According to a new market report published by Lucintel, the future of the global automotive traction inverter market looks promising in the battery electric vehicle, plug-in hybrid electric vehicle, and hybrid electric vehicle markets. The global automotive traction inverter market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow at a CAGR of 16% from 2021 to 2026. The major drivers for this market are increasing demand for reducing carbon emissions and government regulations.
To download report brochure, please go to www.lucintel.com/automotive-traction-inverter-market.aspx and click "download brochure" tab from the menu.
In this market, IGBT and MOSFET are the major technologies used to manufacture automotive traction inverters. On the basis of comprehensive research, Lucintel forecasts that IGBT technology will remain the largest segment, and it is also expected to witness the highest growth over the forecast period because of high voltage capacity and faster switching capabilities.
Within the global automotive traction inverters market, the commercial vehicle segment is expected to witness the highest growth over the forecast period due to increasing use of various auxiliary and secondary devices during official travels by commercial vehicle drivers.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to growing purchasing power of consumers, cost advantages for OEMs, low automobile penetration levels, and increased vehicle production.
Emerging trends, which have a direct impact on the dynamics of the industry, include the usage of lightweight materials and introduction of combined inverters. Denso, Delphi Technologies, Continental AG, Robert Bosch GmbH, and Mitsubishi Electric Corporation are among the major suppliers of the automotive traction inverter market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive traction inverter market by technology, power output, propulsion, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Traction Inverter Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive traction inverter market by technology, power output, propulsion, and region, as follows:
By Technology [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
By Power Output [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
By Propulsion [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
By Region [Value ($ Million) and Volume (Thousand Tons) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.