Press release
Traction Inverter Market Key Manufacturers Development Trends and Competitive Analysis 2028
Traction Inverter Market
The traction inverter is located between the high voltage system battery and the electric motor in the high voltage electrical system of a car, truck, or bus. The motor is driven by converting the DC power from the HV system into three AC output phases. A vital part of an EV, the inverter and motor work together to determine the dynamics, performance, and driving experience. The effectiveness of the motor and traction under all driving conditions, including acceleration, steady state, and energy recovery into the battery through regenerative braking, directly affects a vehicle's range. Power integrations provide gate drivers and power supply ICs for the automotive-qualified traction inverter, which increases efficiency while reducing cost and space requirements and ensuring functional safety. Packages meet the most recent criteria for vehicles upgrading to 800 V designs with reinforced isolation and longer creepage distance.
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Companies Profiled in this report includes:
• BorgWarner Inc
• Continental AG
• Delphi Technologies Plc
• Hitachi, Ltd.
• Mitsubishi Electric Corporation
• Siemens AG
• Toshiba Corporation
• Voith GmbH & Co. KGaA
• Curtiss-Wright Industrial Group
• Dana
One of the main causes that present an opportunity for industry growth is the notable increase in the demand for electric and hybrid electric vehicles worldwide. Due to the rise in demand for higher levels of integration and increased power density across electric vehicles, automotive manufacturers and suppliers are increasing their production. Accordingly, the automotive traction inverter market is expected to increase due to the rising demand for lithium-ion batteries. The majority of the plug-in hybrids and electric vehicles make use of lithium-ion batteries. The production of automotive lithium-ion batteries increased by 33% in 2020.
Additionally, several technical developments, like the WBG devices, primarily SiC and GaN, boost market expansion. The Si-IGBT is preferably used across the automotive industry owing to its affordability, efficiency, and short circuit capacity. In addition, the stringent regulatory reforms backed by the government and market players present lucrative opportunities for increasing demand for traction inverters with regard to rising electric car production. The automotive traction inverter market is expected to evolve with additional factors, such as rising awareness among the consumers, OEMs, and numerous suppliers brought by stringent government laws, which will further encourage the adoption of the automotive traction inverters in the global market.
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Traction Inverter Market Segmentation:
Propulsion type:
• BEV
• HEV
• PHEV
Voltage type:
• Up to 200V
• to 900V
• V and above
Technology type:
• IGBT
• MOSFET
By Vehicle Type:
• Passenger Cars
• Commercial Vehicles
Impact of COVID-19 Pandemic on Traction Inverter Market
Due to the widespread COVID - 19, the entire automotive industry came to a halt with minimal resources to foresee the future. The pandemic rise has kept the vehicle sector under intense strain due to demand and supply factors. Due to lockout restrictions, the auto sector witnessed a demand and supplied shock with limited time to recovery. The exports of Chinese auto parts and accessories, which form the primary sources of the world's vehicle production, also faced significant challenges from supply to destination. OEM assembly in North America, Europe, and Asia was hampered due to China' supply deficit. With US$ 11.7 billion in Chinese exports of vehicle parts and accessories, the UShas been the country that was most vulnerable to disruption. Followed by the US, Japan noticed US$ 3.2 billion of China's export disruption. Additionally, Germany, followed by South Korea and Mexico, faced similar problems, affecting the developments in the automotive industry. Traction inverter manufacturers faced numerous problems owing to these causes, impacting the growth of automotive traction inverter market.
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