Press release
Global Automotive Inverter market is anticipated to grow at a CAGR of 9.0% during 2021-2026
The Automotive Inverter market is witnessing robust growth owing to the factors such as rising government’s inclination towards the adoption of alternate energy vehicles due to growing environmental issue, burgeoning investment on set-up of production facility for the electric vehicle in the developing countries and technological advancement and innovation in inverters by the market players. Besides these, various initiatives taken by governments to upsurge the sales of electric vehicle is anticipated to propel the demand for automotive inverter in the forecast period.Key questions answered in the study:
1. What are the current and future trends of the Automotive Inverter industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Automotive Inverter industry?
5. What is the customer orientation, purchase behavior, and expectations from the Automotive Inverter firms across various regions?
Get the sample pages of the market research: https://www.marknteladvisors.com/query/request-sample/global-automotive-inverter-market.html
According to MarkNtel Advisors’ research report “Global Automotive Inverter Market Analysis, 2021”, the Global Automotive Inverter market is anticipated to grow at a CAGR of 9.0% during 2021-2026. The COVID-19 pandemic has a negative impact on automotive inverter market. The short-term fall in the demand for electric vehicle owing to temporary halt in the production activities. China is among the largest component supplier to the EV manufacturing ecosystem worldwide, thus closed down of border significantly disrupted the supply-chain. However, the market is reviving and positive growth in the automotive inverter market is set to be observed due to upsurge in the demand for electric vehicle in the forecast period.
“Global Automotive Inverter Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Automotive Inverter providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Europe Acquired the Majority Market Share
Based on Region, Europe acquired the majority market share in the Global Automotive Inverter market in 2020. The adoption of electric vehicle is high among the European countries. Norway has the highest share of plug-in electric vehicle worldwide. The surging government regulation and policies toward reducing the carbon emission has propelled the e-mobility market which further led to boost in the demand for automotive inverters. Moreover, strong foothold of giant market players and decreasing prices of electric vehicle are the major factors driving the growth of Automotive market in the forecast period as stated in MarkNtel Advisors’ research report “Global Automotive Inverter Market Analysis, 2021”.
For detailed analysis, visit: https://www.marknteladvisors.com/research-library/global-automotive-inverter-market.html
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Automotive Inverter market are Bosch, Continental, Denso, Mitsubishi Electric, Hyundai Mobis, Valeo Group, Lear, Toyota Industries, Magneti Marelli, Hitachi Automotive Systems, TVS Group, China Auto Electronics Group, Tata AutoComp Systems, Zhejiang Founder Motor, ABB, Arens Controls, etc.
Market Segmentation:
1. By Product Type (Square Wave, Quasi-Sine Wave, Sine Wave)
2. By Application (Electric Vehicle, Hybrid Vehicle, Fuel Cell Vehicle)
3. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
4. By Country (US, Canada, Mexico, Brazil, The UK, France, Italy, Spain, Germany, China, India, Japan, GCC, South Africa),
5. By Company (Bosch, Continental, Denso, Mitsubishi Electric, Hyundai Mobis, Valeo Group, Lear, Toyota Industries, Magneti Marelli, Hitachi Automotive Systems, TVS Group, China Auto Electronics Group, Tata AutoComp Systems, Zhejiang Founder Motor, ABB, Arens Controls, etc.)
MarkNtel Advisors
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Email: sales@marknteladvisors.com
Tel: +1613-707-5086
Website: https://www.marknteladvisors.com
MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.
We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.
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