Electric mobility is growing at a rapid pace owing to the increasing sales of battery electric vehicle and plug-in electric vehicle. With a number of countries focused on achieving set targets of reduced carbon footprint by 2030, putting a limit to the sales of conventional internal combustion (ICE) vehicles, has become one of the major priorities for federal governments, which is playing an important role in the growing adoption of alternate energy vehicles. 

Browse an in-depth TOC on “Automotive Inverter Market”

https://bisresearch.com/industry-report/automotive-inverter-market.html

Additionally, policies such as adopting vehicle and charging standards, supporting deployment of charging infrastructure and roll-out of publicly accessible chargers within and outside the city network are also influencing the adoption of electric mobility globally. Even though the purchase prices of EVs are currently higher than internal combustion engine vehicles, several measures such as providing subsidies for the purchase of electric vehicles and assigning incentives for the development of private home charging and public charging infrastructure have been largely boosting the sales of alternate energy vehicles in countries such as China, Japan, the U.S., Canada, Germany, the U.K., France, the Netherlands, and Norway, among others. With a view to increase the travelling range of alternate energy vehicles, various developments related to battery and inverter technology are being carried out by automotive, battery and inverter manufacturers. Once the development of these technologies and materials reach an optimum level, the prices of alternate energy vehicles are expected to reduce, giving rise to their adoption on a massive scale. Since the automotive inverter is an integral part of an alternate energy vehicle, its demand from the original equipment manufacturers as well as from the aftermarket side is expected to increase in the coming future and have an impactful change in the alternate energy vehicle industry.

Request for a sample: https://bisresearch.com/requestsample?id=725&type=download

The global automotive inverter market is growing at a rapid pace owing to various innovations and technological advancements taking place within the automotive industry, which is paving the way for alternate energy vehicles such as battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs). Even though the consumers are still opting for conventional vehicles, the lower one-time purchase cost of BEVs and PHEVs as compared to conventional vehicles is expected to increase their consumption globally. Major automobile manufacturers such as Volkswagen AG, General Motors, and Toyota Motor Corporation, among others are planning to introduce new products, thereby attempting to increase their offerings to the industry which is expected to escalate the demand for automotive inverters in the forecast period (2019-2029).

Related Reports:

Global Electric Vehicle Fast Charging System Market – Analysis and Forecast, 2019-2029

Global Electric Vehicles Battery Market - Analysis & Forecast – 2017-2026

Global Electric Vehicles Market, Analysis & Forecast – 2017-2026

About Us:

BIS Research is a global market intelligence, research and advisory company which focuses on those emerging trends in technology which are likely to disrupt the dynamics of the market over the next five (or ten) years.

With over 150 market intelligence reports published annually, BIS Research focuses on various technology verticals such as 3D printing, advanced materials & chemicals, aerospace and defense, automotive, healthcare, electronics & semiconductors, robotics & UAV and other emerging technologies.

Each research report incorporates detailed analysis and subsequent quantification of- market dynamics, market drivers and restraints, opportunities, threats, market shares, current and emerging industry trends as well as detailed competitive landscape and intelligence.

Contact:

39111 PASEO PADRE PKWY STE 313,

FREMONT CA 94538-1686,

E-mail : sales@bisresearch.com

Call Us : +1-510-404-8135