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Global Electric Vehicle Power Inverter Market 2023-2027

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    Report

  • 120 Pages
  • November 2022
  • Region: Global
  • TechNavio
  • ID: 5449059
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The electric vehicle power inverter market is poised to grow by $7,828.33 million during 2023-2027, accelerating at a CAGR of 8.84% during the forecast period. The market is driven by increasing sales of BEVs and PHEVs, reduced cost of inverter components due to advancements in materials and improved packaging arrangement, and an increase in technological innovation.

This report on the electric vehicle power inverter market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.

The electric vehicle power inverter market is segmented as below:

By Application

  • Full hybrids
  • Pure EV
  • Plug-in hybrids
  • Commercial HEV
  • Mild hybrids

By Type

  • Passenger cars
  • Commercial vehicles

By Geography

  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa
This study identifies the in-wheel micro-inverter system as one of the prime reasons driving the electric vehicle power inverter market growth during the next few years. Also, the adoption of new materials and the implementation of new bundle solutions and packaging will lead to sizable demand in the market.

This report on the electric vehicle power inverter market covers the following areas:

  • Electric vehicle power inverter market sizing
  • Electric vehicle power inverter market forecast
  • Electric vehicle power inverter market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle power inverter market vendors that include 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. Also, the electric vehicle power inverter market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

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

Executive Summary

The analyst recognizes the following companies as the key players in the global electric vehicle power inverter market: 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.

Commenting on the report, one of the report's analysts said: 'The latest trend gaining momentum in the market is an in-wheel micro-inverter system.'

According to the report, one of the major drivers for this market is the increasing sales of BEVs and PHEVs.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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
  • Aptiv

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