Global Electric Vehicle Power Inverter Market Size study, by Propulsion Type by Vehicle Type and Regional Forecasts 2022-2032

Description

List of Tables

Global Electric Vehicle Power Inverter Market is valued approximately USD 6.2 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 22.60% over the forecast period 2024-2032. An electric vehicle power inverter is a device that changes the power source of an electric car motor from direct current (DC) to alternating current (AC). The use of power inverters in electric vehicles is becoming more widespread. Motors that are compatible with equipment and sensors that require AC current to function also use the converted current. Moreover, plug-in outlets and other conventional 120-volt devices can use the electricity in electric automobiles. In addition, advanced inverters are enhancing energy recovery systems, including regenerative braking, to improve overall vehicle efficiency and extend driving range. Thus, these factors help in further providing growth opportunities for the Global Electric Vehicle Power Inverter Market.

The surge in electric vehicle (EV) adoption is significantly driving the demand for Global EV power inverters Market. As environmental concerns and government incentives encourage consumers to switch from traditional internal combustion engine vehicles to electric alternatives, the need for efficient power conversion systems becomes paramount. For example, according to the 2022 IEA study, the number of EV vehicles sold worldwide in 2021 was 6.7 million, up 3.7 million from 2020. In addition, EV power inverters play a critical role in converting the DC power stored in the battery to AC power required by the electric motor, ensuring smooth and efficient vehicle operation. In addition, advancements in battery technology and increased consumer expectations for longer driving ranges and better performance are pushing manufacturers to develop more sophisticated and efficient inverters. The rise of high-power applications, such as fast-charging stations and high-performance EVs, further escalates the demand for advanced inverter technologies capable of handling greater power loads. Thus, the growing EV market directly fuels the expansion and innovation within the EV power inverter market, making it a pivotal component in the ongoing automotive transformation. However, high initial cost of advanced inverter technologies and an availability & accessibility of charging stations can stifle market growth between 2022 and 2032.

The key regions considered for the global Electric Vehicle Power Inverter market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia Pacific was the largest regional market in terms of revenue and expected to develop at the fastest rate over the forecast period. Many countries in Asia Pacific, such as China, Japan, and South Korea, have implemented favorable policies and incentives to promote electric vehicle adoption. These include subsidies, tax incentives, and regulations aimed at reducing emissions and improving air quality, thus driving the demand for EV power inverters. The region's rapid urbanization and population growth have led to increased congestion and pollution in cities. Governments and consumers are turning to electric vehicles as a cleaner and more sustainable transportation solution, boosting the demand for EV power inverters.

Major market player included in this report are:

Siemens
Mitsubishi Electric Corporation
Marelli Corporation
DENSO Corporation
Continental
Lear Corporation
Robert Bosch GmbH
Valeo Group
Nissan Motor Co., Ltd.
Toyota Industries Corporation

The detailed segments and sub-segment of the market are explained below:

By Propulsion Type

Hybrid Electric Vehicles
Plug-in Hybrid Electric Vehicle
Battery Electric Vehicle
Fuel Cell Electric Vehicle

By Vehicle Type

Passenger Cars
Commercial Vehicles

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Electric Vehicle Power Inverter Market Definition and Research Assumptions

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
  - 1.3.3.1. Availability
  - 1.3.3.2. Infrastructure
  - 1.3.3.3. Regulatory Environment
  - 1.3.3.4. Market Competition
  - 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
  - 1.3.4.1. Regulatory frameworks
  - 1.3.4.2. Technological Advancements
  - 1.3.4.3. Environmental Considerations
  - 1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary

2.1. Global Electric Vehicle Power Inverter Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
- 2.3.1. By Propulsion Type
- 2.3.2. By Vehicle Type
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

Chapter 3. Global Electric Vehicle Power Inverter Market Dynamics

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

Chapter 4. Global Electric Vehicle Power Inverter Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Electric Vehicle Power Inverter Market Size & Forecasts by Propulsion Type 2022-2032

5.1. Hybrid Electric Vehicles
5.2. Plug-in Hybrid Electric Vehicle
5.3. Battery Electric Vehicle
5.4. Fuel Cell Electric Vehicle

Chapter 6. Global Electric Vehicle Power Inverter Market Size & Forecasts by Vehicle Type 2022-2032

6.1. Passenger Cars
6.2. Commercial Vehicles

Chapter 7. Global Electric Vehicle Power Inverter Market Size & Forecasts by Region 2022-2032

7.1. North America Electric Vehicle Power Inverter Market
- 7.1.1. U.S. Electric Vehicle Power Inverter Market
  - 7.1.1.1. Propulsion Type breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Vehicle Type breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Electric Vehicle Power Inverter Market
7.2. Europe Electric Vehicle Power Inverter Market
- 7.2.1. U.K. Electric Vehicle Power Inverter Market
- 7.2.2. Germany Electric Vehicle Power Inverter Market
- 7.2.3. France Electric Vehicle Power Inverter Market
- 7.2.4. Spain Electric Vehicle Power Inverter Market
- 7.2.5. Italy Electric Vehicle Power Inverter Market
- 7.2.6. Rest of Europe Electric Vehicle Power Inverter Market
7.3. Asia-Pacific Electric Vehicle Power Inverter Market
- 7.3.1. China Electric Vehicle Power Inverter Market
- 7.3.2. India Electric Vehicle Power Inverter Market
- 7.3.3. Japan Electric Vehicle Power Inverter Market
- 7.3.4. Australia Electric Vehicle Power Inverter Market
- 7.3.5. South Korea Electric Vehicle Power Inverter Market
- 7.3.6. Rest of Asia Pacific Electric Vehicle Power Inverter Market
7.4. Latin America Electric Vehicle Power Inverter Market
- 7.4.1. Brazil Electric Vehicle Power Inverter Market
- 7.4.2. Mexico Electric Vehicle Power Inverter Market
- 7.4.3. Rest of Latin America Electric Vehicle Power Inverter Market
7.5. Middle East & Africa Electric Vehicle Power Inverter Market
- 7.5.1. Saudi Arabia Electric Vehicle Power Inverter Market
- 7.5.2. South Africa Electric Vehicle Power Inverter Market
- 7.5.3. Rest of Middle East & Africa Electric Vehicle Power Inverter Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Siemens
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Mitsubishi Electric Corporation
- 8.3.3. Marelli Corporation
- 8.3.4. DENSO Corporation
- 8.3.5. Continental
- 8.3.6. Lear Corporation
- 8.3.7. Robert Bosch GmbH
- 8.3.8. Valeo Group
- 8.3.9. Nissan
- 8.3.10. Toyota Industries Corporation

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Electric Vehicle Power Inverter market, report scope
TABLE 2. Global Electric Vehicle Power Inverter market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Electric Vehicle Power Inverter market estimates & forecasts by Propulsion Type 2022-2032 (USD Billion)
TABLE 4. Global Electric Vehicle Power Inverter market estimates & forecasts by Vehicle Type 2022-2032 (USD Billion)
TABLE 5. Global Electric Vehicle Power Inverter market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Electric Vehicle Power Inverter market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Electric Vehicle Power Inverter market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Electric Vehicle Power Inverter market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Electric Vehicle Power Inverter market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Electric Vehicle Power Inverter market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Electric Vehicle Power Inverter market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Electric Vehicle Power Inverter market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Electric Vehicle Power Inverter market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Electric Vehicle Power Inverter market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. UK Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22. UK Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. UK Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. Germany Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 25. Germany Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. Germany Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. France Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 28. France Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. France Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. Italy Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 31. Italy Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32. Italy Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. Spain Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 34. Spain Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 35. Spain Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36. RoE Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 37. RoE Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 38. RoE Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 39. China Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 40. China Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 41. China Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 42. India Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 43. India Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 44. India Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 45. Japan Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 46. Japan Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 47. Japan Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 48. Australia Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 49. Australia Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 50. Australia Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 51. South Korea Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 52. South Korea Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 53. South Korea Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 54.
TABLE 55. RoAPAC Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 56. RoAPAC Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 57. RoAPAC Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 58. Brazil Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 59. Brazil Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 60. Brazil Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 61. Mexico Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 62. Mexico Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 63. Mexico Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 64. RoLA Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 65. RoLA Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 66. RoLA Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 67. Saudi Arabia Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 68. Saudi Arabia Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 69. Saudi Arabia Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 70. South Africa Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 71.
TABLE 72. South Africa Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 73. South Africa Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74. RoMEA Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 75. RoMEA Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. RoMEA Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77. List of secondary sources, used in the study of Global Electric Vehicle Power Inverter Market.
TABLE 78. List of primary sources, used in the study of Global Electric Vehicle Power Inverter Market.
TABLE 79. Years considered for the study.
TABLE 80. Exchange rates considered.

LIST OF FIGURES

FIG 1. Global Electric Vehicle Power Inverter market, research methodology
FIG 2. Global Electric Vehicle Power Inverter market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Electric Vehicle Power Inverter market, key trends 2023
FIG 5. Global Electric Vehicle Power Inverter market, growth prospects 2022-2032
FIG 6. Global Electric Vehicle Power Inverter market, porters 5 force model
FIG 7. Global Electric Vehicle Power Inverter market, pestel analysis
FIG 8. Global Electric Vehicle Power Inverter market, value chain analysis
FIG 9. Global Electric Vehicle Power Inverter market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Electric Vehicle Power Inverter market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Electric Vehicle Power Inverter market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Electric Vehicle Power Inverter market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Electric Vehicle Power Inverter market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Electric Vehicle Power Inverter market, regional snapshot 2022 & 2032
FIG 15. North America Electric Vehicle Power Inverter market 2022 & 2032 (USD Billion)
FIG 16. Europe Electric Vehicle Power Inverter market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Electric Vehicle Power Inverter market 2022 & 2032 (USD Billion)
FIG 18. Latin America Electric Vehicle Power Inverter market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Electric Vehicle Power Inverter market 2022 & 2032 (USD Billion)
FIG 20. Global Electric Vehicle Power Inverter market, company market share analysis (2023)