Global Electric Vehicle Power Inverter Market to Signify Strong Growth by 2022-2028

The global electric vehicle power inverter market is anticipated to grow at a significant CAGR of 21.9% during the forecast period. The primary factor contributing towards the growth of the market includes governments’ initiatives to reduce pollution and harmful gasses for an eco-friendly environment. It has encouraged governments across the globe to electrify the automobile industry by subsidizing electric vehicles for consumers. This has increased the demand and production of electric vehicles which uses battery and power inverters in place of fuel that emits harmful gases. Therefore, the growth of the electric vehicle market propels the growth of the electric vehicle power inverter market. For instance, in March 2022, Italy government unveiled its plans to subsidize new electric vehicles up to $6,570 of the purchase price as part of the plan to support the electrification of the vehicles.

Get Free Sample link @ https://www.omrglobal.com/request-sample/electric-vehicle-power-inverter-market

COVID-19 pandemic had impacted most the industries including the global automotive industry significantly owning to the lockdown in most the nations to control the spread of the virus. It affected the overall demand for vehicles in the market. However, the electric vehicle market showed significant growth which is also reflected in the growth of power inverters. As per the data of the International Energy Agency (IEA) 2020, electric car sales reached 2,977,058 vehicle units globally which is 40.8% more than the sales of electric cars in 2019.

A full report of Global Electric Vehicle Power Inverter Market available @ https://www.omrglobal.com/industry-reports/electric-vehicle-power-inverter-market

  • Market Coverage
  • Market number available for – 2022-2028
  • Base year- 2021
  • Forecast period- 2022-2028
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Market Segmentation

Global Electric Vehicle Power Inverter Market by Type

  • Traction Inverter
  • Soft Switching Inverter

Global Electric Vehicle Power Inverter Market by Propulsion Type

  • Hybrid Electric Vehicles
  • Plug-in Hybrid Electric Vehicle
  • Battery Electric Vehicle
  • Fuel Cell Electric Vehicle

Global Electric Vehicle Power Inverter Market by Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

Regional Analysis

  • North America
  • US
  • Canada
  • Europe
  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Rest of the World

Company Profiles 

  • BorgWarner Inc.
  • Continental AG
  • Danfoss A/S
  • Eaton Corp. plc
  • Fuji Electric Co., Ltd.
  • Infineon
  • Marelli Holdings Co., Ltd
  • MEIDENSHA CORP.
  • Robert Bosch GmbH
  • Vitesco Technologies Group AG

The Report Covers

  • Market value data analysis of 2021 and forecast to 2028.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global electric vehicle power inverter market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/electric-vehicle-power-inverter-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 780-304-0404