April 16, 2024

Traction Inverter Market Size To Rake USD 73.08 Bn By 2032

The traction inverter market size is poised to grow by USD 73.08 billion by 2032 from USD 17.93 billion in 2023, exhibiting a CAGR of 16.90% during the forecast period 2023-2032. 

Traction Inverter Market Size 2023 To 2032

Key Takeaways

  • North America contributed more than 44% of revenue share in 2022.
  • Asia-Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
  • By propulsion, the BEV segment has held the largest market share of 44% in 2022.
  • By propulsion, the PHEV segment is anticipated to grow at a remarkable CAGR of 17.2% between 2023 and 2032.
  • By voltage, the 200 to 900V segment generated over 38% of revenue share in 2022.
  • By voltage, the 900V and above segment is expected to expand at the fastest CAGR over the projected period.
  • By technology, the MOSFET segment generated over 46% of revenue share in 2022.
  • By technology, the IGBT segment is expected to expand at the fastest CAGR over the projected period.
  • By vehicle, the commercial Vehicles segment generated over 42% of revenue share in 2022.
  • By vehicle, the passenger cars segment is expected to expand at the fastest CAGR over the projected period.

Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Traction inverter market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.

To begin with, the Traction inverter Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.

Get a Sample Reporthttps://www.precedenceresearch.com/sample/3579

Traction Inverter Market Scope

Report Coverage Details
Growth Rate from 2023 to 2032 CAGR of 16.90%
Market Size in 2023 USD 17.93 Billion
Market Size by 2032 USD 73.08 Billion
Largest Market North America
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Propulsion, By Voltage, By Technology, and By Vehicle
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: Styrene Butadiene Latex Market Size To Gain USD 16.66 Bn by 2032

The empirical study on the global Traction inverter market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Traction inverter Market. Our market report for the Traction inverter market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.

Traction Inverter Market Players

  • Siemens AG
  • Infineon Technologies AG
  • Continental AG
  • Robert Bosch GmbH
  • Delphi Technologies
  • Hitachi Automotive Systems
  • Mitsubishi Electric Corporation
  • Toshiba Corporation
  • Fuji Electric Co., Ltd.
  • ABB Ltd
  • Dana Incorporated
  • Lear Corporation
  • Texas Instruments Incorporated
  • STMicroelectronics
  • ON Semiconductor

Data Sources and Methodology

To gather comprehensive insights on the Global Traction inverter Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.

We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Traction inverter Market.

The most resonating, simple, genuine, and important causes because of which you must decide to buy the Traction inverter market report exclusively from precedence research

  • The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.

Key Features of the Report:

  • Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
  • Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
  • Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.

Market Segmentation:

By Propulsion

  • BEV
  • HEV
  • PHEV
  • Others

By Voltage

  • Up to 200V
  • 200 to 900V
  • 900V and above

By Technology

  • IGBT
  • MOSFET
  • Others

By Vehicle

  • Passenger Cars
  • Commercial Vehicles
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Reasons to Consider Purchasing the Report:

  • Enhance your market research capabilities by accessing this comprehensive and precise report on the global Traction inverter market.
  • Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
  • Benefit from in-depth research and analysis of the latest trends shaping the global Traction inverter market.
  • Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Traction inverter market.
  • Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
  • Discover not only the cutting-edge technological advancements in the global Traction inverter market but also the strategic plans of industry leaders.

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Traction Inverter Market 

5.1. COVID-19 Landscape: Traction Inverter Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Traction Inverter Market, By Propulsion

8.1. Traction Inverter Market Revenue and Volume Forecast, by Propulsion, 2023-2032

8.1.1. BEV

8.1.1.1. Market Revenue and Volume Forecast (2020-2032)

8.1.2. HEV

8.1.2.1. Market Revenue and Volume Forecast (2020-2032)

8.1.3. PHEV

8.1.3.1. Market Revenue and Volume Forecast (2020-2032)

8.1.4. Others

8.1.4.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 9. Global Traction Inverter Market, By Voltage

9.1. Traction Inverter Market Revenue and Volume Forecast, by Voltage, 2023-2032

9.1.1. Up to 200V

9.1.1.1. Market Revenue and Volume Forecast (2020-2032)

9.1.2. 200 to 900V

9.1.2.1. Market Revenue and Volume Forecast (2020-2032)

9.1.3. 900V and above

9.1.3.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 10. Global Traction Inverter Market, By Technology 

10.1. Traction Inverter Market Revenue and Volume Forecast, by Technology, 2023-2032

10.1.1. IGBT

10.1.1.1. Market Revenue and Volume Forecast (2020-2032)

10.1.2. MOSFET

10.1.2.1. Market Revenue and Volume Forecast (2020-2032)

10.1.3. Others

10.1.3.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 11. Global Traction Inverter Market, By Vehicle 

11.1. Traction Inverter Market Revenue and Volume Forecast, by Vehicle, 2023-2032

11.1.1. Passenger Cars

11.1.1.1. Market Revenue and Volume Forecast (2020-2032)

11.1.2. Commercial Vehicles

11.1.2.1. Market Revenue and Volume Forecast (2020-2032)

11.1.3. Others

11.1.3.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 12. Global Traction Inverter Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.1.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.1.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.1.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.1.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.1.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.1.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.1.6.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.1.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.1.6.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.2.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.2.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.2.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.2.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.2.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.2.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.2.6.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.2.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.2.6.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.2.7.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.2.7.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.2.7.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.2.8.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.2.8.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.2.8.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.3.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.3.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.3.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.3.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.3.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.3.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.3.6.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.3.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.3.6.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.3.7.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.3.7.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.3.7.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.3.8.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.3.8.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.3.8.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.4.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.4.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.4.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.4.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.4.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.4.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.4.6.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.4.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.4.6.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.4.7.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.4.7.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.4.7.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.4.8.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.4.8.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.4.8.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.5.5.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.5.5.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.5.5.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Propulsion (2020-2032)

12.5.6.2. Market Revenue and Volume Forecast, by Voltage (2020-2032)

12.5.6.3. Market Revenue and Volume Forecast, by Technology (2020-2032)

12.5.6.4. Market Revenue and Volume Forecast, by Vehicle (2020-2032)

Chapter 13. Company Profiles

13.1. Siemens AG

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Infineon Technologies AG

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Continental AG

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Robert Bosch GmbH

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Delphi Technologies

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Hitachi Automotive Systems

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Mitsubishi Electric Corporation

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Toshiba Corporation

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Fuji Electric Co., Ltd.

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. ABB Ltd

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

Unlocking Market Insights through Data Excellence

The “Precedence Statistics” flexible dashboard is a powerful tool that offers real-time news updates, economic and market forecasts, and customizable reports. It can be configured to support a wide range of analysis styles and strategic planning needs. This tool empowers users to stay informed and make data-driven decisions in various scenarios, making it a valuable asset for businesses and professionals looking to stay ahead in today’s dynamic and data-driven world.

Access our Premium Real Time Data Intelligence Tool, Visit: www.precedencestatistics.com

Precedence Statistics – Empowering Your Data Insights

Contact Us

Precedence Research

Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada

Call: +1 9197 992 333

Emailsales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Leave a Reply

Your email address will not be published. Required fields are marked *