The global traction inverter market was valued at US$ 15386.60 Million in 2022 and is expected to grow at 17.2% CAGR from 2022 to 2032. The global market for traction inverters is expected to reach US$ 75234.81 Million by 2032.In the automotive traction inverter market, additional factors are expected to influence the growth of this market. These include increased awareness among consumers, OEMs, and numerous suppliers due to stringent government regulations. This will further increase the adoption of automotive traction inverters on the global market.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Traction Inverter Market both at worldwide and provincial levels.
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Market Players: –
- BorgWarner Inc.
- Marelli
- Mitsubishi Electric Corporation
- Denso Corporation
- Continental AG
- Delphi Technologies
- Siemens AG
- TOSHIBA CORPORATION
- Hitachi, Ltd.
- Voith GMbh
- Infineon Technologies AG
- CURTISS-WRIGHT
- TM4 Inc.
- Prodrive Technologies
- Others
Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.
Competitive Landscape
There are several prominent manufacturers in the traction inverter market, including BorgWarner Inc., Delphi Technologies, Siemens AG, Mitsubishi Electric Corporation, ABB, and Toshiba Corporation. These manufacturers are keen on forming joint ventures with small-scale players around the world to build an international customer base and gain a larger market share.
A key focus of market players in the Traction Inverter Market is the development of advanced and efficient products. Furthermore, these players are also setting up manufacturing facilities in developing countries for traction inverters.
As a result, major companies are introducing new products to sustain their business in the traction inverter market, which enables them to grow their business in the global traction inverter market. Businesses can gain modest traction in the traction inverter market by offering new categories of traction inverters that target previously untapped customer markets.
Key Segments
- 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
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
How Fact.MR Assists in Making Strategic Moves?
The data provided in the Traction Inverter Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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