Due to high demand and the value of market research for the success of different sectors, Vehicle Inverters Market report has been prepared by covering many work areas. This is a professional and a complete report focusing on primary and secondary drivers, market share, competitor analysis, leading segments and geographical analysis. This Vehicle Inverters Market report lets you know that how the market is going to perform in the forecast years by giving you information about market definition, classifications, applications, and engagements. Few of the features such as objectivity have been kept at the centre while obtaining the best result via this Vehicle Inverters Market report for Automotive industry.
Global Vehicle Inverters Market was valued at an estimated USD 2.58 billion in 2018 and this value is expected to grow with a CAGR of 17.45% in the forecast period of 2019-2026, resulting in a projected value of USD 9.34 billion by 2026.
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Market Definition: Global Vehicle Inverters Market
Vehicle inverters are a type of converter that changes and helps in utilization of the energy for powering up the electrical appliances such as TV, laptop, power plugs. These inverters find major applications in RV, buses, trucks. With the innovations and modernization, even passenger vehicles come equipped with vehicle inverters, helping the driver and users to power their devices and use the power supply for recreational purposes. Applications of vehicle inverters are not limited to only powering the electronic devices and appliances, as they can power the lighting systems, windows and even audio systems.
- Growth in the adoption and sales of electric vehicles worldwide is expected to act as a driver for the market growth
- Complexities associated with the integration of vehicle inverters into powering of advanced appliances and applications and diminished usage of inverters for necessary energy sources is expected to restrain the market growth
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Segmentation: Global Vehicle Inverters Market
- By Propulsion Type
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- By Technology Type
- Insulated-Gate Bipolar Transistor (IGBT)
- Metal-oxide-semiconductor field-effect transistor (MOSFET)
- By Semiconductors Materials Type
- Gallium Nitride
- Silicon Carbide
- By Output Power
- Less than or equal to 130 KW
- Greater than 130 KW
- By Vehicle Type
- Passenger Cars
- Commercial Vehicles
Key Developments in the Market:
- In October 2018, Valeo Siemens eAutomotive; a joint venture of Valeo and Siemens announced the establishment and inauguration of their factory in Changshu, China. The factory capable of producing inverters as well as electric motors on their two production lines, the factory is planned to achieve three inverter lines and eight electric motor lines by 2023.
- In September 2018, Delphi Technologies announced the commercialization and full-scale production of their “Combined Inverter and DC/DC Converter (CIDD)” with the products being delivered to Geely.
Competitive Analysis: Global Vehicle Inverters Market
Global vehicle inverters market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vehicle inverters market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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