Global Automotive Inverter Market Research Report: Forecast (2021-2026)
By Product Type (Square Wave, Quasi-Sine Wave, Sine Wave), By Application (Electric Vehicle, Hybrid Vehicle, Fuel Cell Vehicle), By Power Output (<130KW, >130KW), By Technology (IG...BT, MOSFET), By Material (Silicon, Silicon Carbide), By End-User (OEM, Aftermarket), By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa), By Country (US, Canada, Mexico, Brazil, The UK, France, Italy, Spain, Germany, China, India, Japan, GCC, South Africa), By Company (Hitachi Automotive Systems, Denso, TVS Group, Arens Controls, Tata AutoComp Systems, Continental, Hyundai Mobis, Valeo Group, ABB, Mitsubishi Electric, Bosch, Lear, China Auto Electronics Group, Magneti Marelli, Toyota Industries, Zhejiang Founder Motor) Read more
- Automotive
- Mar 2021
- 212
- PDF, Excel, PPT
Market Segmentation
Electric Vehicle Acquired Majority market share
Based on the application, Electric Vehicles acquired a majority market share in the Global Automotive Inverter market in 2019. The demand for an electric vehicle is high in regions like North America and Europe. Additionally, various subsidies introduced by the government in the Asia-Pacific region to boost the sales of electric vehicles are propelling the demand for the automotive inverter market.
Further, the increasing inclination toward e-mobility due to the growing demand for zero-emission vehicles and snowballing investments in the electric vehicle production units are likely to promote the Automotive Inverter Market growth in the forecast years, reveals MarkNtel Advisors in their research report, "Global Automotive Inverter Market Analysis, 2021."
Report Coverage | Details |
---|---|
Study Period | Historical Data: 2016-19 |
Base Year: 2020 | |
Forecast Period: 2021-26 | |
CAGR (2021-2026) | 9% |
Regions Covered | North America: USA, Canada, Mexico |
Europe: Germany, UK, France, Italy, Spain | |
Asia-Pacific: China, India, Japan, Australia | |
South America: Brazil | |
Middle East & Africa: GCC, South Africa | |
Key Companies Profiled | Hitachi Automotive Systems, Denso, TVS Group, Arens Controls, Tata AutoComp Systems, Continental, Hyundai Mobis, Valeo Group, ABB, Mitsubishi Electric, Bosch, Lear, China Auto Electronics Group, Magneti Marelli, Toyota Industries, Zhejiang Founder Motor |
Unit Denominations | USD Million/Billion |
OEMs Acquired the Largest Market Share
Based on the end-user system, the OEMs acquired the majority market share in the Global Automotive Inverter market in 2019. The growth attributes to the rising government initiatives to boost demand & production of alternative energy vehicles owing to environmental concerns, such as increasing levels of CO2 and GHG gasses.
Moreover, massive investments by the OEMs and automotive suppliers on R&D in developing advanced battery compliance with government rules are burgeoning sales of electric vehicles in China, Australia, and various European countries are the factors placing a lucrative opportunity for this segment's growth.
Market Opportunities
According to the MarkNtel Advisors' research report, "Global Automotive Inverter Market Analysis, 2021," the market is likely to grow at a CAGR of 9.0% during 2021-26. The growth attributes to a significant upsurge in advancements by market players in inverter technologies, the burgeoning inclination to increase the travel range of electric vehicles, snowballing investments by governments in electric vehicles' production, and charging infrastructure.
Further, the formulation of various stringent policies to reduce the GHG emissions to fuel the purchase of electric vehicles is also likely to promote the market growth of the Automotive Inverter Market in the forecast period.
Impact of COVID-19
The outbreak of the COVID-19 pandemic has adversely affected the automotive industry and its associated markets. The sharp decline in the sales of electric vehicles had a profound impact on the Automotive Inverter Market due to the temporary closure of the production units. Further, the shrinking R&D budget and changing manufacturers' focus to revive the demand and produce BS-VI vehicles has led to sluggish market growth.
Competitive Landscape
According to MarkNtel Advisors, the key players with a considerable market share in the Global Automotive Inverter market include Bosch, Continental, Denso, Mitsubishi Electric, Hyundai Mobis, Valeo Group, Lear, Toyota Industries, Magneti Marelli, Hitachi Automotive Systems, TVS Group, China Auto Electronics Group, Tata AutoComp Systems, Zhejiang Founder Motor, ABB, Arens Controls, etc.
Key Questions Answered in the Market Research Report:
- What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Automotive Inverter Market?
- What is the region-wise industry size, growth drivers, and challenges key market trends?
- What are the key innovations, opportunities, current and future trends, and regulations in the Global Automotive Inverter Market?
- Who are the key competitors, what are their key strengths and weakness, and how they perform in Global Automotive Inverter Market based on the competitive benchmarking matrix?
- What are the key results derived from the market surveys conducted during the course of the Global Automotive Inverter Market study?
Market Outlook, Segmentation and Statistics
- Impact of COVID-19 on Global Automotive Inverter Market
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Product Type
- Square Wave
- Quasi-Sine Wave
- Sine Wave
- By Application
- Electric Vehicle
- Hybrid Vehicle
- Fuel Cell Vehicle
- By Region
- North America Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- The US Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- Canada Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- Mexico Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- South America Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- Brazil Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- Europe Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- The UK Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- Germany Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- France Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- Spain Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- Italy Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- Middle East & Africa Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- GCC Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- South Africa Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- Asia-Pacific Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- China Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- Japan Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- India Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- North America Automotive Inverter Market Outlook, 2016-2026F (USD Million)
- By Company
- Revenue Shares
- Strategic Factorial Indexing
- Competitor Placement in MarkNtel Quadrant
- By Product Type
- Global Automotive Inverter Market Government Regulations and Policies
- Global Automotive Inverter Value Chain Analysis
- Global Automotive Inverter Market Hotspots & Opportunities
- Competition Outlook
- Competitor Wise Growth Strategies
- Company Profiles
Frequently Asked Questions
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Preface
- Executive Summary
- Impact of COVID-19 on Global Automotive Inverter Market
- Global Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- Square Wave
- Quasi-Sine Wave
- Sine Wave
- By Application
- Electric Vehicle
- Passenger Vehicles
- Commercial Vehicles
- Hybrid Vehicle
- Passenger Vehicles
- Commercial Vehicles
- Fuel Cell Vehicle
- Electric Vehicle
- By Power Output
- <130 KW
- >130 KW
- By Technology
- IGBT
- MOSFET
- By Material
- Silicon
- Silicon Carbide
- By End User
- OEM
- Aftermarket
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
- By Competitors
- Competition Characteristics
- Market Share & Analysis
- Competitive Metrix
- By Product Type
- Market Size & Analysis
- North America Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- By Country
- The US
- Canada
- Mexico
- Others
- The US Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- Market Size & Analysis
- Canada Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- Market Size & Analysis
- Mexico Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- Market Size & Analysis
- Market Size & Analysis
- South America Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- By Country
- Brazil
- Others
- Brazil Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- Market Size & Analysis
- Market Size & Analysis
- Europe Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- By Country
- The UK
- Germany
- Italy
- Spain
- France
- Others
- The UK Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- Market Size & Analysis
- Germany Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- Market Size & Analysis
- Italy Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- Market Size & Analysis
- Spain Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- Market Size & Analysis
- France Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- Market Size & Analysis
- Market Size & Analysis
- Middle East & Africa Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- By Country
- GCC
- South Africa
- Others
- GCC Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- Market Size & Analysis
- South Africa Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- Market Size & Analysis
- Market Size & Analysis
- Asia-Pacific Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- By Country
- China
- India
- Japan
- Others
- China Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- Market Size & Analysis
- India Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- Market Size & Analysis
- Japan Automotive Inverter Market Outlook, 2016-2026F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product Type
- By Application
- By Power Output
- By Technology
- By Material
- By End Users
- Market Size & Analysis
- Market Size & Analysis
- Global Automotive Inverter Government Regulations and Policies
- Global Automotive Inverter Value Chain Analysis
- Global Automotive Inverter Market Trends & Insights
- Global Automotive Inverter Market Dynamics
- Growth Drivers
- Challenges
- Impact Analysis
- Global Automotive Inverter Market Hotspot & Opportunities
- Global Automotive Inverter Market Key Strategic Imperatives for Success & Growth
- Competition Outlook
- Competition Matrix
- Target Markets
- Research & Development
- Collaborations & Strategic Alliances
- Key Business Expansion Initiatives
- Business Restructuring- Mergers, Acquisitions, JVs
- Strategic Initiatives
- Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
- Hitachi Automotive Systems (Japan)
- Denso (Japan)
- TVS Group (India)
- Arens Controls (USA)
- Tata AutoComp Systems (India)
- Continental (Germany)
- Hyundai Mobis (Korea)
- Valeo Group (France)
- ABB (Switzerland)
- Mitsubishi Electric (Japan)
- Bosch (Germany)
- Lear (USA)
- China Auto Electronics Group (China)
- Magneti Marelli (Italy)
- Toyota Industries (Japan)
- Zhejiang Founder Motor (China)
- Competition Matrix
- Disclaimer