Global Automotive Inverters Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

50-100 kW, Below 50 kW and Above 100 KW.

By Application;

Electric Vehicles and Hybrid Vehicles.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn086438854 Published Date: May, 2024 Updated Date: June, 2024


Global Automotive Inverters Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Inverters Market was valued at USD 3,980.98 million. The size of this market is expected to increase to USD 18,771.20 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 24.8%.

Inverters serve as critical components in electric and hybrid vehicles, facilitating the conversion of direct current (DC) from the battery into alternating current (AC) to power various vehicle systems, including electric motors, HVAC (heating, ventilation, and air conditioning), and onboard electronics. The market for automotive inverters is witnessing significant growth and innovation, driven by the increasing demand for electric and hybrid vehicles worldwide. With the automotive industry transitioning towards electrification to address environmental concerns and regulatory requirements, inverters play a pivotal role in enabling the performance, efficiency, and sustainability of electric propulsion systems.

Advancements in power electronics, semiconductor technologies, and energy storage systems are driving improvements in the efficiency, reliability, and power density of automotive inverters. Manufacturers are investing in research and development to develop next-generation inverters capable of handling higher voltages, currents, and power levels while minimizing losses and maximizing energy conversion efficiency.

The automotive inverters market is influenced by factors such as government incentives, emissions regulations, and consumer preferences for electric vehicles. Incentives and subsidies offered by governments to promote electric vehicle adoption are driving investments in electric drivetrain technologies, including inverters, by automakers and suppliers.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Automotive Inverters Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Electric Vehicles (EVs)

        2. Technological Advancements

        3. Rising Investment in Renewable Energy

      2. Restraints
        1. Supply Chain Disruptions

        2. Limited Range and Performance Concerns

        3. High Initial Cost

      3. Opportunities
        1. Rapid Urbanization and Smart City Initiatives

        2. Emerging Markets

        3. Integration of Energy Storage Solutions

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Inverters Market, By Type, 2020 - 2030 (USD Million)
      1. 50-100 kW

      2. Below 50 kW

      3. Above 100 KW

    2. Global Automotive Inverters Market, By Application, 2020 - 2030 (USD Million)
      1. Electric Vehicles

      2. Hybrid Vehicles

    3. Global Automotive Inverters Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Denso Corporation
      2. Hitachi Automotive Systems
      3. Mitsubishi Electric Corporation
      4. Continental AG
      5. Delphi Technologies
      6. Fuji Electric
      7. Valeo Siemens
      8. Lear Corporation
  7. Analyst Views
  8. Future Outlook of the Market