The North America Electric Vehicle Power Inverter Market would witness market growth of 9.4% CAGR during the forecast period (2022-2028).
Multicore, lockstep MCUs, SBCs, CAN PHYs, and high-voltage gate drivers are some of the components for EV power inverter control applications that are deployed with system-level functional safety capabilities. A number of manufacturers across the market are introducing simple-to-use design platforms along with system enablement software to expedite inverter development, providing customers with a robust foundation for their system development.
These design platforms come with hardware and software as well as schematics, BoMs, layout files, and safety documentation for usage with SiC MOSFET or IGBT modules. One of the essential parts of an electric vehicle is the power inverter, which, under ideal circumstances, transforms battery DC power into AC power within electric motors. Inverter manufacturers have enhanced inverter capabilities to manage energy, in reverse, from both sources in response to automakers' rising demand to reduce energy use in vehicles (i.e., battery and motor).
Numerous steps are being taken by the government to tackle climate change, widen access to sustainable energy options, and lessen the United States' reliance on oil. Due to this, the Administration announced a series of unprecedented initiatives in 2016 from the Federal government, the private sector, and states today. These initiatives include a new framework for cooperation for automakers, electric vehicle charging companies, electric utilities, and states, all aimed at accelerating the implementation of electric vehicle charging infrastructure.
The US market dominated the North America Electric Vehicle Power Inverter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,958.1 million by 2028. The Canada market is poised to grow at a CAGR of 11.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11% during (2022 - 2028).
Based on Inverter Type, the market is segmented into Traction Inverter and Soft Switching Inverter. Based on Propulsion, the market is segmented into Battery Electric Vehicle, Plug in Hybrid Vehicle, and Hybrid Vehicle. Based on Level of Integration, the market is segmented into Integrated Inverter System, Separate Inverter System, and Mechatronic Integration System. Based on Vehicle Type, the market is segmented into Passenger Vehicle and Commercial Vehicle. Based on Distribution Channel, the market is segmented into OEM and Aftermarket. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Electric Vehicle Power Inverter Market is Estimated to reach $15.5 Billion by 2028, at a CAGR of 10.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Continental AG, Robert Bosch GmbH, Denso Corporation, Valeo SA, Mitsubishi Electric Corporation, Aptiv PLC, Toyota Industries Corporation, Nissan Motor Corporation and Marelli.
Scope of the Study
Market Segments Covered in the Report:
By Inverter Type
- Traction Inverter
- Soft Switching Inverter
By Propulsion
- Battery Electric Vehicle
- Plug in Hybrid Vehicle
- Hybrid Vehicle
By Level of Integration
- Integrated Inverter System
- Separate Inverter System
- Mechatronic Integration System
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Distribution Channel
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- Continental AG
- Robert Bosch GmbH
- Denso Corporation
- Valeo SA
- Mitsubishi Electric Corporation
- Aptiv PLC
- Toyota Industries Corporation
- Nissan Motor Corporation
- Marelli
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Electric Vehicle Power Inverter Market, by Inverter Type
1.4.2 North America Electric Vehicle Power Inverter Market, by Propulsion
1.4.3 North America Electric Vehicle Power Inverter Market, by Level of Integration
1.4.4 North America Electric Vehicle Power Inverter Market, by Vehicle Type
1.4.5 North America Electric Vehicle Power Inverter Market, by Distribution Channel
1.4.6 North America Electric Vehicle Power Inverter Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Electric Vehicle Power Inverter Market by Inverter Type
3.1 North America Traction Inverter Market by Country
3.2 North America Soft Switching Inverter Market by Country
Chapter 4. North America Electric Vehicle Power Inverter Market by Propulsion
4.1 North America Battery Electric Vehicle Market by Country
4.2 North America Plug in Hybrid Vehicle Market by Country
4.3 North America Hybrid Vehicle Market by Country
Chapter 5. North America Electric Vehicle Power Inverter Market by Level of Integration
5.1 North America Integrated Inverter System Market by Country
5.2 North America Separate Inverter System Market by Country
5.3 North America Mechatronic Integration System Market by Country
Chapter 6. North America Electric Vehicle Power Inverter Market by Vehicle Type
6.1 North America Passenger Vehicle Market by Country
6.2 North America Commercial Vehicle Market by Country
Chapter 7. North America Electric Vehicle Power Inverter Market by Distribution Channel
7.1 North America OEM Market by Country
7.2 North America Aftermarket Market by Country
Chapter 8. North America Electric Vehicle Power Inverter Market by Country
8.1 US Electric Vehicle Power Inverter Market
8.1.1 US Electric Vehicle Power Inverter Market by Inverter Type
8.1.2 US Electric Vehicle Power Inverter Market by Propulsion
8.1.3 US Electric Vehicle Power Inverter Market by Level of Integration
8.1.4 US Electric Vehicle Power Inverter Market by Vehicle Type
8.1.5 US Electric Vehicle Power Inverter Market by Distribution Channel
8.2 Canada Electric Vehicle Power Inverter Market
8.2.1 Canada Electric Vehicle Power Inverter Market by Inverter Type
8.2.2 Canada Electric Vehicle Power Inverter Market by Propulsion
8.2.3 Canada Electric Vehicle Power Inverter Market by Level of Integration
8.2.4 Canada Electric Vehicle Power Inverter Market by Vehicle Type
8.2.5 Canada Electric Vehicle Power Inverter Market by Distribution Channel
8.3 Mexico Electric Vehicle Power Inverter Market
8.3.1 Mexico Electric Vehicle Power Inverter Market by Inverter Type
8.3.2 Mexico Electric Vehicle Power Inverter Market by Propulsion
8.3.3 Mexico Electric Vehicle Power Inverter Market by Level of Integration
8.3.4 Mexico Electric Vehicle Power Inverter Market by Vehicle Type
8.3.5 Mexico Electric Vehicle Power Inverter Market by Distribution Channel
8.4 Rest of North America Electric Vehicle Power Inverter Market
8.4.1 Rest of North America Electric Vehicle Power Inverter Market by Inverter Type
8.4.2 Rest of North America Electric Vehicle Power Inverter Market by Propulsion
8.4.3 Rest of North America Electric Vehicle Power Inverter Market by Level of Integration
8.4.4 Rest of North America Electric Vehicle Power Inverter Market by Vehicle Type
8.4.5 Rest of North America Electric Vehicle Power Inverter Market by Distribution Channel
Chapter 9. Company Profiles
9.1 Siemens AG
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.6 SWOT Analysis
9.2 Continental AG
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Robert Bosch GmbH
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 Denso Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.5 Valeo SA
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.6 Mitsubishi Electric Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.7 Aptiv PLC
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.8 Toyota Industries Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.8.4 Research & Development Expense
9.9 Nissan Motor Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.10. Marelli
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Product Launches and Product Expansions:
TABLE 1 North America Electric Vehicle Power Inverter Market, 2018 - 2021, USD Million
TABLE 2 North America Electric Vehicle Power Inverter Market, 2022 - 2028, USD Million
TABLE 3 North America Electric Vehicle Power Inverter Market by Inverter Type, 2018 - 2021, USD Million
TABLE 4 North America Electric Vehicle Power Inverter Market by Inverter Type, 2022 - 2028, USD Million
TABLE 5 North America Traction Inverter Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Traction Inverter Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Soft Switching Inverter Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Soft Switching Inverter Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Electric Vehicle Power Inverter Market by Propulsion, 2018 - 2021, USD Million
TABLE 10 North America Electric Vehicle Power Inverter Market by Propulsion, 2022 - 2028, USD Million
TABLE 11 North America Battery Electric Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Battery Electric Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Plug in Hybrid Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Plug in Hybrid Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Hybrid Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Hybrid Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Electric Vehicle Power Inverter Market by Level of Integration, 2018 - 2021, USD Million
TABLE 18 North America Electric Vehicle Power Inverter Market by Level of Integration, 2022 - 2028, USD Million
TABLE 19 North America Integrated Inverter System Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Integrated Inverter System Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Separate Inverter System Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Separate Inverter System Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Mechatronic Integration System Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Mechatronic Integration System Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Electric Vehicle Power Inverter Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 26 North America Electric Vehicle Power Inverter Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 27 North America Passenger Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Passenger Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Commercial Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Commercial Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Electric Vehicle Power Inverter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 32 North America Electric Vehicle Power Inverter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 33 North America OEM Market by Country, 2018 - 2021, USD Million
TABLE 34 North America OEM Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Aftermarket Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Aftermarket Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Electric Vehicle Power Inverter Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Electric Vehicle Power Inverter Market by Country, 2022 - 2028, USD Million
TABLE 39 US Electric Vehicle Power Inverter Market, 2018 - 2021, USD Million
TABLE 40 US Electric Vehicle Power Inverter Market, 2022 - 2028, USD Million
TABLE 41 US Electric Vehicle Power Inverter Market by Inverter Type, 2018 - 2021, USD Million
TABLE 42 US Electric Vehicle Power Inverter Market by Inverter Type, 2022 - 2028, USD Million
TABLE 43 US Electric Vehicle Power Inverter Market by Propulsion, 2018 - 2021, USD Million
TABLE 44 US Electric Vehicle Power Inverter Market by Propulsion, 2022 - 2028, USD Million
TABLE 45 US Electric Vehicle Power Inverter Market by Level of Integration, 2018 - 2021, USD Million
TABLE 46 US Electric Vehicle Power Inverter Market by Level of Integration, 2022 - 2028, USD Million
TABLE 47 US Electric Vehicle Power Inverter Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 48 US Electric Vehicle Power Inverter Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 49 US Electric Vehicle Power Inverter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 50 US Electric Vehicle Power Inverter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 51 Canada Electric Vehicle Power Inverter Market, 2018 - 2021, USD Million
TABLE 52 Canada Electric Vehicle Power Inverter Market, 2022 - 2028, USD Million
TABLE 53 Canada Electric Vehicle Power Inverter Market by Inverter Type, 2018 - 2021, USD Million
TABLE 54 Canada Electric Vehicle Power Inverter Market by Inverter Type, 2022 - 2028, USD Million
TABLE 55 Canada Electric Vehicle Power Inverter Market by Propulsion, 2018 - 2021, USD Million
TABLE 56 Canada Electric Vehicle Power Inverter Market by Propulsion, 2022 - 2028, USD Million
TABLE 57 Canada Electric Vehicle Power Inverter Market by Level of Integration, 2018 - 2021, USD Million
TABLE 58 Canada Electric Vehicle Power Inverter Market by Level of Integration, 2022 - 2028, USD Million
TABLE 59 Canada Electric Vehicle Power Inverter Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 60 Canada Electric Vehicle Power Inverter Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 61 Canada Electric Vehicle Power Inverter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 62 Canada Electric Vehicle Power Inverter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 63 Mexico Electric Vehicle Power Inverter Market, 2018 - 2021, USD Million
TABLE 64 Mexico Electric Vehicle Power Inverter Market, 2022 - 2028, USD Million
TABLE 65 Mexico Electric Vehicle Power Inverter Market by Inverter Type, 2018 - 2021, USD Million
TABLE 66 Mexico Electric Vehicle Power Inverter Market by Inverter Type, 2022 - 2028, USD Million
TABLE 67 Mexico Electric Vehicle Power Inverter Market by Propulsion, 2018 - 2021, USD Million
TABLE 68 Mexico Electric Vehicle Power Inverter Market by Propulsion, 2022 - 2028, USD Million
TABLE 69 Mexico Electric Vehicle Power Inverter Market by Level of Integration, 2018 - 2021, USD Million
TABLE 70 Mexico Electric Vehicle Power Inverter Market by Level of Integration, 2022 - 2028, USD Million
TABLE 71 Mexico Electric Vehicle Power Inverter Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 72 Mexico Electric Vehicle Power Inverter Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 73 Mexico Electric Vehicle Power Inverter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 74 Mexico Electric Vehicle Power Inverter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 75 Rest of North America Electric Vehicle Power Inverter Market, 2018 - 2021, USD Million
TABLE 76 Rest of North America Electric Vehicle Power Inverter Market, 2022 - 2028, USD Million
TABLE 77 Rest of North America Electric Vehicle Power Inverter Market by Inverter Type, 2018 - 2021, USD Million
TABLE 78 Rest of North America Electric Vehicle Power Inverter Market by Inverter Type, 2022 - 2028, USD Million
TABLE 79 Rest of North America Electric Vehicle Power Inverter Market by Propulsion, 2018 - 2021, USD Million
TABLE 80 Rest of North America Electric Vehicle Power Inverter Market by Propulsion, 2022 - 2028, USD Million
TABLE 81 Rest of North America Electric Vehicle Power Inverter Market by Level of Integration, 2018 - 2021, USD Million
TABLE 82 Rest of North America Electric Vehicle Power Inverter Market by Level of Integration, 2022 - 2028, USD Million
TABLE 83 Rest of North America Electric Vehicle Power Inverter Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 84 Rest of North America Electric Vehicle Power Inverter Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 85 Rest of North America Electric Vehicle Power Inverter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 86 Rest of North America Electric Vehicle Power Inverter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 87 Key Information – Siemens AG
TABLE 88 Key Information – Continental AG
TABLE 89 key information – Robert Bosch GmbH
TABLE 90 key information – Denso Corporation
TABLE 91 key information – Valeo SA
TABLE 92 key information – Mitsubishi Electric Corporation
TABLE 93 Key Information – Aptiv PLC
TABLE 94 Key Information – Toyota Industries Corporation
TABLE 95 Key information – Nissan Motor Corporation
TABLE 96 Key information – Marelli
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: Siemens AG
FIG 3 SWOT Analysis: Continental AG
FIG 4 Swot analysis: Robert Bosch GmbH