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Global Automotive Traction Inverters Market Size study, by Propulsion Type (BEV, HEV, PHEV) by Output Power (Less Than or Equal to 130 kW, More Than 130 kW), by Semiconductor Material (Gallium Nitride (GaN), Silicon (Si), Silicon Nitride (SiC)) by Technology Type (IGBT, MOSFET), by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles) and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: G3C8164AFC92EN
Bizwit Research & Consulting LLP

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Global Automotive Traction Inverters Market is valued approximately USD 5.6 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 17.57% over the forecast period 2024-2032. An automotive traction inverter serves as a critical component in electric and hybrid vehicles, facilitating the transformation of direct current (DC) sourced from the vehicle's battery pack into alternating current (AC). This conversion is pivotal for regulating the speed and torque of the electric motor or motors, ensuring the vehicle operates efficiently and seamlessly. Additionally, traction inverters contribute to regenerative braking systems by converting kinetic energy from braking into electrical energy, which is subsequently stored in the battery pack for future utilization. The increasing demand for automotive traction inverters has led to the emergence of new market players, including startups and technology companies specializing in electric vehicle components. This influx of new players is fostering competition and innovation in the traction inverter market, leading to a broader range of product offerings and technological advancements.

The growth of charging infrastructure for electric vehicles, including fast chargers and high-power charging stations, is driving the demand for high-capacity traction inverters capable of fast charging capabilities. Traction inverters with bidirectional power flow capabilities also support vehicle-to-grid (V2G) and vehicle-to-home (V2H) applications, further enhancing their value proposition. Furthermore, the Automotive Traction Inverters Market is driven by rise in electric vehicle (EV) adoption and the expansion of charging infrastructure. The push for energy-efficient vehicles and the expansion of charging infrastructure worldwide are contributing to the rising adoption of electric vehicles, further boosting the traction inverters market. The growing awareness among consumers about the benefits of electric vehicles, including lower operational costs and reduced carbon footprint, is another significant factor supporting market expansion. However, high initial investment costs associated with Automotive Traction Inverters and availability of alternatives would stifle market growth between 2022 and 2032.

The key regions considered for the global Automotive Traction Inverters market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia Pacific was the largest regional market in terms of revenue. In its long-term strategy, The Asia-Pacific region is poised to experience a notable surge in automotive traction inverter market share. This growth is particularly fueled by countries like China, Japan, and South Korea, which serve as pivotal centers for automotive component production. A key driving force behind this uptick is the increasing adoption of electric vehicles (EVs) in the region. The market in North America is expected to grow at the fastest rate over the forecast period.

Major market player included in this report are:
Denso Corporation
Robert Bosch GmbH
BorgWarner Inc.
Hitachi, Ltd.
TDK Electronics
Mitsubishi Electric Corporation
Valeo SA
Eaton Corporation
Vitesco Technologies Group
Curtiss-Wright Corporation

The detailed segments and sub-segment of the market are explained below:

By Propulsion Type
BEV
HEV
PHEV

By Output Power
Less Than or Equal to 130 kW
More Than 130 kW

By Semiconductor Material:
Gallium Nitride (GaN)
Silicon (Si)
Silicon Nitride (SiC)

By Technology Type:
IGBT
MOSFET

By Vehicle Type:
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market
CHAPTER 1. GLOBAL AUTOMOTIVE TRACTION INVERTERS MARKET DEFINITION AND RESEARCH ASSUMPTIONS

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
  1.3.1. Inclusion & Exclusion
  1.3.2. Limitations
  1.3.3. Supply Side Analysis
    1.3.3.1. Availability
    1.3.3.2. Infrastructure
    1.3.3.3. Regulatory Environment
    1.3.3.4. Market Competition
    1.3.3.5. Economic Viability (Consumer’s Perspective)
  1.3.4. Demand Side Analysis
    1.3.4.1. Regulatory frameworks
    1.3.4.2. Technological Advancements
    1.3.4.3. Environmental Considerations
    1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Global Automotive Traction Inverters Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
  2.3.1. By Propulsion Type
  2.3.2. By Output Power
  2.3.3. By Semiconductor Material
  2.3.4. By Technology Type
  2.3.5. By Vehicle Type
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

CHAPTER 3. GLOBAL AUTOMOTIVE TRACTION INVERTERS MARKET DYNAMICS

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

CHAPTER 4. GLOBAL AUTOMOTIVE TRACTION INVERTERS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL AUTOMOTIVE TRACTION INVERTERS MARKET SIZE & FORECASTS BY PROPULSION TYPE 2022-2032

5.1. BEV
5.2. HEV
5.3. PHEV

CHAPTER 6. GLOBAL AUTOMOTIVE TRACTION INVERTERS MARKET SIZE & FORECASTS BY OUTPUT POWER 2022-2032

6.1. Less Than or Equal to 130 kW
6.2. More Than 130 kW

CHAPTER 7. GLOBAL AUTOMOTIVE TRACTION INVERTERS MARKET SIZE & FORECASTS BY SEMICONDUCTOR MATERIAL 2022-2032

7.1. Gallium Nitride (GaN)
7.2. Silicon (Si)
7.3. Silicon Nitride (SiC)

CHAPTER 8. GLOBAL AUTOMOTIVE TRACTION INVERTERS MARKET SIZE & FORECASTS BY TECHNOLOGY TYPE 2022-2032

8.1. IGBT
8.2. MOSFET

CHAPTER 9. GLOBAL AUTOMOTIVE TRACTION INVERTERS MARKET SIZE & FORECASTS BY VEHICLE TYPE 2022-2032

9.1. Passenger Vehicles
9.2. Light Commercial Vehicles
9.3. Heavy Commercial Vehicles

CHAPTER 10. GLOBAL AUTOMOTIVE TRACTION INVERTERS MARKET SIZE & FORECASTS BY REGION 2022-2032

10.1. North America Automotive Traction Inverters Market
  10.1.1. U.S. Automotive Traction Inverters Market
    10.1.1.1. Propulsion Type breakdown size & forecasts, 2022-2032
    10.1.1.2. Output Power breakdown size & forecasts, 2022-2032
    10.1.1.3. Semiconductor Material breakdown size & forecasts, 2022-2032
    10.1.1.4. Technology Type breakdown size & forecasts, 2022-2032
    10.1.1.5. Vehicle Type breakdown size & forecasts, 2022-2032
  10.1.2. Canada Automotive Traction Inverters Market
10.2. Europe Automotive Traction Inverters Market
  10.2.1. U.K. Automotive Traction Inverters Market
  10.2.2. Germany Automotive Traction Inverters Market
  10.2.3. France Automotive Traction Inverters Market
  10.2.4. Spain Automotive Traction Inverters Market
  10.2.5. Italy Automotive Traction Inverters Market
  10.2.6. Rest of Europe Automotive Traction Inverters Market
10.3. Asia-Pacific Automotive Traction Inverters Market
  10.3.1. China Automotive Traction Inverters Market
  10.3.2. India Automotive Traction Inverters Market
  10.3.3. Japan Automotive Traction Inverters Market
  10.3.4. Australia Automotive Traction Inverters Market
  10.3.5. South Korea Automotive Traction Inverters Market
  10.3.6. Rest of Asia Pacific Automotive Traction Inverters Market
10.4. Latin America Automotive Traction Inverters Market
  10.4.1. Brazil Automotive Traction Inverters Market
  10.4.2. Mexico Automotive Traction Inverters Market
  10.4.3. Rest of Latin America Automotive Traction Inverters Market
10.5. Middle East & Africa Automotive Traction Inverters Market
  10.5.1. Saudi Arabia Automotive Traction Inverters Market
  10.5.2. South Africa Automotive Traction Inverters Market
  10.5.3. Rest of Middle East & Africa Automotive Traction Inverters Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Key Company SWOT Analysis
  11.1.1. Company
  11.1.2. Company
  11.1.3. Company
11.2. Top Market Strategies
11.3. Company Profiles
  11.3.1. Denso Corporation
    11.3.1.1. Key Information
    11.3.1.2. Overview
    11.3.1.3. Financial (Subject to Data Availability)
    11.3.1.4. Product Summary
    11.3.1.5. Market Strategies
  11.3.2. Robert Bosch GmbH
  11.3.3. BorgWarner Inc.
  11.3.4. Hitachi, Ltd.
  11.3.5. TDK Electronics
  11.3.6. Mitsubishi Electric Corporation
  11.3.7. Valeo SA
  11.3.8. Eaton Corporation
  11.3.9. Vitesco Technologies Group
  11.3.10. Curtiss-Wright Corporation

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Automotive Traction Inverters market, report scope
TABLE 2. Global Automotive Traction Inverters market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Automotive Traction Inverters market estimates & forecasts by Propulsion Type 2022-2032 (USD Billion)
TABLE 4. Global Automotive Traction Inverters market estimates & forecasts by Output Power 2022-2032 (USD Billion)
TABLE 5. Global Automotive Traction Inverters market estimates & forecasts by Semiconductor Material 2022-2032 (USD Billion)
TABLE 6. Global Automotive Traction Inverters market estimates & forecasts by Technology Type 2022-2032 (USD Billion)
TABLE 7. Global Automotive Traction Inverters market estimates & forecasts by Vehicle Type 2022-2032 (USD Billion)
TABLE 8. Global Automotive Traction Inverters market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Automotive Traction Inverters market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Automotive Traction Inverters market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Automotive Traction Inverters market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Automotive Traction Inverters market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Automotive Traction Inverters market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Automotive Traction Inverters market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. Global Automotive Traction Inverters market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. Global Automotive Traction Inverters market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. Global Automotive Traction Inverters market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 18. U.S. Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. U.S. Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. U.S. Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. Canada Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22. Canada Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. Canada Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. UK Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 25. UK Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. UK Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. Germany Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 28. Germany Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. Germany Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. France Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 31. France Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32. France Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. Italy Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 34. Italy Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 35. Italy Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36. Spain Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 37. Spain Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 38. Spain Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 39. RoE Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 40. RoE Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 41. RoE Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 42. China Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 43. China Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 44. China Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 45. India Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 46. India Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 47. India Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 48. Japan Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 49. Japan Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 50. Japan Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 51. Australia Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 52. Australia Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 53. Australia Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 54. South Korea Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 55. South Korea Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 56. South Korea Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 57.
TABLE 58. RoAPAC Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 59. RoAPAC Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 60. RoAPAC Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 61. Brazil Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 62. Brazil Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 63. Brazil Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 64. Mexico Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 65. Mexico Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 66. Mexico Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 67. RoLA Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 68. RoLA Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 69. RoLA Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 70. Saudi Arabia Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 71. Saudi Arabia Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 72. Saudi Arabia Automotive Traction Inverters market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 73. South Africa Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74.
TABLE 75. South Africa Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. South Africa Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77. RoMEA Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 78. RoMEA Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 79. RoMEA Automotive Traction Inverters market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 80. List of secondary sources, used in the study of Global Automotive Traction Inverters Market.
TABLE 81. List of primary sources, used in the study of Global Automotive Traction Inverters Market.
TABLE 82. Years considered for the study.
TABLE 83. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Automotive Traction Inverters market, research methodology
FIG 2. Global Automotive Traction Inverters market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Automotive Traction Inverters market, key trends 2023
FIG 5. Global Automotive Traction Inverters market, growth prospects 2022-2032
FIG 6. Global Automotive Traction Inverters market, porters 5 force model
FIG 7. Global Automotive Traction Inverters market, pestel analysis
FIG 8. Global Automotive Traction Inverters market, value chain analysis
FIG 9. Global Automotive Traction Inverters market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Automotive Traction Inverters market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Automotive Traction Inverters market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Automotive Traction Inverters market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Automotive Traction Inverters market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Automotive Traction Inverters market, regional snapshot 2022 & 2032
FIG 15. North America Automotive Traction Inverters market 2022 & 2032 (USD Billion)
FIG 16. Europe Automotive Traction Inverters market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Automotive Traction Inverters market 2022 & 2032 (USD Billion)
FIG 18. Latin America Automotive Traction Inverters market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Automotive Traction Inverters market 2022 & 2032 (USD Billion)
FIG 20. Global Automotive Traction Inverters market, company market share analysis (2023)


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