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Traction Inverters-Global Market Insights and Sales Trends 2024
Synopsis
The traction inverter controls the traction electric motor in EV/HEVs. It is a key component as it is responsible for the performance of the vehicle. Minimization of conduction losses and switching losses both at high-, and low-current allows maximizing vehicle acceleration and driving range.
The global Traction Inverters market size is expected to reach US$ 28460 million by 2029, growing at a CAGR of 10.7% from 2023 to 2029. The market is mainly driven by the significant applications of Traction Inverters in various end use industries. The expanding demands from the Original Equipment Manufacturer (OEM) and Maintenance, Repair & Overhaul (MRO), are propelling Traction Inverters market. SiC Modules, 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 Si-IGBT(Insulated Gate Bipolar Transistor) Modules segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Traction Inverters market, driven by demand from China, the second largest economy with some signs of stabilising, the Traction Inverters market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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 Traction Inverters, 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 Traction Inverters 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 Traction Inverters market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Traction Inverters 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 Traction Inverters covered in this report include Voith, Mitsubishi Electric, American Traction Systems, Simatex AG, Hitachi, Alstom, Albiero Medha, BorgWarner and Siemens, etc.
The global Traction Inverters market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Voith
Mitsubishi Electric
American Traction Systems
Simatex AG
Hitachi
Alstom
Albiero Medha
BorgWarner
Siemens
ABB
TOSHIBA
Hitachi
Curtiss-Wright
Dana TM4
Prodrive Technologies
Zhuzhou CRRC Times Electric
Global Traction Inverters 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 Traction Inverters market, Segment by Type:
SiC Modules
Si-IGBT(Insulated Gate Bipolar Transistor) Modules
Global Traction Inverters market, by Application
Original Equipment Manufacturer (OEM)
Maintenance, Repair & Overhaul (MRO)
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 Traction Inverters manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Traction Inverters 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.
The traction inverter controls the traction electric motor in EV/HEVs. It is a key component as it is responsible for the performance of the vehicle. Minimization of conduction losses and switching losses both at high-, and low-current allows maximizing vehicle acceleration and driving range.
The global Traction Inverters market size is expected to reach US$ 28460 million by 2029, growing at a CAGR of 10.7% from 2023 to 2029. The market is mainly driven by the significant applications of Traction Inverters in various end use industries. The expanding demands from the Original Equipment Manufacturer (OEM) and Maintenance, Repair & Overhaul (MRO), are propelling Traction Inverters market. SiC Modules, 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 Si-IGBT(Insulated Gate Bipolar Transistor) Modules segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Traction Inverters market, driven by demand from China, the second largest economy with some signs of stabilising, the Traction Inverters market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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 Traction Inverters, 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 Traction Inverters 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 Traction Inverters market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Traction Inverters 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 Traction Inverters covered in this report include Voith, Mitsubishi Electric, American Traction Systems, Simatex AG, Hitachi, Alstom, Albiero Medha, BorgWarner and Siemens, etc.
The global Traction Inverters market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Voith
Mitsubishi Electric
American Traction Systems
Simatex AG
Hitachi
Alstom
Albiero Medha
BorgWarner
Siemens
ABB
TOSHIBA
Hitachi
Curtiss-Wright
Dana TM4
Prodrive Technologies
Zhuzhou CRRC Times Electric
Global Traction Inverters 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 Traction Inverters market, Segment by Type:
SiC Modules
Si-IGBT(Insulated Gate Bipolar Transistor) Modules
Global Traction Inverters market, by Application
Original Equipment Manufacturer (OEM)
Maintenance, Repair & Overhaul (MRO)
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 Traction Inverters manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Traction Inverters 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 Traction Inverters Market Overview
1.1 Traction Inverters Product Overview
1.2 Traction Inverters Market Segment by Type
1.2.1 SiC Modules
1.2.2 Si-IGBT(Insulated Gate Bipolar Transistor) Modules
1.3 Global Traction Inverters Market Size by Type
1.3.1 Global Traction Inverters Market Size Overview by Type (2018-2029)
1.3.2 Global Traction Inverters Historic Market Size Review by Type (2018-2023)
1.3.3 Global Traction Inverters Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Traction Inverters Sales Breakdown by Type (2018-2023)
1.4.2 Europe Traction Inverters Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Traction Inverters Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Traction Inverters Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Traction Inverters Sales Breakdown by Type (2018-2023)
2 Global Traction Inverters Market Competition by Company
2.1 Global Top Players by Traction Inverters Sales (2018-2023)
2.2 Global Top Players by Traction Inverters Revenue (2018-2023)
2.3 Global Top Players by Traction Inverters Price (2018-2023)
2.4 Global Top Manufacturers Traction Inverters Manufacturing Base Distribution, Sales Area, Product Type
2.5 Traction Inverters Market Competitive Situation and Trends
2.5.1 Traction Inverters Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Traction Inverters 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 Traction Inverters as of 2022)
2.7 Date of Key Manufacturers Enter into Traction Inverters Market
2.8 Key Manufacturers Traction Inverters Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Traction Inverters Status and Outlook by Region
3.1 Global Traction Inverters Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Traction Inverters Historic Market Size by Region
3.2.1 Global Traction Inverters Sales in Volume by Region (2018-2023)
3.2.2 Global Traction Inverters Sales in Value by Region (2018-2023)
3.2.3 Global Traction Inverters Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Traction Inverters Forecasted Market Size by Region
3.3.1 Global Traction Inverters Sales in Volume by Region (2024-2029)
3.3.2 Global Traction Inverters Sales in Value by Region (2024-2029)
3.3.3 Global Traction Inverters Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Traction Inverters by Application
4.1 Traction Inverters Market Segment by Application
4.1.1 Original Equipment Manufacturer (OEM)
4.1.2 Maintenance, Repair & Overhaul (MRO)
4.2 Global Traction Inverters Market Size by Application
4.2.1 Global Traction Inverters Market Size Overview by Application (2018-2029)
4.2.2 Global Traction Inverters Historic Market Size Review by Application (2018-2023)
4.2.3 Global Traction Inverters Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Traction Inverters Sales Breakdown by Application (2018-2023)
4.3.2 Europe Traction Inverters Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Traction Inverters Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Traction Inverters Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Traction Inverters Sales Breakdown by Application (2018-2023)
5 North America Traction Inverters by Country
5.1 North America Traction Inverters Historic Market Size by Country
5.1.1 North America Traction Inverters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Traction Inverters Sales in Volume by Country (2018-2023)
5.1.3 North America Traction Inverters Sales in Value by Country (2018-2023)
5.2 North America Traction Inverters Forecasted Market Size by Country
5.2.1 North America Traction Inverters Sales in Volume by Country (2024-2029)
5.2.2 North America Traction Inverters Sales in Value by Country (2024-2029)
6 Europe Traction Inverters by Country
6.1 Europe Traction Inverters Historic Market Size by Country
6.1.1 Europe Traction Inverters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Traction Inverters Sales in Volume by Country (2018-2023)
6.1.3 Europe Traction Inverters Sales in Value by Country (2018-2023)
6.2 Europe Traction Inverters Forecasted Market Size by Country
6.2.1 Europe Traction Inverters Sales in Volume by Country (2024-2029)
6.2.2 Europe Traction Inverters Sales in Value by Country (2024-2029)
7 Asia-Pacific Traction Inverters by Region
7.1 Asia-Pacific Traction Inverters Historic Market Size by Region
7.1.1 Asia-Pacific Traction Inverters Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Traction Inverters Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Traction Inverters Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Traction Inverters Forecasted Market Size by Region
7.2.1 Asia-Pacific Traction Inverters Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Traction Inverters Sales in Value by Region (2024-2029)
8 Latin America Traction Inverters by Country
8.1 Latin America Traction Inverters Historic Market Size by Country
8.1.1 Latin America Traction Inverters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Traction Inverters Sales in Volume by Country (2018-2023)
8.1.3 Latin America Traction Inverters Sales in Value by Country (2018-2023)
8.2 Latin America Traction Inverters Forecasted Market Size by Country
8.2.1 Latin America Traction Inverters Sales in Volume by Country (2024-2029)
8.2.2 Latin America Traction Inverters Sales in Value by Country (2024-2029)
9 Middle East and Africa Traction Inverters by Country
9.1 Middle East and Africa Traction Inverters Historic Market Size by Country
9.1.1 Middle East and Africa Traction Inverters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Traction Inverters Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Traction Inverters Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Traction Inverters Forecasted Market Size by Country
9.2.1 Middle East and Africa Traction Inverters Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Traction Inverters Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Voith
10.1.1 Voith Company Information
10.1.2 Voith Introduction and Business Overview
10.1.3 Voith Traction Inverters Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Voith Traction Inverters Products Offered
10.1.5 Voith Recent Development
10.2 Mitsubishi Electric
10.2.1 Mitsubishi Electric Company Information
10.2.2 Mitsubishi Electric Introduction and Business Overview
10.2.3 Mitsubishi Electric Traction Inverters Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Mitsubishi Electric Traction Inverters Products Offered
10.2.5 Mitsubishi Electric Recent Development
10.3 American Traction Systems
10.3.1 American Traction Systems Company Information
10.3.2 American Traction Systems Introduction and Business Overview
10.3.3 American Traction Systems Traction Inverters Sales, Revenue and Gross Margin (2018-2023)
10.3.4 American Traction Systems Traction Inverters Products Offered
10.3.5 American Traction Systems Recent Development
10.4 Simatex AG
10.4.1 Simatex AG Company Information
10.4.2 Simatex AG Introduction and Business Overview
10.4.3 Simatex AG Traction Inverters Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Simatex AG Traction Inverters Products Offered
10.4.5 Simatex AG Recent Development
10.5 Hitachi
10.5.1 Hitachi Company Information
10.5.2 Hitachi Introduction and Business Overview
10.5.3 Hitachi Traction Inverters Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Hitachi Traction Inverters Products Offered
10.5.5 Hitachi Recent Development
10.6 Alstom
10.6.1 Alstom Company Information
10.6.2 Alstom Introduction and Business Overview
10.6.3 Alstom Traction Inverters Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Alstom Traction Inverters Products Offered
10.6.5 Alstom Recent Development
10.7 Albiero Medha
10.7.1 Albiero Medha Company Information
10.7.2 Albiero Medha Introduction and Business Overview
10.7.3 Albiero Medha Traction Inverters Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Albiero Medha Traction Inverters Products Offered
10.7.5 Albiero Medha Recent Development
10.8 BorgWarner
10.8.1 BorgWarner Company Information
10.8.2 BorgWarner Introduction and Business Overview
10.8.3 BorgWarner Traction Inverters Sales, Revenue and Gross Margin (2018-2023)
10.8.4 BorgWarner Traction Inverters Products Offered
10.8.5 BorgWarner Recent Development
10.9 Siemens
10.9.1 Siemens Company Information
10.9.2 Siemens Introduction and Business Overview
10.9.3 Siemens Traction Inverters Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Siemens Traction Inverters Products Offered
10.9.5 Siemens Recent Development
10.10 ABB
10.10.1 ABB Company Information
10.10.2 ABB Introduction and Business Overview
10.10.3 ABB Traction Inverters Sales, Revenue and Gross Margin (2018-2023)
10.10.4 ABB Traction Inverters Products Offered
10.10.5 ABB Recent Development
10.11 TOSHIBA
10.11.1 TOSHIBA Company Information
10.11.2 TOSHIBA Introduction and Business Overview
10.11.3 TOSHIBA Traction Inverters Sales, Revenue and Gross Margin (2018-2023)
10.11.4 TOSHIBA Traction Inverters Products Offered
10.11.5 TOSHIBA Recent Development
10.12 Hitachi
10.12.1 Hitachi Company Information
10.12.2 Hitachi Introduction and Business Overview
10.12.3 Hitachi Traction Inverters Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Hitachi Traction Inverters Products Offered
10.12.5 Hitachi Recent Development
10.13 Curtiss-Wright
10.13.1 Curtiss-Wright Company Information
10.13.2 Curtiss-Wright Introduction and Business Overview
10.13.3 Curtiss-Wright Traction Inverters Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Curtiss-Wright Traction Inverters Products Offered
10.13.5 Curtiss-Wright Recent Development
10.14 Dana TM4
10.14.1 Dana TM4 Company Information
10.14.2 Dana TM4 Introduction and Business Overview
10.14.3 Dana TM4 Traction Inverters Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Dana TM4 Traction Inverters Products Offered
10.14.5 Dana TM4 Recent Development
10.15 Prodrive Technologies
10.15.1 Prodrive Technologies Company Information
10.15.2 Prodrive Technologies Introduction and Business Overview
10.15.3 Prodrive Technologies Traction Inverters Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Prodrive Technologies Traction Inverters Products Offered
10.15.5 Prodrive Technologies Recent Development
10.16 Zhuzhou CRRC Times Electric
10.16.1 Zhuzhou CRRC Times Electric Company Information
10.16.2 Zhuzhou CRRC Times Electric Introduction and Business Overview
10.16.3 Zhuzhou CRRC Times Electric Traction Inverters Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Zhuzhou CRRC Times Electric Traction Inverters Products Offered
10.16.5 Zhuzhou CRRC Times Electric Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Traction Inverters 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 Traction Inverters Industrial Chain Analysis
11.4 Traction Inverters Market Dynamics
11.4.1 Traction Inverters Industry Trends
11.4.2 Traction Inverters Market Drivers
11.4.3 Traction Inverters Market Challenges
11.4.4 Traction Inverters Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Traction Inverters Distributors
12.3 Traction Inverters 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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