Traction Inverter Market | Industry analysis - Mitsubishi Electric Corporation, Hitachi Ltd., Delphi Technologies, ABB, Voith GMbh and TM4
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In the recent past, there has been significant demand of integration in transport and automotive industries. With respect to sensitive factors such as system costs and weight restriction, the trend of e-machine and electro-mobility integrated with the power electronics need for a traction inverter has gained momentum.
The unrestrained emissions of volatile organic compounds have encouraged customers to adopt electric or hybrid vehicles, which are comparatively less polluting and more efficient than traditional vehicles. These aforementioned insights are in line with the report titled, “Global Market Study on Traction Inverter: E-mobility and the Need to Curb Current Emission Scenario to Aggrandize Demand Through 2026,” which has lately been incorporated in the ever-expanding repository of Market Research Reports Search Engine (MRRSE).
The flourishing of traction inverter has been prevalent in China as the government provides subsidies, on the basis of battery pack size ranging from over USD 600 to USD 14,000. Moreover, Shanghai and Beijing provide free registration plates for electric hybrid vehicles which has enhanced the traction inverter market. Meanwhile, the U.S. government came up with incentives for the hybrid electric vehicles owners in the shape of tax credits expanding to the utmost USD 7,500 which depends upon the type of battery used.
Analyzing a host of factors, in terms of market share, the market for traction inverter is estimated to expand at a CAGR of over 12% during the forecast period 2018-2026. With the view to expand its customer base, manufacturers are involved in joint ventures with small-scale players. Besides, companies are heavily investing to roll out innovative products to augment the growth the market.
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The report offers an in-depth analysis on the market for traction inverter for the forecast period 2018-2026. Further, the report offers an assessment on the dynamics, trends, opportunities and restraints which impact the growth of the traction inverter market considerably. The report also delves into the segregation of the traction invertor market with respect to vehicle type, technology, sales channel and region.
The report starts with an overview and offers insights on market definition and taxonomy. The report also sheds light on the macro-economic factors, value chain analysis and patent analysis. The last section of the report incorporates competitive scenario of the traction inverter market with a dashboard view incorporating competition development, competition benchmarking and competition deep dive. The report sheds light on company overview, product portfolio, production footprint, sales footprint, channel footprint, gross margin benchmarking and strategy overview. A few of the companies profiled in the report are BorgWarner Inc., Mitsubishi Electric Corporation, Hitachi Ltd., Delphi Technologies, ABB, Voith GMbh and TM4 Inc, among others.
The research methodology in this report incorporates of primary resources, secondary resources, and assessment from experienced panel of expert. Primary resources consists of e-mail interactions, telephonic interviews, and reviews of the traction invertor market across various regions. Secondary resources in the report embody investors’ presentation, SEC filings, annual reports, government document, market reports, relevant patent and regulatory database. Panel of expert rigorously assesses the report to provide readers with actionable insights. The assessment of the traction invertor market across region is done on the basis of Y-o-Y growth. Moreover, the analysis of the report has also hinges upon absolute dollar opportunity analysis. In order to comprehend the role of every individual segment in the growth of the market, Basis Point Share (BPS) has been considered.
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