FREMONT, Calif. : The automotive inverter market is projected to reach $50.01 billion in terms of revenue by 2031, at a CAGR of 17.09%, suggests the premium market intelligence study by BIS Research.
The automobile industry has seen a significant technological shift in the previous decade, opening the path for widespread acceptance of electric transportation. Increasing investments in R&D in gallium nitride and silicon carbide is one of the major opportunities in the global automotive inverter market.
Also, the exponential increase in the sales of electric vehicles across the globe will propel the market even further.
Though there are some challenges in the market, such as lack of charging infrastructure and complex design requirements, the ongoing vital developments in the market are expected to overcome them in the forecast period.
The detailed study is a compilation of 212 Market Data Tables and 39 Figures spread through 193 Pages and in-depth TOC on “Automotive Inverter Market – Analysis and Forecast, 2020-2031”
USP of the Report
This exclusive report on automotive invereter market will help you with:
- Extensive competitive benchmarking of the top 15 players to offer a holistic view of the global automotive inverter market landscape
- Market ranking analysis based on product portfolio, recent developments, and regional spread
- Analysis of the investment landscape, including product adoption scenario, funding, and patent analysis
Analyst’s Take on the Market:
According to Dhrubajyoti Narayan, Lead Analyst, BIS Research, “The automotive inverter market is expected to grow at a fast pace owing to the continuous shift toward electric mobility. As already known, an inverter plays a vital role in the powertrain of an electric vehicle by converting DC current coming from the battery to AC current for the AC motor in the drivetrain to function, and it provides an impetus to the electric vehicle industry as well.”
Key Companies Operating in the Market and Competitive Landscape
The companies that are profiled have been selected based on inputs gathered from primary experts and analysis of company coverage, product portfolio, market penetration, etc.
Some of the prominent names established in this market are as follows:
- Siemens AG
- Mitsubishi Electric Corporation
- Continental AG
- Toshiba Corporation
- Aptiv PLC
- DENSO Corporation
- Toyota Industries Corporation
- LG Electronics
- Robert Bosch GmbH
- Danfoss
- Lear Corporation
- Sensata Technologies, Inc.
- Hitachi Automotive Systems, Ltd.
- Fuji Electric
- Marelli Corporation
