Lucintel Forecasts Electric Vehicle Power Inverter Market to Reach $XX Billion by 2028

Market-Research

According to the recent study the electric vehicle power inverter market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 22% to 24% from 2023 to 2028. Growth in this market is primarily driven by increasing government initiatives towards pollution-free environment, reduced cost of inverter components, and growth in the sale of electric vehicles.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in electric vehicle power inverter market by propulsion (full hybrid vehicle, plug-in hybrid vehicle, and battery electric vehicle), inverter type (traction inverter and soft-switching inverter), vehicle type (passenger vehicle and commercial vehicle), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/electric-vehicle-power-inverter-market.aspx

“Battery electric vehicle market is expected to remain the largest segment during the forecast period.”

Based on propulsion, the electric vehicle power inverter market is segmented into full hybrid vehicle, plug-in hybrid vehicle, and battery electric vehicle. Lucintel forecasts that the battery electric vehicle market is expected to remain the largest segment due to increase in sale of battery electric cars and comparatively high cost of HEVs than other types of electric vehicles has gradual shifted the consumer preference from HEVs to BEVs.

“Within the electric vehicle power inverter market, the traction inverter segment is expected to remain the largest inverter type”

Based on inverter type the traction inverter segment is expected to witness the highest growth over the forecast period due to the ability to work with multiple motor technologies including AC induction, permanent-magnet synchronous (PMS), and interior permanent-magnet (IPM) types.

“Asia pacific will dominate the electric vehicle power inverter market in near future”

APAC will remain the largest region due to the increasing efforts being taken by the government of China to promote adoption of electric vehicles on the road and rise in demand for solar powered electric vehicles.

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Major players of electric vehicle power inverter market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Continental, Robert Bosch, Hitachi Automotive Systems, Toyota, Denso, Aptiv, Meidensha, Mitsubishi Electric, Valeo, and Infineon Technologies are among the major electric vehicle power inverter providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/electric-vehicle-power-inverter-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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