About Electric Vehicle Main Inverter
Electric Vehicle Main Inverter converts direct current to alternating current in an electric vehicle by storing the input energy temporarily and then releasing that energy to the output at a different voltage. It provides power in the range of 80 to 200+ kW to the traction motor. It uses power transistors as switches to examine DC electricity. In addition, the inverter is controlled by an integrated PCB designed to minimize switching losses and maximize thermal efficiency, offer high-power density for small size and low weight, and functional safety for protecting vehicle operators and systems. Electric Vehicle Main Inverter is expected to grow at a significant rate due to rising demand for electric vehicles and immense support from government bodies.
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Key market players are engaged in extensive product development and product launch to fulfill growing demands for electric vehicles. Additionally, strategic initiatives to expand business capabilities and customer reach to cater to innovative business prospects are predominantly driving the competition in the market. Hitachi Asmeto Ltd, Nissan Motors Co. Ltd., and Lear are some of the major players adopting strategic moves to increase their competitive edge. Analyst at AMA Research estimates that Japanese Manufacturers will contribute the maximum growth to Global Electric Vehicle Main Inverter market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hitachi Astemo, Ltd. (Japan), Lear (United States), Nissan Motors Co. Ltd. (Japan), Aptiv (Ireland), CWB Automotive Electronics Co. Ltd. (China), DENSO Corporation (Japan), Mitsubishi Electric Corporation (Japan), Tesla, Inc. (United States), Valeo - Valeo-Siemens eAutomotive (Germany) and Toyota Industries Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Byd Company Ltd. (China), Continental AG (Germany), Marelli Holdings Co. Ltd. (United States) and Robert Bosch GmBH (Germany).
AMA Research has segmented the market of Global Electric Vehicle Main Inverter market by and Region.
On the basis of geography, the market of Electric Vehicle Main Inverter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Level of Integration, the sub-segment i.e. Integrated Inverter System will boost the Electric Vehicle Main Inverter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Propulsion Type , the sub-segment i.e. Hybrid Electric Vehicle will boost the Electric Vehicle Main Inverter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. OEM will boost the Electric Vehicle Main Inverter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. Passenger Vehicle will boost the Electric Vehicle Main Inverter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Inverter Type, the sub-segment i.e. Traction Inverter will boost the Electric Vehicle Main Inverter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Increasing Sales of BEV and PHEV in the Automotive Industry
Market Growth Drivers:
Increased Adoption of Environmentally Sustainable Vehicles, Growing Demand for Low-Emission and Fuel-Efficient Vehicle and Strategic Government Initiatives and Increased Expenditure on Electric Vehicles
Huge Disparity between the Voltage of the Control Electronics and Power Electronics and Challenges Related to Limited Range
Lack of Advanced Infrastructure for EV Manufacturing
Increasing Demand for Sustainable Energy for Electric Vehicle
Market Leaders and their expansionary development strategies
On 31st October 2022, Hitachi Astemo, Ltd. expanded its electrification business by providing inverters ad motors to JATCO Ltd. that would further supply e-Axles to Nissan’s future e-POWER and battery electric vehicles. JATCO Ltd focuses on the development and mass manufacture of transmissions.
On 26th April 2022, DENSO Corporation and United Semiconductor Japan Co. Ltd. announced a collaboration to manufacture power semiconductors at USLC’s 300mm fab in order to serve the growing demand in the automotive market. Insulated gate bipolar transistors (IGBT) are efficient power switches in inverters used in electric vehicle motors.
Key Target AudienceElectric Vehicle Manufacturers, Raw Material Suppliers and Distributors, Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.