North America Electric Vehicle Power Inverter Market 2021-2031 by Inverter Type (Traction, Soft-switching), Integration Level (Integrated, Mechatronic, Separate), Propulsion Type (BEVs, HEVs, PHEVs, FCEVs), Vehicle Type (Passenger, Commercial), Distribution (Aftermarket, OEM), and Country: Trend Forecast and Growth Opportunity
August 31, 2022
Global Markets Direct
108
PDF
North America Electric Vehicle Power Inverter Market 2021-2031 by Inverter Type (Traction, Soft-switching), Integration Level (Integrated, Mechatronic, Separate), Propulsion Type (BEVs, HEVs, PHEVs, FCEVs), Vehicle Type (Passenger, Commercial), Distribution (Aftermarket, OEM), and Country: Trend Forecast and Growth Opportunity
Abstract North America electric vehicle power inverter is projected to grow by 15.5% annually in the forecast period and reach $12,414 million by 2031, driven by the increasing sales of electric vehicles, the growing incorporation of inverters operating in EVs, the growing government support, and the technological advancements in the field of power electronics. Highlighted with 22 tables and 41 figures, this 104-page report “North America Electric Vehicle Power Inverter Market 2021-2031 by Inverter Type (Traction, Soft-switching), Integration Level (Integrated, Mechatronic, Separate), Propulsion Type (BEVs, HEVs, PHEVs, FCEVs), Vehicle Type (Passenger, Commercial), Distribution (Aftermarket, OEM), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America electric vehicle power inverter market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects: •Market Structure •Growth Drivers •Restraints and Challenges •Emerging Product Trends & Market Opportunities •Porter’s Fiver Forces The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America electric vehicle power inverter market in every aspect of the classification from perspectives of Inverter Type, Integration Level, Propulsion Type, Vehicle Type, Distribution, and Country.
Based on Inverter Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. •Traction Inverter •Soft-switching Inverter
Based on Integration Level, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. •Integrated Inverter System •Mechatronic Integration System •Separate Inverter System
By Propulsion Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. •Battery Electric Vehicles (BEVs) •Hybrid Electric Vehicles (HEVs) •Plug-in Hybrid Electric Vehicle (PHEVs) •Fuel Cell Electric Vehicle (FCEVs)
By Vehicle Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. •Passenger Cars •Commercial Vehicles
By Distribution, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. •Aftermarket •OEM
Geographically, the following national/local markets are fully investigated: •U.S. •Canada •Mexico For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Propulsion Type, Vehicle Type and Distribution over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Selected Key Players: Aptiv PLC (Borgwarner Inc.) Continental AG CWB Automotive Electronics Co., Ltd. DENSO Corporation Drive System Design LTD Eaton Corporation PLC Exalta Oxy Neuron Fraunhofer ISE Hangzhou Tonny Electric & Tools Co., Ltd. Hitachi Astemo Ltd Hyundai Mobis Co., Ltd. Infineon Technologies AG Jinan ACME Power Supply Co., Ltd. John Deere Electronic Solutions Lear Corporation LG Magna e-Powertrain Marelli Corporation Meidensha Corporation Mitsubishi Electric Corporation Robert Bosch GMBH Toyota Industries Corporation Valeo Group Vitesco Technologies Wenzhou Kangyu Electrical Co., Ltd. ZF Friedrichshafen AG (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Content Table of Contents
1 Introduction7 1.1 Industry Definition and Research Scope7 1.1.1 Industry Definition7 1.1.2 Research Scope8 1.2 Research Methodology11 1.2.1 Overview of Market Research Methodology11 1.2.2 Market Assumption12 1.2.3 Secondary Data12 1.2.4 Primary Data12 1.2.5 Data Filtration and Model Design13 1.2.6 Market Size/Share Estimation14 1.2.7 Research Limitations15 1.3 Executive Summary16 2 Market Overview and Dynamics18 2.1 Market Size and Forecast18 2.1.1 Impact of COVID-19 on World Economy19 2.1.2 Impact of COVID-19 on the Market23 2.2 Major Growth Drivers25 2.3 Market Restraints and Challenges30 2.4 Emerging Opportunities and Market Trends33 2.5 Porter’s Fiver Forces Analysis37 3 Segmentation of North America Market by Inverter Type41 3.1 Market Overview by Inverter Type41 3.2 Traction Inverter43 3.3 Soft-switching Inverter44 4 Segmentation of North America Market by Integration Level45 4.1 Market Overview by Integration Level45 4.2 Integrated Inverter System47 4.3 Mechatronic Integration System48 4.4 Separate Inverter System49 5 Segmentation of North America Market by Propulsion Type50 5.1 Market Overview by Propulsion Type50 5.2 Battery Electric Vehicles (BEVs)52 5.3 Hybrid Electric Vehicles (HEVs)53 5.4 Plug-in Hybrid Electric Vehicle (PHEVs)54 5.5 Fuel Cell Electric Vehicle (FCEVs)55 6 Segmentation of North America Market by Vehicle Type56 6.1 Market Overview by Vehicle Type56 6.2 Passenger Cars58 6.3 Commercial Vehicles59 7 Segmentation of North America Market by Distribution60 7.1 Market Overview by Distribution60 7.2 Aftermarket62 7.3 OEM63 8 North America Market 2021-2031 by Country64 8.1 Overview of North America Market64 8.2 U.S.67 8.3 Canada70 8.4 Mexico72 9 Competitive Landscape74 9.1 Overview of Key Vendors74 9.2 New Product Launch, Partnership, Investment, and M&A77 9.3 Company Profiles78 Aptiv PLC (Borgwarner Inc.)78 Continental AG80 CWB Automotive Electronics Co., Ltd.81 DENSO Corporation82 Drive System Design LTD83 Eaton Corporation PLC84 Exalta Oxy Neuron85 Fraunhofer ISE86 Hangzhou Tonny Electric & Tools Co., Ltd.87 Hitachi Astemo Ltd88 Hyundai Mobis Co., Ltd.89 Infineon Technologies AG90 Jinan ACME Power Supply Co., Ltd.91 John Deere Electronic Solutions92 Lear Corporation93 LG Magna e-Powertrain94 Marelli Corporation95 Meidensha Corporation96 Mitsubishi Electric Corporation97 Robert Bosch GMBH98 Toyota Industries Corporation99 Valeo Group100 Vitesco Technologies101 Wenzhou Kangyu Electrical Co., Ltd.102 ZF Friedrichshafen AG103 RELATED REPORTS104List of Tables:
Table 1. Snapshot of North America Electric Vehicle Power Inverter Market in Balanced Perspective, 2021-203117 Table 2. World Economic Outlook, 2021-203120 Table 3. World Economic Outlook, 2021-202321 Table 4. Main Product Trends and Market Opportunities in North America Electric Vehicle Power Inverter Market33 Table 5. North America Electric Vehicle Power Inverter Market by Inverter Type, 2021-2031, $ mn41 Table 6. North America Electric Vehicle Power Inverter Market by Integration Level, 2021-2031, $ mn45 Table 7. North America Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn50 Table 8. North America Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn56 Table 9. North America Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn60 Table 10. North America Electric Vehicle Power Inverter Market by Country, 2021-2031, $ mn65 Table 11. U.S. Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn69 Table 12. U.S. Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn69 Table 13. U.S. Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn69 Table 14. Canada Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn71 Table 15. Canada Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn71 Table 16. Canada Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn71 Table 17. Mexico Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn73 Table 18. Mexico Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn73 Table 19. Mexico Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn73 Table 20. Aptiv PLC (Borgwarner Inc.): Company Snapshot78 Table 21. Aptiv PLC (Borgwarner Inc.): Business Segmentation79 Table 22. Aptiv PLC (Borgwarner Inc.): Product Portfolio79
North America electric vehicle power inverter is projected to grow by 15.5% annually in the forecast period and reach $12,414 million by 2031, driven by the increasing sales of electric vehicles, the growing incorporation of inverters operating in EVs, the growing government support, and the technological advancements in the field of power electronics. Highlighted with 22 tables and 41 figures, this 104-page report “North America Electric Vehicle Power Inverter Market 2021-2031 by Inverter Type (Traction, Soft-switching), Integration Level (Integrated, Mechatronic, Separate), Propulsion Type (BEVs, HEVs, PHEVs, FCEVs), Vehicle Type (Passenger, Commercial), Distribution (Aftermarket, OEM), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America electric vehicle power inverter market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects: •Market Structure •Growth Drivers •Restraints and Challenges •Emerging Product Trends & Market Opportunities •Porter’s Fiver Forces The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America electric vehicle power inverter market in every aspect of the classification from perspectives of Inverter Type, Integration Level, Propulsion Type, Vehicle Type, Distribution, and Country.
Based on Inverter Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. •Traction Inverter •Soft-switching Inverter
Based on Integration Level, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. •Integrated Inverter System •Mechatronic Integration System •Separate Inverter System
By Propulsion Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. •Battery Electric Vehicles (BEVs) •Hybrid Electric Vehicles (HEVs) •Plug-in Hybrid Electric Vehicle (PHEVs) •Fuel Cell Electric Vehicle (FCEVs)
By Vehicle Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. •Passenger Cars •Commercial Vehicles
By Distribution, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. •Aftermarket •OEM
Geographically, the following national/local markets are fully investigated: •U.S. •Canada •Mexico For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Propulsion Type, Vehicle Type and Distribution over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Selected Key Players: Aptiv PLC (Borgwarner Inc.) Continental AG CWB Automotive Electronics Co., Ltd. DENSO Corporation Drive System Design LTD Eaton Corporation PLC Exalta Oxy Neuron Fraunhofer ISE Hangzhou Tonny Electric & Tools Co., Ltd. Hitachi Astemo Ltd Hyundai Mobis Co., Ltd. Infineon Technologies AG Jinan ACME Power Supply Co., Ltd. John Deere Electronic Solutions Lear Corporation LG Magna e-Powertrain Marelli Corporation Meidensha Corporation Mitsubishi Electric Corporation Robert Bosch GMBH Toyota Industries Corporation Valeo Group Vitesco Technologies Wenzhou Kangyu Electrical Co., Ltd. ZF Friedrichshafen AG (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Table of Contents
1 Introduction7 1.1 Industry Definition and Research Scope7 1.1.1 Industry Definition7 1.1.2 Research Scope8 1.2 Research Methodology11 1.2.1 Overview of Market Research Methodology11 1.2.2 Market Assumption12 1.2.3 Secondary Data12 1.2.4 Primary Data12 1.2.5 Data Filtration and Model Design13 1.2.6 Market Size/Share Estimation14 1.2.7 Research Limitations15 1.3 Executive Summary16 2 Market Overview and Dynamics18 2.1 Market Size and Forecast18 2.1.1 Impact of COVID-19 on World Economy19 2.1.2 Impact of COVID-19 on the Market23 2.2 Major Growth Drivers25 2.3 Market Restraints and Challenges30 2.4 Emerging Opportunities and Market Trends33 2.5 Porter’s Fiver Forces Analysis37 3 Segmentation of North America Market by Inverter Type41 3.1 Market Overview by Inverter Type41 3.2 Traction Inverter43 3.3 Soft-switching Inverter44 4 Segmentation of North America Market by Integration Level45 4.1 Market Overview by Integration Level45 4.2 Integrated Inverter System47 4.3 Mechatronic Integration System48 4.4 Separate Inverter System49 5 Segmentation of North America Market by Propulsion Type50 5.1 Market Overview by Propulsion Type50 5.2 Battery Electric Vehicles (BEVs)52 5.3 Hybrid Electric Vehicles (HEVs)53 5.4 Plug-in Hybrid Electric Vehicle (PHEVs)54 5.5 Fuel Cell Electric Vehicle (FCEVs)55 6 Segmentation of North America Market by Vehicle Type56 6.1 Market Overview by Vehicle Type56 6.2 Passenger Cars58 6.3 Commercial Vehicles59 7 Segmentation of North America Market by Distribution60 7.1 Market Overview by Distribution60 7.2 Aftermarket62 7.3 OEM63 8 North America Market 2021-2031 by Country64 8.1 Overview of North America Market64 8.2 U.S.67 8.3 Canada70 8.4 Mexico72 9 Competitive Landscape74 9.1 Overview of Key Vendors74 9.2 New Product Launch, Partnership, Investment, and M&A77 9.3 Company Profiles78 Aptiv PLC (Borgwarner Inc.)78 Continental AG80 CWB Automotive Electronics Co., Ltd.81 DENSO Corporation82 Drive System Design LTD83 Eaton Corporation PLC84 Exalta Oxy Neuron85 Fraunhofer ISE86 Hangzhou Tonny Electric & Tools Co., Ltd.87 Hitachi Astemo Ltd88 Hyundai Mobis Co., Ltd.89 Infineon Technologies AG90 Jinan ACME Power Supply Co., Ltd.91 John Deere Electronic Solutions92 Lear Corporation93 LG Magna e-Powertrain94 Marelli Corporation95 Meidensha Corporation96 Mitsubishi Electric Corporation97 Robert Bosch GMBH98 Toyota Industries Corporation99 Valeo Group100 Vitesco Technologies101 Wenzhou Kangyu Electrical Co., Ltd.102 ZF Friedrichshafen AG103 RELATED REPORTS104List of Tables:
Table 1. Snapshot of North America Electric Vehicle Power Inverter Market in Balanced Perspective, 2021-203117 Table 2. World Economic Outlook, 2021-203120 Table 3. World Economic Outlook, 2021-202321 Table 4. Main Product Trends and Market Opportunities in North America Electric Vehicle Power Inverter Market33 Table 5. North America Electric Vehicle Power Inverter Market by Inverter Type, 2021-2031, $ mn41 Table 6. North America Electric Vehicle Power Inverter Market by Integration Level, 2021-2031, $ mn45 Table 7. North America Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn50 Table 8. North America Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn56 Table 9. North America Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn60 Table 10. North America Electric Vehicle Power Inverter Market by Country, 2021-2031, $ mn65 Table 11. U.S. Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn69 Table 12. U.S. Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn69 Table 13. U.S. Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn69 Table 14. Canada Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn71 Table 15. Canada Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn71 Table 16. Canada Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn71 Table 17. Mexico Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn73 Table 18. Mexico Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn73 Table 19. Mexico Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn73 Table 20. Aptiv PLC (Borgwarner Inc.): Company Snapshot78 Table 21. Aptiv PLC (Borgwarner Inc.): Business Segmentation79 Table 22. Aptiv PLC (Borgwarner Inc.): Product Portfolio79