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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Electric Vehicle Power Inverter Market Size
The global electric vehicle power inverter market value reached approximately USD 7.04 billion in 2023. The market is assessed to grow at a CAGR of 17.8% between 2024 and 2032, reaching a value of USD 30.8 billion by 2032.
Electric Vehicle Power Inverter Market Report Snapshots
Electric Vehicle Power Inverter Market Size
Electric Vehicle Power Inverter Market Growth
Electric Vehicle Power Inverter Market Share
Electric Vehicle Power Inverter Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 7.04 billion.
The global electric vehicle power inverter market is assessed to grow at a CAGR of 17.8% between 2024 and 2032.
The market is estimated to witness healthy growth during 2024-2032 to reach around USD 30.8 billion by 2032.
The market is driven by the increasing vehicle electrification globally and the growing demand for improvements in EV performance and speed, addressing issue like range anxiety.
The key trends aiding the market expansion include a shift to sustainability, increasing uptake of electric vehicles, and advancements in research and development in the field.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Based on inverter type, market segmentations include soft switching inverter and traction inverter.
The market's key players are Denso Corporation, Toyota Industries Corporation, VALEO Limited, Continental AG, Marelli Holdings Co., Ltd., Robert Bosch GmbH, Hitachi Astemo, Ltd., Nissan Motor Co., Ltd., Vitesco Technologies Group AG, and Meidensha Corporation, among others.
Based on sales channel, the market is divided into OEM and aftermarket.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124