NEW YORK, Dec. 8, 2022 /PRNewswire/ — The global electric vehicle power inverter market has been categorized as a part of the global automotive components and accessories market. The parent market, the global automotive components and accessories market, covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers.
Technavio has announced its latest market research report titled Global Electric Vehicle Power Inverter Market 2023-2027
The electric vehicle power inverter market size is forecast to grow by USD 7,828.33 million, at a CAGR of 8.84% between 2022 and 2027, according to Technavio, Download a report sample
Electric vehicle power inverter Market 2022-2027: Scope
The electric vehicle power inverter market report covers the following areas:
Electric vehicle power inverter market 2022-2027: Vendor Landscape
The global electric vehicle power inverter market is fragmented due to the presence of a large number of players. The rising demand for micro-mobility coupled with growing awareness about vehicular emissions is encouraging the entry of new players in the market. The competition in the market is intense due to increased product offerings by vendors. To sustain in the competitive market, vendors are investing continuously in R&D to develop inverters with advanced technologies that will increase the efficiency and range of electric vehicles. The threat of rivalry is moderate in 2022 and is expected to remain the same during the forecast period.
Aegis Power Systems Inc., BorgWarner Inc., Bosch Mobility Solutions, Continental AG, Danfoss AS, Denso Corp., Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, LG Magna e Powertrain, Marelli Holdings Co. Ltd., MAHLE GmbH, Hyundai Mobis Co. Ltd, Meidensha Corp., and Metric Mind Engineering are among some of the major market participants.
Electric vehicle power inverter market 2022-2027: Competitive Analysis
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Buy the Report
Electric vehicle power inverter Market 2022-2027: Segmentation
Application
Full hybrids
Pure EV
Plug-in hybrids
Commercial HEV
Mild hybrids
The full hybrids segment held the largest share of the market in 2022. Full hybrids are the first option for many new car buyers across the world. This is because full hybrids offer more benefits when compared with mild hybrids and plug-in hybrids. Unlike plug-in hybrids, full hybrids do not require charging infrastructure. They are equipped with two inverter-motor modules for better torque and performance. Such benefits are increasing the sales of full hybrid vehicles, which is driving the growth of the segment.
Geography
APAC
Europe
North America
South America
Middle East And Africa
APAC is estimated to account for 46% of the market’s growth during the forecast period. The growth of the regional market is driven by the rising demand for electric vehicles and increasing investments in electric vehicle manufacturing plants and expanding existing capabilities. Also, the presence of many major domestic automakers and top tier 1 auto suppliers is contributing to the growth of the electric vehicle power inverter market in APAC.
To gain further insights about various segments, Request a PDF Sample
What are the key data covered in this electric vehicle power inverter market report?
CAGR of the market during the forecast period.
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the size of the electric vehicle power inverter market and its contribution to the parent market.
Accurate predictions about upcoming trends and changes in consumer behavior.
Growth of the market industry across APAC, Europe, North America, South America, and the Middle East and Africa.
Thorough analysis of the market’s competitive landscape and detailed information about vendors.
Comprehensive analysis of factors that will challenge the growth of electric vehicle power inverter market vendors.
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The electric vehicle (EV) charger market is estimated to grow at a CAGR of 29.63% between 2022 and 2027. The size of the market is forecast to increase by 68,483.18 thousand units. The government incentives and subsidies for EV charger infrastructure developments are notably driving the market growth, although factors such as stringent approval rules for the establishment of charger units may impede the market growth.
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Electric Vehicle Power Inverter Market Scope |
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Report Coverage |
Details |
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Page number |
182 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.84% |
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Market growth 2023-2027 |
USD 7828.33 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
7.91 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 46% |
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Key countries |
US, Canada, China, Japan, India, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Aegis Power Systems Inc., BorgWarner Inc., Bosch Mobility Solutions, Continental AG, Danfoss AS, Denso Corp., Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, LG Magna e Powertrain, Marelli Holdings Co. Ltd., MAHLE GmbH, Hyundai Mobis Co. Ltd, Meidensha Corp., Metric Mind Engineering, Mitsubishi Electric Corp., Siemens AG, Toyota Industries Corp., Valeo SA, and Aptiv |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global electric vehicle power invertor market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global electric vehicle power invertor market 2017 – 2021 ($ million)
4.2 Geography Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
4.3 Applicaton Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Applicaton Segment 2017 – 2021 ($ million)
4.4 Type Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Type Segment 2017 – 2021 ($ million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Application
6.1 Market segments
Exhibit 30: Chart on Application – Market share 2022-2027 (%)
Exhibit 31: Data Table on Application – Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Full hybrids – Market size and forecast 2022-2027
Exhibit 34: Chart on Full hybrids – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Full hybrids – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Full hybrids – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Full hybrids – Year-over-year growth 2022-2027 (%)
6.4 Pure EV – Market size and forecast 2022-2027
Exhibit 38: Chart on Pure EV – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Pure EV – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Pure EV – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Pure EV – Year-over-year growth 2022-2027 (%)
6.5 Plug-in hybrids – Market size and forecast 2022-2027
Exhibit 42: Chart on Plug-in hybrids – Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Plug-in hybrids – Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Plug-in hybrids – Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Plug-in hybrids – Year-over-year growth 2022-2027 (%)
6.6 Commercial HEV – Market size and forecast 2022-2027
Exhibit 46: Chart on Commercial HEV – Market size and forecast 2022-2027 ($ million)
Exhibit 47: Data Table on Commercial HEV – Market size and forecast 2022-2027 ($ million)
Exhibit 48: Chart on Commercial HEV – Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Commercial HEV – Year-over-year growth 2022-2027 (%)
6.7 Mild hybrids – Market size and forecast 2022-2027
Exhibit 50: Chart on Mild hybrids – Market size and forecast 2022-2027 ($ million)
Exhibit 51: Data Table on Mild hybrids – Market size and forecast 2022-2027 ($ million)
Exhibit 52: Chart on Mild hybrids – Year-over-year growth 2022-2027 (%)
Exhibit 53: Data Table on Mild hybrids – Year-over-year growth 2022-2027 (%)
6.8 Market opportunity by Application
Exhibit 54: Market opportunity by Application ($ million)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 55: Chart on Type – Market share 2022-2027 (%)
Exhibit 56: Data Table on Type – Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 57: Chart on Comparison by Type
Exhibit 58: Data Table on Comparison by Type
7.3 Passenger cars – Market size and forecast 2022-2027
Exhibit 59: Chart on Passenger cars – Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Passenger cars – Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Passenger cars – Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Passenger cars – Year-over-year growth 2022-2027 (%)
7.4 Commercial vehicles – Market size and forecast 2022-2027
Exhibit 63: Chart on Commercial vehicles – Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on Commercial vehicles – Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on Commercial vehicles – Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Commercial vehicles – Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Type
Exhibit 67: Market opportunity by Type ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 69: Chart on Market share by geography 2022-2027 (%)
Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 71: Chart on Geographic comparison
Exhibit 72: Data Table on Geographic comparison
9.3 APAC – Market size and forecast 2022-2027
Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.4 Europe – Market size and forecast 2022-2027
Exhibit 77: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.5 North America – Market size and forecast 2022-2027
Exhibit 81: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 85: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 89: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 China – Market size and forecast 2022-2027
Exhibit 93: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 (%)
9.9 Germany – Market size and forecast 2022-2027
Exhibit 97: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.10 US – Market size and forecast 2022-2027
Exhibit 101: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on US – Year-over-year growth 2022-2027 (%)
9.11 Japan – Market size and forecast 2022-2027
Exhibit 105: Chart on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on Japan – Year-over-year growth 2022-2027 (%)
9.12 India – Market size and forecast 2022-2027
Exhibit 109: Chart on India – Market size and forecast 2022-2027 ($ million)
Exhibit 110: Data Table on India – Market size and forecast 2022-2027 ($ million)
Exhibit 111: Chart on India – Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on India – Year-over-year growth 2022-2027 (%)
9.13 Canada – Market size and forecast 2022-2027
Exhibit 113: Chart on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 114: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 115: Chart on Canada – Year-over-year growth 2022-2027 (%)
Exhibit 116: Data Table on Canada – Year-over-year growth 2022-2027 (%)
9.14 Market opportunity by geography
Exhibit 117: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 118: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 119: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 120: Overview on factors of disruption
11.4 Industry risks
Exhibit 121: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 122: Vendors covered
12.2 Market positioning of vendors
Exhibit 123: Matrix on vendor position and classification
12.3 Aegis Power Systems Inc.
Exhibit 124: Aegis Power Systems Inc. – Overview
Exhibit 125: Aegis Power Systems Inc. – Product / Service
Exhibit 126: Aegis Power Systems Inc. – Key offerings
12.4 Aptiv
Exhibit 127: Aptiv – Overview
Exhibit 128: Aptiv – Business segments
Exhibit 129: Aptiv – Key offerings
Exhibit 130: Aptiv – Segment focus
12.5 BorgWarner Inc.
Exhibit 131: BorgWarner Inc. – Overview
Exhibit 132: BorgWarner Inc. – Business segments
Exhibit 133: BorgWarner Inc. – Key news
Exhibit 134: BorgWarner Inc. – Key offerings
Exhibit 135: BorgWarner Inc. – Segment focus
12.6 Continental AG
Exhibit 136: Continental AG – Overview
Exhibit 137: Continental AG – Business segments
Exhibit 138: Continental AG – Key offerings
Exhibit 139: Continental AG – Segment focus
12.7 Danfoss AS
Exhibit 140: Danfoss AS – Overview
Exhibit 141: Danfoss AS – Business segments
Exhibit 142: Danfoss AS – Key news
Exhibit 143: Danfoss AS – Key offerings
Exhibit 144: Danfoss AS – Segment focus
12.8 Denso Corp.
Exhibit 145: Denso Corp. – Overview
Exhibit 146: Denso Corp. – Business segments
Exhibit 147: Denso Corp. – Key news
Exhibit 148: Denso Corp. – Key offerings
Exhibit 149: Denso Corp. – Segment focus
12.9 Fuji Electric Co. Ltd.
Exhibit 150: Fuji Electric Co. Ltd. – Overview
Exhibit 151: Fuji Electric Co. Ltd. – Business segments
Exhibit 152: Fuji Electric Co. Ltd. – Key offerings
Exhibit 153: Fuji Electric Co. Ltd. – Segment focus
12.10 Hitachi Ltd.
Exhibit 154: Hitachi Ltd. – Overview
Exhibit 155: Hitachi Ltd. – Business segments
Exhibit 156: Hitachi Ltd. – Key offerings
Exhibit 157: Hitachi Ltd. – Segment focus
12.11 Hyundai Mobis Co. Ltd
Exhibit 158: Hyundai Mobis Co. Ltd – Overview
Exhibit 159: Hyundai Mobis Co. Ltd – Business segments
Exhibit 160: Hyundai Mobis Co. Ltd – Key news
Exhibit 161: Hyundai Mobis Co. Ltd – Key offerings
Exhibit 162: Hyundai Mobis Co. Ltd – Segment focus
12.12 Infineon Technologies AG
Exhibit 163: Infineon Technologies AG – Overview
Exhibit 164: Infineon Technologies AG – Business segments
Exhibit 165: Infineon Technologies AG – Key news
Exhibit 166: Infineon Technologies AG – Key offerings
Exhibit 167: Infineon Technologies AG – Segment focus
12.13 LG Magna e Powertrain
Exhibit 168: LG Magna e Powertrain – Overview
Exhibit 169: LG Magna e Powertrain – Product / Service
Exhibit 170: LG Magna e Powertrain – Key offerings
12.14 MAHLE GmbH
Exhibit 171: MAHLE GmbH – Overview
Exhibit 172: MAHLE GmbH – Business segments
Exhibit 173: MAHLE GmbH – Key news
Exhibit 174: MAHLE GmbH – Key offerings
Exhibit 175: MAHLE GmbH – Segment focus
12.15 Marelli Holdings Co. Ltd.
Exhibit 176: Marelli Holdings Co. Ltd. – Overview
Exhibit 177: Marelli Holdings Co. Ltd. – Product / Service
Exhibit 178: Marelli Holdings Co. Ltd. – Key news
Exhibit 179: Marelli Holdings Co. Ltd. – Key offerings
12.16 Meidensha Corp.
Exhibit 180: Meidensha Corp. – Overview
Exhibit 181: Meidensha Corp. – Business segments
Exhibit 182: Meidensha Corp. – Key news
Exhibit 183: Meidensha Corp. – Key offerings
Exhibit 184: Meidensha Corp. – Segment focus
12.17 Metric Mind Engineering
Exhibit 185: Metric Mind Engineering – Overview
Exhibit 186: Metric Mind Engineering – Product / Service
Exhibit 187: Metric Mind Engineering – Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 188: Inclusions checklist
Exhibit 189: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 190: Currency conversion rates for US$
13.4 Research methodology
Exhibit 191: Research methodology
Exhibit 192: Validation techniques employed for market sizing
Exhibit 193: Information sources
13.5 List of abbreviations
Exhibit 194: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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