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Vehicle Inverters Market Propulsion Type, Output Power Type, Technology Type, Semiconductor Materials Type, By Vehicle Type, and Region - Global Forecast to 2025

  • ID: 4748163
  • Report
  • Region: Global
  • 161 Pages
  • Markets and Markets
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The Global Vehicle Inverters Market is Estimated to grow from USD 2.5 Billion in 2018 at a CAGR of 17.57% to reach USD 7.7 Billion by 2025

FEATURED COMPANIES

  • Aims Power Compacts
  • Continental AG
  • Energizer
  • Lear Corporation
  • Samlex Europe
  • Toshiba
  • MORE

Strict government regulations regarding carbon emissions and an increase in sales of electric vehicles have driven the vehicle inverters market globally.

The global vehicle inverters market is estimated to grow from USD 2.5 billion in 2018 at a CAGR of 17.57% to reach USD 7.7 billion by 2025. With a huge emphasis on the environmental norms, the electric vehicle market has seen decent growth, and this has led to a growth in its adjacent markets. However, improvement in electronic units in vehicles is challenged by the rising faults and malfunctioning of various units such as controllers, sensors, and capacitors. For example, the failure of DC link capacitors or any IGBT power device can cause an inverter to generate faulty torques at the wheels, causing unsafe driving conditions.

Increasing adoption of EVs in the automotive industry is expected to drive the BEV-based vehicle inverters market.

The BEV-based vehicle inverters market is the fastest and the largest growing segment of the vehicle inverters market. BEVs are considered as zero-emission vehicles. The rebates from the governments on ZEV’s (Zero-Emission Vehicles) purchase can help to increase the BEV sales. Hence, the sale of BEVs is expected to increase in the coming years, which will drive the BEV-based vehicle inverters market.

IGBT-based vehicle inverters market is projected to be the largest market during the forecast period.

Heavy investments by vehicle manufacturers in the research and development of the electrification of vehicles is contributing to the growth of the vehicle inverters market. IGBT-based vehicle inverters can withstand high voltage as the newer version of electric vehicles needs to have higher output capacity. The IGBT market is projected to grow due to the growing demand for electric vehicles that require high power efficiency and faster switching capabilities. Hence, IGBT-based vehicle inverters market, by technology type (power module), is projected to be the largest.

North America is expected to be the second largest market during the forecast period.

Asia Pacific is estimated to be the largest automotive market followed by North America and Europe. North America is home to leading vehicle manufacturers such as Ford Motors, General Motors, and Tesla. The North American automotive industry has witnessed rapid development because of favorable policies adopted by the government in the manufacturing sector. The US is estimated to account for the largest share of the North American vehicle inverters market during the forecast period. The US automotive industry is highly inclined toward innovation, technology, and development of carbon emission free vehicles. Factors such as stringent emission norms and rising technological advancements in the manufacturing of environment friendly vehicles are expected to propel the North American vehicle inverters market.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the vehicle inverters market.

  • By Company Type: OEM - 11% Tier I - 42%, Tier II - 37%, and Tier III - 10%
  • By Designation: C Level - 40%, D Level - 35%, and Others - 25%
  • By Region: North America - 25%, Europe - 40%, and Asia Pacific - 35%

The vehicle inverters market comprises major manufacturers such as Denso (Japan), Delphi Technologies (UK), Continental AG (Germany), Mitsubishi Electric Corporation (Japan), Toshiba (Japan), and Hitachi (Japan).

Research Coverage:
The market study covers the vehicle inverters market across different segments. It aims at estimating the market size and future growth potential of this market across different segments such as by propulsion type, technology type (power module), semiconductor materials type, output power type, vehicle type, and region. The study also includes an in-depth competitive analysis of the key players in the market along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall vehicle inverters market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aims Power Compacts
  • Continental AG
  • Energizer
  • Lear Corporation
  • Samlex Europe
  • Toshiba
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources
2.2.2 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.3.3 Key Data From Primary Sources
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Market Breakdown and Data Triangulation
2.6 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Vehicle Inverters Market
4.2 Vehicle Inverters Market, By Region
4.3 Market, By Country
4.4 Market, By Output Power
4.5 Market, By Technology (Power Module)
4.6 Market, By Propulsion Type
4.7 Market, By Semiconductor Materials Type
4.8 Market, By Vehicle Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in Sales of Electric Vehicles Globally
5.2.1.2 Surge in the Use of Various Handheld and Household Devices in Vehicles
5.2.1.3 Usage of Navigation Devices and Smartphones By Cab Aggregators, Car Rental, and Fleet Management Service Providers
5.2.2 Restraints
5.2.2.1 Lower Utilization of Battery Power for Necessary Vehicle Applications
5.2.2.2 Complex Design and Integration Process for Advanced Applications
5.2.2.3 Functional Safety Requirements
5.2.3 Opportunities
5.2.3.1 Development of High Power Density Inverters
5.2.3.2 Demand for Combined Inverter and Dc/Dc Converter
5.2.4 Challenges
5.2.4.1 Increase in the Overall Weight of the Vehicle and More Space Consumption By the Inverter

6 Industry Trends
6.1 Introduction
6.2 Technology Overview
6.2.1 Development of Multilevel Inverters for EV Applications
6.2.2 New Semiconductor Materials: Silicon Carbide and Gallium Nitride
6.2.2.1 Silicon Carbide (SiC)
6.2.2.2 Gallium Nitride (GaN)
6.2.3 Emergence of Advanced Vehicle Inverters in Electric Vehicles
6.3 Regulatory Overview
6.4 Value Chain Analysis

7 Electric Vehicle Inverters Market, By Propulsion Type
7.1 Introduction
7.2 Research Methodology
7.3 Battery Electric Vehicle (BEV)
7.3.1 Increase in Sales of BEV Will Boost the Market of Vehicle Inverters Globally
7.4 Hybrid Electric Vehicle (HEV)
7.4.1 Rise in Usage of Fully Hybrid Vehicles Will Fuel the Market of Vehicle Inverters
7.5 Plug-In Hybrid Electric Vehicle (PHEV)
7.5.1 Better Charging Infrastructure Will Directly Propel the Vehicle Inverters Market
7.6 Key Industry Insights

8 Electric Vehicle Inverters Market, By Technology Type (Power Module)
8.1 Introduction
8.2 Research Methodology
8.3 IGBT
8.3.1 IGBT Provides Faster Switching Capabilities and Suitable for High Power Applications
8.4 Mosfet
8.4.1 Mosfet has the Advantages of Higher Commutation Speed and Greater Efficiency During Operation at Low Voltages
8.5 Key Industry Insights

9 Electric Vehicle Inverters Market, By Semiconductor Materials Type
9.1 Introduction
9.2 Research Methodology
9.3 Gallium Nitride
9.3.1 Gallium Nitride Specialized Semiconductor Usually Used in Optical Electronics
9.4 Silicon
9.4.1 Silicon Devices Supports High Frequency Switching Applications
9.5 Silicon Carbide
9.5.1 Silicon Carbide Materials Provide Greater Thermal Management Flexibility
9.6 Key Industry Insights

10 Electric Vehicle Inverters Market, By Output Power
10.1 Introduction
10.2 Research Methodology
10.3 <= 130kW
10.3.1 Suitable for Fwd Or Rwd Wheel Drive Vehicles
10.4 > 130kW
10.4.1 Best Suited for Awd Wheel Drive Vehicles
10.5 Key Industry Insights

11 Vehicle Inverters Market, By Vehicle Type
11.1 Introduction
11.2 Research Methodology
11.3 Passenger Cars
11.3.1 Vehicle Inverters Find Application in Lower Power Usage Devices in Passenger Cars
11.4 Commercial Vehicles
11.4.1 Vehicle Inverters Enable the Usage of Household Electric Appliances in Commercial Vehicles
11.5 Key Industry Insights

12 Electric Vehicle Inverters Market, By Region
12.1 Introduction
12.2 Asia Pacific
12.2.1 China
12.2.1.1 Incentives and Subsidy Will Push the Growth of Electric Vehicles in China
12.2.2 India
12.2.2.1 Favorable Government Policies Will Foster the Growth of the Electric Vehicle Industry
12.2.3 Japan
12.2.3.1 Major Oems Operating in Japan Will Foster the Market for Electric Vehicles
12.2.4 South Korea
12.2.4.1 Rise in Sales of HEV and BEV Vehicles is Boosting the Market for Vehicle Inverters in South Korea
12.3 North America
12.3.1 Canada
12.3.1.1 Government Initiatives for the Development of Electric Vehicle Infrastructure Will Foster the Growth of Electric Vehicles in Canada
12.3.2 Mexico
12.3.2.1 Cheap Labor Cost is Fueling the Growth of the Automotive Industry in Mexico
12.3.3 US
12.3.3.1 Strict Emission Norms and Huge Expenditure on the Development of Electric Vehicles are Driving the Development of Vehicle Inverters in the US Market
12.4 Europe
12.4.1 France
12.4.1.1 Rising Number of HEVs and PHEVs in France is Boosting the Market for Vehicle Inverters
12.4.2 Germany
12.4.2.1 High Focus on Reducing Carbon Emissions is Driving the Market for Electric Vehicles in Germany
12.4.3 Netherlands
12.4.3.1 Netherlands has the Highest Adoption of Electric Vehicles Driven By Government Incentives
12.4.4 Norway
12.4.4.1 Various Tax Exemption for Electric Vehicles Such as Road Tax, Purchase Tax, Registration Tax, Import Tax, and Annual Tax is Boosting the E-Mobility
12.4.5 Sweden
12.4.5.1 Strong Electric Vehicle Infrastructure
12.4.6 UK
12.4.6.1 UK is Among the Largest Markets for Electric Vehicles in the Europe Region

13 Competitive Landscape
13.1 Overview
13.2 Market Ranking Analysis
13.3 Competitive Situations & Trends
13.3.1 New Product Developments
13.3.2 Expansions
13.3.3 Partnerships/Supply Contracts/Collaborations/ Joint Ventures/Agreements/Mergers & Acquisitions
13.4 Competitive Leadership Mapping
13.4.1 Visionary Leaders
13.4.2 Innovators
13.4.3 Dynamic Differentiators
13.4.4 Emerging Companies

14 Company Profiles
14.1 Denso
14.2 Delphi Technologies
14.3 Continental AG
14.4 Robert Bosch GmbH
14.5 Mitsubishi Electric Corporation
14.6 Hitachi
14.7 Valeo
14.8 Fuji Electric
14.9 Lear Corporation
14.10 Toshiba
14.11 Additional Company Profiles
14.11.1 Toyota Industries
14.11.2 Calsonic Kansei
14.11.3 Sensata Technologies
14.11.4 Samlex Europe
14.11.5 Metric Mind Corporation
14.11.6 Xantrex
14.11.7 Aims Power Compacts
14.11.8 Stanley Black & Decker
14.11.9 Bestek Corp
14.11.10 Energizer

15 Appendix
15.1 Insights From Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: Subscription Portal
15.4 Available Customizations
15.4.1 Vehicle Inverters Market, By Output Power, By Value
15.5 Related Reports
15.6 Author Details

List of Tables
Table 1 Currency Exchange Rates (Wrt USD)
Table 2 Vehicle Inverters Market Size, By Propulsion Type, 2016–2025 (‘000 Units)
Table 3 Market Size, By Propulsion Type, 2016–2025 (USD Million)
Table 4 Battery Electric Vehicle: Market Size, By Region, 2016–2025 (‘000 Units)
Table 5 Battery Electric Vehicle: Market Size, By Region, 2016–2025 (USD Million)
Table 6 Hybrid Electric Vehicle: Market Size, By Region, 2016–2025 (’000 Units)
Table 7 Hybrid Electric Vehicle: Market Size, By Region, 2016–2025 (USD Million)
Table 8 Plug-In Hybrid Electric Vehicle: Market Size, By Region, 2016–2025 (’000 Units)
Table 9 Plug-In Hybrid Electric Vehicle: Market Size, By Region, 2016–2025 (USD Million)
Table 10 Vehicle Inverters Market Size, By Technology Type, 2016–2025 (000’ Units)
Table 11 Market Size, By Technology Type, 2016–2025 (USD Million)
Table 12 IGBT: Market Size, By Region, 2016–2025 (000’ Units)
Table 13 IGBT: Market Size, By Region, 2016–2025 (USD Million)
Table 14 Mosfet: Market Size, By Region, 2016–2025 (000’ Units)
Table 15 Mosfet: Market Size, By Region, 2016–2025 (USD Million)
Table 16 Market Size, By Semiconductor Materials Type, 2016–2025 (USD Million)
Table 17 Gallium Nitride: Market Size, By Region, 2016–2025 (USD Million)
Table 18 Silicon: Vehicle Inverters Market Size, By Region, 2016–2025 (USD Million)
Table 19 Silicon Carbide: Market Size, By Region, 2016–2025 (USD Million)
Table 20 Vehicle Inverters Market Size, By Output Power, 2016–2025 (000’ Units)
Table 21 <= 130kW: Market Size, By Region, 2016–2025 (000’ Units)
Table 22 > 130 kW: Market Size, By Region, 2016–2025 (000’ Units)
Table 23 Vehicle Inverters Market, By Vehicle Type, 2016–2025 (’000 Units)
Table 24 Market, By Vehicle Type, 2016–2025 (USD Million)
Table 25 Passenger Cars: Market, By Region, 2016–2025 (’000 Units)
Table 26 Passenger Cars: Market, By Region, 2016–2025 (USD Million)
Table 27 Commercial Vehicles: Market, By Region, 2016–2025 (’000 Units)
Table 28 Commercial Vehicles: Market, By Region, 2016–2025 (USD Million)
Table 29 Vehicle Inverters Market, By Region, 2016–2025 (‘000 Units)
Table 30 Market, By Region, 2016–2025 (USD Million)
Table 31 Asia Pacific: Vehicle Inverters Market, By Country, 2016–2025 (‘000 Units)
Table 32 Asia Pacific: Vehicle Inverters Market, By Country, 2016–2025 (USD Million)
Table 33 China: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (‘000 Units)
Table 34 China: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (USD Million)
Table 35 India: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (‘000 Units)
Table 36 India: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (USD Million)
Table 37 Japan: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (‘000 Units)
Table 38 Japan: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (USD Million)
Table 39 South Korea: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (‘000 Units)
Table 40 South Korea: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (USD Million)
Table 41 North America: Vehicle Inverters Market, By Country, 2016–2025 (‘000 Units)
Table 42 North America: Vehicle Inverters Market, By Country, 2016–2025 (USD Million)
Table 43 Canada: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (‘000 Units)
Table 44 Canada: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (USD Million)
Table 45 Mexico: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (‘000 Units)
Table 46 Mexico: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (USD Million)
Table 47 US: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (‘000 Units)
Table 48 US: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (USD Million)
Table 49 Europe: Vehicle Inverters Market, By Country, 2016–2025 (‘000 Units)
Table 50 Europe: Vehicle Inverters Market, By Country, 2016–2025 (USD Million)
Table 51 France: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (‘000 Units)
Table 52 France: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (USD Million)
Table 53 Germany: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (‘000 Units)
Table 54 Germany: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (USD Million)
Table 55 Netherlands: Vehicle Inverters Market, By Propulsion Type, 2016–2025 ('000 Units)
Table 56 Netherlands: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (USD Million)
Table 57 Norway: Vehicle Inverters Market, By Propulsion Type, 2016–2025 ('000 Units)
Table 58 Norway: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (USD Million)
Table 59 Sweden: Vehicle Inverters Market, By Propulsion Type, 2016–2025 ('000 Units)
Table 60 Sweden: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (USD Million)
Table 61 UK: Vehicle Inverters Market, By Propulsion Type, 2016–2025 ('000 Units)
Table 62 UK: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (USD Million)
Table 63 New Product Developments, 2015–2018
Table 64 Expansions, 2015–2018
Table 65 Partnerships/Supply Contracts/Collaborations/Joint Ventures/ Agreements/Mergers & Acquisitions, 2015–2018

List of Figures
Figure 1 Vehicle Inverters Market Segmentation
Figure 2 Vehicle Inverters Market Segmentation, By Region
Figure 3 Research Design
Figure 4 Research Methodology Model
Figure 5 Breakdown of Primary Interviews
Figure 6 Global Vehicle Inverters Market Size: Bottom-Up Approach
Figure 7 Global Vehicle Inverters Market Size: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Vehicle Inverters Market: Market Dynamics
Figure 10 Mosfet Based Vehicle Inverter By Technology Type is Expected to Witness the Fastest Growth in the Vehicle Inverters Market, 2018 vs 2025 (USD Million)
Figure 11 SiC (Silicon Carbide) is Expected to Have the Fastest Growth in the Vehicle Inverters Market By 2025 (USD Million)
Figure 12 Vehicle Inverters Market: Market Size
Figure 13 Technological Advancements and the Growth of Electric Vehicles are Expected to Drive the Vehicle Inverters Market
Figure 14 Asia Pacific is Estimated to Be the Largest Vehicle Inverters Market, By Value
Figure 15 Chinese Market is Expected to Witness the Highest Growth During the Forecast Period (By Value)
Figure 16 >130kW Segment is Projected to Have the Largest Market Share in 2025, By Volume
Figure 17 IGBT-Based Vehicle Inverters is Estimated to Dominate the Market, By Value
Figure 18 BEVs are Projected to Dominate the Vehicle Inverters Market, By Value
Figure 19 Si Materials are Projected to Dominate the Vehicle Inverters Market, By Value
Figure 20 Commercial Vehicles are Projected to Dominate the Vehicle Inverters Market, By Value
Figure 21 Vehicle Inverters Market: Market Dynamics
Figure 22 Sales of Electric Vehicles
Figure 23 Usage of Inverters in EV/HEV
Figure 24 Powertrain Architecture of Electric Vehicle
Figure 25 Hitachi’s Future Inverter Development Plan
Figure 26 2012 Nissan Leaf Inverter Weight Distribution
Figure 27 Usage of Inverters to Power Various Devices
Figure 28 Advantages of Multilevel Inverters
Figure 29 Power Comparison of Silicon Power Semiconductor vs Silicon Carbide Power Semiconductor
Figure 30 Silicon Carbide vs Gallium Nitride
Figure 31 Hitachi’s Vehicle Inverter Evolution
Figure 32 Hitachi: Comparison of Maximum Current Ratios
Figure 33 Value Chain Analysis: Vehicle Inverters Market
Figure 34 Vehicle Inverters Market, By Propulsion Type, 2018 vs 2025 (USD Million)
Figure 35 Vehicle Inverters Market, By Technology Type, 2018 vs 2025 (USD Million)
Figure 36 Vehicle Inverters Market, By Semiconductor Materials Type, 2018 vs 2025 (USD Million)
Figure 37 Vehicle Inverters Market, By Output Power, 2018 vs 2025 (‘000 Units)
Figure 38 Vehicle Inverters Market, By Vehicle Type, 2018 vs 2025 (USD Million)
Figure 39 Asia Pacific is Estimated to Hold the Largest Market Share In
Figure 40 Asia Pacific: Vehicle Inverters Market Snapshot
Figure 41 North America: Vehicle Inverters Market Snapshot
Figure 42 Europe: Vehicle Inverters Market Snapshot, By Country, 2018 vs 2025 (USD Million)
Figure 43 Key Developments By Leading Players in the Vehicle Inverters Market for 2015–2018
Figure 44 Continental Lead the Vehicle Inverters Market in 2017
Figure 45 Competitive Leadership Mapping: Vehicle Inverters Market, 2018
Figure 46 Company Snapshot: Denso
Figure 47 SWOT Analysis: Denso
Figure 48 Company Snapshot: Delphi Technologies
Figure 49 SWOT Analysis: Delphi Technologies
Figure 50 Company Snapshot: Continental AG
Figure 51 SWOT Analysis: Continental AG
Figure 52 Company Snapshot: Robert Bosch GmbH
Figure 53 SWOT Analysis: Robert Bosch GmbH
Figure 54 Company Snapshot: Mitsubishi Electric Corporation
Figure 55 SWOT Analysis: Mitsubishi Electric Corporation
Figure 56 Company Snapshot: Hitachi
Figure 57 Company Snapshot: Valeo
Figure 58 Company Snapshot: Fuji Electric
Figure 59 Company Snapshot: Lear Corporation
Figure 60 Company Snapshot: Toshiba

Note: Product cover images may vary from those shown
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  • Aims Power Compacts
  • Bestek Corp
  • Calsonic Kansei
  • Continental AG
  • Delphi Technologies
  • Denso
  • Energizer
  • Fuji Electric
  • Hitachi
  • Lear Corporation
  • Metric Mind Corporation
  • Mitsubishi Electric Corporation
  • Robert Bosch GmbH
  • Samlex Europe
  • Sensata Technologies
  • Stanley Black & Decker
  • Toshiba
  • Toyota Industries
  • Valeo
  • Xantrex
Note: Product cover images may vary from those shown
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