Dublin, Feb. 22, 2019 (GLOBE NEWSWIRE) -- The "Vehicle Inverters Market Propulsion Type, Output Power Type, Technology Type, Semiconductor Materials Type, By Vehicle Type, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
Strict government regulations regarding carbon emissions and an increase in sales of electric vehicles have driven the vehicle inverters market globally
The global vehicle inverters market is estimated to grow from USD 2.5 billion in 2018 at a CAGR of 17.57% to reach USD 7.7 billion by 2025.
With a huge emphasis on the environmental norms, the electric vehicle market has seen decent growth, and this has led to a growth in its adjacent markets. However, improvement in electronic units in vehicles is challenged by the rising faults and malfunctioning of various units such as controllers, sensors, and capacitors. For example, the failure of DC link capacitors or any IGBT power device can cause an inverter to generate faulty torques at the wheels, causing unsafe driving conditions.
Increasing adoption of EVs in the automotive industry is expected to drive the BEV-based vehicle inverters market.
The BEV-based vehicle inverters market is the fastest and the largest growing segment of the vehicle inverters market. BEVs are considered as zero-emission vehicles. The rebates from the governments on ZEV's (Zero-Emission Vehicles) purchase can help to increase the BEV sales. Hence, the sale of BEVs is expected to increase in the coming years, which will drive the BEV-based vehicle inverters market.
IGBT-based vehicle inverters market is projected to be the largest market during the forecast period.
Heavy investments by vehicle manufacturers in the research and development of the electrification of vehicles is contributing to the growth of the vehicle inverters market. IGBT-based vehicle inverters can withstand high voltage as the newer version of electric vehicles needs to have higher output capacity. The IGBT market is projected to grow due to the growing demand for electric vehicles that require high power efficiency and faster switching capabilities. Hence, IGBT-based vehicle inverters market, by technology type (power module), is projected to be the largest.
North America is expected to be the second largest market during the forecast period.
Asia Pacific is estimated to be the largest automotive market followed by North America and Europe. North America is home to leading vehicle manufacturers such as Ford Motors, General Motors, and Tesla. The North American automotive industry has witnessed rapid development because of favorable policies adopted by the government in the manufacturing sector.
The US is estimated to account for the largest share of the North American vehicle inverters market during the forecast period. The US automotive industry is highly inclined toward innovation, technology, and development of carbon emission free vehicles. Factors such as stringent emission norms and rising technological advancements in the manufacturing of environment friendly vehicles are expected to propel the North American vehicle inverters market.
The vehicle inverters market comprises major manufacturers such as Denso (Japan), Delphi Technologies (UK), Continental AG (Germany), Mitsubishi Electric Corporation (Japan), Toshiba (Japan), and Hitachi (Japan).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Vehicle Inverters Market
4.2 Vehicle Inverters Market, By Region
4.3 Market, By Country
4.4 Market, By Output Power
4.5 Market, By Technology (Power Module)
4.6 Market, By Propulsion Type
4.7 Market, By Semiconductor Materials Type
4.8 Market, By Vehicle Type
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in Sales of Electric Vehicles Globally
5.2.1.2 Surge in the Use of Various Handheld and Household Devices in Vehicles
5.2.1.3 Usage of Navigation Devices and Smartphones By Cab Aggregators, Car Rental, and Fleet Management Service Providers
5.2.2 Restraints
5.2.2.1 Lower Utilization of Battery Power for Necessary Vehicle Applications
5.2.2.2 Complex Design and Integration Process for Advanced Applications
5.2.2.3 Functional Safety Requirements
5.2.3 Opportunities
5.2.3.1 Development of High Power Density Inverters
5.2.3.2 Demand for Combined Inverter and Dc/Dc Converter
5.2.4 Challenges
5.2.4.1 Increase in the Overall Weight of the Vehicle and More Space Consumption By the Inverter
6 Industry Trends
6.1 Introduction
6.2 Technology Overview
6.2.1 Development of Multilevel Inverters for EV Applications
6.2.2 New Semiconductor Materials: Silicon Carbide and Gallium Nitride
6.2.2.1 Silicon Carbide (SiC)
6.2.2.2 Gallium Nitride (GaN)
6.2.3 Emergence of Advanced Vehicle Inverters in Electric Vehicles
6.3 Regulatory Overview
6.4 Value Chain Analysis
7 Electric Vehicle Inverters Market, By Propulsion Type
7.1 Introduction
7.2 Research Methodology
7.3 Battery Electric Vehicle (BEV)
7.3.1 Increase in Sales of BEV Will Boost the Market of Vehicle Inverters Globally
7.4 Hybrid Electric Vehicle (HEV)
7.4.1 Rise in Usage of Fully Hybrid Vehicles Will Fuel the Market of Vehicle Inverters
7.5 Plug-In Hybrid Electric Vehicle (PHEV)
7.5.1 Better Charging Infrastructure Will Directly Propel the Vehicle Inverters Market
7.6 Key Industry Insights
8 Electric Vehicle Inverters Market, By Technology Type (Power Module)
8.1 Introduction
8.2 Research Methodology
8.3 IGBT
8.3.1 IGBT Provides Faster Switching Capabilities and Suitable for High Power Applications
8.4 Mosfet
8.4.1 Mosfet has the Advantages of Higher Commutation Speed and Greater Efficiency During Operation at Low Voltages
8.5 Key Industry Insights
9 Electric Vehicle Inverters Market, By Semiconductor Materials Type
9.1 Introduction
9.2 Research Methodology
9.3 Gallium Nitride
9.3.1 Gallium Nitride Specialized Semiconductor Usually Used in Optical Electronics
9.4 Silicon
9.4.1 Silicon Devices Supports High Frequency Switching Applications
9.5 Silicon Carbide
9.5.1 Silicon Carbide Materials Provide Greater Thermal Management Flexibility
9.6 Key Industry Insights
10 Electric Vehicle Inverters Market, By Output Power
10.1 Introduction
10.2 Research Methodology
10.3 <= 130kW
10.3.1 Suitable for Fwd Or Rwd Wheel Drive Vehicles
10.4 > 130kW
10.4.1 Best Suited for Awd Wheel Drive Vehicles
10.5 Key Industry Insights
11 Vehicle Inverters Market, By Vehicle Type
11.1 Introduction
11.2 Research Methodology
11.3 Passenger Cars
11.3.1 Vehicle Inverters Find Application in Lower Power Usage Devices in Passenger Cars
11.4 Commercial Vehicles
11.4.1 Vehicle Inverters Enable the Usage of Household Electric Appliances in Commercial Vehicles
11.5 Key Industry Insights
12 Electric Vehicle Inverters Market, By Region
13 Competitive Landscape
14 Company Profiles
14.1 Denso
14.2 Delphi Technologies
14.3 Continental AG
14.4 Robert Bosch GmbH
14.5 Mitsubishi Electric Corporation
14.6 Hitachi
14.7 Valeo
14.8 Fuji Electric
14.9 Lear Corporation
14.10 Toshiba
14.11 Additional Company Profiles
14.11.1 Toyota Industries
14.11.2 Calsonic Kansei
14.11.3 Sensata Technologies
14.11.4 Samlex Europe
14.11.5 Metric Mind Corporation
14.11.6 Xantrex
14.11.7 Aims Power Compacts
14.11.8 Stanley Black & Decker
14.11.9 Bestek Corp
14.11.10 Energizer
For more information about this report visit https://www.researchandmarkets.com/research/hldn7t/7_7_bn_vehicle?w=12
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.