North America Electric Vehicle Power Inverter Market 2022-2031 by Inverter Type (Traction, Soft-switching), Integration Level (Integrated, Mechatronic, Separate), Propulsion Type (BEVs, HEVs, PHEVs, FCEVs), Vehicle Type (Passenger, Commercial), Distribution (Aftermarket, OEM), and Country: Trend Forecast and Growth Opportunity
- Report ID: 43686
- Date: Sep, 2022
- Pages: 104
- Category: Automotive & Transportation
North America electric vehicle power inverter is projected to grow by 15.5% annually in the forecast period and reach $12,414 million by 2031, driven by the increasing sales of electric vehicles, the growing incorporation of inverters operating in EVs, the growing government support, and the technological advancements in the field of power electronics.
Highlighted with 22 tables and 41 figures, this 104-page report “North America Electric Vehicle Power Inverter Market 2021-2031 by Inverter Type (Traction, Soft-switching), Integration Level (Integrated, Mechatronic, Separate), Propulsion Type (BEVs, HEVs, PHEVs, FCEVs), Vehicle Type (Passenger, Commercial), Distribution (Aftermarket, OEM), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America electric vehicle power inverter market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America electric vehicle power inverter market in every aspect of the classification from perspectives of Inverter Type, Integration Level, Propulsion Type, Vehicle Type, Distribution, and Country.
Based on Inverter Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Traction Inverter
• Soft-switching Inverter
Based on Integration Level, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Integrated Inverter System
• Mechatronic Integration System
• Separate Inverter System
By Propulsion Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Battery Electric Vehicles (BEVs)
• Hybrid Electric Vehicles (HEVs)
• Plug-in Hybrid Electric Vehicle (PHEVs)
• Fuel Cell Electric Vehicle (FCEVs)
By Vehicle Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Passenger Cars
• Commercial Vehicles
By Distribution, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Aftermarket
• OEM
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Propulsion Type, Vehicle Type and Distribution over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Aptiv PLC (Borgwarner Inc.)
Continental AG
CWB Automotive Electronics Co., Ltd.
DENSO Corporation
Drive System Design LTD
Eaton Corporation PLC
Exalta Oxy Neuron
Fraunhofer ISE
Hangzhou Tonny Electric & Tools Co., Ltd.
Hitachi Astemo Ltd
Hyundai Mobis Co., Ltd.
Infineon Technologies AG
Jinan ACME Power Supply Co., Ltd.
John Deere Electronic Solutions
Lear Corporation
LG Magna e-Powertrain
Marelli Corporation
Meidensha Corporation
Mitsubishi Electric Corporation
Robert Bosch GMBH
Toyota Industries Corporation
Valeo Group
Vitesco Technologies
Wenzhou Kangyu Electrical Co., Ltd.
ZF Friedrichshafen AG
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Reasons to Purchase
• The most thorough study on this industry, encompassing 12 regions, will provide you a genuinely worldwide view.
• Recognize the impact of the coronavirus on the market and how it is expected to change and expand as the virus's effects fade.
• Develop national and regional plans based on research and analysis conducted locally.
• Find investment opportunities in growing segments.
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• Recognize consumer needs based on recent market research results.
• Performance comparisons with significant rivals.
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• Appropriate for using high-quality, trustworthy data and analysis to support your internal and external presentations.
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 18
2.1 Market Size and Forecast 18
2.1.1 Impact of COVID-19 on World Economy 19
2.1.2 Impact of COVID-19 on the Market 23
2.2 Major Growth Drivers 25
2.3 Market Restraints and Challenges 30
2.4 Emerging Opportunities and Market Trends 33
2.5 Porter’s Fiver Forces Analysis 37
3 Segmentation of North America Market by Inverter Type 41
3.1 Market Overview by Inverter Type 41
3.2 Traction Inverter 43
3.3 Soft-switching Inverter 44
4 Segmentation of North America Market by Integration Level 45
4.1 Market Overview by Integration Level 45
4.2 Integrated Inverter System 47
4.3 Mechatronic Integration System 48
4.4 Separate Inverter System 49
5 Segmentation of North America Market by Propulsion Type 50
5.1 Market Overview by Propulsion Type 50
5.2 Battery Electric Vehicles (BEVs) 52
5.3 Hybrid Electric Vehicles (HEVs) 53
5.4 Plug-in Hybrid Electric Vehicle (PHEVs) 54
5.5 Fuel Cell Electric Vehicle (FCEVs) 55
6 Segmentation of North America Market by Vehicle Type 56
6.1 Market Overview by Vehicle Type 56
6.2 Passenger Cars 58
6.3 Commercial Vehicles 59
7 Segmentation of North America Market by Distribution 60
7.1 Market Overview by Distribution 60
7.2 Aftermarket 62
7.3 OEM 63
8 North America Market 2021-2031 by Country 64
8.1 Overview of North America Market 64
8.2 U.S. 67
8.3 Canada 70
8.4 Mexico 72
9 Competitive Landscape 74
9.1 Overview of Key Vendors 74
9.2 New Product Launch, Partnership, Investment, and M&A 77
9.3 Company Profiles 78
Aptiv PLC (Borgwarner Inc.) 78
Continental AG 80
CWB Automotive Electronics Co., Ltd. 81
DENSO Corporation 82
Drive System Design LTD 83
Eaton Corporation PLC 84
Exalta Oxy Neuron 85
Fraunhofer ISE 86
Hangzhou Tonny Electric & Tools Co., Ltd. 87
Hitachi Astemo Ltd 88
Hyundai Mobis Co., Ltd. 89
Infineon Technologies AG 90
Jinan ACME Power Supply Co., Ltd. 91
John Deere Electronic Solutions 92
Lear Corporation 93
LG Magna e-Powertrain 94
Marelli Corporation 95
Meidensha Corporation 96
Mitsubishi Electric Corporation 97
Robert Bosch GMBH 98
Toyota Industries Corporation 99
Valeo Group 100
Vitesco Technologies 101
Wenzhou Kangyu Electrical Co., Ltd. 102
ZF Friedrichshafen AG 103
RELATED REPORTS 104
List of Tables
List of Tables:
Table 1. Snapshot of North America Electric Vehicle Power Inverter Market in Balanced Perspective, 2021-2031 17
Table 2. World Economic Outlook, 2021-2031 20
Table 3. World Economic Outlook, 2021-2023 21
Table 4. Main Product Trends and Market Opportunities in North America Electric Vehicle Power Inverter Market 33
Table 5. North America Electric Vehicle Power Inverter Market by Inverter Type, 2021-2031, $ mn 41
Table 6. North America Electric Vehicle Power Inverter Market by Integration Level, 2021-2031, $ mn 45
Table 7. North America Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn 50
Table 8. North America Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn 56
Table 9. North America Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn 60
Table 10. North America Electric Vehicle Power Inverter Market by Country, 2021-2031, $ mn 65
Table 11. U.S. Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn 69
Table 12. U.S. Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn 69
Table 13. U.S. Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn 69
Table 14. Canada Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn 71
Table 15. Canada Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn 71
Table 16. Canada Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn 71
Table 17. Mexico Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn 73
Table 18. Mexico Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn 73
Table 19. Mexico Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn 73
Table 20. Aptiv PLC (Borgwarner Inc.): Company Snapshot 78
Table 21. Aptiv PLC (Borgwarner Inc.): Business Segmentation 79
Table 22. Aptiv PLC (Borgwarner Inc.): Product Portfolio 79
List of Figures
List of Figures:
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 16
Figure 4. North America Electric Vehicle Power Inverter Market, 2021-2031, $ mn 18
Figure 5. Impact of COVID-19 on Business 23
Figure 6. Primary Drivers and Impact Factors of North America Electric Vehicle Power Inverter Market 25
Figure 7. World Electric Vehicle Market, 2019-2030, $ bn 28
Figure 8. Share of GHG Emissions Covered by Countries That Have Adopted or Announced Net Zero Emission Targets 28
Figure 9. Cumulative Carbon Dioxide Emissions by Country, 1850-2021 29
Figure 10. Primary Restraints and Impact Factors of North America Electric Vehicle Power Inverter Market 30
Figure 11. Investment Opportunity Analysis 34
Figure 12. Porter’s Fiver Forces Analysis of North America Electric Vehicle Power Inverter Market 37
Figure 13. Breakdown of North America Electric Vehicle Power Inverter Market by Inverter Type, 2021-2031, % of Revenue 42
Figure 14. North America Addressable Market Cap in 2022-2031 by Inverter Type, Value ($ mn) and Share (%) 42
Figure 15. North America Electric Vehicle Power Inverter Market by Inverter Type: Traction Inverter, 2021-2031, $ mn 43
Figure 16. North America Electric Vehicle Power Inverter Market by Inverter Type: Soft-switching Inverter, 2021-2031, $ mn 44
Figure 17. Breakdown of North America Electric Vehicle Power Inverter Market by Integration Level, 2021-2031, % of Sales Revenue 46
Figure 18. North America Addressable Market Cap in 2022-2031 by Integration Level, Value ($ mn) and Share (%) 46
Figure 19. North America Electric Vehicle Power Inverter Market by Integration Level: Integrated Inverter System, 2021-2031, $ mn 47
Figure 20. North America Electric Vehicle Power Inverter Market by Integration Level: Mechatronic Integration System, 2021-2031, $ mn 48
Figure 21. North America Electric Vehicle Power Inverter Market by Integration Level: Separate Inverter System, 2021-2031, $ mn 49
Figure 22. Breakdown of North America Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, % of Sales Revenue 51
Figure 23. North America Addressable Market Cap in 2022-2031 by Propulsion Type, Value ($ mn) and Share (%) 51
Figure 24. North America Electric Vehicle Power Inverter Market by Propulsion Type: Battery Electric Vehicles (BEVs), 2021-2031, $ mn 52
Figure 25. North America Electric Vehicle Power Inverter Market by Propulsion Type: Hybrid Electric Vehicles (HEVs), 2021-2031, $ mn 53
Figure 26. North America Electric Vehicle Power Inverter Market by Propulsion Type: Plug-in Hybrid Electric Vehicle (PHEVs), 2021-2031, $ mn 54
Figure 27. North America Electric Vehicle Power Inverter Market by Propulsion Type: Fuel Cell Electric Vehicle (FCEVs), 2021-2031, $ mn 55
Figure 28. Breakdown of North America Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, % of Revenue 57
Figure 29. North America Addressable Market Cap in 2022-2031 by Vehicle Type, Value ($ mn) and Share (%) 57
Figure 30. North America Electric Vehicle Power Inverter Market by Vehicle Type: Passenger Cars, 2021-2031, $ mn 58
Figure 31. North America Electric Vehicle Power Inverter Market by Vehicle Type: Commercial Vehicles, 2021-2031, $ mn 59
Figure 32. Breakdown of North America Electric Vehicle Power Inverter Market by Distribution, 2021-2031, % of Revenue 61
Figure 33. North America Addressable Market Cap in 2022-2031 by Distribution, Value ($ mn) and Share (%) 61
Figure 34. North America Electric Vehicle Power Inverter Market by Distribution: Aftermarket, 2021-2031, $ mn 62
Figure 35. North America Electric Vehicle Power Inverter Market by Distribution: OEM, 2021-2031, $ mn 63
Figure 36. Breakdown of North America Electric Vehicle Power Inverter Market by Country, 2021 and 2031, % of Revenue 65
Figure 37. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 66
Figure 38. U.S. Electric Vehicle Power Inverter Market, 2021-2031, $ mn 68
Figure 39. Canada Electric Vehicle Power Inverter Market, 2021-2031, $ mn 70
Figure 40. Electric Vehicle Power Inverter Market in Mexico, 2021-2031, $ mn 72
Figure 41. Growth Stage of North America Electric Vehicle Power Inverter Industry over the Forecast Period 74
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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