Press release
Traction Inverter Global Market Report 2024 - By Share, Size, Growth And Analysis, Forecast To 2033
Traction Inverter Market
As per the report, the traction inverter market size has grown rapidly in recent years. It will grow from $14.58 billion in 2023 to $17.32 billion in 2024 at a compound annual growth rate (CAGR) of 18.7%. The traction inverter market size is expected to see rapid growth in the next few years. It will grow to $32.11 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%.
Download Free Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=13746&type=smp
Surging Electric Vehicle Popularity Fuels Robust Growth In The Traction Inverter Market
The rising popularity of electric vehicles is expected to propel the growth of the traction inverter market. An electric vehicle (EV) is a vehicle that relies on an electric motor for propulsion, using energy stored in rechargeable batteries. The traction inverter is used in electric vehicles to convert direct current (DC) from batteries into alternating current (AC), thus controlling the speed and torque of the electric motor, which is essential for the vehicle's performance and efficiency. For instance, in July 2023, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, the share of electric cars in total car sales increased from 9% in 2021 to 14% in 2022, with sales exceeding 10 million in 2022. Therefore, the rising popularity of electric vehicles is driving the growth of the traction inverter market.
Unveiling Next-Generation Power Modules For Traction Inverters In The Automotive Industry
Major companies operating in the traction inverter market are focused on developing new components with optimized power, such as SiC MOSFET, to increase their profitability in the market. SiC MOSFETs in traction inverters enable efficient, high-frequency power conversion for electric vehicle motor drive systems. For instance, in December 2021, Robert Bosch GmbH, a Germany-based automotive company, announced its first generation of SiC MOSFETs for automotive traction inverters to optimize the power modules. These SiC MOSFETs have breakdown voltages of 750 V and 1,200 V, making them ideal for 400 V or 800 V inverter systems. The SiC MOSFETs allow for the lowest switching and conduction losses and a smooth dynamic, providing high performance during normal and special operating conditions. The SiC MOSFETs are part of the CSL (Compact Silicon Carbide Line) power module family for traction inverters.
The traction inverter market covered in this report is segmented -
1) By Propulsion: Battery Electric Vehicle (BEV), Hybrid Electric Vehicles (HEV), Plug-In Hybrid Electric Vehicles (PHEV), Other Propulsion
2) By Technology: Insulated-Gate Bipolar Transistor (IGBT), Metal-Oxide Semiconductor Field-Effect Transistor (MOSFET), Other Technologies
3) By Vehicle: Passenger Cars, Commercial Vehicles
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=13746&type=discount
Major companies operating in the traction inverter market report are Robert Bosch GmbH, Hitachi Ltd., Siemens AG, General Electric Company, Continental AG, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Toshiba Corporation, Lear Corporation, Texas Instruments Incorporated, Parker Hannifin Corporation, STMicroelectronics N.V., BorgWarner Inc., Infineon Technologies AG, Emerson Electric Co., Renesas Electronics Corporation, Dana Incorporated, Semiconductor Components Industries LLC - ON Semiconductor, Rockwell Automation Inc., Fuji Electric Co. Ltd., Voith GmbH & Co. KGaA, Yaskawa Electric Corporation, Curtiss Aeroplane and Motor Company, Delphi Technologies PLC
Contents of the report:
1. Executive Summary
2. Traction Inverter Market Report Structure
3. Traction Inverter Market Trends And Strategies
4. Traction Inverter Market - Macro Economic Scenario
5. Traction Inverter Market Size And Growth
…..
27. Traction Inverter Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @
https://www.thebusinessresearchcompany.com/report/traction-inverter-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Traction Inverter Global Market Report 2024 - By Share, Size, Growth And Analysis, Forecast To 2033 here
News-ID: 3571821 • Views: …
More Releases from The Business research company
Leading Companies Fueling Growth and Innovation in the Energy Efficient Windows …
The energy efficient windows sector is poised for steady expansion as global efforts to promote sustainable construction and energy savings ramp up. With innovations in technology and increasing demand from both new building projects and renovations, the industry is set to experience consistent growth through the end of the decade. Let's explore the market size outlook, key players, emerging trends, and segmentation details to understand the future trajectory of this…
Future Perspectives: Key Trends Shaping the Cutlery and Hand Tools Market Until …
The cutlery and hand tools sector is on a steady upward path, driven by evolving consumer preferences and expanding commercial needs. As both professional and home users seek higher quality and more versatile tools, this market is set to experience notable growth and innovation in the coming years. Let's explore the current market size projections, leading companies, key trends, and the detailed segmentation shaping this industry's future.
Projected Market Size of…
Emerging Sub-Segments Transforming the Concrete Materials Market Landscape
The concrete materials market is set to experience steady expansion over the coming years, driven by several evolving trends and increasing demand across various construction sectors. As sustainable building practices gain traction and urban infrastructure projects accelerate, this market is positioned for consistent growth through 2030. Let's explore the current market size, leading companies, emerging trends, and key segments shaping the future of concrete materials.
Forecasted Growth and Market Size of…
Market Trend Analysis: The Impact of Recent Innovations on the Coated Glass Mark …
Understanding the coated glass market reveals a promising future driven by innovation and expanding applications. As industries push toward smarter, more energy-efficient solutions, coated glass is becoming increasingly essential across various sectors. Let's explore the market's valuation, key players, emerging trends, and segmented landscape to grasp its growth trajectory and driving forces.
Forecasted Market Valuation and Growth Outlook in the Coated Glass Market
The coated glass market is set for significant…
More Releases for Traction
Global Traction Chains Market Growing Popularity & Emerging Trends | Pewag, Rud, …
The global Traction Chains Market size reached 317.64 USD Million in 2024. Looking forward, MarketsGlob expects the market to reach 451.72 USD Million by 2031, exhibiting a growth rate (CAGR) of 4.50% during 2025-2031
The global market research report for Traction Chains presents a thorough examination of the market environment. This includes a detailed evaluation of prominent industry leaders, pricing patterns, as well as the broader factors influencing the market, both…
Traction Inverters Market Size, Forecast 2031 by Key Companies- STMicroelectroni …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: According to Verified Market Reports analysis, the global Traction Inverters Market size was valued at USD 14.8 Billion in 2023 and is projected to reach USD 45.7 Billion by 2031, growing at a CAGR of 17.9% during the forecasted period 2024 to 2031.
The Traction Inverters Market is witnessing substantial growth, driven by the rapid expansion of the electric vehicle (EV) industry and the global shift towards sustainable…
Railway Traction Inverter Market
Railway traction inverter works on a wide component for transforming an electric energy in a way that it gets converted into power and then eventually in motion. This inverter helps to minimize switching and conduction losses at low and high currents, which allow maximization of rail acceleration and driving range. It is used to convert kinetic energy into electric to charge the battery of the vehicle, which helps to replace…
Traction Motor Market Strong Extension In Revenue Continues | Hitachi, American …
Traction motors are AC or DC electric motors that provide power to drive locomotives. Further, these motors offer high durability and deliver robust performance, owing to high power and superior mechanical susceptibility of heavy payloads. . The traction motors require high power to deliver the torque required to move the wheels, resulting in compact designs, efficient power-to-weight rations, and efficient cooling of the traction motors.
Request To Download Sample of This…
Traction Chains Market Will See Strong Expansion Through 2028: Pewag, Rud, Peerl …
The market report delivers an all-inclusive analysis of the market structure along with a forecast of the various segments and sub-segments of the Traction Chains industry. This wide-ranging market research report acts as a backbone for the success of business in any niche. The Traction Chains market survey report has been prepared by conducting market research in a systematic manner. Moreover, the Traction Chains report includes a professional in-depth study…
Railway Traction Motor Market by Type (Direct Current Traction Motors, Alternati …
The global railway traction motor market was valued at $30.3 billion in 2016, and is estimated to reach $41.6 billion by 2025, growing at a CAGR of 3.8% from 2017 to 2025. Railway traction motor is a type of electric motor, which is used in electrically powered rail vehicles. The global railway traction motor market is expected to witness a significant growth in the future, owing to the technological advancements…
