The Asia Pacific Electric Vehicle Power Inverter Market would witness market growth of 10.9% CAGR during the forecast period (2022-2028).
In order to lead the power electronics technology in the market, a number of researchers are focusing on the entire spectrum of electronic engineering and development, encompassing inverters, power electronics, and DC/DC converters. An electric vehicle power inverter is also known as an electrical transformer and converts 12-volt direct current to 120-volt alternating current. This makes it possible for the customer to use small electrical equipment that is typically plugged into a wall outlet.
When the engine is operating, the battery and alternator power the 12-volt DC electrical system in a car. Users can access the system through the inverter and use a little quantity of power to run 120-volt AC gadgets. Modified sine wave and pure sine wave power inverters are the two different forms. A majority of small devices can be powered by modified sine wave inverters, which are more cost-effective and more prevalent.
The transportation industry in India is very strong, however, the demand for fuels is significantly higher than its supply. According to the Indian Bureau of energy efficiency, in India, the transport industry uses 18% of the country's total energy. This equates to around 94 million tons of energy equivalent. By 2030, India would need an estimated 200 MTOE of energy supply yearly to meet the demand of this industry if it continued its current patterns of energy use.
The China market dominated the Asia Pacific 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 $1,973.1 million by 2028. The Japan market is estimated to grow a CAGR of 10.3% during (2022 - 2028). Additionally, The Taiwan market is expected to witness a CAGR of 11.8% 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 China, Japan, Taiwan, India, South Korea, Singapore, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Electric Vehicle Power Inverter Market is Projected to reach USD 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
- China
- Japan
- India
- South Korea
- Singapore
- Taiwan
- Rest of Asia Pacific
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
TABLE 1 Asia Pacific Electric Vehicle Power Inverter Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Electric Vehicle Power Inverter Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Electric Vehicle Power Inverter Market by Inverter Type, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Electric Vehicle Power Inverter Market by Inverter Type, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Traction Inverter Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Traction Inverter Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Soft Switching Inverter Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Soft Switching Inverter Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Electric Vehicle Power Inverter Market by Propulsion, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Electric Vehicle Power Inverter Market by Propulsion, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Battery Electric Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Battery Electric Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Plug in Hybrid Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Plug in Hybrid Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Hybrid Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Hybrid Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Electric Vehicle Power Inverter Market by Level of Integration, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Electric Vehicle Power Inverter Market by Level of Integration, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Integrated Inverter System Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Integrated Inverter System Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Separate Inverter System Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Separate Inverter System Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Mechatronic Integration System Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Mechatronic Integration System Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Electric Vehicle Power Inverter Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Electric Vehicle Power Inverter Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Passenger Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Passenger Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Commercial Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Commercial Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Electric Vehicle Power Inverter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Electric Vehicle Power Inverter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 33 Asia Pacific OEM Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific OEM Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Aftermarket Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Aftermarket Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Electric Vehicle Power Inverter Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Electric Vehicle Power Inverter Market by Country, 2022 - 2028, USD Million
TABLE 39 China Electric Vehicle Power Inverter Market, 2018 - 2021, USD Million
TABLE 40 China Electric Vehicle Power Inverter Market, 2022 - 2028, USD Million
TABLE 41 China Electric Vehicle Power Inverter Market by Inverter Type, 2018 - 2021, USD Million
TABLE 42 China Electric Vehicle Power Inverter Market by Inverter Type, 2022 - 2028, USD Million
TABLE 43 China Electric Vehicle Power Inverter Market by Propulsion, 2018 - 2021, USD Million
TABLE 44 China Electric Vehicle Power Inverter Market by Propulsion, 2022 - 2028, USD Million
TABLE 45 China Electric Vehicle Power Inverter Market by Level of Integration, 2018 - 2021, USD Million
TABLE 46 China Electric Vehicle Power Inverter Market by Level of Integration, 2022 - 2028, USD Million
TABLE 47 China Electric Vehicle Power Inverter Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 48 China Electric Vehicle Power Inverter Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 49 China Electric Vehicle Power Inverter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 50 China Electric Vehicle Power Inverter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 51 Japan Electric Vehicle Power Inverter Market, 2018 - 2021, USD Million
TABLE 52 Japan Electric Vehicle Power Inverter Market, 2022 - 2028, USD Million
TABLE 53 Japan Electric Vehicle Power Inverter Market by Inverter Type, 2018 - 2021, USD Million
TABLE 54 Japan Electric Vehicle Power Inverter Market by Inverter Type, 2022 - 2028, USD Million
TABLE 55 Japan Electric Vehicle Power Inverter Market by Propulsion, 2018 - 2021, USD Million
TABLE 56 Japan Electric Vehicle Power Inverter Market by Propulsion, 2022 - 2028, USD Million
TABLE 57 Japan Electric Vehicle Power Inverter Market by Level of Integration, 2018 - 2021, USD Million
TABLE 58 Japan Electric Vehicle Power Inverter Market by Level of Integration, 2022 - 2028, USD Million
TABLE 59 Japan Electric Vehicle Power Inverter Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 60 Japan Electric Vehicle Power Inverter Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 61 Japan Electric Vehicle Power Inverter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 62 Japan Electric Vehicle Power Inverter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 63 Taiwan Electric Vehicle Power Inverter Market, 2018 - 2021, USD Million
TABLE 64 Taiwan Electric Vehicle Power Inverter Market, 2022 - 2028, USD Million
TABLE 65 Taiwan Electric Vehicle Power Inverter Market by Inverter Type, 2018 - 2021, USD Million
TABLE 66 Taiwan Electric Vehicle Power Inverter Market by Inverter Type, 2022 - 2028, USD Million
TABLE 67 Taiwan Electric Vehicle Power Inverter Market by Propulsion, 2018 - 2021, USD Million
TABLE 68 Taiwan Electric Vehicle Power Inverter Market by Propulsion, 2022 - 2028, USD Million
TABLE 69 Taiwan Electric Vehicle Power Inverter Market by Level of Integration, 2018 - 2021, USD Million
TABLE 70 Taiwan Electric Vehicle Power Inverter Market by Level of Integration, 2022 - 2028, USD Million
TABLE 71 Taiwan Electric Vehicle Power Inverter Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 72 Taiwan Electric Vehicle Power Inverter Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 73 Taiwan Electric Vehicle Power Inverter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 74 Taiwan Electric Vehicle Power Inverter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 75 India Electric Vehicle Power Inverter Market, 2018 - 2021, USD Million
TABLE 76 India Electric Vehicle Power Inverter Market, 2022 - 2028, USD Million
TABLE 77 India Electric Vehicle Power Inverter Market by Inverter Type, 2018 - 2021, USD Million
TABLE 78 India Electric Vehicle Power Inverter Market by Inverter Type, 2022 - 2028, USD Million
TABLE 79 India Electric Vehicle Power Inverter Market by Propulsion, 2018 - 2021, USD Million
TABLE 80 India Electric Vehicle Power Inverter Market by Propulsion, 2022 - 2028, USD Million
TABLE 81 India Electric Vehicle Power Inverter Market by Level of Integration, 2018 - 2021, USD Million
TABLE 82 India Electric Vehicle Power Inverter Market by Level of Integration, 2022 - 2028, USD Million
TABLE 83 India Electric Vehicle Power Inverter Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 84 India Electric Vehicle Power Inverter Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 85 India Electric Vehicle Power Inverter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 86 India Electric Vehicle Power Inverter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 87 South Korea Electric Vehicle Power Inverter Market, 2018 - 2021, USD Million
TABLE 88 South Korea Electric Vehicle Power Inverter Market, 2022 - 2028, USD Million
TABLE 89 South Korea Electric Vehicle Power Inverter Market by Inverter Type, 2018 - 2021, USD Million
TABLE 90 South Korea Electric Vehicle Power Inverter Market by Inverter Type, 2022 - 2028, USD Million
TABLE 91 South Korea Electric Vehicle Power Inverter Market by Propulsion, 2018 - 2021, USD Million
TABLE 92 South Korea Electric Vehicle Power Inverter Market by Propulsion, 2022 - 2028, USD Million
TABLE 93 South Korea Electric Vehicle Power Inverter Market by Level of Integration, 2018 - 2021, USD Million
TABLE 94 South Korea Electric Vehicle Power Inverter Market by Level of Integration, 2022 - 2028, USD Million
TABLE 95 South Korea Electric Vehicle Power Inverter Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 96 South Korea Electric Vehicle Power Inverter Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 97 South Korea Electric Vehicle Power Inverter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 98 South Korea Electric Vehicle Power Inverter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 99 Singapore Electric Vehicle Power Inverter Market, 2018 - 2021, USD Million
TABLE 100 Singapore Electric Vehicle Power Inverter Market, 2022 - 2028, USD Million
TABLE 101 Singapore Electric Vehicle Power Inverter Market by Inverter Type, 2018 - 2021, USD Million
TABLE 102 Singapore Electric Vehicle Power Inverter Market by Inverter Type, 2022 - 2028, USD Million
TABLE 103 Singapore Electric Vehicle Power Inverter Market by Propulsion, 2018 - 2021, USD Million
TABLE 104 Singapore Electric Vehicle Power Inverter Market by Propulsion, 2022 - 2028, USD Million
TABLE 105 Singapore Electric Vehicle Power Inverter Market by Level of Integration, 2018 - 2021, USD Million
TABLE 106 Singapore Electric Vehicle Power Inverter Market by Level of Integration, 2022 - 2028, USD Million
TABLE 107 Singapore Electric Vehicle Power Inverter Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 108 Singapore Electric Vehicle Power Inverter Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 109 Singapore Electric Vehicle Power Inverter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 110 Singapore Electric Vehicle Power Inverter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 111 Rest of Asia Pacific Electric Vehicle Power Inverter Market, 2018 - 2021, USD Million
TABLE 112 Rest of Asia Pacific Electric Vehicle Power Inverter Market, 2022 - 2028, USD Million
TABLE 113 Rest of Asia Pacific Electric Vehicle Power Inverter Market by Inverter Type, 2018 - 2021, USD Million
TABLE 114 Rest of Asia Pacific Electric Vehicle Power Inverter Market by Inverter Type, 2022 - 2028, USD Million
TABLE 115 Rest of Asia Pacific Electric Vehicle Power Inverter Market by Propulsion, 2018 - 2021, USD Million
TABLE 116 Rest of Asia Pacific Electric Vehicle Power Inverter Market by Propulsion, 2022 - 2028, USD Million
TABLE 117 Rest of Asia Pacific Electric Vehicle Power Inverter Market by Level of Integration, 2018 - 2021, USD Million
TABLE 118 Rest of Asia Pacific Electric Vehicle Power Inverter Market by Level of Integration, 2022 - 2028, USD Million
TABLE 119 Rest of Asia Pacific Electric Vehicle Power Inverter Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 120 Rest of Asia Pacific Electric Vehicle Power Inverter Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 121 Rest of Asia Pacific Electric Vehicle Power Inverter Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 122 Rest of Asia Pacific Electric Vehicle Power Inverter Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 123 Key Information – Siemens AG
TABLE 124 Key Information – Continental AG
TABLE 125 key information – Robert Bosch GmbH
TABLE 126 key information – Denso Corporation
TABLE 127 key information – Valeo SA
TABLE 128 key information – Mitsubishi Electric Corporation
TABLE 129 Key Information – Aptiv PLC
TABLE 130 Key Information – Toyota Industries Corporation
TABLE 131 Key information – Nissan Motor Corporation
TABLE 132 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