Enjoy complimentary customisation on priority with our Enterprise License!
The Global Electric Vehicle Power Inverter Market size is forecast to increase by USD 9.13 billion at a CAGR of 9.45% between 2023 and 2028. The power inverter is an assembly of power devices and passive components. Electric vehicles (EVs) utilize power devices, such as insulated-gate bipolar transistors (IGBTs), in their inverters. Government initiatives and increased consumer awareness about pollution drive the adoption of EV power inverters. EVs, powered by electric powertrains, eliminate the need for oil changes, making them cost-effective. With fewer moving parts, EVs experience fewer breakdowns, reducing repair and maintenance needs. Key markets for EVs, including China, Singapore, Japan, and South Korea, drive market growth, with China leading in EV sales due to low operational costs. Hence, China is expected to dominate the electric vehicle power inverter market. This market research and growth report also includes an in-depth analysis of drivers, trends, and challenges.
_power_inverter_market_size_abstract_2023_v1.jpg.webp?v4.1.20)
View the Bestselling Sample Report
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.