Industry Background:
Electric Vehicle Power Inverter converts direct current (DC) into alternating current (AC), which allows running electric vehicles motors. It has wider application in electric vehicles. There are different kinds of inverters that are used in electrical vehicles like soft-switching electrical converters and traction electrical converters. Additionally, an electrical vehicle power inverter helps to get terribly high current throughout the time of changing the engine because the generated voltage and input voltage have opposite polarities, which generate current. Therefore, this leads to extending in demand for electric vehicles, leading to the expansion of the electric vehicle power inverter market.This growth is primarily driven by Growing Demand for Electric Vehicle
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Machinery & Equipment sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Continental AG (Germany), Mitsubishi Electric Corporation (Japan), TOYOTA INDUSTRIES CORPORATION. (Japan), Robert Bosch GmbH (Germany), Hitachi, Ltd. (Japan), DENSO CORPORATION. (Japan) and BorgWarner Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, In collaboration with the Fraunhofer Institute for Reliability and Micro Integration (Fraunhofer IZM) in Berlin, Robert Bosch has announced a new project aimed at increasing the range of electric vehicles (EVs) by improving the performance of power inverters in vehicles.
In 2021, Continental announced that it has developed a DC-AC inverter system solution for Jaguar Land Rover and high-power electronics including controllers. The power electronics module is claimed to have a high current bearing capacity of up to 650A., In 2021, Robert Bosch introduced a new CV-only electric motor and inverter. This 230 e-motor can be paired with Bosch's state-of-the-art Sic inverters to reduce energy loss and increase the range of commercial vehicles. and In 2021, Hitachi Astemo Ltd announced the adoption of its inverters for the hybrid powertrain platform "Leishen Hi-X" of Geely Automobile Holdings Limited. It is equipped with a direct water-cooled double-sided cooling power module featuring small size and high output.The global Electric Vehicle Power Inverter market is fragmented due to the presence of several players at the global and regional levels. The level of competition among the companies in the Electric Vehicle Power Inverter market is intense. Players investing in new technology to enhance their market presence.
Electric Vehicle Power Inverter Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growing Demand for Electric Vehicle
- Rising Need for Accurate and Efficient Control of Electric Motor
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Influencing Trends | - Advancement in Inverter Technology Leads in Adoption of High Power Density Inverter Technology for Electric Vehicle
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Restraints | - High Cost of Electrical Vehicle Hindering the Electric Vehicle Power Inverter Market
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Road Blocks / Challenges | - Stiff Competition In Electric Vehicle Power Inverter Market
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Gaps & Opportunities | - Growing Electric Mobility in The Developing Countries Leads to Create Numerous Opportunities in Electric Vehicle Power Inverter Market
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Electric Vehicle Power Inverter Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Electric Vehicle Power Inverter Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Electric Vehicle Power Inverter players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Electric Vehicle Power Inverter Study Sheds Light on
The Electric Vehicle Power Inverter Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Electric Vehicle Power Inverter industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electric Vehicle Power Inverter industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.