Vehicle Inverters Market

Vehicle Inverters Market Propulsion Type (BEV, HEV, and PHEV), Output Power Type (<=130 kW and >130 kW), Technology Type (IGBT and MOSFET), Semiconductor Materials Type (GaN, Si, and SiC), By Vehicle Type (PC and CV), and Region - Global Forecast to 2025

Report Code: AT 6880 Jan, 2019, by marketsandmarkets.com

[160 Pages report] The global vehicle inverters market is projected to grow at a CAGR of 17.57% during the forecast period, to reach USD 7.7 billion by 2025 from an estimated USD 2.5 billion in 2018. The automobile industry has witnessed a continuous increase in the integration of various electronic devices in the vehicles. The rising demand for reducing carbon emissions has led to huge innovations and R&D efforts from OEMs and automotive suppliers for the development of components (battery and inverters) and compliance with government regulations. Moreover, the overall weight of the vehicles has increased due to the integration of various electronic features in electric vehicles. The awareness among the consumers, OEMs, and various suppliers along with a push from the government will boost the demand for vehicle inverters in the market.

Vehicle Inverters Market

BEV segment is estimated to account for the largest market size during the forecast period.

BEV segment is estimated to be the largest market for vehicle inverters market in 2018. The increasing purchasing power of customers and the growing demand for eco-friendly vehicles in emerging and developed countries have contributed to the growth of the market for BEV vehicles. Also, the growing stringency of mandates related to emissions and favorable government policies in several countries has inflated the demand for vehicle inverters.

Commercial vehicles segment for ICE vehicles is estimated to account for the largest market size during the forecast period.

The increasing use of various auxiliary and secondary devices (such as television sets and coffee makers) during official travel by commercial vehicle drivers has driven the growth of vehicle inverters in the commercial vehicle segment. Also, the vehicle inverters market has witnessed a rising number of innovations due to the growing demand for driver safety and comfort features that increase the durability of the automobile. With the increasing use of various handheld devices (mobile charger, gaming console etc.) and household appliances in vehicles, the demand for vehicle inverters has witnessed an increasing trend in the commercial vehicle segment of ICE vehicles.

IGBT-based vehicle inverters are estimated to account for the largest market size during the forecast period.

The IGBT is a three terminal (gate, collector, and emitter) full-controlled switch. Its gate/control signal takes place between the gate and emitter and its switch terminals are the drain and emitter. IGBT-based vehicle inverters can withstand high voltages as the newer version of electric vehicles needs to have higher output capacity. The IGBT market is projected to grow due to the growing demand for electric vehicles that require high power efficiency and faster switching capabilities. Thus, driving the growth for IGBT-based vehicle inverters market globally.

Asia Pacific region is estimated to account for the largest market size during the forecast period.

The Asia Pacific region has emerged as a hub for automobile production and is estimated to be the largest market for vehicle inverters during the forecast period. The growing purchasing power of consumers has triggered the demand for automobiles in the region. Cost advantages for OEMs, low automobile penetration levels, and increased vehicle production offer attractive market opportunities for automobile manufacturers and automotive component suppliers. Also, due to the availability of cheap labor and low production cost, many major OEMs have launched production plants in the region or joined hands with major domestic vehicle manufacturers. The Asia Pacific region is home to key electric vehicles manufacturers such as BYD Auto (China), SAIC Motor (China), and Geely (China). Moreover, it is also home to key suppliers of vehicle inverters such as Denso (Japan), Mitsubishi Electric Corporation (Japan), and Hitachi (Japan).

Vehicle Inverters Market

Key Market Players

The global vehicle inverters market is dominated by major players such as Denso (Japan), Delphi Technologies (UK), Continental AG (Germany), Robert Bosch GmbH (Germany), and Mitsubishi Electric Corporation (Japan). These companies have strong distribution networks at the global level. In addition, these companies offer an extensive range of products for electric vehicles. The key strategies adopted by these companies to sustain their market position are new product developments, partnerships, and expansions.

Scope of the Report

    Report Metric

    Details

    Market size available for years

    2016–2025

    Base year considered

    2017

    Forecast period

    2018–2025

    Forecast units

    Value (USD) and Volume (’000 Units)

    Segments covered

    Propulsion Type, Output Power, Semiconductor Materials Type, Technology (Power Module), Vehicle Type, and Region

    Geographies covered

    North America, Asia Pacific, and Europe

    Companies covered

    Denso (Japan), Delphi Technologies (UK), Continental AG (Germany), Robert Bosch GmbH (Germany), and Mitsubishi Electric Corporation (Japan). Total 20 major players covered.

    This research report categorizes the vehicle inverters market based on propulsion type, output power, semiconductor materials type, technology type (power module), vehicle type, and region.

    On the basis of propulsion type, the vehicle inverters market has been segmented as follows:

    • BEV
    • HEV
    • PHEV

    On the basis of output power type, the vehicle inverters market has been segmented as follows:

    • <= 130 kW
    • > 130 kW

    On the basis of semiconductor materials type, the vehicle inverters market has been segmented as follows:

    • Gallium Nitride (GaN)
    • Silicon (Si)
    • Silicon Nitride (SiC)

    On the basis of technology type (power module), the vehicle inverters market has been segmented as follows:

    • IGBT
    • MOSFET

    On the basis of vehicle type for ICE vehicles, the vehicle inverters market has been segmented as follows:

    • Passenger Cars
    • Commercial Vehicles

    On the basis of region, the vehicle inverters market has been segmented as follows:

    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • France
      • Germany
      • Netherlands
      • Norway
      • Sweden
      • UK

    Recent developments

    • In October 2018, Valeo Siemens eAutomotive, a joint venture between suppliers Valeo and Siemens, opened a factory in the east China city of Changshu to expand output of high-voltage components for electrified vehicles in China. The plant has 2 production lines for inverters and 1 for electric motors.
    • In September 2018, Hitachi, Ltd. announced the development of an original energy saving power semiconductor structure, TED-MOS, using next-generation Silicon Carbide (SiC) material that contributes to saving energy in Electric Vehicles (EVs). This power semiconductor is a new device using a fin-structured trench MOSFET based on the conventional DMOS-FET, a SiC transistor of power semiconductor. Using this new device, an energy saving of 50% was confirmed. Hitachi intends to apply this device in motor drive inverters, which are a core component of EVs to increase energy efficiency.
    • In September 2018, Delphi Technologies electrification solutions will be developed and manufactured in every region, with new facilities currently being built in Poland and China. Once operational, the Polish facility, located at Blonie, will manufacture DC-DC converters, inverters, and control units.
    • In February 2018, Delphi Technologies, PLC launched the first combined inverter and DC/DC converter (CIDD) in the Chinese market. For automakers, these components create a more efficient and cost-effective solution delivering higher power density, integrated into a smaller and lighter package.
    • In January 2018, Delphi Technologies PLC invested in PolyCharge America, Inc., a start-up established to commercialize a new capacitor technology. This technology helps to make high-power inverters smaller, lighter, and more tolerant to high temperatures.

    Critical Questions:

    • How will electric vehicle sales trend impact the vehicle inverters market in the long term?
    • How will the industry cope with the challenge of compactness and light weight components for vehicle inverters?
    • What is the impact of government regulations and policies on the vehicle inverters market?
    • What are the upcoming trends in the vehicle inverters market? What impact would they make post 2020?
    • What are the key strategies adopted by the top players to increase their revenue?

    To speak to our analyst for a discussion on the above findings, click Speak to Analyst

    Table of Contents

    1 Introduction (Page No. - 17)
        1.1 Objectives of the Study
        1.2 Market Definition
        1.3 Market Scope
               1.3.1 Markets Covered
               1.3.2 Years Considered for the Study
        1.4 Currency
        1.5 Package Size
        1.6 Limitations
        1.7 Stakeholders

    2 Research Methodology (Page No. - 21)
        2.1 Research Data
        2.2 Secondary Data
               2.2.1 Key Secondary Sources
               2.2.2 Key Data From Secondary Sources
        2.3 Primary Data
               2.3.1 Sampling Techniques & Data Collection Methods
               2.3.2 Primary Participants
               2.3.3 Key Data From Primary Sources
        2.4 Market Size Estimation
               2.4.1 Bottom-Up Approach
               2.4.2 Top-Down Approach
        2.5 Market Breakdown and Data Triangulation
        2.6 Assumptions

    3 Executive Summary (Page No. - 32)

    4 Premium Insights (Page No. - 36)
        4.1 Attractive Opportunities in the Vehicle Inverters Market
        4.2 Market, By Region
        4.3 Market, By Country
        4.4 Market, By Output Power
        4.5 Market, By Technology (Power Module)
        4.6 Market, By Propulsion Type
        4.7 Market, By Semiconductor Materials Type
        4.8 Market, By Vehicle Type

    5 Market Overview (Page No. - 43)
        5.1 Introduction
        5.2 Market Dynamics
               5.2.1 Drivers
                        5.2.1.1 Rise in Sales of Electric Vehicles Globally
                        5.2.1.2 Surge in the Use of Various Handheld and Household Devices in Vehicles
                        5.2.1.3 Usage of Navigation Devices and Smartphones By Cab Aggregators, Car Rental, and Fleet Management Service Providers
               5.2.2 Restraints
                        5.2.2.1 Lower Utilization of Battery Power for Necessary Vehicle Applications
                        5.2.2.2 Complex Design and Integration Process for Advanced Applications
                        5.2.2.3 Functional Safety Requirements
               5.2.3 Opportunities
                        5.2.3.1 Development of High Power Density Inverters
                        5.2.3.2 Demand for Combined Inverter and Dc/Dc Converter
               5.2.4 Challenges
                        5.2.4.1 Increase in the Overall Weight of the Vehicle and More Space Consumption By the Inverter

    6 Industry Trends (Page No. - 52)
        6.1 Introduction
        6.2 Technology Overview
               6.2.1 Development of Multilevel Inverters for EV Applications
               6.2.2 New Semiconductor Materials: Silicon Carbide and Gallium Nitride
                        6.2.2.1 Silicon Carbide (SiC)
                        6.2.2.2 Gallium Nitride (GaN)
               6.2.3 Emergence of Advanced Vehicle Inverters in Electric Vehicles
        6.3 Regulatory Overview
        6.4 Value Chain Analysis

    7 Electric Vehicle Inverters Market, By Propulsion Type (Page No. - 59)
        7.1 Introduction
        7.2 Research Methodology
        7.3 Battery Electric Vehicle (BEV)
               7.3.1 Increase in Sales of BEV Will Boost the Market of Vehicle Inverters Globally
        7.4 Hybrid Electric Vehicle (HEV)
               7.4.1 Rise in Usage of Fully Hybrid Vehicles Will Fuel the Market of Vehicle Inverters
        7.5 Plug-In Hybrid Electric Vehicle (PHEV)
               7.5.1 Better Charging Infrastructure Will Directly Propel the Vehicle Inverters Market
        7.6 Key Industry Insights

    8 Electric Vehicle Inverters Market, By Technology Type (Power Module) (Page No. - 68)
        8.1 Introduction
        8.2 Research Methodology
        8.3 IGBT
               8.3.1 IGBT Provides Faster Switching Capabilities and Suitable for High Power Applications
        8.4 Mosfet
               8.4.1 Mosfet has the Advantages of Higher Commutation Speed and Greater Efficiency During Operation at Low Voltages
        8.5 Key Industry Insights

    9 Electric Vehicle Inverters Market, By Semiconductor Materials Type (Page No. - 74)
        9.1 Introduction
        9.2 Research Methodology
        9.3 Gallium Nitride
               9.3.1 Gallium Nitride Specialized Semiconductor Usually Used in Optical Electronics
        9.4 Silicon
               9.4.1 Silicon Devices Supports High Frequency Switching Applications
        9.5 Silicon Carbide
               9.5.1 Silicon Carbide Materials Provide Greater Thermal Management Flexibility
        9.6 Key Industry Insights

    10 Electric Vehicle Inverters Market, By Output Power (Page No. - 81)
         10.1 Introduction
         10.2 Research Methodology
         10.3 <= 130kW
                 10.3.1 Suitable for Fwd Or Rwd Wheel Drive Vehicles
         10.4 > 130kW
                 10.4.1 Best Suited for Awd Wheel Drive Vehicles
         10.5 Key Industry Insights

    11 Vehicle Inverters Market, By Vehicle Type (Page No. - 86)
         11.1 Introduction
         11.2 Research Methodology
         11.3 Passenger Cars
                 11.3.1 Vehicle Inverters Find Application in Lower Power Usage Devices in Passenger Cars
         11.4 Commercial Vehicles
                 11.4.1 Vehicle Inverters Enable the Usage of Household Electric Appliances in Commercial Vehicles
         11.5 Key Industry Insights

    12 Electric Vehicle Inverters Market, By Region (Page No. - 92)
         12.1 Introduction
         12.2 Asia Pacific
                 12.2.1 China
                            12.2.1.1 Incentives and Subsidy Will Push the Growth of Electric Vehicles in China
                 12.2.2 India
                            12.2.2.1 Favorable Government Policies Will Foster the Growth of the Electric Vehicle Industry
                 12.2.3 Japan
                            12.2.3.1 Major Oems Operating in Japan Will Foster the Market for Electric Vehicles
                 12.2.4 South Korea
                            12.2.4.1 Rise in Sales of HEV and BEV Vehicles is Boosting the Market for Vehicle Inverters in South Korea
         12.3 North America
                 12.3.1 Canada
                            12.3.1.1 Government Initiatives for the Development of Electric Vehicle Infrastructure Will Foster the Growth of Electric Vehicles in Canada
                 12.3.2 Mexico
                            12.3.2.1 Cheap Labor Cost is Fueling the Growth of the Automotive Industry in Mexico
                 12.3.3 US
                            12.3.3.1 Strict Emission Norms and Huge Expenditure on the Development of Electric Vehicles are Driving the Development of Vehicle Inverters in the US Market
         12.4 Europe
                 12.4.1 France
                            12.4.1.1 Rising Number of HEVs and PHEVs in France is Boosting the Market for Vehicle Inverters
                 12.4.2 Germany
                            12.4.2.1 High Focus on Reducing Carbon Emissions is Driving the Market for Electric Vehicles in Germany
                 12.4.3 Netherlands
                            12.4.3.1 Netherlands has the Highest Adoption of Electric Vehicles Driven By Government Incentives
                 12.4.4 Norway
                            12.4.4.1 Various Tax Exemption for Electric Vehicles Such as Road Tax, Purchase Tax, Registration Tax, Import Tax, and Annual Tax is Boosting the E-Mobility
                 12.4.5 Sweden
                            12.4.5.1 Strong Electric Vehicle Infrastructure
                 12.4.6 UK
                            12.4.6.1 UK is Among the Largest Markets for Electric Vehicles in the Europe Region

    13 Competitive Landscape (Page No. - 115)
         13.1 Overview
         13.2 Market Ranking Analysis
         13.3 Competitive Situations & Trends
                 13.3.1 New Product Developments
                 13.3.2 Expansions
                 13.3.3 Partnerships/Supply Contracts/Collaborations/ Joint Ventures/Agreements/Mergers & Acquisitions
         13.4 Competitive Leadership Mapping
                 13.4.1 Visionary Leaders
                 13.4.2 Innovators
                 13.4.3 Dynamic Differentiators
                 13.4.4 Emerging Companies

    14 Company Profiles (Page No. - 125)
    (Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
         14.1 Denso
         14.2 Delphi Technologies
         14.3 Continental AG
         14.4 Robert Bosch GmbH
         14.5 Mitsubishi Electric Corporation
         14.6 Hitachi
         14.7 Valeo
         14.8 Fuji Electric
         14.9 Lear Corporation
         14.10 Toshiba
         14.11 Additional Company Profiles
                 14.11.1 Toyota Industries
                 14.11.2 Calsonic Kansei
                 14.11.3 Sensata Technologies
                 14.11.4 Samlex Europe
                 14.11.5 Metric Mind Corporation
                 14.11.6 Xantrex
                 14.11.7 Aims Power Compacts
                 14.11.8 Stanley Black & Decker
                 14.11.9 Bestek Corp
                 14.11.10 Energizer

    *Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

    15 Appendix (Page No. - 153)
         15.1 Insights From Industry Experts
         15.2 Discussion Guide
         15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
         15.4 Available Customizations
                 15.4.1 Vehicle Inverters Market, By Output Power, By Value
         15.5 Related Reports
         15.6 Author Details


    List of Tables (65 Tables)

    Table 1 Currency Exchange Rates (Wrt USD)
    Table 2 Vehicle Inverters Market Size, By Propulsion Type, 2016–2025 (‘000 Units)
    Table 3 Market Size, By Propulsion Type, 2016–2025 (USD Million)
    Table 4 Battery Electric Vehicle: Market Size, By Region, 2016–2025 (‘000 Units)
    Table 5 Battery Electric Vehicle: Market Size, By Region, 2016–2025 (USD Million)
    Table 6 Hybrid Electric Vehicle: Market Size, By Region, 2016–2025 (’000 Units)
    Table 7 Hybrid Electric Vehicle: Market Size, By Region, 2016–2025 (USD Million)
    Table 8 Plug-In Hybrid Electric Vehicle: Market Size, By Region, 2016–2025 (’000 Units)
    Table 9 Plug-In Hybrid Electric Vehicle: Market Size, By Region, 2016–2025 (USD Million)
    Table 10 Vehicle Inverters Market Size, By Technology Type, 2016–2025 (000’ Units)
    Table 11 Market Size, By Technology Type, 2016–2025 (USD Million)
    Table 12 IGBT: Market Size, By Region, 2016–2025 (000’ Units)
    Table 13 IGBT: Market Size, By Region, 2016–2025 (USD Million)
    Table 14 Mosfet: Market Size, By Region, 2016–2025 (000’ Units)
    Table 15 Mosfet: Market Size, By Region, 2016–2025 (USD Million)
    Table 16 Market Size, By Semiconductor Materials Type, 2016–2025 (USD Million)
    Table 17 Gallium Nitride: Market Size, By Region, 2016–2025 (USD Million)
    Table 18 Silicon: Vehicle Inverters Market Size, By Region, 2016–2025 (USD Million)
    Table 19 Silicon Carbide: Market Size, By Region, 2016–2025 (USD Million)
    Table 20 Market Size, By Output Power, 2016–2025 (000’ Units)
    Table 21 <= 130kW: Market Size, By Region, 2016–2025 (000’ Units)
    Table 22 > 130 kW: Market Size, By Region, 2016–2025 (000’ Units)
    Table 23 Market, By Vehicle Type, 2016–2025 (’000 Units)
    Table 24 Market, By Vehicle Type, 2016–2025 (USD Million)
    Table 25 Passenger Cars: Market, By Region, 2016–2025 (’000 Units)
    Table 26 Passenger Cars: Market, By Region, 2016–2025 (USD Million)
    Table 27 Commercial Vehicles: Market, By Region, 2016–2025 (’000 Units)
    Table 28 Commercial Vehicles: Market, By Region, 2016–2025 (USD Million)
    Table 29 Vehicle Inverters Market, By Region, 2016–2025 (‘000 Units)
    Table 30 Market, By Region, 2016–2025 (USD Million)
    Table 31 Asia Pacific: Market, By Country, 2016–2025 (‘000 Units)
    Table 32 Asia Pacific: Market, By Country, 2016–2025 (USD Million)
    Table 33 China: Market, By Propulsion Type, 2016–2025 (‘000 Units)
    Table 34 China: Market, By Propulsion Type, 2016–2025 (USD Million)
    Table 35 India: Market, By Propulsion Type, 2016–2025 (‘000 Units)
    Table 36 India: Market, By Propulsion Type, 2016–2025 (USD Million)
    Table 37 Japan: Market, By Propulsion Type, 2016–2025 (‘000 Units)
    Table 38 Japan: Market, By Propulsion Type, 2016–2025 (USD Million)
    Table 39 South Korea: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (‘000 Units)
    Table 40 South Korea: Market, By Propulsion Type, 2016–2025 (USD Million)
    Table 41 North America: Market, By Country, 2016–2025 (‘000 Units)
    Table 42 North America: Market, By Country, 2016–2025 (USD Million)
    Table 43 Canada: Market, By Propulsion Type, 2016–2025 (‘000 Units)
    Table 44 Canada: Market, By Propulsion Type, 2016–2025 (USD Million)
    Table 45 Mexico: Market, By Propulsion Type, 2016–2025 (‘000 Units)
    Table 46 Mexico: Market, By Propulsion Type, 2016–2025 (USD Million)
    Table 47 US: Market, By Propulsion Type, 2016–2025 (‘000 Units)
    Table 48 US: Market, By Propulsion Type, 2016–2025 (USD Million)
    Table 49 Europe: Market, By Country, 2016–2025 (‘000 Units)
    Table 50 Europe: Market, By Country, 2016–2025 (USD Million)
    Table 51 France: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (‘000 Units)
    Table 52 France: Market, By Propulsion Type, 2016–2025 (USD Million)
    Table 53 Germany: Market, By Propulsion Type, 2016–2025 (‘000 Units)
    Table 54 Germany: Market, By Propulsion Type, 2016–2025 (USD Million)
    Table 55 Netherlands: Market, By Propulsion Type, 2016–2025 ('000 Units)
    Table 56 Netherlands: Market, By Propulsion Type, 2016–2025 (USD Million)
    Table 57 Norway: Market, By Propulsion Type, 2016–2025 ('000 Units)
    Table 58 Norway: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (USD Million)
    Table 59 Sweden: Market, By Propulsion Type, 2016–2025 ('000 Units)
    Table 60 Sweden: Market, By Propulsion Type, 2016–2025 (USD Million)
    Table 61 UK: Market, By Propulsion Type, 2016–2025 ('000 Units)
    Table 62 UK: Vehicle Inverters Market, By Propulsion Type, 2016–2025 (USD Million)
    Table 63 New Product Developments, 2015–2018
    Table 64 Expansions, 2015–2018
    Table 65 Partnerships/Supply Contracts/Collaborations/Joint Ventures/ Agreements/Mergers & Acquisitions, 2015–2018


    List of Figures (60 Figures)

    Figure 1 Vehicle Inverters Market Segmentation
    Figure 2 Vehicle Inverters Market Segmentation, By Region
    Figure 3 Research Design
    Figure 4 Research Methodology Model
    Figure 5 Breakdown of Primary Interviews
    Figure 6 Global Vehicle Inverters Market Size: Bottom-Up Approach
    Figure 7 Global Vehicle Inverters Market Size: Top-Down Approach
    Figure 8 Data Triangulation
    Figure 9 Vehcile Inverters Market: Market Dynamics
    Figure 10 Mosfet Based Vehcile Inverter By Technology Type is Expected to Witness the Fastest Growth in the Vehicle Inverters Market, 2018 vs 2025 (USD Million)
    Figure 11 SiC (Silicon Carbide) is Expected to Have the Fastest Growth in the Vehicle Inverters Market By 2025 (USD Million)
    Figure 12 Vehicle Inverters Market: Market Size
    Figure 13 Technological Advancements and the Growth of Electric Vehicles are Expected to Drive the Vehicle Inverters Market
    Figure 14 Asia Pacific is Estimated to Be the Largest Vehicle Inverters Market, By Value
    Figure 15 Chinese Market is Expected to Witness the Highest Growth During the Forecast Period (By Value)
    Figure 16 >130kW Segement is Projected to Have the Largest Market Share in 2025, By Volume
    Figure 17 IGBT-Based Vehicle Inverters is Estimated to Dominate the Market, By Value
    Figure 18 BEVs are Projected to Dominate the Vehicle Inverters Market, By Value
    Figure 19 Si Materials are Projected to Dominate the Vehicle Inverters Market, By Value
    Figure 20 Commercial Vehicles are Projected to Dominate the Vehicle Inverters Market, By Value
    Figure 21 Vehicle Inverters Market: Market Dynamics
    Figure 22 Sales of Electric Vehicles
    Figure 23 Usage of Inverters in EV/HEV
    Figure 24 Powertrain Architecture of Electric Vehicle
    Figure 25 Hitachi’s Future Inverter Development Plan
    Figure 26 2012 Nissan Leaf Inverter Weight Distribution
    Figure 27 Usage of Inverters to Power Various Devices
    Figure 28 Advantages of Multilevel Inverters
    Figure 29 Power Comparison of Silicon Power Semiconductor vs Silicon Carbide Power Semiconductor
    Figure 30 Silicon Carbide vs Gallium Nitride
    Figure 31 Hitachi’s Vehicle Inverter Evolution
    Figure 32 Hitachi: Comparison of Maximum Current Ratios
    Figure 33 Value Chain Analysis: Vehicle Inverters Market
    Figure 34 Vehicle Inverters Market, By Propulsion Type, 2018 vs 2025 (USD Million)
    Figure 35 Vehicle Inverters Market, By Technology Type, 2018 vs 2025 (USD Million)
    Figure 36 Vehicle Inverters Market, By Semiconductor Materials Type, 2018 vs 2025 (USD Million)
    Figure 37 Vehicle Inverters Market, By Output Power, 2018 vs 2025 (‘000 Units)
    Figure 38 Vehicle Inverters Market, By Vehicle Type, 2018 vs 2025 (USD Million)
    Figure 39 Asia Pacific is Estimated to Hold the Largest Market Share In
    Figure 40 Asia Pacific: Vehicle Inverters Market Snapshot
    Figure 41 North America: Vehicle Invereters Market Snapshot
    Figure 42 Europe: Vehicle Inverters Market Snapshot, By Country, 2018 vs 2025 (USD Million)
    Figure 43 Key Developments By Leading Players in the Vehicle Inverters Market for 2015–2018
    Figure 44 Continental Lead the Vehicle Inverters Market in 2017
    Figure 45 Competitive Leadership Mapping: Vehicle Inverters Market, 2018
    Figure 46 Company Snapshot: Denso
    Figure 47 SWOT Analysis: Denso
    Figure 48 Company Snapshot: Delphi Technologies
    Figure 49 SWOT Analysis: Delphi Technologies
    Figure 50 Company Snapshot: Continental AG
    Figure 51 SWOT Analysis: Continental AG
    Figure 52 Company Snapshot: Robert Bosch GmbH
    Figure 53 SWOT Analysis: Robert Bosch GmbH
    Figure 54 Company Snapshot: Mitsubishi Electric Corporation
    Figure 55 SWOT Analysis: Mitsubishi Electric Corporation
    Figure 56 Company Snapshot: Hitachi
    Figure 57 Company Snapshot: Valeo
    Figure 58 Company Snapshot: Fuji Electric
    Figure 59 Company Snapshot: Lear Corporation
    Figure 60 Company Snapshot: Toshiba

    The study involved 4 major activities in estimating the current market size of vehicle inverters. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

    Secondary Research

    In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example, automobile OEMs, Electric Vehicle Association of Asia Pacific (EVAAP), country-level electric vehicle automotive associations and trade organizations, and the Department of Transportation (DOT)], automotive magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases (for example, Marklines and Factiva) have been used to identify and collect information useful for an extensive commercial study of the global vehicle inverters market.

    Primary Research

    Extensive primary research has been conducted after acquiring an understanding of the vehicle inverters market scenario through secondary research. Several primary interviews have been conducted with market experts from the demand- and supply-side OEMs (in terms of component supply, country-level government associations, and trade associations) and component manufacturers across 3 major regions, namely, North America, Europe, and Asia Pacific. Approximately 40% and 60% of primary interviews have been conducted from the demand- and supply-side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

    After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter expert’s opinions, has led us to the findings as described in the remainder of this report. Following is the breakdown of primary respondents.

    Vehicle Inverters Market

    To know about the assumptions considered for the study, download the pdf brochure

    Market Size Estimation

    Both top-down and bottom-up approaches were used to estimate and validate the total size of the vehicle inverters market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

    • The key players in the industry and markets have been identified through extensive secondary research.
    • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
    • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

    Data Triangulation

    After arriving at the overall market size using the market size estimation processes as explained above the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand- and supply-sides.

    Report Objectives

    • To analyze and forecast (2018 to 2025) the size of the vehicle inverters market, in terms of volume (’000 units) and value (USD million), to segment the vehicle inverters market and forecast its size, by volume and value, and on the basis of region (Asia Pacific, Europe, and North America)
    • To provide a detailed analysis of various factors influencing the global vehicle inverters market (drivers, restraints, opportunities, and challenges)
    • To analyze the regional markets for growth trends, prospects, and their contribution to the overall market
    • To segment the market and forecast its size, by volume and value, based on propulsion type (battery electric vehicles, hybrid electric vehicles, and plug-in hybrid vehicles)
    • To segment and forecast the size of the vehicle inverter market, in terms of volume, based on output power (<=130 kW and >130 kW)
    • To segment and forecast the size of the vehicle inverter market, in terms of volume and value, based on power module (IGBT and MOSFET)
    • To segment and forecast the size of the vehicle inverters market, in terms of value, based on semiconductor materials type (gallium nitride, silicon, and silicon carbide)
    • To segment and forecast the size of the vehicle inverters market for ICE vehicles, in terms of volume and value, based on vehicle type (passenger cars and commercial vehicles)
    • To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants
    • To segment and forecast the global vehicle inverters market size, in terms of volume (’000 units) and value (USD Million)

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    Vehicle Inverters Market, By Output Power, By Value

    Company Information

    • Profiling of Additional Market Players (Up to 3)
    Report Code
    AT 6880
    Published ON
    Jan, 2019
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