Market Segmentation

Electric Vehicle Acquired Majority market share

Based on the Application, Electric Vehicle acquired the majority market share in the Global Automotive Inverter market in 2019. The demand for an electric vehicle is high in the region such as North America and Europe along with various subsides are introduce by the government in the Asia-Pacific to propel the sales of electric vehicle are propelling the demand for the automotive inverter. Besides this, increasing inclination toward e-mobility due to growing demand for zero-emission vehicles and snowballing investment in the electric vehicle production unit are anticipated to upsurge the growth of the Automotive Inverter market in the forthcoming years as revealed by the MarkNtel Advisors’ research report “Global Automotive Inverter Market Analysis, 2021”.

Market Opportunities

According to MarkNtel Advisors’ research report “Global Automotive Inverter Market Analysis, 2021”, the market is anticipated to grow at a CAGR of 9.0% during 2021-26F. The growth of the market is attributed to a significant upsurge in advancements in inverter technologies by a market player, burgeoning inclination to increase the travel range of electric vehicles, snowballing investment made by the governments in electric vehicle production and charging infrastructure. Moreover, formulation of various stringent policies to reduce the emission of GHG to fuel the purchase of an electric vehicle. Thus, this is is projected to grow the market of automotive inverter market at an astronomical rate in the forecast period.

Impact of COVID-19

The outbreak of COVID-19 pandemic has adversely affected the automotive as well as its associated market. The sharp decline in the sales of the electric vehicle has a profound impact on the automotive inverter market due to the temporary closure of the production unit. Besides this, shrinking R&D budget, paradigm shift of manufacturers focus to revive demand and producing BS-VI vehicles has led to sluggish growth of the market.

Competitive Landscape

According to MarkNtel Advisors’, the key players with a considerable market share in the Global Automotive Inverter market include Bosch, Continental, Denso, Mitsubishi Electric, Hyundai Mobis, Valeo Group, Lear, Toyota Industries, Magneti Marelli, Hitachi Automotive Systems, TVS Group, China Auto Electronics Group, Tata AutoComp Systems, Zhejiang Founder Motor, ABB, Arens Controls, etc.

Key Questions Answered in the Market Research Report:

1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Automotive Inverter Market?
2. What is the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, opportunities, current and future trends and regulations in the Global Automotive Inverter Market?
4. Who are the key competitors, what are their key strength and weakness and how they perform in Global Automotive Inverter Market based on competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Global Automotive Inverter Market study?

Market Outlook, Segmentation and Statistics
1) Impact of COVID-19 on Global Automotive Inverter Market
2) Market Size & Analysis
a) By Revenues (USD Million)
3) Market Share & Analysis
a) By Product Type
i) Square Wave
ii) Quasi-Sine Wave
iii) Sine Wave
b) By Application
i) Electric Vehicle
ii) Hybrid Vehicle
iii) Fuel Cell Vehicle
c) By Region
i) North America Automotive Inverter Market Outlook, 2016-2026F (USD Million)
(1) The US Automotive Inverter Market Outlook, 2016-2026F (USD Million)
(2) Canada Automotive Inverter Market Outlook, 2016-2026F (USD Million)
(3) Mexico Automotive Inverter Market Outlook, 2016-2026F (USD Million)
ii) South America Automotive Inverter Market Outlook, 2016-2026F (USD Million)
(1) Brazil Automotive Inverter Market Outlook, 2016-2026F (USD Million)
iii) Europe Automotive Inverter Market Outlook, 2016-2026F (USD Million)
(1) The UK Automotive Inverter Market Outlook, 2016-2026F (USD Million)
(2) Germany Automotive Inverter Market Outlook, 2016-2026F (USD Million)
(3) France Automotive Inverter Market Outlook, 2016-2026F (USD Million)
(4) Spain Automotive Inverter Market Outlook, 2016-2026F (USD Million)
(5) Italy Automotive Inverter Market Outlook, 2016-2026F (USD Million)
iv) Middle East & Africa Automotive Inverter Market Outlook, 2016-2026F (USD Million)
(1) GCC Automotive Inverter Market Outlook, 2016-2026F (USD Million)
(2) South Africa Automotive Inverter Market Outlook, 2016-2026F (USD Million)
v) Asia-Pacific Automotive Inverter Market Outlook, 2016-2026F (USD Million)
(1) China Automotive Inverter Market Outlook, 2016-2026F (USD Million)
(2) Japan Automotive Inverter Market Outlook, 2016-2026F (USD Million)
(3) India Automotive Inverter Market Outlook, 2016-2026F (USD Million)
d) By Company
i) Revenue Shares
ii) Strategic Factorial Indexing
iii) Competitor Placement in MarkNtel Quadrant
4) Global Automotive Inverter Market Government Regulations and Policies
5) Global Automotive Inverter Value Chain Analysis
6) Global Automotive Inverter Market Hotspots & Opportunities
7) Competition Outlook
a) Competitor Wise Growth Strategies
b) Company Profiles

Frequently Asked Questions:

Q. What is the historical year, base year and forecast year considered in the research report on Global Automotive Inverter Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.

Q. What are the units or denomination for measuring market value in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.

Q. What would be the growth rate or CAGR of Global Automotive Inverter Market during 2021-26?
A. The Global Automotive Inverter Market is anticipated to grow at a CAGR of 9.0% during 2021-26

Q. Who are the key competitors or players operating in Global Automotive Inverter Market?
A. Bosch, Continental, Denso, Mitsubishi Electric, Hyundai Mobis, Valeo Group, Lear, Toyota Industries, Magneti Marelli, Hitachi Automotive Systems, TVS Group, China Auto Electronics Group, Tata AutoComp Systems, Zhejiang Founder Motor, ABB, Arens Controls, etc., are few of the leading players in the Global Automotive Inverter Market.

Q. Which application segment would emerge as an opportunity area for players in Global Automotive Inverter Market?
A. Electric Vehicle is expected to attain the highest CAGR during the forecast period and maintain its significant market share.

Q. Which region would emerge as an opportunity area for players in Global Automotive Inverter Market?
A. Asia-Pacific continue to grow at a highest CAGR, presenting immense opportunities for market players of Global Automotive Inverter Market.