Electric Vehicle Power Inverter Market 2021-2031 : Growth, Size (USD 22.25 Billion), (CAGR 10.4%), Industry Trends, Top Companies, Global Report

According to a new report published by Allied Market Research, titled, "Electric Vehicle Power Inverter Market Size, Share, Competitive Landscape and Trend Analysis Report by Propulsion (Hybrid Vehicle, Plug in Hybrid Vehicle, Battery Electric Vehicle), by Inverter Type (Traction Inverter, Soft Switching Inverter), by Vehicle Type (Passenger Vehicle, Commercial Vehicle), by Level of Integration (Integrated Inverter System, Separate Inverter System, Mechatronic Integration System), by Distribution Channel (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2031,"

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐏𝐨𝐰𝐞𝐫 𝐈𝐧𝐯𝐞𝐫𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝟐𝟎𝟐𝟏-𝟐𝟎𝟑𝟏 :
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/9122

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
Aptiv,
BYD COMPAY LTD.,
Continental AG,
CWB Automotive Electronics Co., Ltd.,
Denso Corporation,
Hitachi Astemo, Ltd. (Subsidiary of Hitachi, Ltd.),
Lear Corporation,
Marelli Holdings Co., Ltd.,
Meidensha Corporation,
Mitsubishi Electric Corporation,
Nissan motors co., Ltd.,
Robert Bosch GmbH, Siemens, Sungchang, Toyota Industries Corporation, Valeo, and Vitesco Technologies

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 :

The COVID-19 impact on automotive industry is unpredictable, and is expected to remain in force for a few years.

The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import-export of essential raw material items for most of 2020, and few months in 2021. This led to sudden decline in availability of important raw materials for components.

As a result of interrupted supply chains and production schedules caused by the COVID-19 pandemic, aviation production and sales suffered severely, which, in turn, negatively impacted the electric vehicle power inverter market in 2020.

Moreover, COVID-19 outbreak has resulted in disruptions for automotive industry in terms of manufacturing. The majority of OEMs have shut down their production and other essential operations during the pandemic. For instance, global automotive light vehicle (LV) sales fell by 20% from 2019-2020. In addition, global EV sales decreased by 18% in 2020.

However, with the pandemic situation easing out, the automotive manufacture connected work business is expected to recover rapidly. Moreover, on the global level, there is a rise in inclination toward the need for eco-friendly vehicles, which is expected to fuel the demand for efficient power inverter for electric vehicles

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/electric-vehicle-power-inverter-market/purchase-options

Asia-Pacific region is dominating the market in terms of revenue, followed by Europe, North America, and LAMEA. China dominated the electric vehicle power inverter market in 2021, whereas India is expected to grow at a significant rate during the forecast period. The rapid growth of the automobile sector across all segments along with government subsidies and incentives related to electric vehicle fuels the growth of the electric vehicle power inverter market in China and India.

Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission and fuel-efficient vehicles. The market economy is responsible for the growth of the market. Countries such as China, India, Brazil, and South Africa are growing economies. Thus, the manufacturing sector witnessed prominent growth in these countries, which is expected to provide lucrative opportunities for the growth of the automotive industry, which in turn, is expected fuel the market. In addition, in some undeveloped countries, there is an increase in the electric vehicle sales, which is expected to boost the EV power inverter market.

Electric vehicle power inverter market is segmented on the basis of propulsion, inverter type, vehicle type, level of integration, distribution channel, and region. By propulsion, it is divided into full hybrid vehicle, plug-in hybrid vehicle, and battery electric vehicle. By on inverter type, it is divided into traction inverter, and soft switching inverter. By vehicle type, it is segmented into passenger cars, and commercial vehicles. By level of integration, it is divided into integrated inverter system, separate inverter system, and mechatronic integration system. By distribution channel, the market is divided into OEM, and Aftermarket. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/A08757

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲 :

By propulsion, the battery electric vehicle segment is expected to register a significant growth during the forecast period.

By inverter type, the soft switching inverter segment is projected to lead the global electric vehicle power inverter market.

By vehicle type, the commercial vehicle segment is projected to lead the global electric vehicle power inverter market.

By level of integration, the integrated inverter system segment is projected to lead the global electric vehicle power inverter market.

By distribution channel, the aftermarket segment is projected to lead the global electric vehicle power inverter market.

Region-wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐇𝐕𝐀𝐂 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.alliedmarketresearch.com/electric-vehicle-hvac-market-A74608

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐒𝐮𝐩𝐩𝐥𝐲 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 (𝐄𝐕𝐒𝐄) 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.alliedmarketresearch.com/electric-vehicle-supply-equipment-market-A07130

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐂𝐡𝐚𝐫𝐠𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.alliedmarketresearch.com/electric-vehicle-charger-EVC-market

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐒𝐰𝐚𝐩𝐩𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.alliedmarketresearch.com/electric-vehicle-battery-swapping-market-A10601

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐒𝐨𝐥𝐢𝐝 𝐒𝐭𝐚𝐭𝐞 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 :
https://www.alliedmarketresearch.com/electric-vehicle-solid-state-battery-market-A31607

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 :

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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