About Electric Vehicle Traction Inverter
The EV powertrain is powered by traction inverters and motors. Efficiency gains in these subsystems directly translate into increased vehicle range, performance, and cost. In electric vehicles, the inverter converts direct current (DC) power from the battery to alternating current (AC) power for the motor drive, which then converts it to propulsion power. This system's efficiency has a direct impact with all range, road performance, and comfort. A major trend in the automotive traction inverters market is the increased use of advanced semiconductors. Electric vehicle manufacturers are constantly developing advanced technologies to improve electric vehicle performance, such as increasing range per charge and decreasing charging time without increasing vehicle weight.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for Electric Vehicle Traction Inverter is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Electric Vehicle Traction Inverter market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
STMicroelectronics (Switzerland), Skyworks Solutions, Inc. (United States), Onsemi (United States), Texas Instruments (United States), Danfoss (Denmark), Eaton (Ireland), Melexis (Belgium), Mitsubishi Electric Corporation (Japan), NXP Semiconductors (United States), Microchip Technology Inc. (United States) and Hitachi Automotive Systems Ltd (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Electric Vehicle Traction Inverter market by Type (AC Traction Inverter and DC Traction Inverter), Application (Hybrid Electric Vehicle (HEV) and Plug-In Hybrid Electric Vehicle (PHEV)) and Region.
On the basis of geography, the market of Electric Vehicle Traction Inverter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Silicon Carbide (SiC) will boost the Electric Vehicle Traction Inverter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Design Type, the sub-segment i.e. Box-Type will boost the Electric Vehicle Traction Inverter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement In Electric Vehicle Traction Inverter
Market Growth Drivers:
Increasing Adoption And Sales Of Electric Vehicles Across The Global and Growing Demand For Accurate And Efficient Control Of Electric Motor
Challenges:
Limited Charging Infrastructure May Hamper The Market and Intense Competition Among Player
Restraints:
High Cost Of Installation And Maintenance Of EV Traction Inverter
Opportunities:
Government Support For Production For Electric Vehicle Leads The Demand For Electric Vehicle Traction Inverter and Growing Electric Mobility In The Developing Countries Leads To Create Numerous Opportunities In Electric Vehicle Traction Inverter
On 4 May 2021, Infineon Technologies has announced a new automotive power module based on the proven, market leader CoolSiC MOSFET technology. The HybridPACK Drive CoolSiC features a six-pack full-bridge module with 1200 V blocking voltage, optimized for traction inverters in electric vehicles (EV). Built on top of Infineon’s CoolSiC trench MOSFET technology, the power module is able to achieve high-power density in high-performance applications, maintaining a high reliability.
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.