by The global Traction inverter market size was estimated to be around US$ 17.93 billion in 2022. It is projected to reach US$ 73.08 billion by 2032, indicating a CAGR of 16.90% from 2023 to 2032.
Key Takeaways
- North America contributed more than 44% of revenue share in 2022.
- Asia-Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
- By propulsion, the BEV segment has held the largest market share of 44% in 2022.
- By propulsion, the PHEV segment is anticipated to grow at a remarkable CAGR of 17.2% between 2023 and 2032.
- By voltage, the 200 to 900V segment generated over 38% of revenue share in 2022.
- By voltage, the 900V and above segment is expected to expand at the fastest CAGR over the projected period.
- By technology, the MOSFET segment generated over 46% of revenue share in 2022.
- By technology, the IGBT segment is expected to expand at the fastest CAGR over the projected period.
- By vehicle, the commercial Vehicles segment generated over 42% of revenue share in 2022.
- By vehicle, the passenger cars segment is expected to expand at the fastest CAGR over the projected period.
The market research report on the Traction inverter market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of Traction inverter products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.
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Traction Inverter Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 16.90% |
| Market Size in 2023 | USD 17.93 Billion |
| Market Size by 2032 | USD 73.08 Billion |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Propulsion, By Voltage, By Technology, and By Vehicle |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.
Focusing on the global Traction inverter market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the Traction inverter market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.
Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of Traction inverter products across different countries and applications.
Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.
The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.
This in-depth research report offers valuable insights into the Traction inverter market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.
The competitive landscape section of the report provides detailed information on Traction inverter market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the Traction inverter market.
Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Segments Covered in the Report
By Propulsion
- BEV
- HEV
- PHEV
- Others
By Voltage
- Up to 200V
- 200 to 900V
- 900V and above
By Technology
- IGBT
- MOSFET
- Others
By Vehicle
- Passenger Cars
- Commercial Vehicles
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Traction Inverter Market
5.1. COVID-19 Landscape: Traction Inverter Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Traction Inverter Market, By Propulsion
8.1. Traction Inverter Market Revenue and Volume Forecast, by Propulsion, 2023-2032
8.1.1. BEV
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. HEV
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. PHEV
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. Others
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Traction Inverter Market, By Voltage
9.1. Traction Inverter Market Revenue and Volume Forecast, by Voltage, 2023-2032
9.1.1. Up to 200V
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. 200 to 900V
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. 900V and above
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Traction Inverter Market, By Technology
10.1. Traction Inverter Market Revenue and Volume Forecast, by Technology, 2023-2032
10.1.1. IGBT
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. MOSFET
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
10.1.3. Others
10.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Traction Inverter Market, By Vehicle
11.1. Traction Inverter Market Revenue and Volume Forecast, by Vehicle, 2023-2032
11.1.1. Passenger Cars
11.1.1.1. Market Revenue and Volume Forecast (2020-2032)
11.1.2. Commercial Vehicles
11.1.2.1. Market Revenue and Volume Forecast (2020-2032)
11.1.3. Others
11.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 12. Global Traction Inverter Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.1.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.1.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.1.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.1.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.1.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.1.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.1.6.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.1.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.1.6.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.2.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.2.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.2.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.2.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.2.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.2.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.2.6.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.2.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.2.6.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.2.7.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.2.7.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.2.7.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.2.8.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.2.8.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.2.8.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.3.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.3.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.3.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.3.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.3.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.3.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.3.6.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.3.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.3.6.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.3.7.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.3.7.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.3.7.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.3.8.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.3.8.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.3.8.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.4.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.4.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.4.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.4.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.4.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.4.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.4.6.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.4.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.4.6.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.4.7.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.4.7.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.4.7.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.4.8.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.4.8.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.4.8.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.5.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.5.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.5.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)
12.5.6.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)
12.5.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)
12.5.6.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)
Chapter 13. Company Profiles
13.1. Siemens AG
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Infineon Technologies AG
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Continental AG
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Robert Bosch GmbH
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Delphi Technologies
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Hitachi Automotive Systems
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Mitsubishi Electric Corporation
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Toshiba Corporation
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Fuji Electric Co., Ltd.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. ABB Ltd
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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