Europe 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
153
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Europe 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 Europe electric vehicle power inverter was valued at $ 4,389.4 million in 2021 and will grow by 14.9% annually over 2021-2031, 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 32 tables and 45 figures, this 112-page report “Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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: •Germany •UK •France •Spain •Italy •Netherlands •Rest of Europe (further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland) 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 Dynamics19 2.1 Market Size and Forecast19 2.1.1 Impact of COVID-19 on World Economy20 2.1.2 Impact of COVID-19 on the Market24 2.2 Major Growth Drivers26 2.3 Market Restraints and Challenges31 2.4 Emerging Opportunities and Market Trends34 2.5 Porter’s Fiver Forces Analysis38 3 Segmentation of Europe Market by Inverter Type42 3.1 Market Overview by Inverter Type42 3.2 Traction Inverter44 3.3 Soft-switching Inverter45 4 Segmentation of Europe Market by Integration Level46 4.1 Market Overview by Integration Level46 4.2 Integrated Inverter System48 4.3 Mechatronic Integration System49 4.4 Separate Inverter System50 5 Segmentation of Europe Market by Propulsion Type51 5.1 Market Overview by Propulsion Type51 5.2 Battery Electric Vehicles (BEVs)53 5.3 Hybrid Electric Vehicles (HEVs)54 5.4 Plug-in Hybrid Electric Vehicle (PHEVs)55 5.5 Fuel Cell Electric Vehicle (FCEVs)56 6 Segmentation of Europe Market by Vehicle Type57 6.1 Market Overview by Vehicle Type57 6.2 Passenger Cars59 6.3 Commercial Vehicles60 7 Segmentation of Europe Market by Distribution61 7.1 Market Overview by Distribution61 7.2 Aftermarket63 7.3 OEM64 8 European Market 2021-2031 by Country65 8.1 Overview of European Market65 8.2 Germany68 8.3 U.K.70 8.4 France72 8.5 Spain74 8.6 Italy76 8.7 Netherlands78 8.8 Rest of European Market80 9 Competitive Landscape82 9.1 Overview of Key Vendors82 9.2 New Product Launch, Partnership, Investment, and M&A85 9.3 Company Profiles86 Aptiv PLC (Borgwarner Inc.)86 Continental AG88 CWB Automotive Electronics Co., Ltd.89 DENSO Corporation90 Drive System Design LTD91 Eaton Corporation PLC92 Exalta Oxy Neuron93 Fraunhofer ISE94 Hangzhou Tonny Electric & Tools Co., Ltd.95 Hitachi Astemo Ltd96 Hyundai Mobis Co., Ltd.97 Infineon Technologies AG98 Jinan ACME Power Supply Co., Ltd.99 John Deere Electronic Solutions100 Lear Corporation101 LG Magna e-Powertrain102 Marelli Corporation103 Meidensha Corporation104 Mitsubishi Electric Corporation105 Robert Bosch GMBH106 Toyota Industries Corporation107 Valeo Group108 Vitesco Technologies109 Wenzhou Kangyu Electrical Co., Ltd.110 ZF Friedrichshafen AG111 RELATED REPORTS112List of Tables:
Table 1. Snapshot of Europe Electric Vehicle Power Inverter Market in Balanced Perspective, 2021-203117 Table 2. World Economic Outlook, 2021-203121 Table 3. World Economic Outlook, 2021-202322 Table 4. Main Product Trends and Market Opportunities in Europe Electric Vehicle Power Inverter Market34 Table 5. Europe Electric Vehicle Power Inverter Market by Inverter Type, 2021-2031, $ mn42 Table 6. Europe Electric Vehicle Power Inverter Market by Integration Level, 2021-2031, $ mn46 Table 7. Europe Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn51 Table 8. Europe Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn57 Table 9. Europe Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn61 Table 10. Europe Electric Vehicle Power Inverter Market by Country, 2021-2031, $ mn67 Table 11. Germany Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn69 Table 12. Germany Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn69 Table 13. Germany Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn69 Table 14. U.K. Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn71 Table 15. U.K. Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn71 Table 16. U.K. Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn71 Table 17. France Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn73 Table 18. France Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn73 Table 19. France Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn73 Table 20. Spain Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn75 Table 21. Spain Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn75 Table 22. Spain Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn75 Table 23. Italy Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn77 Table 24. Italy Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn77 Table 25. Italy Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn77 Table 26. Netherlands Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn79 Table 27. Netherlands Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn79 Table 28. Netherlands Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn79 Table 29. Electric Vehicle Power Inverter Market in Rest of Europe by Country, 2021-2031, $ mn81 Table 30. Aptiv PLC (Borgwarner Inc.): Company Snapshot86 Table 31. Aptiv PLC (Borgwarner Inc.): Business Segmentation87 Table 32. Aptiv PLC (Borgwarner Inc.): Product Portfolio87
Europe electric vehicle power inverter was valued at $ 4,389.4 million in 2021 and will grow by 14.9% annually over 2021-2031, 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 32 tables and 45 figures, this 112-page report “Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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: •Germany •UK •France •Spain •Italy •Netherlands •Rest of Europe (further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland) 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 Dynamics19 2.1 Market Size and Forecast19 2.1.1 Impact of COVID-19 on World Economy20 2.1.2 Impact of COVID-19 on the Market24 2.2 Major Growth Drivers26 2.3 Market Restraints and Challenges31 2.4 Emerging Opportunities and Market Trends34 2.5 Porter’s Fiver Forces Analysis38 3 Segmentation of Europe Market by Inverter Type42 3.1 Market Overview by Inverter Type42 3.2 Traction Inverter44 3.3 Soft-switching Inverter45 4 Segmentation of Europe Market by Integration Level46 4.1 Market Overview by Integration Level46 4.2 Integrated Inverter System48 4.3 Mechatronic Integration System49 4.4 Separate Inverter System50 5 Segmentation of Europe Market by Propulsion Type51 5.1 Market Overview by Propulsion Type51 5.2 Battery Electric Vehicles (BEVs)53 5.3 Hybrid Electric Vehicles (HEVs)54 5.4 Plug-in Hybrid Electric Vehicle (PHEVs)55 5.5 Fuel Cell Electric Vehicle (FCEVs)56 6 Segmentation of Europe Market by Vehicle Type57 6.1 Market Overview by Vehicle Type57 6.2 Passenger Cars59 6.3 Commercial Vehicles60 7 Segmentation of Europe Market by Distribution61 7.1 Market Overview by Distribution61 7.2 Aftermarket63 7.3 OEM64 8 European Market 2021-2031 by Country65 8.1 Overview of European Market65 8.2 Germany68 8.3 U.K.70 8.4 France72 8.5 Spain74 8.6 Italy76 8.7 Netherlands78 8.8 Rest of European Market80 9 Competitive Landscape82 9.1 Overview of Key Vendors82 9.2 New Product Launch, Partnership, Investment, and M&A85 9.3 Company Profiles86 Aptiv PLC (Borgwarner Inc.)86 Continental AG88 CWB Automotive Electronics Co., Ltd.89 DENSO Corporation90 Drive System Design LTD91 Eaton Corporation PLC92 Exalta Oxy Neuron93 Fraunhofer ISE94 Hangzhou Tonny Electric & Tools Co., Ltd.95 Hitachi Astemo Ltd96 Hyundai Mobis Co., Ltd.97 Infineon Technologies AG98 Jinan ACME Power Supply Co., Ltd.99 John Deere Electronic Solutions100 Lear Corporation101 LG Magna e-Powertrain102 Marelli Corporation103 Meidensha Corporation104 Mitsubishi Electric Corporation105 Robert Bosch GMBH106 Toyota Industries Corporation107 Valeo Group108 Vitesco Technologies109 Wenzhou Kangyu Electrical Co., Ltd.110 ZF Friedrichshafen AG111 RELATED REPORTS112List of Tables:
Table 1. Snapshot of Europe Electric Vehicle Power Inverter Market in Balanced Perspective, 2021-203117 Table 2. World Economic Outlook, 2021-203121 Table 3. World Economic Outlook, 2021-202322 Table 4. Main Product Trends and Market Opportunities in Europe Electric Vehicle Power Inverter Market34 Table 5. Europe Electric Vehicle Power Inverter Market by Inverter Type, 2021-2031, $ mn42 Table 6. Europe Electric Vehicle Power Inverter Market by Integration Level, 2021-2031, $ mn46 Table 7. Europe Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn51 Table 8. Europe Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn57 Table 9. Europe Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn61 Table 10. Europe Electric Vehicle Power Inverter Market by Country, 2021-2031, $ mn67 Table 11. Germany Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn69 Table 12. Germany Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn69 Table 13. Germany Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn69 Table 14. U.K. Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn71 Table 15. U.K. Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn71 Table 16. U.K. Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn71 Table 17. France Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn73 Table 18. France Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn73 Table 19. France Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn73 Table 20. Spain Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn75 Table 21. Spain Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn75 Table 22. Spain Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn75 Table 23. Italy Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn77 Table 24. Italy Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn77 Table 25. Italy Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn77 Table 26. Netherlands Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn79 Table 27. Netherlands Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn79 Table 28. Netherlands Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn79 Table 29. Electric Vehicle Power Inverter Market in Rest of Europe by Country, 2021-2031, $ mn81 Table 30. Aptiv PLC (Borgwarner Inc.): Company Snapshot86 Table 31. Aptiv PLC (Borgwarner Inc.): Business Segmentation87 Table 32. Aptiv PLC (Borgwarner Inc.): Product Portfolio87