Press release
Current and Future Analysis of Automotive Inverter Market with New Business Strategies and Forecast by 2032 | Siemens AG, Mitsubishi Electric Corporation, Toyota Industries Corporation
Global Automotive Inverter Market research report by Fatpos Global is the precise presentation of its global market size, regional size, and country-level market size. The report was carefully compiled after extensive research to find the most useful data. The data that has been examined considers both the current key players and also the up-and-coming rivals.
The development of the nation's socioeconomic system depends heavily on the automobile industry, a capital and knowledge-intensive sector. The industry is currently progressing at a speedy rate, involving an expanding number of nations in the manufacturing of automobiles, while the market's Automotive Inverter Market forces are constantly shifting.
The motor transport's presence in the framing of the national economy influences the role of the automobile industry in the growth of the contemporary economy and the prospects for its growth. Fatpos Global, having years of experience in writing papers for the auto sector, has published multiple such research reports that help our readers and clients plan and execute their upcoming strategies. The knowledge pieces provided by our highly skilled team in the Automotive Inverter Market research will help players in the demand chain specify systems for upcoming years and gain a strong position in the global market demand development.
"The Automotive Inverter Market grew from USD 9.7 billion in 2022 to USD 48.5 billion by 2032, exhibiting a CAGR of 17.4% during the forecast period." Due to expanding demand for Automotive Inverter Market products, an increasing number of innovations, and growing awareness among end consumers, the global Automotive Inverter Market is expected to grow significantly in the future.
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Industry Analysis
In terms of market size, the auto manufacturing sector currently leads all other manufacturing sectors worldwide. Gasoline and diesel vehicles will continue to be used at least through the end of the decade as the globe transitions to greener energy. All industries, including the automobile industry, are experiencing significant change owing to cutting-edge technology, digitalization, and new business models. Diverse mobility, electrification, autonomous driving, and connectivity are the four disruptive themes in automobile production that are propelling the sector's evolution during the coming ten years.
The industry will undergo several changes due to these developments. According to forecasts, one out of every 10 fresh cars sold in the year 2032 will be used for shared transportation. Unit sales will increase, but more slowly than in past years, notwithstanding the trend for vehicle sharing.
Owing to the COVID-19 pandemic and automotive semiconductor scarcity, the worldwide automobile sector has been dealing with decreased demand and production halts since 2020. Around 11.3 million vehicles were removed from production globally in 2021 as a result of the chip shortage, and predictions predict that the interruptions in the automotive supply chain will impact the removal of an additional seven million vehicles from production in 2022 and 2023. Also, it is anticipated that 15% of all newly sold vehicles will be fully autonomous by 2032.
Segmentation
By Propulsion Type
o Battery Electric Vehicle (BEV)
o Plug-in Hybrid Electric Vehicle (PHEV)
o Hybrid Electric Vehicle (HEV)
By Vehicle Type
o Passenger Vehicle
o Commercial Vehicle
By Technology
o IGBT
o MOSFET
By Material Type
o Silicon
o Silicon Carbide
o Gallium Nitride
By Power Output
o >130 KW
o
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Fatpos Global is a prominent management consulting, advisory, and market research organization. With a team of industry veterans and experts, we assist clients worldwide in making well-informed decisions to achieve sustainable growth. Our services encompass business consulting, strategy consulting, market research, operations consulting, financial advisory, human resources, risk and compliance, environmental consulting, software consulting, and sales consulting. We aim to empower businesses with the necessary insights and guidance to embrace change and drive success.
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