Electric Vehicle Traction Motor Inverter Market Global Production, Growth, Share, Demand And Applications Forecast To 2026
The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: Toyota Industries, Bosch, Valeo, Mitsubishi Electric, Denso, Vitesco Technologies, Hitachi Astemo, Hyundai Mobis, Suzhou Inovance Automotive, Marelli, Zhongshan Broad-Ocean
In October 2018, Valeo Siemens eAutomotive, a joint venture between suppliers Valeo and Siemens, opened a factory in the east China city of Changshu to expand output of high-voltage components for electrified vehicles in China. The plant has 2 production lines for inverters and 1 for electric motors.
In September 2018, Hitachi, Ltd. announced the development of an original energy saving power semiconductor structure, TED-MOS, using next-generation Silicon Carbide (SiC) material that contributes to saving energy in Electric Vehicles (EVs). This power semiconductor is a new device using a fin-structured trench MOSFET based on the conventional DMOS-FET, a SiC transistor of power semiconductor. Using this new device, an energy saving of 50% was confirmed. Hitachi intends to apply this device in motor drive inverters, which are a core component of EVs to increase energy efficiency.
The Global Electric Vehicle Traction Motor Inverter Market Size is Projected to Reach at a CAGR of 17.54% during 2021-2026.
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Covid-19 Impact and Recovery Analysis:
The number one goal of this Electric Vehicle Traction Motor Inverter Market document is to provide Quantitative records withinside the form of charts and graphs. The information regarding market fundamentals is provided surely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this Electric Vehicle Traction Motor Inverter market document.
Electric Vehicle Traction Motor Inverter market Segmentation By Type:
Below 50 kW
Above 100 KW
Electric Vehicle Traction Motor Inverter market Segmentation By Application:
The Global Electric Vehicle Traction Motor Inverter market is projected to grow at a CAGR during the forecast period, to reach USD 7.7 billion by 2027from an estimated USD 2.5 billion in 2021. The automobile industry has witnessed a continuous increase in the integration of various electronic devices in the vehicles. The rising demand for reducing carbon emissions has led to huge innovations and R&D efforts from OEMs and automotive suppliers for the development of components (battery and inverters) and compliance with government regulations. Moreover, the overall weight of the vehicles has increased due to the integration of various electronic features in electric vehicles. The awareness among the consumers, OEMs, and various suppliers along with a push from the government will boost the demand for traction inverter in the market.
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Asia Pacific region is estimated to account for the largest market size during the forecast period.
The Asia Pacific region has emerged as a hub for automobile production and is estimated to be the largest market for vehicle inverters during the forecast period. The growing purchasing power of consumers has triggered the demand for automobiles in the region. Cost advantages for OEMs, low automobile penetration levels, and increased vehicle production offer attractive market opportunities for automobile manufacturers and automotive component suppliers. Also, due to the availability of cheap labor and low production cost, many major OEMs have launched production plants in the region or joined hands with major domestic vehicle manufacturers. The Asia Pacific region is home to key electric vehicles manufacturers such as BYD Auto (China), SAIC Motor (China), and Geely (China). Moreover, it is also home to key suppliers of vehicle inverters such as Denso (Japan), Mitsubishi Electric Corporation (Japan), and Hitachi (Japan).
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Significant Features and Key Highlights of the Reports:
– Detailed overview of Electric Vehicle Traction Motor Inverter Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Electric Vehicle Traction Motor Inverter Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
The report gives answers to the following:
What strategies are followed by key players to fight this Covid-19 situation?
What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
Which are the leading market players in the Electric Vehicle Traction Motor Inverter industry?
What is the predicted compound annual growth rate (CAGR) of the global marketplace during the forecast period (2021-2026)?
What could be the anticipated value of the Electric Vehicle Traction Motor Inverter marketplace in the during the forecast period?
Impact of COVID-19:
The research includes historic data from 2016 to 2021 and forecasts until 2026 which makes the Electric Vehicle Traction Motor Inverter market report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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