Product Code: MRFR/AM/10577-CR
Market Overview
Automotive Inverter Market Size is anticipated to register a significant CAGR of 16.20% during review period. Developing ways of life and expanding expectations for everyday comforts have prompted an observable change in the inclination of people toward better quality, refined, and elective energy-fueled vehicles. The expected interest for electric-controlled vehicles is helped unobtrusively by rising overall gas costs yet is generally contributed because of expanded client information and natural worries. The developing consciousness of the need to decrease ecological effect and maintainability is expanding interest for electric and elective energy vehicles universally, driving the Automotive Inverter Market development.
Electric vehicle deals represented 9% of the worldwide vehicle market in 2021 - multiple times their piece of the pie in 2019. All the net development in worldwide vehicle deals in 2021 came from electric vehicles. Deals were most noteworthy in China where they significantly increased comparative with 2020 to 3.3 million following quite a long while of relative stagnation." Electric vehicles in China are frequently more modest than those produced in different regions. This, alongside lower improvement, and creation costs, has added to a limiting of the cost hole with customary vehicles, making them really engaging. Deals in Europe have proceeded with consistent after the 2020 blast. Electric vehicle deals in Europe moved by around 66% year on year. Electric vehicle deals have likewise climbed emphatically in the US following two years of decline.
Market Segmentation
The Automotive Inverter Market, in this report, has been segmented based on Material into Gallium Nitrate, Silicon, Silicon Carbide.
The Automotive Inverter Market, in this report, has been segmented on the basis of Power Output into upto 200 KW, 200 KW-300 KW, and 300KW-400 KW.
The automotive inverter market in this report has been segmented on the basis of Propulsion Type into battery electric vehicle and hybrid electric vehicle.
The automotive inverter market in this report has been segmented based on IGBT, MOSFET.
The automotive inverter market in this report has been segmented based on Passenger Car, Commercial Vehicle.
Regional Insights
Asia Pacific region dominating the global market. The continuous demand for the automotive inverter and succeeding vehicle production drives the automotive inverter market in Asia-Pacific. Asia-Pacific is expected to witness the highest growth because manufacturers in this region offer high-cost reductions, owing to the availability of low-cost labor and raw materials.
The Europe automotive inverter market is expected to witness significant growth due to a rise in industrial development, increasing demand for automotive inverters, and supportive government initiatives for road safety. United Nations Economic Commission for Europe has recorded over 9,500 fatalities in road accidents in which urban areas consist 50% of the fatalities of drivers, and 40% were pedestrians.
Major players
Automotive Inverter Market- Key Companies Include Denso Corporation, Hitachi Automotive Systems, Mitsubishi Electric Corporation, Continental AG, Delphi Technologies, Fuji Electric, Valeo Siemens, Lear Corporation, Sensata Technologies, Inc, Toyota Industries Corporation.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 15
- 1.1 GLOBAL AUTOMOTIVE INVERTER MARKET, BY MATERIAL 17
- 1.2 GLOBAL AUTOMOTIVE INVERTER MARKET, BY POWER OUTPUT 18
- 1.3 GLOBAL AUTOMOTIVE INVERTER MARKET, BY PROPULSION TYPE 19
- 1.4 GLOBAL AUTOMOTIVE INVERTER MARKET, BY TECHNOLOGY 20
- 1.5 GLOBAL AUTOMOTIVE INVERTER MARKET, BY VEHICLE TYPE 21
- 1.6 GLOBAL AUTOMOTIVE INVERTER MARKET, BY REGION 22
2 MARKET INTRODUCTION 23
- 2.1 DEFINITION 23
- 2.2 SCOPE OF THE STUDY 23
- 2.3 RESEARCH OBJECTIVE 23
- 2.4 MARKET STRUCTURE 24
3 RESEARCH METHODOLOGY 25
- 3.1 RESEARCH PROCESS 25
- 3.2 PRIMARY RESEARCH 26
- 3.3 SECONDARY RESEARCH 27
- 3.4 MARKET SIZE ESTIMATION 28
- 3.5 FORECAST MODEL 29
- 3.6 LIST OF ASSUMPTIONS 30
4 MARKET DYNAMICS 31
- 4.1 OVERVIEW 31
- 4.2 DRIVERS 32
- 4.2.1 INCREASING DEMAND FOR 'ELECTRIC POWERED' AND ALTERNATIVE ENERGY VEHICLES GLOBALLY 32
- 4.2.2 GOVERNMENT INITIATIVES PROMOTING ENVIRONMENT-FRIENDLY AUTOMOTIVE SALES 32
- 4.3 RESTRAINTS 33
- 4.3.1 LACK OF INFRASTRUCTURE AND HIGH MAINTENANCE COST 33
- 4.3.2 GLOBAL SHORTAGE OF SEMICONDUCTORS 34
- 4.4 OPPORTUNITIES 35
- 4.4.1 RAPID INNOVATION AND INCREASED R&D IN THE INVERTER S INDUSTRY 35
- 4.4.2 RISE IN DEMAND FOR SOLAR-POWERED ELECTRIC VEHICLES 35
- 4.5 IMPACT ANALYSIS OF COVID-19 36
- 4.5.1 IMPACT ON OVERALL AUTOMOTIVE INDUSTRY 36
- 4.5.1.1 ECONOMIC IMPACT 36
- 4.5.2 IMPACT ON AUTOMOTIVE INVERTER MARKET 36
- 4.5.3 IMPACT ON SUPPLY CHAIN OF AUTOMOTIVE INVERTER 37
- 4.5.3.1 PRICE VARIATION OF KEY RAW MATERIAL 37
- 4.5.3.2 PRODUCTION SHUTDOWN 37
- 4.5.3.3 CASH FLOW CONSTRAINTS 37
- 4.5.3.4 IMPACT ON IMPORT/EXPORT 37
- 4.5.4 IMPACT ON MARKET DEMAND OF AUTOMOTIVE INVERTER 37
- 4.5.4.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN 37
- 4.5.4.2 CONSUMER SENTIMENTS 37
- 4.5.5 IMPACT ON PRICING OF AUTOMOTIVE INVERTER 38
5 MARKET FACTOR ANALYSIS 39
- 5.1 SUPPLY CHAIN ANALYSIS 39
- 5.1.1 R&D 39
- 5.1.2 COMPONENT SUPPLY 40
- 5.1.3 MANUFACTURE & ASSEMBLY 40
- 5.1.4 SALES & DISTRIBUTION 40
- 5.1.5 END USERS 40
- 5.2 PORTER'S FIVE FORCES MODEL 41
- 5.2.1 THREAT OF NEW ENTRANTS 41
- 5.2.2 BARGAINING POWER OF SUPPLIERS 42
- 5.2.3 THREAT OF SUBSTITUTES 42
- 5.2.4 BARGAINING POWER OF BUYERS 42
- 5.2.5 INTENSITY OF RIVALRY 42
6 GLOBAL AUTOMOTIVE INVERTER MARKET, BY MATERIAL 43
- 6.1 OVERVIEW 43
- 6.2 GALLIUM NITRIDE 44
- 6.3 SILICON 44
- 6.4 SILICON CARBIDE 44
7 GLOBAL AUTOMOTIVE INVERTER MARKET, BY POWER OUTPUT 45
- 7.1 OVERVIEW 45
- 7.2 UPTO 200 KW 46
- 7.3 200KW-300 KW 46
- 7.4 300KW-400 KW 47
- 7.5 ABOVE 400 KW 47
8 GLOBAL AUTOMOTIVE INVERTER MARKET, BY PROPULSION TYPE 48
- 8.1 OVERVIEW 48
- 8.2 BATTERY ELECTRIC VEHICLE 49
- 8.3 HYBRID ELECTRIC VEHICLE 49
9 GLOBAL AUTOMOTIVE INVERTER MARKET, BY TECHNOLOGY 50
- 9.1 OVERVIEW 50
- 9.2 IGBT 51
- 9.3 MOSFET 51
10 GLOBAL AUTOMOTIVE INVERTER MARKET, BY VEHICLE TYPE 52
- 10.1 OVERVIEW 52
- 10.2 PASSENGER CAR 53
- 10.3 COMMERCIAL VEHICLES 53
11 GLOBAL AUTOMOTIVE INVERTER MARKET, BY REGION 54
- 11.1 OVERVIEW 54
- 11.2 NORTH AMERICA 56
- 11.2.1 US 58
- 11.2.2 CANADA 59
- 11.2.3 MEXICO 61
- 11.3 EUROPE 63
- 11.3.1 GERMANY 65
- 11.3.2 FRANCE 67
- 11.3.3 UK 68
- 11.3.4 ITALY 69
- 11.3.5 REST OF EUROPE 71
- 11.4 ASIA PACIFIC 73
- 11.4.1 CHINA 75
- 11.4.2 INDIA 77
- 11.4.3 JAPAN 78
- 11.4.4 REST OF ASIA PACIFIC 80
- 11.5 MIDDLE EAST & AFRICA 82
- 11.6 SOUTH AMERICA 85
- 11.6.1 BRAZIL 88
- 11.6.2 ARGENTINA 89
- 11.6.3 REST OF SOUTH AMERICA 91
12 COMPETITIVE LANDSCAPE 93
- 12.1 OVERVIEW 93
- 12.2 COMPETITIVE BENCHMARKING 94
- 12.3 KEY PLAYERS MARKET SHARE ANALYSIS 95
- 12.3.1 GLOBAL AUTOMOTIVE INVERTER MARKET SHARE ANALYSIS, 2021 (%) 95
- 12.4 KEY DEVELOPMENTS IN THE GLOBAL AUTOMOTIVE INVERTER MARKET 95
- 12.4.1 PRODUCT LAUNCH 95
- 12.4.2 MERGER & ACQUISITION 97
- 12.4.3 ANNOUNCEMENT 97
- 12.4.4 COLLABORATION 98
- 12.4.5 AGREEMENT 98
13 COMPANY PROFILES 99
- 13.1 DENSO CORPORATION 99
- 13.1.1 COMPANY OVERVIEW 99
- 13.1.2 FINANCIAL OVERVIEW 100
- 13.1.3 PRODUCTS OFFERED 100
- 13.1.4 KEY DEVELOPMENTS 101
- 13.1.5 SWOT ANALYSIS 102
- 13.1.6 KEY STRATEGIES 102
- 13.2 HITACHI AUTOMOTIVE SYSTEMS 103
- 13.2.1 COMPANY OVERVIEW 103
- 13.2.2 FINANCIAL OVERVIEW 104
- 13.2.3 PRODUCTS OFFERED 104
- 13.2.4 KEY DEVELOPMENTS 105
- 13.2.5 SWOT ANALYSIS 105
- 13.2.6 KEY STRATEGIES 106
- 13.3 MITSUBISHI ELECTRIC CORPORATION 107
- 13.3.1 COMPANY OVERVIEW 107
- 13.3.2 FINANCIAL OVERVIEW 107
- 13.3.3 PRODUCTS OFFERED 108
- 13.3.4 KEY DEVELOPMENTS 108
- 13.3.5 SWOT ANALYSIS 109
- 13.3.6 KEY STRATEGIES 109
- 13.4 CONTINENTAL AG 110
- 13.4.1 COMPANY OVERVIEW 110
- 13.4.2 FINANCIAL OVERVIEW 111
- 13.4.3 PRODUCTS/SERVICES OFFERED 111
- 13.4.4 KEY DEVELOPMENTS 112
- 13.4.5 SWOT ANALYSIS 113
- 13.4.6 KEY STRATEGIES 113
- 13.5 DELPHI TECHNOLOGIES 114
- 13.5.1 COMPANY OVERVIEW 114
- 13.5.2 FINANCIAL OVERVIEW 115
- 13.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 115
- 13.5.4 KEY DEVELOPMENTS 116
- 13.5.5 SWOT ANALYSIS 117
- 13.5.6 KEY STRATEGIES 117
- 13.6 FUJI ELECTRIC 118
- 13.6.1 COMPANY OVERVIEW 118
- 13.6.2 FINANCIAL OVERVIEW 119
- 13.6.3 PRODUCTS/SERVICES OFFERED 119
- 13.6.4 KEY DEVELOPMENTS 120
- 13.6.5 KEY STRATEGIES 120
- 13.7 VALEO SIEMENS 121
- 13.7.1 COMPANY OVERVIEW 121
- 13.7.2 FINANCIAL OVERVIEW 122
- 13.7.3 PRODUCTS OFFERED 122
- 13.7.4 KEY DEVELOPMENTS 123
- 13.7.5 KEY STRATEGIES 123
- 13.8 LEAR CORPORATION 124
- 13.8.1 COMPANY OVERVIEW 124
- 13.8.2 FINANCIAL OVERVIEW 124
- 13.8.3 PRODUCTS OFFERED 125
- 13.8.4 KEY DEVELOPMENTS 125
- 13.8.5 KEY STRATEGIES 125
- 13.9 SENSATATECHNOLOGIES, INC. 126
- 13.9.1 COMPANY OVERVIEW 126
- 13.9.2 FINANCIAL OVERVIEW 126
- 13.9.3 PRODUCTS/SERVICES OFFERED 127
- 13.9.4 KEY DEVELOPMENTS 128
- 13.9.5 KEY STRATEGIES 128
- 13.10 TOYOTA INDUSTRIES CORPORATION 129
- 13.10.1 COMPANY OVERVIEW 129
- 13.10.2 FINANCIAL OVERVIEW 130
- 13.10.3 PRODUCTS OFFERED 131
- 13.10.4 KEY DEVELOPMENTS 131
- 13.10.5 KEY STRATEGIES 131