Traction Inverter Market
Traction Inverter Market Analysis, By Propulsion (BEV, HEV, PHEV, Others), By Voltage (Up to 200V, 200 to 900V, and 900V and above), By Technology (IGBT, MOSFET, Others), By Vehicle (Passenger Cars, Commercial Vehicles and Others), & By Region – Global Market Insights 2022 to 2032
Analysis of Traction Inverter Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Traction Inverter Market Outlook (2022 to 2032)
The global traction inverter market was valued at US$ 15386.60 Million in 2022 and is expected to grow at 17.2% CAGR from 2022 to 2032. The global market for traction inverters is expected to reach US$ 75234.81 Million by 2032.
- Due to the high demand for lithium-ion batteries, the global traction inverter market is mainly driven by the availability of lithium-ion batteries.
- The production of the automotive lithium-ion battery in 2020 reached 160 GWh, with a 33% increase from 2019.
- The significant increase in electric car registrations can be attributed in part to a 41% increase in electric car registrations. This is due to a constant battery capacity of 55 KWh and 14 kWh, respectively, for BEVs and PHEVs. For other modes of transport, an increase of 10% has been recorded.
- China is the world's battery production leader making up 70% of the total global battery cell production capacity.
| Report Attributes | Details |
|---|---|
| Traction Inverter Market Size (2022) | US$ 15386.60 Million |
| Projected Traction Inverter Market Value (2032) | 17.2% |
| Global Traction Inverter Market Share | US$ 75234.81 Million |
| Europe CAGR Traction Inverter Market Share | 11% |
| Key Companies Profiled | BorgWarner Inc.; Marelli; Mitsubishi Electric Corporation; Denso Corporation; Continental AG; Delphi Technologies; Siemens AG; TOSHIBA CORPORATION; Hitachi, Ltd.; Voith GMbh; Infineon Technologies AG; CURTISS-WRIGHT; TM4 Inc.; Prodrive Technologies; Others |
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Prominent Traction Inverter Market Growth Factors
Due to the safe and reliable driving experience that electric and hybrid electric vehicles provide, the increase in demand for these vehicles worldwide is one of the major factors driving industry growth. Automotive manufacturers and suppliers are increasing their production to meet the increasing demands for enhanced levels of integration and increased power density across electric vehicles.
Due to the rising demand for lithium-ion batteries, the automobile traction inverter market is expected to grow, which can be attributed to the expanding market for traction inverters. The majority of lithium-ion batteries sold at retail are still made with nickel manganese cobalt, with nickel-cobalt aluminum making up the rest of the market. Despite the growth in the market's share of lithium-ion phosphate batteries, it still occupies less than 4% of the market.
According to BNEF's annual survey of battery prices, the weighted average cost of automotive batteries decreased by 13% in 2020 compared to 2019 and reached US$ 137/KWh at a pack level at the end of 2020. The demand for lithium-ion batteries is expected to drive the growth of the global traction inverter market, as most plug-in hybrids and all-electric vehicles use lithium-ion batteries.
Market Players Generating Lucrative Opportunities in the Market
With the ever-increasing number of electric cars being produced regularly, the government and market players are taking steps to implement stringent regulatory reforms, which can lead to lucrative opportunities for an increase in demand for traction inverters.
In the automotive traction inverter market, additional factors are expected to influence the growth of this market. These include increased awareness among consumers, OEMs, and numerous suppliers due to stringent government regulations. This will further increase the adoption of automotive traction inverters on the global market.
It is predicted that the CO2 emission requirement for next-generation European cars will be zero by 2050, according to the proposal of the EU Commission. At the same time, several automakers also announced their plans to make their vehicles more electrified in the near future. As an example, Volkswagen predicted that half of its sales will be electric vehicles by 2030.
Toyota, which is the largest automaker in the world, announced further investments last year to achieve annual electric car sales of 3.5 million units by 2030, which was another key milestone in 2021. Such initiatives from the government and market are opening up growth opportunities for the market.
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Segmentation Insights
The traction inverter market is segmented by the type of propulsion, the type of voltage, the type of technology, the type of vehicle, and the region. Depending on the propulsion type, the market is subdivided into BEV, HEV, PHEV, and others. In terms of voltage type, the market can be categorized into up to 200 volts, 200 volts to 900 volts, and 900 volts and above. Based on technology type, the market is segmented into IGBT, MOSFET, and others. Depending on vehicle type, the market is segmented into passenger cars, commercial vehicles, and others.
Propulsion Types - Insights
Traction inverters are segmented according to propulsion type, including BEVs, HEVs, PHEVs, and others. In the global traction inverter market, the BEV (Battery Electric Vehicles) segment holds the largest share as these vehicles are zero-emission vehicles with rechargeable batteries that allow them to run continuously.
With the rapid rise in the number of eco-friendly vehicles in both developed and developing countries in the past few years, battery-electric vehicles have been rapidly adopted. The BEV segment is projected to grow as a result of environmental concerns.
Technology Type Insights
According to the technology type, the Traction Inverter Market may be classified into three categories: IGBT, MOSFET, and others, with MOSFET holding the largest share of the global Traction Inverter Market. Among the semiconductor technologies that have been proposed for traction inverter applications, silicon carbide MOSFETs are believed to be the most promising.
There are plenty of Si-IGBT semiconductors and modules available on the market for use in this voltage range, including those that run at a voltage of 450 volts. Although they are based on technology that is 750 volts, most electric powertrain applications run on voltages up to 450 volts.
Country Insights
North America Insights
Several energy conservation initiatives underway in North America has resulted in the region being one of the largest markets for traction inverters. This is due to a switch to renewable sources of energy accounting for much of the growth.
Furthermore, several regulatory measures, to reduce the carbon footprint of the region, have also contributed to boosting the sales of traction inverters in this region. In the years to come, there will continue to be a surge in the demand for infrastructure advancements across the region due to continued advancements in infrastructure.
What is the Growth Outlook for Traction Inverter Market in the U.S.?
The US traction inverter market is anticipated to undergo a significant evolution alongside the growth of the global market. The auto industry and government have adopted electric vehicles as their preferred road transportation technology. For instance, in November 2021, the US government set a target of 50% electrification of passenger cars by 2030, which was backed by the installation of 500,000 charging points.
Also, the U.S. government has provided approximately US$ 2.4 billion for the development of electric and hybrid vehicles equipped with high-density batteries. As part of its incentive program, the U.S. government plans to offer tax credits to owners of hybrid and electric vehicles, which are nearly US$ 7,500 depending on the type of battery used.
Asia Pacific Insights
Asia Pacific, on the other hand, is expected to grow at the fastest rate during the forecast years. This region's growth can be credited to the governments in the Asia Pacific that have introduced the Top Runner Program. Based on energy conservation laws that confirm minimal efficiency requirements for numerous industrial motors.
Consequently, the country's energy-efficient motor players are concentrating their efforts on the development of next-generation energy-efficient products as a result of this situation. Hence, these factors are projected to drive Asia Pacific traction inverter market growth, during the forecast period.
How Do Growth Prospects Look in the Chinese Traction Inverter Market?
As the electric vehicle industry expands, China is predicted to hold the lion's share of the market during the forecast period, therefore dominating the traction inverter market. Despite Tesla's high popularity, Beijing's national policy has encouraged the emergence of numerous rivals to the electric car giant in China, the world's largest auto market, despite Tesla's stranglehold on the auto industry.
Aside from that, in the upcoming years, Chinese enterprises are expected to enter the overseas market more assertively across the entire electric vehicle supply chain.
Europe Insights
The Europe traction inverter market is expected to witness market growth of 11.0% CAGR during the forecast period. By 2022, several European governments have established ambitious goals regarding the reduction of carbon emissions and the requirement for electric vehicle stock.
Some European nations, including France and Belgium, are concentrating on building the infrastructure required for electric vehicle charging. This will ensure interoperability among a wide range of different electric vehicles across the region. Despite a rise in the proportion of legal ULEV vehicles on UK roads, just a small portion of all licensed vehicles are ULEVs.
Is Germany to Emerge as an Opportunistic Traction Inverter Market?
The region's expansion is attributed to increased R&D activities and the presence of major market players in the region. The German market dominated the Europe traction inverter market region in 2022 and would continue to be a dominant market till 2032, and also it is estimated to achieve a market value of US$1,593.7 million by 2028.
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Comparative View of Adjacent Traction Inverter Market
Traction Inverter Market :
| Attributes | Traction Inverter Market |
|---|---|
| CAGR (2022 to 2032) | 17.2% |
| Market Value (2032) | US$ 75234.81 Mn |
| Growth Factor | The automotive industry is increasing its production in response to the growing demand for greater levels of integration and enhanced power density across electric vehicles. The rising demand for lithium-ion batteries will thus drive the market for automotive traction inverters. |
| Opportunity | By introducing stringent government laws, the global market for automotive traction inverters may become more aware of automotive traction inverters among customers, OEMs, and suppliers. |
| Key Trends | The global traction inverter trends support the future of transportation and led to market growth. Along with the development of numerous technological innovations, traction inverters evolved with the development of electric vehicles. |
IGBT and Super Junction MOSFET Market :
| Attributes | IGBT and Super Junction MOSFET Market |
|---|---|
| CAGR (2022 to 2032) | 12% |
| Market Value (2032) | US$ 46072.63 Mn |
| Growth Factor | Increasing demand for energy efficiency and an increased focus on environmentally friendly power is expected to drive the IGBT and super junction MOSFET markets. |
| Opportunity | Increasing installation of smart meters across the globe is leading to explosive growth in the global smart grid market. The global smart grid market is expected to grow rapidly, offering lucrative growth opportunities. |
| Key Trends | Several end-use applications, particularly consumer applications, require IGBTs with small sizes and high reliability. It is experiencing increased interest from players in IGBTs and super junction MOSFETs catering to a higher voltage range. |
PV Inverter Market :
| Attributes | PV Inverter Market |
|---|---|
| CAGR (2022 to 2032) | 6.5% |
| Market Value (2032) | US$ 12310 Mn |
| Growth Factor | A rapidly growing demand for renewable energy, continued rural electrification, support from government policies, and investments in renewable energy are driving the demand for solar PV inverters. |
| Opportunity | With the increasing number of PV installations globally, the market for solar inverter systems is experiencing growth opportunities. |
| Key Trends | A major trend in the solar PV inverter market is the concern over greenhouse gas emissions, which is increasing demand for the product because it is eco-friendly. Stringent government regulations encouraging the use of solar energy are expected to be the key market trends. |
Competitive Landscape
There are several prominent manufacturers in the traction inverter market, including BorgWarner Inc., Delphi Technologies, Siemens AG, Mitsubishi Electric Corporation, ABB, and Toshiba Corporation. These manufacturers are keen on forming joint ventures with small-scale players around the world to build an international customer base and gain a larger market share.
A key focus of market players in the Traction Inverter Market is the development of advanced and efficient products. Furthermore, these players are also setting up manufacturing facilities in developing countries for traction inverters.
As a result, major companies are introducing new products to sustain their business in the traction inverter market, which enables them to grow their business in the global traction inverter market. Businesses can gain modest traction in the traction inverter market by offering new categories of traction inverters that target previously untapped customer markets.
Recent Development :
| Date | Company Name | Strategy | Details |
|---|---|---|---|
| July 2022 | Curtiss-Wright | Expansion | The Curtiss-Wright company expanded its product portfolio for traction inverters as part of the expansion of its industrial division. Among the latest range of products are hybrid and pure-electric vehicles for on-highway and off-highway commercial vehicles that provide the most efficient and innovative designs. |
| June 2022 | STMicroelectronics (ST) and Semikron | Merger | STMicroelectronics (ST) and Semikron collaborated to develop a SiC-powered semiconductor that can be used in electric vehicle traction drives. Such SIC collaborations aim to fuel advancements in automotive traction inverter technologies. |
Key Segments
-
By Propulsion :
- BEV
- HEV
- PHEV
- Others
-
By Voltage :
- Up to 200V
- 200 to 900V
- 900V and above
-
By Technology :
- IGBT
- MOSFET
- Others
-
By Vehicle :
- Passenger Cars
- Commercial Vehicles
- Others
-
By Region :
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Propulsion Type
- 5.1. BEV
- 5.2. HEV
- 5.3. PHEV
- 5.4. Others
- 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Voltage Type
- 6.1. Up to 200V
- 6.2. 200 to 900V
- 6.3. 900V and Above
- 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology Type
- 7.1. IGBT
- 7.2. MOFSET
- 7.3. Others
- 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type
- 8.1. Passenger Cars
- 8.2. Commercial Vehicles
- 8.3. Others
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. Asia Pacific
- 9.5. MEA
- 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
- 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
- 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
- 13. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
- 14. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
- 15. Key Countries Market Analysis
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. BorgWarner Inc.
- 17.2. Continental AG
- 17.3. Delphi Technologies Plc
- 17.4. Hitachi Ltd.
- 17.5. Mitsubishi Electric Corporation
- 17.6. Siemens AG
- 17.7. Toshiba Corporation
- 17.8. Voith Gmbh & Co. KGaA
- 17.9. Curtiss-Wright Industrial Group
- 17.10. Dana TM4
- 18. Assumptions & Acronyms Used
- 19. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Forecast by Region, 2017 to 2032
Table 02: Global Market Volume (Units) Forecast by Region, 2017 to 2032
Table 03: Global Market Value (US$ Mn) Forecast by Propulsion Type, 2017 to 2032
Table 04: Global Market Volume (Units) Forecast by Propulsion Type, 2017 to 2032
Table 05: Global Market Value (US$ Mn) Forecast by Voltage Type, 2017 to 2032
Table 06: Global Market Volume (Units) Forecast by Voltage Type, 2017 to 2032
Table 07: Global Market Value (US$ Mn) Forecast by Technology Type, 2017 to 2032
Table 08: Global Market Volume (Units) Forecast by Technology Type, 2017 to 2032
Table 09: Global Market Value (US$ Mn) Forecast by Vehicle Type, 2017 to 2032
Table 10: Global Market Volume (Units) Forecast by Vehicle Type, 2017 to 2032
Table 11: North America Market Value (US$ Mn) Forecast by Country, 2017 to 2032
Table 12: North America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 13: North America Market Value (US$ Mn) Forecast by Propulsion Type, 2017 to 2032
Table 14: North America Market Volume (Units) Forecast by Propulsion Type, 2017 to 2032
Table 15: North America Market Value (US$ Mn) Forecast by Voltage Type, 2017 to 2032
Table 16: North America Market Volume (Units) Forecast by Voltage Type, 2017 to 2032
Table 17: North America Market Value (US$ Mn) Forecast by Technology Type, 2017 to 2032
Table 18: North America Market Volume (Units) Forecast by Technology Type, 2017 to 2032
Table 19: North America Market Value (US$ Mn) Forecast by Vehicle Type, 2017 to 2032
Table 20: North America Market Volume (Units) Forecast by Vehicle Type, 2017 to 2032
Table 21: Latin America Market Value (US$ Mn) Forecast by Country, 2017 to 2032
Table 22: Latin America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 23: Latin America Market Value (US$ Mn) Forecast by Propulsion Type, 2017 to 2032
Table 24: Latin America Market Volume (Units) Forecast by Propulsion Type, 2017 to 2032
Table 25: Latin America Market Value (US$ Mn) Forecast by Voltage Type, 2017 to 2032
Table 26: Latin America Market Volume (Units) Forecast by Voltage Type, 2017 to 2032
Table 27: Latin America Market Value (US$ Mn) Forecast by Technology Type, 2017 to 2032
Table 28: Latin America Market Volume (Units) Forecast by Technology Type, 2017 to 2032
Table 29: Latin America Market Value (US$ Mn) Forecast by Vehicle Type, 2017 to 2032
Table 30: Latin America Market Volume (Units) Forecast by Vehicle Type, 2017 to 2032
Table 31: Europe Market Value (US$ Mn) Forecast by Country, 2017 to 2032
Table 32: Europe Market Volume (Units) Forecast by Country, 2017 to 2032
Table 33: Europe Market Value (US$ Mn) Forecast by Propulsion Type, 2017 to 2032
Table 34: Europe Market Volume (Units) Forecast by Propulsion Type, 2017 to 2032
Table 35: Europe Market Value (US$ Mn) Forecast by Voltage Type, 2017 to 2032
Table 36: Europe Market Volume (Units) Forecast by Voltage Type, 2017 to 2032
Table 37: Europe Market Value (US$ Mn) Forecast by Technology Type, 2017 to 2032
Table 38: Europe Market Volume (Units) Forecast by Technology Type, 2017 to 2032
Table 39: Europe Market Value (US$ Mn) Forecast by Vehicle Type, 2017 to 2032
Table 40: Europe Market Volume (Units) Forecast by Vehicle Type, 2017 to 2032
Table 41: Asia Pacific Market Value (US$ Mn) Forecast by Country, 2017 to 2032
Table 42: Asia Pacific Market Volume (Units) Forecast by Country, 2017 to 2032
Table 43: Asia Pacific Market Value (US$ Mn) Forecast by Propulsion Type, 2017 to 2032
Table 44: Asia Pacific Market Volume (Units) Forecast by Propulsion Type, 2017 to 2032
Table 45: Asia Pacific Market Value (US$ Mn) Forecast by Voltage Type, 2017 to 2032
Table 46: Asia Pacific Market Volume (Units) Forecast by Voltage Type, 2017 to 2032
Table 47: Asia Pacific Market Value (US$ Mn) Forecast by Technology Type, 2017 to 2032
Table 48: Asia Pacific Market Volume (Units) Forecast by Technology Type, 2017 to 2032
Table 49: Asia Pacific Market Value (US$ Mn) Forecast by Vehicle Type, 2017 to 2032
Table 50: Asia Pacific Market Volume (Units) Forecast by Vehicle Type, 2017 to 2032
Table 51: MEA Market Value (US$ Mn) Forecast by Country, 2017 to 2032
Table 52: MEA Market Volume (Units) Forecast by Country, 2017 to 2032
Table 53: MEA Market Value (US$ Mn) Forecast by Propulsion Type, 2017 to 2032
Table 54: MEA Market Volume (Units) Forecast by Propulsion Type, 2017 to 2032
Table 55: MEA Market Value (US$ Mn) Forecast by Voltage Type, 2017 to 2032
Table 56: MEA Market Volume (Units) Forecast by Voltage Type, 2017 to 2032
Table 57: MEA Market Value (US$ Mn) Forecast by Technology Type, 2017 to 2032
Table 58: MEA Market Volume (Units) Forecast by Technology Type, 2017 to 2032
Table 59: MEA Market Value (US$ Mn) Forecast by Vehicle Type, 2017 to 2032
Table 60: MEA Market Volume (Units) Forecast by Vehicle Type, 2017 to 2032
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List Of Figures
Figure 01: Global Market Value (US$ Mn) by Propulsion Type, 2022 to 2032
Figure 02: Global Market Value (US$ Mn) by Voltage Type, 2022 to 2032
Figure 03: Global Market Value (US$ Mn) by Technology Type, 2022 to 2032
Figure 04: Global Market Value (US$ Mn) by Vehicle Type, 2022 to 2032
Figure 05: Global Market Value (US$ Mn) by Region, 2022 to 2032
Figure 06: Global Market Value (US$ Mn) Analysis by Region, 2017 to 2032
Figure 07: Global Market Volume (Units) Analysis by Region, 2017 to 2032
Figure 08: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 09: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 10: Global Market Value (US$ Mn) Analysis by Propulsion Type, 2017 to 2032
Figure 11: Global Market Volume (Units) Analysis by Propulsion Type, 2017 to 2032
Figure 12: Global Market Value Share (%) and BPS Analysis by Propulsion Type, 2022 to 2032
Figure 13: Global Market Y-o-Y Growth (%) Projections by Propulsion Type, 2022 to 2032
Figure 14: Global Market Value (US$ Mn) Analysis by Voltage Type, 2017 to 2032
Figure 15: Global Market Volume (Units) Analysis by Voltage Type, 2017 to 2032
Figure 16: Global Market Value Share (%) and BPS Analysis by Voltage Type, 2022 to 2032
Figure 17: Global Market Y-o-Y Growth (%) Projections by Voltage Type, 2022 to 2032
Figure 18: Global Market Value (US$ Mn) Analysis by Technology Type, 2017 to 2032
Figure 19: Global Market Volume (Units) Analysis by Technology Type, 2017 to 2032
Figure 20: Global Market Value Share (%) and BPS Analysis by Technology Type, 2022 to 2032
Figure 21: Global Market Y-o-Y Growth (%) Projections by Technology Type, 2022 to 2032
Figure 22: Global Market Value (US$ Mn) Analysis by Vehicle Type, 2017 to 2032
Figure 23: Global Market Volume (Units) Analysis by Vehicle Type, 2017 to 2032
Figure 24: Global Market Value Share (%) and BPS Analysis by Vehicle Type, 2022 to 2032
Figure 25: Global Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022 to 2032
Figure 26: Global Market Attractiveness by Propulsion Type, 2022 to 2032
Figure 27: Global Market Attractiveness by Voltage Type, 2022 to 2032
Figure 28: Global Market Attractiveness by Technology Type, 2022 to 2032
Figure 29: Global Market Attractiveness by Vehicle Type, 2022 to 2032
Figure 30: Global Market Attractiveness by Region, 2022 to 2032
Figure 31: North America Market Value (US$ Mn) by Propulsion Type, 2022 to 2032
Figure 32: North America Market Value (US$ Mn) by Voltage Type, 2022 to 2032
Figure 33: North America Market Value (US$ Mn) by Technology Type, 2022 to 2032
Figure 34: North America Market Value (US$ Mn) by Vehicle Type, 2022 to 2032
Figure 35: North America Market Value (US$ Mn) by Country, 2022 to 2032
Figure 36: North America Market Value (US$ Mn) Analysis by Country, 2017 to 2032
Figure 37: North America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 38: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 39: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 40: North America Market Value (US$ Mn) Analysis by Propulsion Type, 2017 to 2032
Figure 41: North America Market Volume (Units) Analysis by Propulsion Type, 2017 to 2032
Figure 42: North America Market Value Share (%) and BPS Analysis by Propulsion Type, 2022 to 2032
Figure 43: North America Market Y-o-Y Growth (%) Projections by Propulsion Type, 2022 to 2032
Figure 44: North America Market Value (US$ Mn) Analysis by Voltage Type, 2017 to 2032
Figure 45: North America Market Volume (Units) Analysis by Voltage Type, 2017 to 2032
Figure 46: North America Market Value Share (%) and BPS Analysis by Voltage Type, 2022 to 2032
Figure 47: North America Market Y-o-Y Growth (%) Projections by Voltage Type, 2022 to 2032
Figure 48: North America Market Value (US$ Mn) Analysis by Technology Type, 2017 to 2032
Figure 49: North America Market Volume (Units) Analysis by Technology Type, 2017 to 2032
Figure 50: North America Market Value Share (%) and BPS Analysis by Technology Type, 2022 to 2032
Figure 51: North America Market Y-o-Y Growth (%) Projections by Technology Type, 2022 to 2032
Figure 52: North America Market Value (US$ Mn) Analysis by Vehicle Type, 2017 to 2032
Figure 53: North America Market Volume (Units) Analysis by Vehicle Type, 2017 to 2032
Figure 54: North America Market Value Share (%) and BPS Analysis by Vehicle Type, 2022 to 2032
Figure 55: North America Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022 to 2032
Figure 56: North America Market Attractiveness by Propulsion Type, 2022 to 2032
Figure 57: North America Market Attractiveness by Voltage Type, 2022 to 2032
Figure 58: North America Market Attractiveness by Technology Type, 2022 to 2032
Figure 59: North America Market Attractiveness by Vehicle Type, 2022 to 2032
Figure 60: North America Market Attractiveness by Country, 2022 to 2032
Figure 61: Latin America Market Value (US$ Mn) by Propulsion Type, 2022 to 2032
Figure 62: Latin America Market Value (US$ Mn) by Voltage Type, 2022 to 2032
Figure 63: Latin America Market Value (US$ Mn) by Technology Type, 2022 to 2032
Figure 64: Latin America Market Value (US$ Mn) by Vehicle Type, 2022 to 2032
Figure 65: Latin America Market Value (US$ Mn) by Country, 2022 to 2032
Figure 66: Latin America Market Value (US$ Mn) Analysis by Country, 2017 to 2032
Figure 67: Latin America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 68: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 69: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 70: Latin America Market Value (US$ Mn) Analysis by Propulsion Type, 2017 to 2032
Figure 71: Latin America Market Volume (Units) Analysis by Propulsion Type, 2017 to 2032
Figure 72: Latin America Market Value Share (%) and BPS Analysis by Propulsion Type, 2022 to 2032
Figure 73: Latin America Market Y-o-Y Growth (%) Projections by Propulsion Type, 2022 to 2032
Figure 74: Latin America Market Value (US$ Mn) Analysis by Voltage Type, 2017 to 2032
Figure 75: Latin America Market Volume (Units) Analysis by Voltage Type, 2017 to 2032
Figure 76: Latin America Market Value Share (%) and BPS Analysis by Voltage Type, 2022 to 2032
Figure 77: Latin America Market Y-o-Y Growth (%) Projections by Voltage Type, 2022 to 2032
Figure 78: Latin America Market Value (US$ Mn) Analysis by Technology Type, 2017 to 2032
Figure 79: Latin America Market Volume (Units) Analysis by Technology Type, 2017 to 2032
Figure 80: Latin America Market Value Share (%) and BPS Analysis by Technology Type, 2022 to 2032
Figure 81: Latin America Market Y-o-Y Growth (%) Projections by Technology Type, 2022 to 2032
Figure 82: Latin America Market Value (US$ Mn) Analysis by Vehicle Type, 2017 to 2032
Figure 83: Latin America Market Volume (Units) Analysis by Vehicle Type, 2017 to 2032
Figure 84: Latin America Market Value Share (%) and BPS Analysis by Vehicle Type, 2022 to 2032
Figure 85: Latin America Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022 to 2032
Figure 86: Latin America Market Attractiveness by Propulsion Type, 2022 to 2032
Figure 87: Latin America Market Attractiveness by Voltage Type, 2022 to 2032
Figure 88: Latin America Market Attractiveness by Technology Type, 2022 to 2032
Figure 89: Latin America Market Attractiveness by Vehicle Type, 2022 to 2032
Figure 90: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 91: Europe Market Value (US$ Mn) by Propulsion Type, 2022 to 2032
Figure 92: Europe Market Value (US$ Mn) by Voltage Type, 2022 to 2032
Figure 93: Europe Market Value (US$ Mn) by Technology Type, 2022 to 2032
Figure 94: Europe Market Value (US$ Mn) by Vehicle Type, 2022 to 2032
Figure 95: Europe Market Value (US$ Mn) by Country, 2022 to 2032
Figure 96: Europe Market Value (US$ Mn) Analysis by Country, 2017 to 2032
Figure 97: Europe Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 98: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 99: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 100: Europe Market Value (US$ Mn) Analysis by Propulsion Type, 2017 to 2032
Figure 101: Europe Market Volume (Units) Analysis by Propulsion Type, 2017 to 2032
Figure 102: Europe Market Value Share (%) and BPS Analysis by Propulsion Type, 2022 to 2032
Figure 103: Europe Market Y-o-Y Growth (%) Projections by Propulsion Type, 2022 to 2032
Figure 104: Europe Market Value (US$ Mn) Analysis by Voltage Type, 2017 to 2032
Figure 105: Europe Market Volume (Units) Analysis by Voltage Type, 2017 to 2032
Figure 106: Europe Market Value Share (%) and BPS Analysis by Voltage Type, 2022 to 2032
Figure 107: Europe Market Y-o-Y Growth (%) Projections by Voltage Type, 2022 to 2032
Figure 108: Europe Market Value (US$ Mn) Analysis by Technology Type, 2017 to 2032
Figure 109: Europe Market Volume (Units) Analysis by Technology Type, 2017 to 2032
Figure 110: Europe Market Value Share (%) and BPS Analysis by Technology Type, 2022 to 2032
Figure 111: Europe Market Y-o-Y Growth (%) Projections by Technology Type, 2022 to 2032
Figure 112: Europe Market Value (US$ Mn) Analysis by Vehicle Type, 2017 to 2032
Figure 113: Europe Market Volume (Units) Analysis by Vehicle Type, 2017 to 2032
Figure 114: Europe Market Value Share (%) and BPS Analysis by Vehicle Type, 2022 to 2032
Figure 115: Europe Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022 to 2032
Figure 116: Europe Market Attractiveness by Propulsion Type, 2022 to 2032
Figure 117: Europe Market Attractiveness by Voltage Type, 2022 to 2032
Figure 118: Europe Market Attractiveness by Technology Type, 2022 to 2032
Figure 119: Europe Market Attractiveness by Vehicle Type, 2022 to 2032
Figure 120: Europe Market Attractiveness by Country, 2022 to 2032
Figure 121: Asia Pacific Market Value (US$ Mn) by Propulsion Type, 2022 to 2032
Figure 122: Asia Pacific Market Value (US$ Mn) by Voltage Type, 2022 to 2032
Figure 123: Asia Pacific Market Value (US$ Mn) by Technology Type, 2022 to 2032
Figure 124: Asia Pacific Market Value (US$ Mn) by Vehicle Type, 2022 to 2032
Figure 125: Asia Pacific Market Value (US$ Mn) by Country, 2022 to 2032
Figure 126: Asia Pacific Market Value (US$ Mn) Analysis by Country, 2017 to 2032
Figure 127: Asia Pacific Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 128: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 129: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 130: Asia Pacific Market Value (US$ Mn) Analysis by Propulsion Type, 2017 to 2032
Figure 131: Asia Pacific Market Volume (Units) Analysis by Propulsion Type, 2017 to 2032
Figure 132: Asia Pacific Market Value Share (%) and BPS Analysis by Propulsion Type, 2022 to 2032
Figure 133: Asia Pacific Market Y-o-Y Growth (%) Projections by Propulsion Type, 2022 to 2032
Figure 134: Asia Pacific Market Value (US$ Mn) Analysis by Voltage Type, 2017 to 2032
Figure 135: Asia Pacific Market Volume (Units) Analysis by Voltage Type, 2017 to 2032
Figure 136: Asia Pacific Market Value Share (%) and BPS Analysis by Voltage Type, 2022 to 2032
Figure 137: Asia Pacific Market Y-o-Y Growth (%) Projections by Voltage Type, 2022 to 2032
Figure 138: Asia Pacific Market Value (US$ Mn) Analysis by Technology Type, 2017 to 2032
Figure 139: Asia Pacific Market Volume (Units) Analysis by Technology Type, 2017 to 2032
Figure 140: Asia Pacific Market Value Share (%) and BPS Analysis by Technology Type, 2022 to 2032
Figure 141: Asia Pacific Market Y-o-Y Growth (%) Projections by Technology Type, 2022 to 2032
Figure 142: Asia Pacific Market Value (US$ Mn) Analysis by Vehicle Type, 2017 to 2032
Figure 143: Asia Pacific Market Volume (Units) Analysis by Vehicle Type, 2017 to 2032
Figure 144: Asia Pacific Market Value Share (%) and BPS Analysis by Vehicle Type, 2022 to 2032
Figure 145: Asia Pacific Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022 to 2032
Figure 146: Asia Pacific Market Attractiveness by Propulsion Type, 2022 to 2032
Figure 147: Asia Pacific Market Attractiveness by Voltage Type, 2022 to 2032
Figure 148: Asia Pacific Market Attractiveness by Technology Type, 2022 to 2032
Figure 149: Asia Pacific Market Attractiveness by Vehicle Type, 2022 to 2032
Figure 150: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 151: MEA Market Value (US$ Mn) by Propulsion Type, 2022 to 2032
Figure 152: MEA Market Value (US$ Mn) by Voltage Type, 2022 to 2032
Figure 153: MEA Market Value (US$ Mn) by Technology Type, 2022 to 2032
Figure 154: MEA Market Value (US$ Mn) by Vehicle Type, 2022 to 2032
Figure 155: MEA Market Value (US$ Mn) by Country, 2022 to 2032
Figure 156: MEA Market Value (US$ Mn) Analysis by Country, 2017 to 2032
Figure 157: MEA Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 158: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 159: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 160: MEA Market Value (US$ Mn) Analysis by Propulsion Type, 2017 to 2032
Figure 161: MEA Market Volume (Units) Analysis by Propulsion Type, 2017 to 2032
Figure 162: MEA Market Value Share (%) and BPS Analysis by Propulsion Type, 2022 to 2032
Figure 163: MEA Market Y-o-Y Growth (%) Projections by Propulsion Type, 2022 to 2032
Figure 164: MEA Market Value (US$ Mn) Analysis by Voltage Type, 2017 to 2032
Figure 165: MEA Market Volume (Units) Analysis by Voltage Type, 2017 to 2032
Figure 166: MEA Market Value Share (%) and BPS Analysis by Voltage Type, 2022 to 2032
Figure 167: MEA Market Y-o-Y Growth (%) Projections by Voltage Type, 2022 to 2032
Figure 168: MEA Market Value (US$ Mn) Analysis by Technology Type, 2017 to 2032
Figure 169: MEA Market Volume (Units) Analysis by Technology Type, 2017 to 2032
Figure 170: MEA Market Value Share (%) and BPS Analysis by Technology Type, 2022 to 2032
Figure 171: MEA Market Y-o-Y Growth (%) Projections by Technology Type, 2022 to 2032
Figure 172: MEA Market Value (US$ Mn) Analysis by Vehicle Type, 2017 to 2032
Figure 173: MEA Market Volume (Units) Analysis by Vehicle Type, 2017 to 2032
Figure 174: MEA Market Value Share (%) and BPS Analysis by Vehicle Type, 2022 to 2032
Figure 175: MEA Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022 to 2032
Figure 176: MEA Market Attractiveness by Propulsion Type, 2022 to 2032
Figure 177: MEA Market Attractiveness by Voltage Type, 2022 to 2032
Figure 178: MEA Market Attractiveness by Technology Type, 2022 to 2032
Figure 179: MEA Market Attractiveness by Vehicle Type, 2022 to 2032
Figure 180: MEA Market Attractiveness by Country, 2022 to 2032
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- FAQs -
What is the Current Traction Inverter Market Size?
The Traction Inverter Market size is anticipated to be over US$ 15386.60 Mn in 2022.
What is the sales forecast for the traction inverter market?
The value of the traction inverter market is projected to increase at a CAGR of around 17.2 during 2022 – 2032.
What is the Future Scope of Growth for the Traction Inverter Market?
The Traction Inverter Market is expected to surpass US$ 75234.81 Mn by 2032.
Which Region Holds the Highest Revenue Potential in the Traction Inverter Market?
Asia Pacific’s traction inverter market holds the highest revenue potential.
Traction Inverter Market