Electric vehicle power inverter market to grow by USD 7,828.33 Mn: Automotive components and accessories market is the parent market - Technavio

NEW YORK, Dec. 8, 2022 /PRNewswire/ -- The global electric vehicle power inverter market has been categorized as a part of the global automotive components and accessories market. The parent market, the global automotive components and accessories market, covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers.

The electric vehicle power inverter market size is forecast to grow by USD 7,828.33 million, at a CAGR of 8.84% between 2022 and 2027, according to Technavio, Download a report sample

Electric vehicle power inverter Market 2022-2027: Scope

The electric vehicle power inverter market report covers the following areas:

• Market Size
• Key Trends
• Competitive Analysis

Electric vehicle power inverter market 2022-2027: Vendor Landscape

The global electric vehicle power inverter market is fragmented due to the presence of a large number of players. The rising demand for micro-mobility coupled with growing awareness about vehicular emissions is encouraging the entry of new players in the market. The competition in the market is intense due to increased product offerings by vendors. To sustain in the competitive market, vendors are investing continuously in R&D to develop inverters with advanced technologies that will increase the efficiency and range of electric vehicles. The threat of rivalry is moderate in 2022 and is expected to remain the same during the forecast period.

Aegis Power Systems Inc., BorgWarner Inc., Bosch Mobility Solutions, Continental AG, Danfoss AS, Denso Corp., Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, LG Magna e Powertrain, Marelli Holdings Co. Ltd., MAHLE GmbH, Hyundai Mobis Co. Ltd, Meidensha Corp., and Metric Mind Engineering are among some of the major market participants.

Electric vehicle power inverter market 2022-2027: Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Buy the Report

Electric vehicle power inverter Market 2022-2027: Segmentation

• Application 
• Full hybrids
• Pure EV
• Plug-in hybrids
• Commercial HEV
• Mild hybrids

The full hybrids segment held the largest share of the market in 2022. Full hybrids are the first option for many new car buyers across the world. This is because full hybrids offer more benefits when compared with mild hybrids and plug-in hybrids. Unlike plug-in hybrids, full hybrids do not require charging infrastructure. They are equipped with two inverter-motor modules for better torque and performance. Such benefits are increasing the sales of full hybrid vehicles, which is driving the growth of the segment.

• Geography 
• APAC
• Europe
• North America
• South America
• Middle East And Africa

APAC is estimated to account for 46% of the market's growth during the forecast period. The growth of the regional market is driven by the rising demand for electric vehicles and increasing investments in electric vehicle manufacturing plants and expanding existing capabilities. Also, the presence of many major domestic automakers and top tier 1 auto suppliers is contributing to the growth of the electric vehicle power inverter market in APAC.

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What are the key data covered in this electric vehicle power inverter market report?

• CAGR of the market during the forecast period.
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the size of the electric vehicle power inverter market and its contribution to the parent market.
• Accurate predictions about upcoming trends and changes in consumer behavior.
• Growth of the market industry across APAC, Europe, North America, South America, and the Middle East and Africa.
• Thorough analysis of the market's competitive landscape and detailed information about vendors.
• Comprehensive analysis of factors that will challenge the growth of electric vehicle power inverter market vendors.

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Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global electric vehicle power invertor market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global electric vehicle power invertor market 2017 - 2021 ($ million)

• 4.2 Geography Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.3 Applicaton Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Applicaton Segment 2017 - 2021 ($ million)

• 4.4 Type Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Full hybrids - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Full hybrids - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Full hybrids - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Full hybrids - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Full hybrids - Year-over-year growth 2022-2027 (%)

• 6.4 Pure EV - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Pure EV - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Pure EV - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Pure EV - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Pure EV - Year-over-year growth 2022-2027 (%)

• 6.5 Plug-in hybrids - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Plug-in hybrids - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Plug-in hybrids - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Plug-in hybrids - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Plug-in hybrids - Year-over-year growth 2022-2027 (%)

• 6.6 Commercial HEV - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Commercial HEV - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Commercial HEV - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Commercial HEV - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Commercial HEV - Year-over-year growth 2022-2027 (%)

• 6.7 Mild hybrids - Market size and forecast 2022-2027 
• Exhibit 50: Chart on Mild hybrids - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Mild hybrids - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Mild hybrids - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Mild hybrids - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Application 
• Exhibit 54: Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 55: Chart on Type - Market share 2022-2027 (%)
• Exhibit 56: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 57: Chart on Comparison by Type
• Exhibit 58: Data Table on Comparison by Type

• 7.3 Passenger cars - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Passenger cars - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Passenger cars - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)

• 7.4 Commercial vehicles - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 67: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027 
• Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 US - Market size and forecast 2022-2027 
• Exhibit 101: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027 
• Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Canada - Market size and forecast 2022-2027 
• Exhibit 113: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 114: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 115: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.14 Market opportunity by geography 
• Exhibit 117: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 118: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 Aegis Power Systems Inc. 
• Exhibit 124: Aegis Power Systems Inc. - Overview
• Exhibit 125: Aegis Power Systems Inc. - Product / Service
• Exhibit 126: Aegis Power Systems Inc. - Key offerings

• 12.4 Aptiv
• Exhibit 127: Aptiv - Overview
• Exhibit 128: Aptiv - Business segments
• Exhibit 129: Aptiv - Key offerings
• Exhibit 130: Aptiv - Segment focus

• 12.5 BorgWarner Inc.
• Exhibit 131: BorgWarner Inc. - Overview
• Exhibit 132: BorgWarner Inc. - Business segments
• Exhibit 133: BorgWarner Inc. - Key news
• Exhibit 134: BorgWarner Inc. - Key offerings
• Exhibit 135: BorgWarner Inc. - Segment focus

• 12.6 Continental AG
• Exhibit 136: Continental AG - Overview
• Exhibit 137: Continental AG - Business segments
• Exhibit 138: Continental AG - Key offerings
• Exhibit 139: Continental AG - Segment focus

• 12.7 Danfoss AS
• Exhibit 140: Danfoss AS - Overview
• Exhibit 141: Danfoss AS - Business segments
• Exhibit 142: Danfoss AS - Key news
• Exhibit 143: Danfoss AS - Key offerings
• Exhibit 144: Danfoss AS - Segment focus

• 12.8 Denso Corp.
• Exhibit 145: Denso Corp. - Overview
• Exhibit 146: Denso Corp. - Business segments
• Exhibit 147: Denso Corp. - Key news
• Exhibit 148: Denso Corp. - Key offerings
• Exhibit 149: Denso Corp. - Segment focus

• 12.9 Fuji Electric Co. Ltd. 
• Exhibit 150: Fuji Electric Co. Ltd. - Overview
• Exhibit 151: Fuji Electric Co. Ltd. - Business segments
• Exhibit 152: Fuji Electric Co. Ltd. - Key offerings
• Exhibit 153: Fuji Electric Co. Ltd. - Segment focus

• 12.10 Hitachi Ltd.
• Exhibit 154: Hitachi Ltd. - Overview
• Exhibit 155: Hitachi Ltd. - Business segments
• Exhibit 156: Hitachi Ltd. - Key offerings
• Exhibit 157: Hitachi Ltd. - Segment focus

• 12.11 Hyundai Mobis Co. Ltd 
• Exhibit 158: Hyundai Mobis Co. Ltd - Overview
• Exhibit 159: Hyundai Mobis Co. Ltd - Business segments
• Exhibit 160: Hyundai Mobis Co. Ltd - Key news
• Exhibit 161: Hyundai Mobis Co. Ltd - Key offerings
• Exhibit 162: Hyundai Mobis Co. Ltd - Segment focus

• 12.12 Infineon Technologies AG 
• Exhibit 163: Infineon Technologies AG - Overview
• Exhibit 164: Infineon Technologies AG - Business segments
• Exhibit 165: Infineon Technologies AG - Key news
• Exhibit 166: Infineon Technologies AG - Key offerings
• Exhibit 167: Infineon Technologies AG - Segment focus

• 12.13 LG Magna e Powertrain 
• Exhibit 168: LG Magna e Powertrain - Overview
• Exhibit 169: LG Magna e Powertrain - Product / Service
• Exhibit 170: LG Magna e Powertrain - Key offerings

• 12.14 MAHLE GmbH
• Exhibit 171: MAHLE GmbH - Overview
• Exhibit 172: MAHLE GmbH - Business segments
• Exhibit 173: MAHLE GmbH - Key news
• Exhibit 174: MAHLE GmbH - Key offerings
• Exhibit 175: MAHLE GmbH - Segment focus

• 12.15 Marelli Holdings Co. Ltd. 
• Exhibit 176: Marelli Holdings Co. Ltd. - Overview
• Exhibit 177: Marelli Holdings Co. Ltd. - Product / Service
• Exhibit 178: Marelli Holdings Co. Ltd. - Key news
• Exhibit 179: Marelli Holdings Co. Ltd. - Key offerings

• 12.16 Meidensha Corp.
• Exhibit 180: Meidensha Corp. - Overview
• Exhibit 181: Meidensha Corp. - Business segments
• Exhibit 182: Meidensha Corp. - Key news
• Exhibit 183: Meidensha Corp. - Key offerings
• Exhibit 184: Meidensha Corp. - Segment focus

• 12.17 Metric Mind Engineering 
• Exhibit 185: Metric Mind Engineering - Overview
• Exhibit 186: Metric Mind Engineering - Product / Service
• Exhibit 187: Metric Mind Engineering - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 188: Inclusions checklist
• Exhibit 189: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 190: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 191: Research methodology
• Exhibit 192: Validation techniques employed for market sizing
• Exhibit 193: Information sources

• 13.5 List of abbreviations 
• Exhibit 194: List of abbreviations

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