashboard
- 12.2. Company Profiles
- 12.2.1. BYD Company Limited
- 12.2.2. Continental AG
- 12.2.3. Dana Incorporated
- 12.2.4. Delphi Technologies PLC
- 12.2.5. Denso Corporation
- 12.2.6. Hitachi Automotive Systems, Ltd.
- 12.2.7. Infineon Technologies AG
- 12.2.8. Lear Corporation
- 12.2.9. Mitsubishi Electric Corporation
- 12.2.10. Robert Bosch GmbH
- 12.2.11. Semikron International GmbH
- 12.2.12. Siemens AG
- 12.2.13. STMicroelectronics N.V.
- 12.2.14. Toyota Industries Corporation
- 12.2.15. Valeo S.A.
- 12.2.16. Yaskawa Electric Corporation
- 12.2.17. Others
13. 360 Degree Analyst View
14. Appendix
- 14.1. Research Methodology
- 14.2. References
- 14.3. Abbreviations
- 14.4. Disclaimer
- 14.5. Contact Us