Product Code: MRFR/AM/10577-CR
Global Automotive Inverter Market Research Report Information by Inverter Type (Traction Inverter, and Soft Switching Inverter), By Propulsion Type (Battery Electric Vehicle, Plug in Hybrid Vehicle, and Hybrid Vehicle) By Material (Gallium Nitride, Silicon, Silicon Carbide, and Others) By Power Output (upto 200, 200kW-300kW, Above 400kW) By Technology (IGBT, mosfet) By Vehicle Type (Passenger Car, and Commercial Vehicles) By Voltage Output (Below 400 V, and Above 400 V) and By Region (North America, Europe, Asia-Pacific, Middle East and Africa, South America) -Forecast Till 2033
Market Overview
The Automotive Inverter market is expected to increase from USD 2,957.53 million in 2023 to USD 13,333.7 million by 2033, with a compound yearly growth rate (CAGR) of 14.8% over the forecast period (2024-2033). Global Automotive inverters convert the DC power output stored in the battery to AC power, which is needed to operate the motor. The motor torque and speed can be adjusted, as well as the vehicle speed, by utilizing the inverter to regulate the quantity and frequency of the Power Output delivered to the motor. High output density is an essential factor for automotive inverters, which have tighter space limits than other applications.
One of the most well-known techniques for storing solar energy is Tesla Power output, which is sold as a complement to a photovoltaic solar panel system. The Tesla Power Wall is a large lithium solar battery that stores the energy generated by a home's solar panels throughout the day. This zero-carbon method to power generation and consumption is a great example of reducing the environmental impact of mass transportation. There are currently start-ups focusing on materials innovation and sustainable mobility. They are also using solar technologies to develop solar-electric vehicles. Tesla is the only automaker to offer a complete end-to-end solution for the generation, storage, and use of solar energy at the home.
Market Segmentation
The Automotive Inverter Market is segmented by propulsion type, including battery electric, plug-in hybrid, and hybrid vehicles.
The market is segmented by material, including gallium nitride, silicon, silicon carbide, and others.
The market is segmented based on power output: up to 200 kW, 200 kW to 400 kW, and more than 400 kW.
Regional insights
The study covers North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. By 2023, the Asia-Pacific Automotive Inverter market will account for roughly 41.40% of the global market. The automotive inverter market in Asia Pacific is driven by ongoing demand for automotive inverters and increased vehicle production. Furthermore, rising government demands for boosting vehicle safety have significantly boosted demand for the Asia-Pacific automotive engine automotive inverter.
North America represents a long-term growth market for automotive inverters, particularly in the United States, because to the anticipated volume of truck and bus manufacturing and the increasing adoption of vehicle safety and efficiency systems. Factors driving the North American market include a big and aging light vehicle park, as well as a greater average number of miles traveled per light vehicle.
Meanwhile, Europe appears as a major rival, with significant market potential in 2023. The European automotive inverter market is predicted to grow significantly as a result of increased industrial development, rising demand for automotive inverters, and supportive government road safety efforts.
Major Players
Some of the major players in the global market include Robert Bosch, BorgWarner Inc., Toyota Industries Corporation, Infineon, NXP Semiconductors, STMicroelectronics, Marelli, Lear Corporation, SensataTechnologies, Inc., Mitsubishi Electric Corporation, Nissan Motor Corporation, Danfoss, Continental AG, Denso Corporation, Continental AG, Valeo, and others.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 RESEARCH OBJECTIVE
- 2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
- 3.1 OVERVIEW
- 3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
- 3.3 PURCHASED DATABASE:
- 3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
- 3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
- 3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 REVENUE ANALYSIS APPROACH
- 3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
- 3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
- 3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET DYNAMICS
- 4.1 INTRODUCTION
- 4.2 DRIVERS
- 4.2.1 INCREASING FUEL EFFICIENCY REQUIREMENTS
- 4.2.2 RISING GREENHOUSE GAS EMISSION
- 4.2.3 RAPID COMMERCIALIZATION
- 4.3 RESTRAINTS
- 4.3.1 LACK OF CHARGING INFRASTRUCTURE AND HIGH MAINTENANCE COST
- 4.3.2 HIGH INITIAL COSTS
- 4.4 OPPORTUNITY
- 4.4.1 RAPID INNOVATION AND INCREASED R&D IN THE INVERTERS INDUSTRY
- 4.4.2 RISE IN DEMAND FOR SOLAR-POWER OUTPUTED ELECTRIC VEHICLES
- 4.5 TRENDS
- 4.5.1 ADVANCEMENTS IN INVERTER TECHNOLOGY
- 4.5.2 SURGE IN ELECTRIC VEHICLES (EVS) AND HYBRIDS
- 4.5.3 SUPPLY CHAIN OPTIMIZATION
- 4.6 COVID-19 IMPACT ANALYSIS
- 4.6.1 IMPACT ON OVERALL AUTOMOTIVE INDUSTRY
- 4.6.2 IMPACT ON AUTOMOTIVE INVERTER MARKET
- 4.6.3 IMPACT ON SUPPLY CHAIN OF AUTOMOTIVE INVERTER
- 4.6.3.1 PRICE VARIATION OF KEY RAW MATERIAL
- 4.6.3.2 PRODUCTION SHUTDOWN
- 4.6.3.3 CASH FLOW CONSTRAINTS
- 4.6.3.4 IMPACT ON IMPORT/EXPORT
- 4.6.4 IMPACT ON MARKET DEMAND OF AUTOMOTIVE INVERTER
- 4.6.4.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN
- 4.6.4.2 CONSUMER SENTIMENTS
- 4.6.5 IMPACT ON PRICING OF AUTOMOTIVE INVERTER
5 MARKET FACTOR ANALYSIS
- 5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 R&D
- 5.1.2 COMPONENT SUPPLY
- 5.1.3 MANUFACTURE & ASSEMBLY
- 5.1.4 SALES & DISTRIBUTION
- 5.1.5 END USERS
- 5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OUTPUT OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OUTPUT OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
- 5.3 MARKET SWOT ANALYSIS
- 5.4 MARKET PESTEL ANALYSIS
- 5.5 REGULATORY OUTLOOK
6 GLOBAL AUTOMOTIVE INVERTER MARKET, BY INVERTER TYPE
- 6.1 OVERVIEW
- 6.2 TRACTION INVERTER
- 6.3 SOFT SWITCHING INVERTER
7 GLOBAL AUTOMOTIVE INVERTER MARKET, BY PROPULSION TYPE
- 7.1 INTRODUCTION
- 7.2 BATTERY ELECTRIC VEHICLE
- 7.3 PLUG IN HYBRID VEHICLE
- 7.4 HYBRID VEHICLE
8 GLOBAL AUTOMOTIVE INVERTER MARKET, BY MATERIAL
- 8.1 INTRODUCTION
- 8.2 GALLIUM NITRIDE
- 8.3 SILICON
- 8.4 SILICON CARBIDE
- 8.5 OTHERS
9 GLOBAL AUTOMOTIVE INVERTER MARKET, BY POWER OUTPUT
- 9.1 INTRODUCTION
- 9.2 UPTO 200 KW
- 9.3 200KW-300 KW
- 9.4 ABOVE 400 KW
10 GLOBAL AUTOMOTIVE INVERTER MARKET, BY TECHNOLOGY
- 10.1 INTRODUCTION
- 10.2 IGBT
- 10.3 MOSFET
11 GLOBAL AUTOMOTIVE INVERTER MARKET, BY VEHICLE TYPE
- 11.1 INTRODUCTION
- 11.2 PASSENGER CAR
- 11.3 COMMERCIAL VEHICLES
12 GLOBAL AUTOMOTIVE INVERTER MARKET, BY REGION
- 12.1 OVERVIEW
- 12.1.1 GLOBAL AUTOMOTIVE INVERTER MARKET, BY REGION, 2022 VS 2033 (USD MILLION)
- 12.1.2 GLOBAL AUTOMOTIVE INVERTER MARKET, BY REGION, 2019-2033 (USD MILLION)
- 12.2 NORTH AMERICA
- 12.2.1 US
- 12.2.2 CANADA
- 12.2.3 MEXICO
- 12.3 EUROPE
- 12.3.1 GERMANY
- 12.3.2 FRANCE
- 12.3.3 UK
- 12.3.4 ITALY
- 12.3.5 SPAIN
- 12.3.6 TURKEY
- 12.3.7 REST OF EUROPE
- 12.4 ASIA-PACIFIC
- 12.4.1 CHINA
- 12.4.2 INDIA
- 12.4.3 JAPAN
- 12.4.4 SOUTH KOREA
- 12.4.5 INDONESIA
- 12.4.6 REST OF ASIA-PACIFIC
- 12.5 MIDDLE EAST & AFRICA
- 12.5.1 SAUDI ARABIA
- 12.5.2 UAE
- 12.5.3 SOUTH AFRICA
- 12.5.4 REST OF MEA
- 12.6 SOUTH AMERICA
- 12.6.1 BRAZIL
- 12.6.2 ARGENTINA
- 12.6.3 REST OF SOUTH AMERICA
13 COMPETITIVE LANDSCAPE
- 13.1 INTRODUCTION
- 13.2 MARKET SHARE ANALYSIS, 2022
- 13.3 COMPETITOR DASHBOARD
- 13.4 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 13.4.1 PRODUCT LAUNCH/PRODUCT APPROVAL/PRODUCT DEVELOPMET/ ACCQUISITION
- 13.4.2 PARTNERSHIP/INVESTMENT
14 COMPANY PROFILE
- 14.1 BORGWARNER INC.
- 14.1.1 COMPANY OVERVIEW
- 14.1.2 FINANCIAL OVERVIEW
- 14.1.3 PRODUCTS OFFERED
- 14.1.4 KEY DEVELOPMENTS
- 14.1.5 SWOT ANALYSIS
- 14.1.6 KEY STRATEGIES
- 14.2 ROBERT BOSCH
- 14.2.1 COMPANY OVERVIEW
- 14.2.2 FINANCIAL OVERVIEW
- 14.2.3 PRODUCTS OFFERED
- 14.2.4 KEY DEVELOPMENTS
- 14.2.5 SWOT ANALYSIS
- 14.2.6 KEY STRATEGIES
- 14.3 GKN AUTOMOTIVE
- 14.3.1 COMPANY OVERVIEW
- 14.3.2 FINANCIAL OVERVIEW
- 14.3.3 PRODUCTS OFFERED
- 14.3.4 KEY DEVELOPMENTS
- 14.3.5 SWOT ANALYSIS
- 14.3.6 KEY STRATEGIES
- 14.4 TOYOTA INDUSTRIES CORPORATION
- 14.4.1 COMPANY OVERVIEW
- 14.4.2 FINANCIAL OVERVIEW
- 14.4.3 PRODUCTS OFFERED
- 14.4.4 KEY DEVELOPMENTS
- 14.4.5 SWOT ANALYSIS
- 14.4.6 KEY STRATEGIES
- 14.5 LEAR CORPORATION
- 14.5.1 COMPANY OVERVIEW
- 14.5.2 FINANCIAL OVERVIEW
- 14.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 14.5.4 KEY DEVELOPMENTS
- 14.5.5 SWOT ANALYSIS
- 14.5.6 KEY STRATEGIES
- 14.6 SENSATATECHNOLOGIES, INC.
- 14.6.1 COMPANY OVERVIEW
- 14.6.2 FINANCIAL OVERVIEW
- 14.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 14.6.4 KEY DEVELOPMENTS
- 14.6.5 SWOT ANALYSIS
- 14.6.6 KEY STRATEGIES
- 14.7 MITSUBISHI ELECTRIC CORPORATION
- 14.7.1 COMPANY OVERVIEW
- 14.7.2 FINANCIAL OVERVIEW
- 14.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 14.7.4 KEY DEVELOPMENTS
- 14.7.5 SWOT ANALYSIS
- 14.7.6 KEY STRATEGIES
- 14.8 VALEO
- 14.8.1 COMPANY OVERVIEW
- 14.8.2 FINANCIAL OVERVIEW
- 14.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 14.8.4 KEY DEVELOPMENTS
- 14.8.5 SWOT ANALYSIS
- 14.8.6 KEY STRATEGIES
- 14.9 INFINEON
- 14.9.1 COMPANY OVERVIEW
- 14.9.2 FINANCIAL OVERVIEW
- 14.9.3 PRODUCTS OFFERED
- 14.9.4 KEY DEVELOPMENTS
- 14.9.5 SWOT ANALYSIS
- 14.9.6 KEY STRATEGIES
- 14.10 NXP SEMICONDUCTORS
- 14.10.1 COMPANY OVERVIEW
- 14.10.2 FINANCIAL OVERVIEW
- 14.10.3 PRODUCTS OFFERED
- 14.10.4 KEY DEVELOPMENTS
- 14.10.5 SWOT ANALYSIS
- 14.10.6 KEY STRATEGIES
- 14.11 STMICROELECTRONICS
- 14.11.1 COMPANY OVERVIEW
- 14.11.2 FINANCIAL OVERVIEW
- 14.11.3 PRODUCTS OFFERED
- 14.11.4 KEY DEVELOPMENTS
- 14.11.5 SWOT ANALYSIS
- 14.11.6 KEY STRATEGIES
- 14.12 MARELLI
- 14.12.1 COMPANY OVERVIEW
- 14.12.2 FINANCIAL OVERVIEW
- 14.12.3 PRODUCTS OFFERED
- 14.12.4 KEY DEVELOPMENTS
- 14.12.5 SWOT ANALYSIS
- 14.12.6 KEY STRATEGIES
- 14.13 NISSAN MOTOR CORPORATION
- 14.13.1 COMPANY OVERVIEW
- 14.13.2 FINANCIAL OVERVIEW
- 14.13.3 PRODUCTS OFFERED
- 14.13.4 KEY DEVELOPMENTS
- 14.13.5 SWOT ANALYSIS
- 14.13.6 KEY STRATEGIES
- 14.14 DANFOSS
- 14.14.1 COMPANY OVERVIEW
- 14.14.2 FINANCIAL OVERVIEW
- 14.14.3 PRODUCTS OFFERED
- 14.14.4 KEY DEVELOPMENTS
- 14.14.5 SWOT ANALYSIS
- 14.14.6 KEY STRATEGIES
- 14.15 CONTINENTAL AG
- 14.15.1 COMPANY OVERVIEW
- 14.15.2 FINANCIAL OVERVIEW
- 14.15.3 PRODUCTS OFFERED
- 14.15.4 KEY DEVELOPMENTS
- 14.15.5 SWOT ANALYSIS
- 14.15.6 KEY STRATEGIES
- 14.16 DENSO CORPORATION
- 14.16.1 COMPANY OVERVIEW
- 14.16.2 FINANCIAL OVERVIEW
- 14.16.3 PRODUCTS OFFERED
- 14.16.4 KEY DEVELOPMENTS
- 14.16.5 SWOT ANALYSIS
- 14.16.6 KEY STRATEGIES