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EV Power Inverter-Global Market Insights and Sales Trends 2025
Synopsis
An EV power inverter is an electronic device which uses power transistors as switches to slice and dice the DC electricity from the vehicle battery to create an AC output for the motors.
The global EV Power Inverter market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of EV Power Inverter in various end use industries. The expanding demands from the Passenger Cars and Commercial Vehicles, are propelling EV Power Inverter market. Full Hybrid Vehicle Inverter, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Plug-in Hybrid Vehicle Inverter segment is estimated at % CAGR for the next seven-year period.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for EV Power Inverter, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global EV Power Inverter market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global EV Power Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, EV Power Inverter sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of EV Power Inverter covered in this report include Continental AG, Robert Bosch GmbH, Hitachi Automotive, Toyota Industries, Denso, Delphi, Mitsubishi Electric, Metric mind and Fuji Electric, etc.
The global EV Power Inverter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Continental AG
Robert Bosch GmbH
Hitachi Automotive
Toyota Industries
Denso
Delphi
Mitsubishi Electric
Metric mind
Fuji Electric
Infineon Technologies AG
STMicroelectronics
Eaton
Marelli
Toshiba
Global EV Power Inverter market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global EV Power Inverter market, Segment by Type:
Full Hybrid Vehicle Inverter
Plug-in Hybrid Vehicle Inverter
Battery Electric Vehicle Inverter
Fuel Cell Electric Vehicle Inverter
Global EV Power Inverter market, by Application
Passenger Cars
Commercial Vehicles
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of EV Power Inverter manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of EV Power Inverter in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
An EV power inverter is an electronic device which uses power transistors as switches to slice and dice the DC electricity from the vehicle battery to create an AC output for the motors.
The global EV Power Inverter market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of EV Power Inverter in various end use industries. The expanding demands from the Passenger Cars and Commercial Vehicles, are propelling EV Power Inverter market. Full Hybrid Vehicle Inverter, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Plug-in Hybrid Vehicle Inverter segment is estimated at % CAGR for the next seven-year period.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for EV Power Inverter, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global EV Power Inverter market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global EV Power Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, EV Power Inverter sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of EV Power Inverter covered in this report include Continental AG, Robert Bosch GmbH, Hitachi Automotive, Toyota Industries, Denso, Delphi, Mitsubishi Electric, Metric mind and Fuji Electric, etc.
The global EV Power Inverter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Continental AG
Robert Bosch GmbH
Hitachi Automotive
Toyota Industries
Denso
Delphi
Mitsubishi Electric
Metric mind
Fuji Electric
Infineon Technologies AG
STMicroelectronics
Eaton
Marelli
Toshiba
Global EV Power Inverter market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global EV Power Inverter market, Segment by Type:
Full Hybrid Vehicle Inverter
Plug-in Hybrid Vehicle Inverter
Battery Electric Vehicle Inverter
Fuel Cell Electric Vehicle Inverter
Global EV Power Inverter market, by Application
Passenger Cars
Commercial Vehicles
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of EV Power Inverter manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of EV Power Inverter in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 EV Power Inverter Market Overview
1.1 EV Power Inverter Product Overview
1.2 EV Power Inverter Market Segment by Type
1.2.1 Full Hybrid Vehicle Inverter
1.2.2 Plug-in Hybrid Vehicle Inverter
1.2.3 Battery Electric Vehicle Inverter
1.2.4 Fuel Cell Electric Vehicle Inverter
1.3 Global EV Power Inverter Market Size by Type
1.3.1 Global EV Power Inverter Market Size Overview by Type (2018-2029)
1.3.2 Global EV Power Inverter Historic Market Size Review by Type (2018-2023)
1.3.3 Global EV Power Inverter Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America EV Power Inverter Sales Breakdown by Type (2018-2023)
1.4.2 Europe EV Power Inverter Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific EV Power Inverter Sales Breakdown by Type (2018-2023)
1.4.4 Latin America EV Power Inverter Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa EV Power Inverter Sales Breakdown by Type (2018-2023)
2 Global EV Power Inverter Market Competition by Company
2.1 Global Top Players by EV Power Inverter Sales (2018-2023)
2.2 Global Top Players by EV Power Inverter Revenue (2018-2023)
2.3 Global Top Players by EV Power Inverter Price (2018-2023)
2.4 Global Top Manufacturers EV Power Inverter Manufacturing Base Distribution, Sales Area, Product Type
2.5 EV Power Inverter Market Competitive Situation and Trends
2.5.1 EV Power Inverter Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by EV Power Inverter Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in EV Power Inverter as of 2022)
2.7 Date of Key Manufacturers Enter into EV Power Inverter Market
2.8 Key Manufacturers EV Power Inverter Product Offered
2.9 Mergers & Acquisitions, Expansion
3 EV Power Inverter Status and Outlook by Region
3.1 Global EV Power Inverter Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global EV Power Inverter Historic Market Size by Region
3.2.1 Global EV Power Inverter Sales in Volume by Region (2018-2023)
3.2.2 Global EV Power Inverter Sales in Value by Region (2018-2023)
3.2.3 Global EV Power Inverter Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global EV Power Inverter Forecasted Market Size by Region
3.3.1 Global EV Power Inverter Sales in Volume by Region (2024-2029)
3.3.2 Global EV Power Inverter Sales in Value by Region (2024-2029)
3.3.3 Global EV Power Inverter Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global EV Power Inverter by Application
4.1 EV Power Inverter Market Segment by Application
4.1.1 Passenger Cars
4.1.2 Commercial Vehicles
4.2 Global EV Power Inverter Market Size by Application
4.2.1 Global EV Power Inverter Market Size Overview by Application (2018-2029)
4.2.2 Global EV Power Inverter Historic Market Size Review by Application (2018-2023)
4.2.3 Global EV Power Inverter Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America EV Power Inverter Sales Breakdown by Application (2018-2023)
4.3.2 Europe EV Power Inverter Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific EV Power Inverter Sales Breakdown by Application (2018-2023)
4.3.4 Latin America EV Power Inverter Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa EV Power Inverter Sales Breakdown by Application (2018-2023)
5 North America EV Power Inverter by Country
5.1 North America EV Power Inverter Historic Market Size by Country
5.1.1 North America EV Power Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America EV Power Inverter Sales in Volume by Country (2018-2023)
5.1.3 North America EV Power Inverter Sales in Value by Country (2018-2023)
5.2 North America EV Power Inverter Forecasted Market Size by Country
5.2.1 North America EV Power Inverter Sales in Volume by Country (2024-2029)
5.2.2 North America EV Power Inverter Sales in Value by Country (2024-2029)
6 Europe EV Power Inverter by Country
6.1 Europe EV Power Inverter Historic Market Size by Country
6.1.1 Europe EV Power Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe EV Power Inverter Sales in Volume by Country (2018-2023)
6.1.3 Europe EV Power Inverter Sales in Value by Country (2018-2023)
6.2 Europe EV Power Inverter Forecasted Market Size by Country
6.2.1 Europe EV Power Inverter Sales in Volume by Country (2024-2029)
6.2.2 Europe EV Power Inverter Sales in Value by Country (2024-2029)
7 Asia-Pacific EV Power Inverter by Region
7.1 Asia-Pacific EV Power Inverter Historic Market Size by Region
7.1.1 Asia-Pacific EV Power Inverter Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific EV Power Inverter Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific EV Power Inverter Sales in Value by Region (2018-2023)
7.2 Asia-Pacific EV Power Inverter Forecasted Market Size by Region
7.2.1 Asia-Pacific EV Power Inverter Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific EV Power Inverter Sales in Value by Region (2024-2029)
8 Latin America EV Power Inverter by Country
8.1 Latin America EV Power Inverter Historic Market Size by Country
8.1.1 Latin America EV Power Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America EV Power Inverter Sales in Volume by Country (2018-2023)
8.1.3 Latin America EV Power Inverter Sales in Value by Country (2018-2023)
8.2 Latin America EV Power Inverter Forecasted Market Size by Country
8.2.1 Latin America EV Power Inverter Sales in Volume by Country (2024-2029)
8.2.2 Latin America EV Power Inverter Sales in Value by Country (2024-2029)
9 Middle East and Africa EV Power Inverter by Country
9.1 Middle East and Africa EV Power Inverter Historic Market Size by Country
9.1.1 Middle East and Africa EV Power Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa EV Power Inverter Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa EV Power Inverter Sales in Value by Country (2018-2023)
9.2 Middle East and Africa EV Power Inverter Forecasted Market Size by Country
9.2.1 Middle East and Africa EV Power Inverter Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa EV Power Inverter Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Continental AG
10.1.1 Continental AG Company Information
10.1.2 Continental AG Introduction and Business Overview
10.1.3 Continental AG EV Power Inverter Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Continental AG EV Power Inverter Products Offered
10.1.5 Continental AG Recent Development
10.2 Robert Bosch GmbH
10.2.1 Robert Bosch GmbH Company Information
10.2.2 Robert Bosch GmbH Introduction and Business Overview
10.2.3 Robert Bosch GmbH EV Power Inverter Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Robert Bosch GmbH EV Power Inverter Products Offered
10.2.5 Robert Bosch GmbH Recent Development
10.3 Hitachi Automotive
10.3.1 Hitachi Automotive Company Information
10.3.2 Hitachi Automotive Introduction and Business Overview
10.3.3 Hitachi Automotive EV Power Inverter Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Hitachi Automotive EV Power Inverter Products Offered
10.3.5 Hitachi Automotive Recent Development
10.4 Toyota Industries
10.4.1 Toyota Industries Company Information
10.4.2 Toyota Industries Introduction and Business Overview
10.4.3 Toyota Industries EV Power Inverter Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Toyota Industries EV Power Inverter Products Offered
10.4.5 Toyota Industries Recent Development
10.5 Denso
10.5.1 Denso Company Information
10.5.2 Denso Introduction and Business Overview
10.5.3 Denso EV Power Inverter Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Denso EV Power Inverter Products Offered
10.5.5 Denso Recent Development
10.6 Delphi
10.6.1 Delphi Company Information
10.6.2 Delphi Introduction and Business Overview
10.6.3 Delphi EV Power Inverter Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Delphi EV Power Inverter Products Offered
10.6.5 Delphi Recent Development
10.7 Mitsubishi Electric
10.7.1 Mitsubishi Electric Company Information
10.7.2 Mitsubishi Electric Introduction and Business Overview
10.7.3 Mitsubishi Electric EV Power Inverter Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Mitsubishi Electric EV Power Inverter Products Offered
10.7.5 Mitsubishi Electric Recent Development
10.8 Metric mind
10.8.1 Metric mind Company Information
10.8.2 Metric mind Introduction and Business Overview
10.8.3 Metric mind EV Power Inverter Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Metric mind EV Power Inverter Products Offered
10.8.5 Metric mind Recent Development
10.9 Fuji Electric
10.9.1 Fuji Electric Company Information
10.9.2 Fuji Electric Introduction and Business Overview
10.9.3 Fuji Electric EV Power Inverter Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Fuji Electric EV Power Inverter Products Offered
10.9.5 Fuji Electric Recent Development
10.10 Infineon Technologies AG
10.10.1 Infineon Technologies AG Company Information
10.10.2 Infineon Technologies AG Introduction and Business Overview
10.10.3 Infineon Technologies AG EV Power Inverter Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Infineon Technologies AG EV Power Inverter Products Offered
10.10.5 Infineon Technologies AG Recent Development
10.11 STMicroelectronics
10.11.1 STMicroelectronics Company Information
10.11.2 STMicroelectronics Introduction and Business Overview
10.11.3 STMicroelectronics EV Power Inverter Sales, Revenue and Gross Margin (2018-2023)
10.11.4 STMicroelectronics EV Power Inverter Products Offered
10.11.5 STMicroelectronics Recent Development
10.12 Eaton
10.12.1 Eaton Company Information
10.12.2 Eaton Introduction and Business Overview
10.12.3 Eaton EV Power Inverter Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Eaton EV Power Inverter Products Offered
10.12.5 Eaton Recent Development
10.13 Marelli
10.13.1 Marelli Company Information
10.13.2 Marelli Introduction and Business Overview
10.13.3 Marelli EV Power Inverter Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Marelli EV Power Inverter Products Offered
10.13.5 Marelli Recent Development
10.14 Toshiba
10.14.1 Toshiba Company Information
10.14.2 Toshiba Introduction and Business Overview
10.14.3 Toshiba EV Power Inverter Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Toshiba EV Power Inverter Products Offered
10.14.5 Toshiba Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 EV Power Inverter Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 EV Power Inverter Industrial Chain Analysis
11.4 EV Power Inverter Market Dynamics
11.4.1 EV Power Inverter Industry Trends
11.4.2 EV Power Inverter Market Drivers
11.4.3 EV Power Inverter Market Challenges
11.4.4 EV Power Inverter Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 EV Power Inverter Distributors
12.3 EV Power Inverter Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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