Electric Vehicle Power Inverter Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast

The global electric vehicle power inverter market was valued at USD 17,110 Million in 2019 and is projected to reach USD 29,550 Million by 2027, expanding at a CAGR over 6.4% during the forecast period.

Transcript

1. Home  Automotive Electronics & Electrical Equipment  Electric Vehicle Power Inverter Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast Global Electric Vehicle Power Inverter Market, By Type (Mild Hybrids, Full Hybrids, Others), By Application (Household, Commercials, and Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) Report ID: AL-83 Author: Growth Market Reports Rating: 4.8 Total Reviews: 48 No. Of Pages: 157 Format:   Pub. Date: 2020-07-23 Share:    Report Description Table Of Content Segments Methodology Market Outlook: The global electric vehicle power inverter market was valued at USD 17,110 Million in 2019 and is projected to reach USD 29,550 Million by 2027, expanding at a CAGR over 6.4% during the forecast period. A power inverter is an electrical device that converts electricity from a DC source to AC to be used to drive a device or appliance. Considering the same func on in an electric vehicle, a power inverter is one of the key components to converts ba ery DC power into AC power for an electric motor. To manage EVs and hybrids electric drive systems, power inverters are used. The power inverter supplies current to the ba ery for Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
2. recharging purposes during regenera ve braking. It also provides electric power to the motor for vehicle momentum. Adversely, the weight and size of the power inverter in a vehicle have a direct impact on driving range and road performance, and consistency of the vehicle. In order to increase automo ve inverter's power efficiency and reduce size and weight, the inverter manufacturers in the vehicle sector have upgraded inverter abili es to handle energy from both the ba ery and motor end. Market Dynamics Major Shi from Conven onal Engine to Electric & Hybrid Engine The key automakers are progressively moving their focus from conven onal engine vehicles to electric & hybrid vehicles, with moun ng stringent emission standards across the globe. Also, to mo vate the sale growth of electric vehicles among the customers, regional governments in many countries have ini ated financial benefits like incen ves, tax benefits, and also other non-financial benefits such as carpool lane access, and ease in new car registra on, be er accessibility of charging infrastructure, and ac ve involvement by automo ve OEMs among others. Moreover, the increasing installa on of charging sta on Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
3. facili es in key regions such as North America, Europe, Asia-Pacific, by the major electric vehicle manufacturer has sustained the growing electric vehicle sales. In addi on, the growing concerns of regulatory bodies toward a green environment have increased the demand for zero-emission vehicles. Major economies such as the US, Canada, Germany, Japan, South Korea, and the UK are enthusias cally encouraging the use of electric vehicles to minimize carbon emissions, which has also contributed to the growth of electric vehicle sales. Segmental Outlook On the basis of applica ons, the market has been divided into households, commercials, and others. The commercial applica on segment is showing a significant growth rate during the forecasted period. The driving factors associated with are increasing acceptance of electric public transport, predominantly in China, India, South East Asia, have supported the growth of the electric commercial segment. Various developed and developing countries are influenced to switch their current fuel bus fleet with electric ba ery-powered buses to adhere to their regional/legisla ve norms. The growing implementa on of the green public transport fleet will drive the growth of electric commercial vehicles. Furthermore, the con nuously rising e-commerce market, an increase in logis cs ac vi es, and shared mobility trends in metro ci es will contribute to the electric commercial vehicles market growth during the forecast period. Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
4. Regional Outlook On the basis of regions, the global electric vehicle power inverter market has been segmented into North America, Europe, Asia Pacific, La n America, and Middle East & Africa (MEA). North America is a key region of the market and accounted for a market share of over 17% in 2019. The presence of major market players and development ac vi es in the region is expected to upsurge the market growth in the country during the forecast period. For instance, Denso has started producing a next-genera on inverter for the US original equipment manufacturers. They are also expanding new technology with other key customers in the North American market. It is part of Denso's USD 1 Bn investment to make its Maryville, Tennessee, loca on a manufacturing hub in North America for electrifica on, connec vity, and advanced safety products. Compe ve Landscape Key players in the electric vehicle power inverter market include Con nental, Bosch, Denso, Hitachi, Delphi, and Mitsubishi. They are considered as key Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
5. manufacturers in the market based on their product availability, regional presence, supply chain management system, and increasing demand for their product. The players are implemen ng significant strategies such as acquisi on, and geographical expansion where the poten al opportunity for the Electric Vehicle Power Inverter extrac on is added in the company’s capacity. For instance, in 2018, Delphi Technologies introduced the first combined inverter and DC/DC converter in China. Delphi had invested USD 80 million in 180,000 square foot manufacturing plant in Suzhou, in Jiangsu Province. In the same year 2018, Mitsubishi Electric completed the construc on of its new eight plant building at Himeji Works, Hirohata plant, with an investment of around USD 63.6 million. The new plant improved the produc on of motors, generators, inverters for hybrid and electric vehicles. Key Benefits for Industry Par cipants & Stakeholders In-depth Analysis of the Global Electric Vehicle Power Inverter Market Historical, Current and Projected Market Size in terms of Value Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
6. Poten al & Niche Segments and Regions Exhibi ng Promising Growth Covered Industry Drivers, Restraints and Opportuni es Covered in the Study Recent Industry Trends and Developments Compe ve Landscape & Strategies of Key Players Neutral Perspec ve on Global Electric Vehicle Power Inverter Market Performance Customize This Report Buy Report Single User $3200  Multi User $4200  Corporate User $5600  Online License $1999  Excel Data Pack $1599  Add to Cart REQUEST FOR SAMPLE ENQUIRY BEFORE BUYING SPEAK WITH ANALYST REQUEST FOR CUSTOMIZATION Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
7. Customize This Report Ask for Research To Be Focused On Specific Regions or Segments Receive Data As Per Your Format and Definition Companies Profiled based on Your Requirements Breaking Down Competitive Landscape as per Your Requirements Any Level of Customization Our Clients Client Testinomials   We needed a highly accurate and precise report, which Growth Market Reports delivered promptly. The company compiled information from a wide array of reliable agencies and sourcess.It is extremely satisfactory to be working with you. Strategy Head of Major Tech Company We were very pleased to contact Growth Market Reports as they tailored reports precisely as per our requirements. As we are dealing with the aerospace and defense industry, we need reports of high accuracy and substantial quality. Major Player in Defense Industry Extremely delighted to have a well-crafted report on “Global Packaging Solutions Market Research Report” from your team. Thank you for providing me with all our requirements and for incorporating our suggestions. CMO of Leading Packaging Company from USA I had a good experience working with Growth Market Reports as they were very open to all constructive changes in the report. I found that the report had its charm embedded with ample of data. Founder and Managing Partner of Major Korean Company wo Re an t pro b w off   Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
8. Get in Touch with Us  +1 909 545 6473  sales@growthmarketreports.com Additional company profiles can be provided on request. 1. Can I ask for different company profiles? 2. Does the report cover technology landscape for electric vehicle power inverter? 3. Does the report give definition for the types of electric vehicle power inverter? 4. How big will be the Electric Vehicle Power Inverter Market in 2027? 5. What additional data analysis is available in report? 6. What are the factors driving the growth of Electric Vehicle Power Inverter market? FAQ Section Some frequently asked quetions about this report! Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
9. QUICK LINKS About Us Faq Press Release My account Blog Contact Us How to order Refund and Cancellation Become A Reseller POPULAR CATEGORIES Aerospace & Defense Consumer Goods Energy & Power Healthcare ICT, Semiconductor & Electronics Materials & Chemicals CONTACTS 1st Floor, Kalpavruksha Office No 1, GK Lane Number 3, Ingawale Nagar, Pimple Nilakh, Pune, Maharashtra 411027  +1 909 545 6473  sales@growthmarketreports.com  KEEP IN TOUCH CONNECT WITH US WE ACCEPT Your email  7. What is the criteria used for selecting company profile? 8. What is the impact of COVID-19 on the overall market during year 2019 -2020? 9. Which is the base year calculated in the global Electric Vehicle Power Inverter market report and what is analysis period? 10. Who are the major players operating in the market? Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
10. Terms and conditions | Privacy | Growth Market Reports is Product of YOAAP Media Services LLP. Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD