Product Code: AMP0730SB
“Global Automotive Inverter Market to Reach $50.1 Billion by 2031.”
Industry & Technology Overview
Global Automotive Inverter Market Industry Overview
The global automotive inverter market was estimated to be at $8.3 billion in 2020, which is expected to grow with a CAGR of 17.09% and reach $50.1 billion by 2031. The growth in the global automotive inverter market is expected to be driven by increasing demand for electric vehicles to acquire sustainability and lower ownership costs.
Market Lifecycle Stage
The automotive inverter market is in the development phase. Increased research and development activities are underway to develop newer semiconductor materials such as gallium nitride, which are expected to witness an increase in adoption due to the lower energy and gate losses.
Increasing investments in R&D in gallium nitride and silicon carbide is one of the major opportunities in the global automotive inverter market. Also, the exponential increase in the sales of electric vehicles across the globe will propel the market even further. Though there are some challenges in the market, such as lack of charging infrastructure and complex design requirements, the ongoing vital developments in the market are expected to overcome them in the forecast period.
Impact
The automobile industry has seen a significant technological shift in the previous decade, opening the path for widespread acceptance of electric transportation. Various countries are implementing measures such as fuel economy standards, deploying support infrastructure for alternative propulsion vehicles, and providing consumer incentives to help bridge the ownership cost gap between alternative energy vehicles and conventional vehicles in order to reduce carbon emissions and increase the adoption of alternative energy vehicles. With the fast adoption of battery electric cars, plug-in hybrid electric vehicles, and hybrid electric vehicles, demand for automotive inverters, which are an essential component of alternative energy vehicles, has risen dramatically in recent years.
Impact of COVID-19
The COVID-19 outbreak affected the whole economy across the world. The COVID-19 pandemic had a severe impact on the automotive industry. In this outbreak, some industries are doing well while others have been crushed. The sector witnessed a massive decline in manufacturing/processing and in terms of sales. Likewise, the automotive inverter market was affected due to the shutdown of manufacturing facilities, which resulted in manufacturing interruptions across the world.
Market Segmentation
Segmentation 1: by Propulsion Type
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehice (HEV)
Automotive inverters for HEVs generated the most value in 2020 owing to a large number of HEV production in Asia-Pacific and Japan. Countries such as Japan rely on HEVs for their share in the electric vehicle industry and are one of the largest producers of HEVs through leading companies such as Mitsubishi, Nissan Motor Company, and Honda. However, the market will shift toward BEVs over the forecast period as BEVs number would increase exponentially in the coming years.
Segmentation 2: by Vehicle Type
Passenger electric vehicles are expected to dominate the market throughout the forecast period. It can be attributed to the larger number of passenger vehicles when compared to commercial vehicles currently. However, it is to be noted that commercial vehicles use heavier automotive inverters owing to their larger size and complex functions, which will also grow at a faster rate over time as commercial electric vehicles are readily being introduced in the EV domain.
Segmentation 3: by Technology
The IGBT is a full-controlled switch with three terminals (gate, collector, and emitter). The gate/control signal is sent between the gate and emitter, and the drain and emitter are the switch terminals. Owing to the newer electric cars requiring more output capacity, IGBT-based vehicle inverters can resist high voltages. The need for electric cars, which require excellent power efficiency and quick switching capabilities, is expected to drive the IGBT industry. As a result, the IGBT-based automotive inverter market is expected to witness significant growth.
Segmentation 4: by Material Type
- Silicon
- Silicon Carbide
- Gallium Nitride
Silicon carbide (SiC) technology has a number of advantages, the most important of which is its electrical resistance. It is feasible to achieve the same resistance as silicon-based technology while utilizing a lesser mass using this technology. As a result, smaller and more efficient components may be created. Owing to the fact that switching losses are decreased, higher frequencies may be achieved with fewer passive components.
Segmentation 5: by Power Output
All-wheel-drive (AWD) automobiles and commercial trucks typically have a power output of >130 KW. Vehicles with power outputs more than or equal to 130 KW are made up of more than or equal to two motors with power outputs greater than or equal to 130 KW, depending on the vehicle's power requirements. Battery electric vehicles, such as passenger cars, pickup trucks, and buses, typically have a power output of >130 KW. Therefore, as the number of BEVs and commercial electric vehicles would increase exponentially in the forecast period, the demand for >130 KW inverters would also increase at a faster rate.
Segmentation 6: by Region
- North America - U.S., Canada, and Mexico
- Europe - Italy, Germany, Nordic Countries, France, and Rest-of-Europe
- Asia-Pacific and Japan - Japan, India, South Korea, and Rest-of-Asia-Pacific and Japan
During the projection period, the Asia-Pacific region is expected to be the largest market for vehicle inverters, as it has emerged as a hub for car production. Consumers' increasing spending power has sparked a surge in demand for autos in the region. Automobile manufacturers and automotive component suppliers hold strong market potential due to cost benefits for OEMs, low automobile penetration levels, and rising vehicle production. Many large OEMs have either opened manufacturing units in the region or partnered with big local vehicle manufacturers, owing to the availability of cheap labor and low production costs.
Recent Developments in Global Automotive Inverter Market
- In August 2020, Siemens Limited acquired C&S Electric Limited, an Indian electrical and electronic equipment maker. Siemens acquired a 99.22% stake in C&S Electric from its promoters and planned to address the rising demand for low voltage power distribution, aiming to create an export hub.
- In January 2022, Bosch announced to deliver silicon carbide power electronics to improve vehicle efficiency, and by manufacturing Inverter generation 4 with the use of silicon carbide, Bosch provided a significant technological improvement in powertrain and efficiency in electric vehicles.
- In June 2021, Continental AG developed a system designed for the entire Land Rover and Jaguar hybrid and EVs range that has been specifically adapted to the requirements of sporty and performance-oriented powertrains. Continental AG developed this system for vehicles like the all-electric Jaguar I-Pace, whose electric powertrain can operate at currents of up to 650amps. Another example of such a vehicle is Range Rover Sport Plus-in Hybrid.
- In March 2021, Marelli Corporation launched its first power module called enhanced direct-cooling inverter (EDI), based on silicon carbide technology. The new technology enables conversion efficiency of up to 99.5 % and a 50 % reduction in weight and size.
- In January 2022, Fuji Electric announced that it had decided to increase the production of SiC power semiconductors at Fuji Electric Tsugaru Semiconductor Co., Ltd., one of its power semiconductor production bases. The starting of mass manufacturing is scheduled for the fiscal year 2024.
Demand - Drivers and Limitations
Following are the demand drivers for the automotive inverter market:
- Growing Demand for Electric Vehicles
- Growing Demand for Electric Vehicles in Order to Acquire Green Earth Goals
- Government Initiatives Acting as a Catalyst for Growth and Adoption of Electric Vehicles
- Usage of Navigation Devices and Smartphones by Cab Aggregators, Car Rental, and Fleet Management Service Providers
The market is expected to face some limitations due to the following challenges:
- Lack of Charging Infrastructure
- Complex Design and Integration Process for Advanced Applications
How Can This Report Add Value
- Product/Innovation Strategy: The product segment helps the reader understand the different types of inverter materials and technologies available for deployment in electric vehicles. Moreover, the study provides the reader with a detailed understanding of the different inverters by propulsion type (BEV, PHEV, and HEV), by vehicle type (passenger and commercial), by material type (silicon, silicon carbide, and gallium nitride), by power output (>130 KW and <130 KW), and by technology (IGBT and MOSFET).
- Growth/Marketing Strategy: The global automotive inverter market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The most favored strategy for the companies has been partnerships and collaboration to strengthen their position in the automotive inverter market. For instance, in March 2020, Marelli Corporation announced a strategic partnership with Transphorm Inc. to enable Marelli to gain access to technologies for the production of electric vehicles, in specific power converters, chargers, and inverters.
- Competitive Strategy: Key players in the global automotive inverter market analyzed and profiled in the study involve inverter manufacturers. Moreover, a detailed competitive benchmarking of the players operating in the global automotive inverter market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysis of company coverage, product portfolio, market penetration, etc.
Some of the prominent names established in this market are:
- Siemens AG
- Mitsubishi Electric Corporation
- Toyota Industries Corporation
- Robert Bosch GmbH
- Continental AG
- DENSO Corporation
- Marelli Corporation
- LG Electronics
- Hitachi Automotive Systems, Ltd.
- Lear Corporation
- Fuji Electric
- Toshiba Corporation
- Aptiv PLC
- Sensata Technologies, Inc.
- Danfoss
Companies that are not a part of the above pool have been well represented across different sections of the report (wherever applicable).
Table of Contents
1 Markets
- 1.1 Industry Outlook
- 1.1.1 Trends: Industry Dynamics Defining the Current and Future Trends of Global Automotive Inverter Market
- 1.1.1.1 Prominence of Double-Sided Direct Cooling Inverters
- 1.1.1.2 Growing Application of Multilevel Inverters
- 1.1.1.3 Trend of Combining Inverter and DC/DC Converter
- 1.1.2 Supply Chain Analysis
- 1.1.3 Key Start-Ups in the Global Automotive Inverter Market
- 1.1.4 Ecosystem/Ongoing Programs
- 1.1.4.1 Consortiums, Associations, and Regulatory Bodies
- 1.1.4.2 Government Initiatives
- 1.1.4.3 Programs by Research Institutions and Universities
- 1.2 Business Dynamics
- 1.2.1 Business Drivers
- 1.2.1.1 Growing Demand for Electric Vehicles
- 1.2.1.2 Usage of Navigation Devices and Smartphones by Cab Aggregators, Car Rental, and Fleet Management Service Providers
- 1.2.1.3 Growing Demand for Electric Vehicles in Order to Acquire Green Earth Goals
- 1.2.1.4 Government Initiative for Growth and Adaptation of Electric Vehicle
- 1.2.2 Business Restraints
- 1.2.2.1 Lack of Charging Infrastructure
- 1.2.2.2 Complex Design and Integration Process for Advanced Applications
- 1.2.3 Business Strategies
- 1.2.3.1 Product Developments
- 1.2.3.2 Market Developments
- 1.2.4 Corporate Strategies
- 1.2.4.1 Mergers and Acquisitions
- 1.2.4.2 Partnerships, Joint Ventures, Collaborations, and Alliances
- 1.2.5 Business Opportunities
- 1.2.5.1 Development of High-Power Density Inverter
- 1.2.5.2 Combining Autonomous Driving with Electric Vehicles
2 Application
- 2.1 Automotive Inverter Market- Applications and Specifications
- 2.1.1 Automotive Inverter Market (by Propulsion Type)
- 2.1.1.1 Battery Electric Vehicle (BEV)
- 2.1.1.2 Hybrid Electric Vehicle (HEV)
- 2.1.1.3 Plug-in Hybrid Electric Vehicle (PHEV)
- 2.1.2 Automotive Inverter Market (by Vehicle Type)
- 2.1.2.1 Passenger
- 2.1.2.2 Commercial
- 2.1.3 Automotive Inverter Market (by End Market)
- 2.1.3.1 Original Equipment Manufacturer (OEM)
- 2.1.3.2 Aftermarket
- 2.2 Demand Analysis of Automotive Inverter Market (by Vehicle Type)
- 2.2.1 Global Demand Analysis (by Propulsion Type), Million Units and $Billion
- 2.2.2 Global Demand Analysis (by Vehicle Type), Million Units and $Billion
3 Products
- 3.1 Automotive Inverter Market- Products and Specifications
- 3.1.1 Automotive Inverter Market (by Material Type)
- 3.1.1.1 Silicon
- 3.1.1.2 Silicon Carbide
- 3.1.1.3 Gallium Nitride
- 3.1.2 Automotive Inverter Market (by Power Output)
- 3.1.2.1 <130 KW
- 3.1.2.2 >130 KW
- 3.1.3 Automotive Inverter Market (by Technology)
- 3.1.3.1 Insulated Gate Bipolar Transistor (IGBT)
- 3.1.3.2 Metal Oxide Semiconductor Field Effect Transistor (MOSFET)
- 3.2 Demand Analysis of Automotive Inverter Market (by Product)
- 3.2.1 Global Demand Analysis (by Material Type), Million Units and $Billion
- 3.2.2 Global Demand Analysis (by Power Output), Million Units and $Billion
- 3.2.3 Global Demand Analysis (by Technology), Million Units and $Billion
- 3.3 Pricing Analysis
4 Region
- 4.1 North America
- 4.1.1 Market
- 4.1.1.1 Key Manufacturers and Suppliers in North America
- 4.1.1.2 Competitive Benchmarking
- 4.1.1.3 Business Challenges
- 4.1.1.4 Business Drivers
- 4.1.2 Application
- 4.1.2.1 North America Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.1.2.2 North America Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.1.3 Products
- 4.1.3.1 North America Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.1.3.2 North America Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.1.3.3 North America Automotive Inverter Market (by Technology), Volume and Value Data
- 4.1.4 North America: Country-Level Analysis
- 4.1.4.1 U.S.
- 4.1.4.1.1 Market
- 4.1.4.1.1.1 Buyer Attributes
- 4.1.4.1.1.2 Key Manufacturers and Suppliers in the U.S.
- 4.1.4.1.1.3 Key Electric Vehicle Regulations and Policies in the U.S.
- 4.1.4.1.1.4 Business Challenges
- 4.1.4.1.1.5 Business Drivers
- 4.1.4.1.2 Application
- 4.1.4.1.2.1 U.S. Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.1.4.1.2.2 U.S. Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.1.4.1.3 Products
- 4.1.4.1.3.1 U.S. Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.1.4.1.3.2 U.S. Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.1.4.1.3.3 U.S. Automotive Inverter Market (by Technology), Volume and Value Data
- 4.1.4.2 Canada
- 4.1.4.2.1 Market
- 4.1.4.2.1.1 Buyer Attributes
- 4.1.4.2.1.2 Key Manufacturers and Suppliers in Canada
- 4.1.4.2.1.3 Key Electric Vehicle Regulations and Policies in Canada
- 4.1.4.2.1.4 Business Challenges
- 4.1.4.2.1.5 Business Drivers
- 4.1.4.2.2 Application
- 4.1.4.2.2.1 Canada Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.1.4.2.2.2 Canada Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.1.4.2.3 Products
- 4.1.4.2.3.1 Canada Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.1.4.2.3.2 Canada Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.1.4.2.3.3 Canada Automotive Inverter Market (by Technology), Volume and Value Data
- 4.1.4.3 Mexico
- 4.1.4.3.1 Market
- 4.1.4.3.1.1 Buyer Attributes
- 4.1.4.3.1.2 Key Manufacturers and Suppliers in Mexico
- 4.1.4.3.1.3 Key Electric Vehicle Regulations and Policies in Mexico
- 4.1.4.3.1.4 Business Challenges
- 4.1.4.3.1.5 Business Drivers
- 4.1.4.3.2 Application
- 4.1.4.3.2.1 Mexico Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.1.4.3.2.2 Mexico Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.1.4.3.3 Products
- 4.1.4.3.3.1 Mexico Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.1.4.3.3.2 Mexico Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.1.4.3.3.3 Mexico Automotive Inverter Market (by Technology), Volume and Value Data
- 4.2 Europe
- 4.2.1 Market
- 4.2.1.1 Key Manufacturers and Suppliers in Europe
- 4.2.1.2 Competitive Benchmarking
- 4.2.1.3 Business Challenges
- 4.2.1.4 Business Drivers
- 4.2.2 Application
- 4.2.2.1 Europe Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.2.2.2 Europe Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.2.3 Products
- 4.2.3.1 Europe Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.2.3.2 Europe Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.2.3.3 Europe Automotive Inverter Market (by Technology), Volume and Value Data
- 4.2.4 Europe: Country-Level Analysis
- 4.2.4.1 Germany
- 4.2.4.1.1 Market
- 4.2.4.1.1.1 Buyer Attributes
- 4.2.4.1.1.2 Key Manufacturers and Suppliers in Germany
- 4.2.4.1.1.3 Key Electric Vehicle Regulations and Policies in Germany
- 4.2.4.1.1.4 Business Challenges
- 4.2.4.1.1.5 Business Drivers
- 4.2.4.1.2 Application
- 4.2.4.1.2.1 Germany Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.2.4.1.2.2 Germany Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.2.4.1.3 Products
- 4.2.4.1.3.1 Germany Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.2.4.1.3.2 Germany Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.2.4.1.3.3 Germany Automotive Inverter Market (by Technology), Volume and Value Data
- 4.2.4.2 France
- 4.2.4.2.1 Market
- 4.2.4.2.1.1 Buyer Attributes
- 4.2.4.2.1.2 Key Manufacturers and Suppliers in France
- 4.2.4.2.1.3 Key Electric Vehicle Regulations and Policies in France
- 4.2.4.2.1.4 Business Challenges
- 4.2.4.2.1.5 Business Drivers
- 4.2.4.2.2 Application
- 4.2.4.2.2.1 France Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.2.4.2.2.2 France Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.2.4.2.3 Products
- 4.2.4.2.3.1 France Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.2.4.2.3.2 France Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.2.4.2.3.3 France Automotive Inverter Market (by Technology), Volume and Value Data
- 4.2.4.3 Italy
- 4.2.4.3.1 Market
- 4.2.4.3.1.1 Buyer Attributes
- 4.2.4.3.1.2 Key Manufacturers and Suppliers in Italy
- 4.2.4.3.1.3 Key Electric Vehicle Regulations and Policies in Italy
- 4.2.4.3.1.4 Business Challenges
- 4.2.4.3.1.5 Business Drivers
- 4.2.4.3.2 Application
- 4.2.4.3.2.1 Italy Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.2.4.3.2.2 Italy Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.2.4.3.3 Products
- 4.2.4.3.3.1 Italy Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.2.4.3.3.2 Italy Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.2.4.3.3.3 Italy Automotive Inverter Market (by Technology), Volume and Value Data
- 4.2.4.4 Nordic Countries
- 4.2.4.4.1 Market
- 4.2.4.4.1.1 Buyer Attributes
- 4.2.4.4.1.2 Key Manufacturers and Suppliers in Nordic Countries
- 4.2.4.4.1.3 Key Electric Vehicle Regulations and Policies in Nordic Countries
- 4.2.4.4.1.4 Business Challenges
- 4.2.4.4.1.5 Business Drivers
- 4.2.4.4.2 Application
- 4.2.4.4.2.1 Nordic Countries Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.2.4.4.2.2 Nordic Countries Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.2.4.4.3 Products
- 4.2.4.4.3.1 Nordic Countries Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.2.4.4.3.2 Nordic Countries Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.2.4.4.3.3 Nordic Countries Automotive Inverter Market (by Technology), Volume and Value Data
- 4.2.4.5 Rest-of-Europe
- 4.2.4.5.1 Market
- 4.2.4.5.1.1 Buyer Attributes
- 4.2.4.5.1.2 Key Manufacturers and Suppliers in Rest-of-Europe
- 4.2.4.5.1.3 Key EV Regulations and Policies in Rest-of-Europe
- 4.2.4.5.1.4 Business Challenges
- 4.2.4.5.1.5 Business Drivers
- 4.2.4.5.2 Application
- 4.2.4.5.2.1 Rest-of-Europe Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.2.4.5.2.2 Rest-of-Europe Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.2.4.5.3 Products
- 4.2.4.5.3.1 Rest-of-Europe Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.2.4.5.3.2 Rest-of-Europe Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.2.4.5.3.3 Rest-of-Europe Automotive Inverter Market (by Technology), Volume and Value Data
- 4.3 U.K.
- 4.3.1 Market
- 4.3.1.1 Buyer Attributes
- 4.3.1.2 Key Manufacturers and Suppliers in the U.K.
- 4.3.1.3 Competitive Benchmarking
- 4.3.1.3.1 Key Electric Vehicle Regulations and Policies in the U.K.
- 4.3.1.4 Business Challenges
- 4.3.1.5 Business Drivers
- 4.3.2 Application
- 4.3.2.1 U.K. Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.3.2.2 U.K. Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.3.3 Products
- 4.3.3.1 U.K. Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.3.3.2 U.K. Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.3.3.3 U.K. Automotive Inverter Market (by Technology), Volume and Value Data
- 4.4 China
- 4.4.1 Market
- 4.4.1.1 Buyer Attributes
- 4.4.1.2 Key Manufacturers and Suppliers in China
- 4.4.1.3 Competitive Benchmarking
- 4.4.1.3.1 Key Electric Vehicle Regulations and Policies in China
- 4.4.1.4 Business Challenges
- 4.4.1.5 Business Drivers
- 4.4.2 Application
- 4.4.2.1 China Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.4.2.2 China Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.4.3 Products
- 4.4.3.1 China Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.4.3.2 China Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.4.3.3 China Automotive Inverter Market (by Technology), Volume and Value Data
- 4.5 Asia-Pacific and Japan
- 4.5.1 Market
- 4.5.1.1 Key Manufacturers and Suppliers in the Asia-Pacific and Japan
- 4.5.1.2 Competitive Benchmarking
- 4.5.1.3 Business Challenges
- 4.5.1.4 Business Drivers
- 4.5.2 Application
- 4.5.2.1 Asia-Pacific and Japan Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.5.2.2 Asia-Pacific and Japan Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.5.3 Products
- 4.5.3.1 Asia-Pacific and Japan Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.5.3.2 Asia-Pacific and Japan Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.5.3.3 Asia-Pacific and Japan Automotive Inverter Market (by Technology), Volume and Value Data
- 4.5.4 Asia-Pacific and Japan: Country-Level Analysis
- 4.5.4.1 South Korea
- 4.5.4.1.1 Market
- 4.5.4.1.1.1 Buyer Attributes
- 4.5.4.1.1.2 Key Manufacturers and Suppliers in South Korea
- 4.5.4.1.1.3 Key Electric Vehicle Regulations and Policies in South Korea
- 4.5.4.1.1.4 Business Challenges
- 4.5.4.1.1.5 Business Drivers
- 4.5.4.1.2 Application
- 4.5.4.1.2.1 South Korea Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.5.4.1.2.2 South Korea Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.5.4.1.3 Products
- 4.5.4.1.3.1 South Korea Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.5.4.1.3.2 South Korea Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.5.4.1.3.3 South Korea Automotive Inverter Market (by Technology), Volume and Value Data
- 4.5.4.2 Japan
- 4.5.4.2.1 Market
- 4.5.4.2.1.1 Buyer Attributes
- 4.5.4.2.1.2 Key Manufacturers and Suppliers in Japan
- 4.5.4.2.1.3 Key Electric Vehicle Regulations and Policies in Japan
- 4.5.4.2.1.4 Business Challenges
- 4.5.4.2.1.5 Business Drivers
- 4.5.4.2.2 Application
- 4.5.4.2.2.1 Japan Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.5.4.2.2.2 Japan Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.5.4.2.3 Products
- 4.5.4.2.3.1 Japan Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.5.4.2.3.2 Japan Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.5.4.2.3.3 Japan Automotive Inverter Market (by Technology), Volume and Value Data
- 4.5.4.3 India
- 4.5.4.3.1 Market
- 4.5.4.3.1.1 Buyer Attributes
- 4.5.4.3.1.2 Key Manufacturers and Suppliers in India
- 4.5.4.3.1.3 Key Electric Vehicle Regulations and Policies in India
- 4.5.4.3.1.4 Business Challenges
- 4.5.4.3.1.5 Business Drivers
- 4.5.4.3.2 Application
- 4.5.4.3.2.1 India Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.5.4.3.2.2 India Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.5.4.3.3 Products
- 4.5.4.3.3.1 India Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.5.4.3.3.2 India Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.5.4.3.3.3 India Automotive Inverter Market (by Technology), Volume and Value Data
- 4.5.4.4 Rest-of-Asia-Pacific and Japan
- 4.5.4.4.1 Market
- 4.5.4.4.1.1 Buyer Attributes
- 4.5.4.4.1.2 Key Manufacturers and Suppliers in Rest -of-Asia-Pacific and Japan
- 4.5.4.4.1.3 Business Challenges
- 4.5.4.4.1.4 Business Drivers
- 4.5.4.4.2 Application
- 4.5.4.4.2.1 Rest-of-Asia-Pacific and Japan Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.5.4.4.2.2 Rest-of-Asia-Pacific and Japan Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.5.4.4.3 Products
- 4.5.4.4.3.1 Rest-of-Asia-Pacific and Japan Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.5.4.4.3.2 Rest-of-Asia-Pacific and Japan Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.5.4.4.3.3 Rest-of-Asia-Pacific and Japan Automotive Inverter Market (by Technology), Volume and Value Data
- 4.6 Rest-of-the-World (RoW)
- 4.6.1 Market
- 4.6.1.1 Buyer Attributes
- 4.6.1.2 Key Manufacturers and Suppliers in Rest-of-the-World (RoW)
- 4.6.1.3 Competitive Benchmarking
- 4.6.1.4 Business Challenges
- 4.6.1.5 Business Drivers
- 4.6.2 Application
- 4.6.2.1 Rest-of-the-World Automotive Inverter Market (by Propulsion Type), Volume and Value Data
- 4.6.2.2 Rest-of-the-World Automotive Inverter Market (by Vehicle Type), Volume and Value Data
- 4.6.3 Products
- 4.6.3.1 Rest-of-the-World Automotive Inverter Market (by Material Type), Volume and Value Data
- 4.6.3.2 Rest-of-the-World Automotive Inverter Market (by Power Output), Volume and Volume Data
- 4.6.3.3 Rest-of-the-World Automotive Inverter Market (by Technology), Volume and Value Data
5 Markets - Competitive Benchmarking & Company Profiles
- 5.1 Competitive Benchmarking
- 5.1.1 Competitive Position Matrix
- 5.1.2 Market Share Analysis
- 5.2 Company Profiles
- 5.2.1 Siemens AG
- 5.2.1.1 Company Overview
- 5.2.1.1.1 Product Portfolio
- 5.2.1.2 Corporate Strategies
- 5.2.1.2.1 Siemens AG: Mergers and Acquisitions
- 5.2.1.3 Competitive Position
- 5.2.1.3.1 Strengths of the company
- 5.2.1.3.2 Weakness of the company
- 5.2.1.4 Patent Analysis
- 5.2.2 Mitsubishi Electric Corporation
- 5.2.2.1 Company Overview
- 5.2.2.1.1 Product Portfolio
- 5.2.2.1.2 R&D Analysis
- 5.2.2.2 Corporate Strategies
- 5.2.2.2.1 Mitsubishi Electric Corporation: Mergers and Acquisitions
- 5.2.2.3 Competitive Position
- 5.2.2.3.1 Strengths of the company
- 5.2.2.3.2 Weakness of the company
- 5.2.3 Toyota Industries Corporation
- 5.2.3.1 Company Overview
- 5.2.3.1.1 Product Portfolio
- 5.2.3.1.2 R&D Analysis
- 5.2.3.2 Business Strategies
- 5.2.3.2.1 Toyota Industries Corporation: Product Development
- 5.2.3.3 Corporate Strategies
- 5.2.3.3.1 Toyota Industries Corporation: Mergers and Acquisitions
- 5.2.3.3.2 Toyota Industries Corporation: Partnerships, Joint Ventures, Collaborations and Alliances
- 5.2.3.4 Competitive Position
- 5.2.3.4.1 Strengths of the company
- 5.2.3.4.2 Weakness of the company
- 5.2.3.5 Patent Analysis
- 5.2.4 Robert Bosch GmbH
- 5.2.4.1 Company Overview
- 5.2.4.1.1 Product Portfolio
- 5.2.4.1.2 R&D Analysis
- 5.2.4.2 Business Strategies
- 5.2.4.2.1 Robert Bosch GmbH: Product Development
- 5.2.4.3 Corporate Strategies
- 5.2.4.3.1 Robert Bosch GmbH: Partnerships, Joint Ventures, Collaborations and Alliances
- 5.2.4.4 Competitive Position
- 5.2.4.4.1 Strengths of the company
- 5.2.4.4.2 Weakness of the company
- 5.2.4.5 Patent Analysis
- 5.2.5 Continental AG
- 5.2.5.1 Company Overview
- 5.2.5.1.1 Product Portfolio
- 5.2.5.1.2 R&D Analysis
- 5.2.5.2 Business Strategies
- 5.2.5.2.1 Continental AG: Product Development
- 5.2.5.2.2 Continental AG: Market Development
- 5.2.5.3 Corporate Strategies
- 5.2.5.3.1 Continental AG: Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.2.5.4 Competitive Position
- 5.2.5.4.1 Strengths of the company
- 5.2.5.4.2 Weakness of the company
- 5.2.5.5 Patent Analysis
- 5.2.6 DENSO Corporation
- 5.2.6.1 Company Overview
- 5.2.6.1.1 Product Portfolio
- 5.2.6.1.2 R&D Analysis
- 5.2.6.2 Business Strategies
- 5.2.6.2.1 DENSO Corporation: Product Development
- 5.2.6.3 Competitive Position
- 5.2.6.3.1 Strengths of the company
- 5.2.6.3.2 Weakness of the company
- 5.2.6.4 Patent Analysis
- 5.2.7 Marelli Corporation (Formerly Calsonic Kansei Corporation)
- 5.2.7.1 Company Overview
- 5.2.7.1.1 Product Portfolio
- 5.2.7.2 Business Strategies
- 5.2.7.2.1 Marelli Corporation: Product Development
- 5.2.7.3 Corporate Strategies
- 5.2.7.3.1 Marelli Corporation: Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.2.7.4 Competitive Position
- 5.2.7.4.1 Strengths of the company
- 5.2.7.4.2 Weakness of the company
- 5.2.7.5 Patent Analysis
- 5.2.8 LG Electronics
- 5.2.8.1 Company Overview
- 5.2.8.1.1 Product Portfolio
- 5.2.8.1.2 R&D Analysis
- 5.2.8.2 Corporate Strategies
- 5.2.8.2.1 LG Electronics: Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.2.8.3 Competitive Position
- 5.2.8.3.1 Strengths of the company
- 5.2.8.3.2 Weakness of the company
- 5.2.8.4 Patent Analysis
- 5.2.9 Hitachi Automotive Systems, Ltd.
- 5.2.9.1 Company Overview
- 5.2.9.1.1 Product Portfolio
- 5.2.9.1.2 R&D Analysis
- 5.2.9.2 Corporate Strategies
- 5.2.9.2.1 Hitachi Automotive Systems, Ltd.: Mergers and Acquisitions
- 5.2.9.2.2 Hitachi Automotive Systems, Ltd.: Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.2.9.3 Competitive Position
- 5.2.9.3.1 Strengths of the company
- 5.2.9.3.2 Weakness of the company
- 5.2.10 Lear Corporation
- 5.2.10.1 Company Overview
- 5.2.10.1.1 Product Portfolio
- 5.2.10.1.2 R&D Analysis
- 5.2.10.2 Corporate Strategies
- 5.2.10.2.1 Lear Corporation: Partnerships, Joint Ventures, Collaborations, and Alliances
- 5.2.10.3 Competitive Position
- 5.2.10.3.1 Strengths of the company
- 5.2.10.3.2 Weakness of the company
- 5.2.10.4 Patent Analysis
- 5.2.11 Fuji Electric
- 5.2.11.1 Company Overview
- 5.2.11.1.1 Product Portfolio
- 5.2.11.1.2 R&D Analysis
- 5.2.11.2 Business Strategies
- 5.2.11.3 Competitive Position
- 5.2.11.3.1 Strengths of the company
- 5.2.11.3.2 Weakness of the company
- 5.2.11.4 Patent Analysis
- 5.2.12 Toshiba Corporation
- 5.2.12.1 Company Overview
- 5.2.12.1.1 Product Portfolio
- 5.2.12.1.2 R&D Analysis
- 5.2.12.2 Business Strategies
- 5.2.12.2.1 Business Expansion
- 5.2.12.3 Competitive Position
- 5.2.12.3.1 Strengths of the company
- 5.2.12.3.2 Weakness of the company
- 5.2.12.4 Patent Analysis
- 5.2.13 Aptiv PLC
- 5.2.13.1 Company Overview
- 5.2.13.1.1 Product Portfolio
- 5.2.13.1.2 R&D Analysis
- 5.2.13.2 Competitive Position
- 5.2.13.2.1 Strengths of the company
- 5.2.13.2.2 Weakness of the company
- 5.2.13.3 Patent Analysis
- 5.2.14 Sensata Technologies, Inc.
- 5.2.14.1 Company Overview
- 5.2.14.1.1 Product Portfolio
- 5.2.14.1.2 R&D Analysis
- 5.2.14.2 Competitive Position
- 5.2.14.2.1 Strengths of the company
- 5.2.14.2.2 Weakness of the company
- 5.2.15 Danfoss
- 5.2.15.1 Company Overview
- 5.2.15.1.1 Product Portfolio
- 5.2.15.1.2 R&D Analysis
- 5.2.15.2 Business Strategies
- 5.2.15.2.1 Danfoss: Product Development
- 5.2.15.3 Corporate Strategies
- 5.2.15.3.1 Danfoss: Partnerships, Joint Ventures, Collaborations and Alliances
- 5.2.15.4 Competitive Position
- 5.2.15.4.1 Strengths of the company
- 5.2.15.4.2 Weakness of the company
- 5.2.15.5 Patent Analysis
- 5.2.16 Other Key Companies
6 Research Methodology
- 6.1 Data Sources
- 6.1.1 Primary Data Sources
- 6.2 Data Triangulation
- 6.3 Market Estimation and Forecast
- 6.3.1 Factors for Data Prediction and Modeling