Dublin, Oct. 24, 2022 (GLOBE NEWSWIRE) -- The "Traction Inverter Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Propulsion, Voltage, Technology, Vehicle" report has been added to ResearchAndMarkets.com's offering.
The Traction Inverter Market is expected to grow from US$ 13,128.48 million in 2021 to US$ 39,140.79 million by 2028. It is estimated to grow at a CAGR of 17.2% from 2022 to 2028.
The traction inverter is located between the high voltage system battery and the electric motor in the high voltage electrical system of a car, truck, or bus. The motor is driven by converting the DC power from the HV system into three AC output phases. A vital part of an EV, the inverter and motor work together to determine the dynamics, performance, and driving experience.
The effectiveness of the motor and traction under all driving conditions, including acceleration, steady state, and energy recovery into the battery through regenerative braking, directly affects a vehicle's range. Power integrations provide gate drivers and power supply ICs for the automotive-qualified traction inverter, which increases efficiency while reducing cost and space requirements and ensuring functional safety. Packages meet the most recent criteria for vehicles upgrading to 800 V designs with reinforced isolation and longer creepage distance.
One of the main causes that present an opportunity for industry growth is the notable increase in the demand for electric and hybrid electric vehicles worldwide. Due to the rise in demand for higher levels of integration and increased power density across electric vehicles, automotive manufacturers and suppliers are increasing their production. Accordingly, the automotive traction inverter market is expected to increase due to the rising demand for lithium-ion batteries. The majority of the plug-in hybrids and electric vehicles make use of lithium-ion batteries. The production of automotive lithium-ion batteries increased by 33% in 2020.
Additionally, several technical developments, like the WBG devices, primarily SiC and GaN, boost market expansion. The Si-IGBT is preferably used across the automotive industry owing to its affordability, efficiency, and short circuit capacity. In addition, the stringent regulatory reforms backed by the government and market players present lucrative opportunities for increasing demand for traction inverters with regard to rising electric car production. The automotive traction inverter market is expected to evolve with additional factors, such as rising awareness among the consumers, OEMs, and numerous suppliers brought by stringent government laws, which will further encourage the adoption of the automotive traction inverters in the global market.
The traction inverter market is segmented into propulsion type, vehicle type, voltage type, technology type, and geography. Based on propulsion type, the automotive traction inverter market is segmented into BEV, HEV, PHEV, and others. Based on voltage type, the automotive traction inverter market is segmented into up to 200V, 200 to 900V, and 900V and others. Based on technology type, the automotive traction inverter market is segmented into IGBT, MOSFET, and others. Based on vehicle type, the automotive traction inverter market is segmented into passenger cars, commercial vehicles, and others. The market is divided into five regions- North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
The key companies operating in the field of traction inverter market that are profiled in the report include BorgWarner Inc., Delphi Technologies, Siemens AG, Mitsubishi Electric Corporation, Toshiba Corporation, Hitachi Ltd., Voith GmBH, Infineon Technologies AG, Denso, and Continental AG
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Traction Inverter Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Traction Inverter Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand of Electric and Hybrid Electric Vehicles
5.1.2 High demand for lithium-ion battery
5.2 Market Restraints
5.2.1 Global shortage of semiconductors and chips
5.3 Market Opportunities
5.3.1 Government and market players initiatives to booster the market growth
5.4 Future Trends
5.4.1 Adoption of Advanced Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Traction Inverter Market- Global Market Analysis
6.1 Traction Inverter Market Global Overview
6.2 Global Traction Inverter Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Traction Inverter Market Revenue and Forecast to 2028 - Propulsion type
7.1 Overview
7.2 Traction Inverter Market, By Propulsion type (2021 And 2028)
7.3 BEV
7.3.1 Overview
7.3.2 BEV: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)
7.4 HEV
7.4.1 Overview
7.4.2 HEV: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)
7.5 PHEV
7.5.1 Overview
7.5.2 PHEV: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)
8. Traction Inverter Market Revenue and Forecast to 2028 - Voltage type
8.1 Overview
8.2 Traction Inverter Market, By Voltage type (2021 And 2028)
8.3 Up to 200V
8.3.1 Overview
8.3.2 Up to 200V: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)
8.4 to 900V
8.4.1 Overview
8.4.2 to 900V: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)
8.5V and above
8.5.1 Overview
8.5.2V and above: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)
9. Traction Inverter Market Revenue and Forecast to 2028 - Technology type
9.1 Overview
9.2 Traction Inverter Market, By Technology type (2021 And 2028)
9.3 IGBT
9.3.1 Overview
9.3.2 IGBT: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)
9.4 MOSFET
9.4.1 Overview
9.4.2 MOSFET: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Traction Inverter Market - Revenue and Forecast to 2028 (US$ Million)
10. Traction Inverter Market - By Vehicle Type
10.1 Overview
10.2 Traction Inverter Market, by Vehicle Type (2021 and 2028)
10.3 Passenger Cars
10.3.1 Overview
10.3.2 Passenger Cars: Traction Inverter Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Commercial Vehicles
10.4.1 Overview
10.4.2 Commercial Vehicles: Traction Inverter Market - Revenue and Forecast to 2028 (US$ Million)
10.5 Others
10.5.1 Overview
10.5.2 Others: Traction Inverter Market - Revenue and Forecast to 2028 (US$ Million)
11. Traction Inverter Market- Geographic Analysis
12. Impact of COVID-19 Pandemic on Traction Inverter Market
12.1 Overview
12.2 North America: Impact Assessment of COVID-19 Pandemic
12.3 Europe: Impact Assessment of COVID-19 Pandemic
12.4 APAC: Impact Assessment of COVID-19 Pandemic
12.5 MEA: Impact Assessment of COVID-19 Pandemic
12.6 SAM: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Merger and Acquisition
14. Company Profile
14.1 BorgWarner Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Continental AG
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Delphi Technologies Plc
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Hitachi, Ltd.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Mitsubishi Electric Corporation
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Siemens AG
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Toshiba Corporation
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Voith GmbH & Co. KGaA
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Curtiss-Wright Industrial Group
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Dana TM4
14.10.1 Business Description
14.10.2 Products and Services
14.10.3 Financial Overview
14.10.4 SWOT Analysis
14.10.5 Key Developments
15. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/4cqbee
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