Vehicle Inverter Market ? Sophisticated Demand & Key Performers 2026

Posted by vakhas on March 29th, 2019

Vehicle Inverter Market: Overview

A vehicle inverter is a power management system, which is enabled with software to help power next generation electric vehicles. The vehicle inverter has been used in the hybrid, as well electric vehicles, to convert the multi-phase alternating power to give speed and traction to the vehicles. A wide range of power management applications of the vehicle inverter in the electric vehicles is expected to increase the demand over the forecast period.

Vehicle inverter can raise the potential and desired speed of electric vehicles, which is likely to push the market for vehicle inverter. The rising electric vehicle industry and penetration of light electric vehicles, which is likely to drive the market for vehicle inverter in the near future.

The upward trend in electric vehicle sales together with increasing pressure from the regulatory bodies across the globe and stringent government regulations for power enabled systems is likely to push the market for vehicle inverter.

The rise in high power efficiency trend of electric vehicles is estimated to expand the market for the vehicle inverter.

Vehicle Inverter Market: Market Dynamics

As per International energy agency, over 1 million electric cars were sold in 2017 (with majority of the sales in China) and the total electric cars fleet surpassed 3 million across the globe. The increasing penetration of electric cars is projected to fuel the sale of vehicle inverter in the near future.

The increasing demand for light electric vehicles leads to the growing demand for vehicle inverter in the near future. Vehicle inverter acts as an effective power management system and control system in the vehicles, which gives desired torque to the vehicles.

The rise in the global automotive market is expected to drive the market for a vehicle inverter. Additionally, the government’s support policies for electric mobility is likely to boost the global vehicle inverter market. The rising expenditure on the zero emission vehicles is expected to push the demand for battery vehicles, which is projected to push the demand for vehicle inverter.

Heavy investments by industrial giants in the electric mobility markets is likely to boost the manufacturing and sales of vehicle inverters in the near future.

Vehicle Inverter Market: Regional Outlook

The vehicle inverter market has categorized into seven critical regions: North America, Latin America, Europe, East Asia, South Asia, Oceania and the Middle East and Africa. The vehicle inverter market has expected to register healthy growth during the forecast period, as the demand for electric vehicles is growing across the globe. East Asia and South Asia represents a significantly high market share as nearly 50% of electric vehicles registered in China, and the market for a vehicle inverter will grow at a significant growth rate due to the rising regulations over fossil fuel vehicles. China and India’s developing market is expected to positively impact the growth of the vehicle inverter market due to the increasing production of the electric vehicles across the region.

Moreover, Europe is a growing market due to the high expenditure on electrification of mobility, which is likely to boost the market for vehicle inverter.

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Vehicle Inverter Market: Key Players

Some of the major players in the vehicle inverter market are Continental AG, Denso Corporation, Robert Bosch GmbH, Hitachi Automotive Systems, Ltd., Infineon Technologies AG and Toshiba Corporation among others.

The research report presents a comprehensive assessment of the vehicle inverter market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report for vehicle inverter provides analysis and information according to market segments such as geographies, technology type, level of integration, vehicle type and sales channel.