CHICAGO, January 29, 2019 /PRNewswire/ --
According to the new market research report "Vehicle Inverters Market Propulsion Type (BEV, HEV, and PHEV), Output Power Type (<=130 kW and >130 kW), Technology Type (IGBT and MOSFET), Semiconductor Materials Type (GaN, Si, and SiC), By Vehicle Type (PC and CV), and Region - Global Forecast to 2025", published by MarketsandMarkets, the Global Vehicle Inverters Market is projected to grow at a CAGR of 17.57% from USD 2.5 billion in 2018 to reach USD 7.7 billion by 2025.
(Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )
Get 10% Free Customization on this Report:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=59207794
Browse in-depth TOC on"Vehicle Inverters Market"
65- Tables
60- Figures
160- Pages
The growth of the Vehicle Inverters Market is influenced by factors such as a rise in stringent emission norms to prevent environmental impact, technological advancements in electric vehicles, increasing subsidies and tax rebates offered by various governments, and growing electric vehicle production.
BEVs: Increased BEV sales and technological advancement in electric vehicles are expected to drive the Vehicle Inverters Market
The BEV segment is the largest of all the segments of the Vehicle Inverters Market and is expected to witness significant growth during the forecast period. The increased awareness among OEMs and consumers regarding reducing carbon emissions has driven the growth of the BEV market of vehicle inverters. Moreover, the growing trend of high performance and range coverage extension has created the need for more energy efficient inverters.
Silicon Carbide (SiC): Increasing use of wideband gap semiconductor materials in electric vehicles is expected to drive the SiC-based Vehicle Inverters Market in future
SiC-based power semiconductor devices are state-of-the-art in high efficiency and high frequency applications. With the advent of the era of electric vehicles, the automotive industry is keen toward opting SiC's advanced features, in terms of power efficiency at high voltages, high reliability, and flexibility. With respect to these aspects, the SiC devices are much smaller, lighter, and simpler than the silicon devices that were used before. Moreover, SiC-based vehicle inverters help in tremendous size and weight reduction of an inverter compared to other semiconductor devices. These features, thus, drive the SiC-based Vehicle Inverters Market.
Asia Pacific: China is expected to lead the Asia Pacific market
The Asia Pacific region is estimated to be the largest growing Vehicle Inverters Market. The region comprises some of the fastest developing economies of the world such as China and India. The Asia Pacific region especially China is considered to be technologically more active toward the production of electric vehicles and also houses various key electric vehicle manufacturers such as SAIC, BYD, and Geely. Asia Pacific also houses various key suppliers of vehicle inverters such as Denso (Japan), Mitsubishi Electric Corporation (Japan), and Hitachi (Japan). Factors such as the availability of cheap labor and favorable government policies help undertake the mass production of electric vehicles in Asia Pacific, which results in the lower prices complemented by developed charging infrastructure. Thus, providing growth opportunities to the vehicle inverters' manufacturers in this region.
Inquiry Before Buying:
https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=59207794
The global Vehicle Inverters Market is dominated by major players such as Denso (Japan), Delphi Technologies (UK), Continental AG (Germany), Mitsubishi Electric Corporation (Japan), Toshiba (Japan), and Hitachi (Japan).
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/vehicle-inverter-market.asp
Visit Our Website: https://www.marketsandmarkets.com
