April 24, 2024

Traction Inverter Market Size to Garner USD 73.08 Billion by 2032

The global Traction inverter market size was estimated to be around US$ 17.93 billion in 2022. It is projected to reach US$ 73.08 billion by 2032, indicating a CAGR of 16.90% from 2023 to 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.

The market research report on the Traction inverter market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of Traction inverter products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.

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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 Garner USD 16.66 Billion by 2032

The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.

Focusing on the global Traction inverter market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the Traction inverter market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.

Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of Traction inverter products across different countries and applications.

Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.

The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.

This in-depth research report offers valuable insights into the Traction inverter market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.

The competitive landscape section of the report provides detailed information on Traction inverter market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the Traction inverter market.

Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report

Reasons to Purchase this Report:

  • Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
  • In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
  • Market size in USD million and volume in million units provided for each segment and sub-segment.
  • Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
  • Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

Segments Covered in the Report

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

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

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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