Global Traction Inverter Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Traction Inverter Market is presumed to reach the market size of nearly USD 63.9 Billion by 2032 from USD 17.84 Billion in 2023 with a CAGR of 15.23% under the study period 2024-2032.

A traction inverter is an essential component of electric or hybrid electric vehicles (HEVs) and electric trains, responsible for converting direct current (DC) from the traction battery into alternating current (AC) to drive the vehicle's electric traction motors. These inverters are crucial in controlling the electric propulsion system's speed, torque, and efficiency, enabling smooth acceleration, regenerative braking, and optimal wheel power distribution. These inverters also incorporate advanced power electronics and control algorithms to maximize energy efficiency, extend battery life, and enhance overall vehicle performance.

MARKET DYNAMICS

The escalating adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs) worldwide drives the demand for traction inverters, essential components in vehicle propulsion systems. As governments implement stringent emission regulations and incentives to promote electrification and reduce greenhouse gas emissions, automakers must invest in electric drivetrain technologies, boosting the market for traction inverters. Moreover, advancements in power electronics and semiconductor technology enable the development of high-efficiency and compact traction inverters, enhancing vehicle performance and range. Additionally, the growing investment in infrastructure for electric vehicle charging stations and battery-swapping facilities further accelerates market growth by addressing range anxiety and improving accessibility to EVs. Furthermore, collaborations between automotive manufacturers and technology providers drive innovation in design and integration, facilitating market expansion and product differentiation. However, shifts in automotive propulsion technologies or regulatory changes may challenge the market growth in the coming years.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Traction Inverter. The growth and trends of Traction Inverter industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Traction Inverter market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Vehicle Type

Passenger Vehicles
Two-Wheelers
Commercial Vehicles

By Power Rating

Low-Power Inverter
High-Power Inverter
Medium-Power Inverter

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Traction Inverter market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Traction Inverter market include Hitachi Ltd., Mitsubishi Electric Corporation, ABB SE, Bombardier Transportation, Fuji Electric Company, Siemens AG, Woodward Inc., CALB (Contemporary Amperex Technology Co. Limited), BorgWarner Inc., Denso Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112114556

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. TRACTION INVERTER - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Vehicle Type
- 3.7.2 Market Attractiveness Analysis By Power Rating
- 3.7.3 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL TRACTION INVERTER MARKET ANALYSIS BY VEHICLE TYPE

5.1. Overview By Vehicle Type
5.2. Historical and Forecast Data
5.3. Analysis By Vehicle Type
5.4. Passenger Vehicles Historic and Forecast Sales By Regions
5.5. Two-Wheelers Historic and Forecast Sales By Regions
5.6. Commercial Vehicles Historic and Forecast Sales By Regions

6. GLOBAL TRACTION INVERTER MARKET ANALYSIS BY POWER RATING

6.1. Overview By Power Rating
6.2. Historical and Forecast Data
6.3. Analysis By Power Rating
6.4. Low-Power Inverter Historic and Forecast Sales By Regions
6.5. High-Power Inverter Historic and Forecast Sales By Regions
6.6. Medium-Power Inverter Historic and Forecast Sales By Regions

7. GLOBAL TRACTION INVERTER MARKET ANALYSIS BY GEOGRAPHY

7.1. Regional Outlook
7.2. Introduction
7.3. North America Sales Analysis
- 7.3.1 Overview, Historic and Forecast Data Sales Analysis
- 7.3.2 North America By Segment Sales Analysis
- 7.3.3 North America By Country Sales Analysis
- 7.3.4 United States Sales Analysis
- 7.3.5 Canada Sales Analysis
- 7.3.6 Mexico Sales Analysis
7.4. Europe Sales Analysis
- 7.4.1 Overview, Historic and Forecast Data Sales Analysis
- 7.4.2 Europe By Segment Sales Analysis
- 7.4.3 Europe By Country Sales Analysis
- 7.4.4 United Kingdom Sales Analysis
- 7.4.5 France Sales Analysis
- 7.4.6 Germany Sales Analysis
- 7.4.7 Italy Sales Analysis
- 7.4.8 Russia Sales Analysis
- 7.4.9 Rest Of Europe Sales Analysis
7.5. Asia Pacific Sales Analysis
- 7.5.1 Overview, Historic and Forecast Data Sales Analysis
- 7.5.2 Asia Pacific By Segment Sales Analysis
- 7.5.3 Asia Pacific By Country Sales Analysis
- 7.5.4 China Sales Analysis
- 7.5.5 India Sales Analysis
- 7.5.6 Japan Sales Analysis
- 7.5.7 South Korea Sales Analysis
- 7.5.8 Australia Sales Analysis
- 7.5.9 South East Asia Sales Analysis
- 7.5.10 Rest Of Asia Pacific Sales Analysis
7.6. Latin America Sales Analysis
- 7.6.1 Overview, Historic and Forecast Data Sales Analysis
- 7.6.2 Latin America By Segment Sales Analysis
- 7.6.3 Latin America By Country Sales Analysis
- 7.6.4 Brazil Sales Analysis
- 7.6.5 Argentina Sales Analysis
- 7.6.6 Peru Sales Analysis
- 7.6.7 Chile Sales Analysis
- 7.6.8 Rest of Latin America Sales Analysis
7.7. Middle East & Africa Sales Analysis
- 7.7.1 Overview, Historic and Forecast Data Sales Analysis
- 7.7.2 Middle East & Africa By Segment Sales Analysis
- 7.7.3 Middle East & Africa By Country Sales Analysis
- 7.7.4 Saudi Arabia Sales Analysis
- 7.7.5 UAE Sales Analysis
- 7.7.6 Israel Sales Analysis
- 7.7.7 South Africa Sales Analysis
- 7.7.8 Rest Of Middle East And Africa Sales Analysis

8. COMPETITIVE LANDSCAPE OF THE TRACTION INVERTER COMPANIES

8.1. Traction Inverter Market Competition
8.2. Partnership/Collaboration/Agreement
8.3. Merger And Acquisitions
8.4. New Product Launch
8.5. Other Developments

9. COMPANY PROFILES OF TRACTION INVERTER INDUSTRY

9.1. Top Companies Market Share Analysis
9.2. Market Concentration Rate
9.3. Hitachi Ltd.
- 9.3.1 Company Overview
- 9.3.2 Company Revenue
- 9.3.3 Products
- 9.3.4 Recent Developments
9.4. Mitsubishi Electric Corporation
- 9.4.1 Company Overview
- 9.4.2 Company Revenue
- 9.4.3 Products
- 9.4.4 Recent Developments
9.5. ABB SE
- 9.5.1 Company Overview
- 9.5.2 Company Revenue
- 9.5.3 Products
- 9.5.4 Recent Developments
9.6. Bombardier Transportation
- 9.6.1 Company Overview
- 9.6.2 Company Revenue
- 9.6.3 Products
- 9.6.4 Recent Developments
9.7. Fuji Electric Company
- 9.7.1 Company Overview
- 9.7.2 Company Revenue
- 9.7.3 Products
- 9.7.4 Recent Developments
9.8. Siemens AG
- 9.8.1 Company Overview
- 9.8.2 Company Revenue
- 9.8.3 Products
- 9.8.4 Recent Developments
9.9. Woodward Inc.
- 9.9.1 Company Overview
- 9.9.2 Company Revenue
- 9.9.3 Products
- 9.9.4 Recent Developments
9.10. CALB (Contemporary Amperex Technology Co. Limited)
- 9.10.1 Company Overview
- 9.10.2 Company Revenue
- 9.10.3 Products
- 9.10.4 Recent Developments
9.11. BorgWarner Inc.
- 9.11.1 Company Overview
- 9.11.2 Company Revenue
- 9.11.3 Products
- 9.11.4 Recent Developments
9.12. Denso Corporation
- 9.12.1 Company Overview
- 9.12.2 Company Revenue
- 9.12.3 Products
- 9.12.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies