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

Description

List of Tables

Europe Electric Vehicle Power Inverter Market is valued approximately at USD 1.74 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 25.15% over the forecast period 2024-2032. An Electric Vehicle (EV) Power Inverter is a crucial component within the powertrain of an electric vehicle. Its primary function is to convert the direct current (DC) stored in the EV's battery into alternating current (AC), which is necessary to power the vehicle's electric motor. Moreover, the EV power inverter is a vital component that ensures the efficient and effective operation of an electric vehicle's powertrain, enabling the conversion of stored battery energy into usable mechanical power while also facilitating regenerative braking and optimizing overall vehicle performance. Increasing environmental concerns and government incentives & subsidies to promote the adoption of electric vehicles (EVs), driving the need for efficient power inverters driving the Europe Electric Vehicle Power Inverter Market.

Advancements in EV technology is significantly driving the demand for the Europe Electric Vehicle Power Inverter market. Innovations in the power electronics are leading to the development of more efficient and compact power inverters, which are crucial for converting DC battery power to AC for the electric motor. Better inverter designs improve overall vehicle performance by increasing energy efficiency, extending driving range, and reducing power losses. Additionally, advancement in semiconductor materials, such as silicon carbide (SiC) and gallium nitride (GaN), enable inverters to operate at higher voltages and temperatures with greater efficiency and durability. These technological improvements not only enhance the performance and reliability of EVs but also lower manufacturing costs, making EVs more affordable and attractive to consumers. As a result, the growing adoption of advanced EV technology is fueling the demand for cutting-edge power inverters across Europe, supporting the region's transition to sustainable transportation. However, high initial cost of advanced inverter technologies and a complexity of EV powertrain systems can stifle market growth between 2022 and 2032.

The key countries considered for the Europe Electric Vehicle Power Inverter market study includes UK, Germany, France, Italy, Spain, and Rest of Europe. In 2023, Germany was the largest market in terms of revenue. German automotive giants such as Volkswagen, BMW, and Daimler are heavily investing in electric vehicle technology. This includes significant R&D investment in power electronics and power inverter technology to enhance EV performance. Furthermore, the German government provides funding and subsidies for research and development in EV technology, encouraging manufacturers to innovate and produce advanced power inverters. In addition, Germany is rapidly expanding its EV charging network, with significant investment in fast-charging stations. This expansion reduces range anxiety and makes EVs more practical for everyday use, thereby increasing the demand for power inverters. The market in UK is expected to grow at the fastest rate over the forecast period.

Major market player included in this report are:

Siemens AG
Vitesco Technologies Group AG
Continental AG
Robert Bosch GmbH
Valeo Group
Aptiv PLC
Infineon Technologies AG
Company 8
Company 9
Company 10

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:

Europe
UK
Germany
France
Spain
Italy
ROE

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 Country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis.
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. Europe 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. Europe 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. Europe Electric Vehicle Power Inverter Market Dynamics

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

Chapter 4. Europe 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. Europe 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. Europe Electric Vehicle Power Inverter Market Size & Forecasts by Vehicle Type 2022-2032

6.1. Passenger Cars
6.2. Commercial Vehicles

Chapter 7. Europe Electric Vehicle Power Inverter Market Size & Forecasts by Country 2022-2032

7.1. U.K. Electric Vehicle Power Inverter Market
- 7.1.1. Propulsion Type breakdown size & forecasts, 2022-2032
- 7.1.2. Vehicle Type breakdown size & forecasts, 2022-2032
7.2. Germany Electric Vehicle Power Inverter Market
7.3. France Electric Vehicle Power Inverter Market
7.4. Spain Electric Vehicle Power Inverter Market
7.5. Italy Electric Vehicle Power Inverter Market
7.6. Rest of Europe 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. Vitesco Technologies
- 8.3.3. Continental
- 8.3.4. Robert Bosch GmbH
- 8.3.5. Valeo Group
- 8.3.6. Aptiv PLC
- 8.3.7. Infineon Technologies AG

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. Europe Electric Vehicle Power Inverter market, report scope
TABLE 2. Europe Electric Vehicle Power Inverter market estimates & forecasts by Country 2022-2032 (USD Billion)
TABLE 3. Europe Electric Vehicle Power Inverter market estimates & forecasts by Propulsion Type 2022-2032 (USD Billion)
TABLE 4. Europe Electric Vehicle Power Inverter market estimates & forecasts by Vehicle Type 2022-2032 (USD Billion)
TABLE 5. Europe Electric Vehicle Power Inverter market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Europe Electric Vehicle Power Inverter market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Europe Electric Vehicle Power Inverter market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Europe Electric Vehicle Power Inverter market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Europe Electric Vehicle Power Inverter market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Europe Electric Vehicle Power Inverter market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Europe Electric Vehicle Power Inverter market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Europe Electric Vehicle Power Inverter market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Europe Electric Vehicle Power Inverter market by segment, estimates & forecasts, 2022-2032 (USD Billion) Europe Electric Vehicle Power Inverter market by country, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. UK Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. UK Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 16. UK Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. Germany Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 18. Germany Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 19. Germany Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. France Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 21. France Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 22. France Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. Italy Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 24. Italy Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 25. Italy Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. Spain Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 27. Spain Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 28. Spain Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. RoE Electric Vehicle Power Inverter market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 30. RoE Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 31. RoE Electric Vehicle Power Inverter market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32. List of secondary sources, used in the study of Europe Electric Vehicle Power Inverter Market.
TABLE 33. List of primary sources, used in the study of Europe Electric Vehicle Power Inverter Market.
TABLE 34. Years considered for the study.
TABLE 35. Exchange rates considered.

LIST OF FIGURES

FIG 1. Europe Electric Vehicle Power Inverter market, research methodology
FIG 2. Europe Electric Vehicle Power Inverter market, market estimation techniques
FIG 3. Europe market size estimates & forecast methods.
FIG 4. Europe Electric Vehicle Power Inverter market, key trends 2023
FIG 5. Europe Electric Vehicle Power Inverter market, growth prospects 2022-2032
FIG 6. Europe Electric Vehicle Power Inverter market, porters 5 force model
FIG 7. Europe Electric Vehicle Power Inverter market, pestel analysis
FIG 8. Europe Electric Vehicle Power Inverter market, value chain analysis
FIG 9. Europe Electric Vehicle Power Inverter market by segment, 2022 & 2032 (USD Billion)
FIG 10. Europe Electric Vehicle Power Inverter market by segment, 2022 & 2032 (USD Billion)
FIG 11. Europe Electric Vehicle Power Inverter market by segment, 2022 & 2032 (USD Billion)
FIG 12. Europe Electric Vehicle Power Inverter market by segment, 2022 & 2032 (USD Billion)
FIG 13. Europe Electric Vehicle Power Inverter market by segment, 2022 & 2032 (USD Billion)
FIG 14. Europe Electric Vehicle Power Inverter market, Country snapshot 2022 & 2032
FIG 15. Europe Electric Vehicle Power Inverter market 2022 & 2032 (USD Billion)
FIG 16. Europe Electric Vehicle Power Inverter market, company market share analysis (2023)