North America Electric Vehicle Power Inverter Market 2021-2031

North America electric vehicle power inverter is projected to grow by 15.5% annually in the forecast period and reach $12,414 million by 2031.

North America electric vehicle power inverter is projected to grow by 15.5% annually in the forecast period and reach $12,414 million by 2031, driven by the increasing sales of electric vehicles, the growing incorporation of inverters operating in EVs, the growing government support, and the technological advancements in the field of power electronics. Highlighted with 22 tables and 41 figures, this 104-page report “North America Electric Vehicle Power Inverter Market 2021-2031 by Inverter Type (Traction, Soft-switching), Integration Level (Integrated, Mechatronic, Separate), Propulsion Type (BEVs, HEVs, PHEVs, FCEVs), Vehicle Type (Passenger, Commercial), Distribution (Aftermarket, OEM), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America electric vehicle power inverter market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.) In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America electric vehicle power inverter market in every aspect of the classification from perspectives of Inverter Type, Integration Level, Propulsion Type, Vehicle Type, Distribution, and Country.

What's Inside a Bonafide Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

Download Sample

Based on Inverter Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Traction Inverter • Soft-switching Inverter Based on Integration Level, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Integrated Inverter System • Mechatronic Integration System • Separate Inverter System By Propulsion Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Battery Electric Vehicles (BEVs) • Hybrid Electric Vehicles (HEVs) • Plug-in Hybrid Electric Vehicle (PHEVs) • Fuel Cell Electric Vehicle (FCEVs)

Make this report your own

Have queries/questions regarding a report?

Take advantage of intelligence tailored to your business objective

Prashant Tiwari

Prashant Tiwari

Research Analyst

By Vehicle Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Passenger Cars • Commercial Vehicles By Distribution, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Aftermarket • OEM Geographically, the following national/local markets are fully investigated: • U.S. • Canada • Mexico For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Propulsion Type, Vehicle Type and Distribution over the forecast years are also included.

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now
Prashant Tiwari

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Selected Key Players: Aptiv PLC (Borgwarner Inc.) Continental AG CWB Automotive Electronics Co., Ltd. DENSO Corporation Drive System Design LTD Eaton Corporation PLC Exalta Oxy Neuron Fraunhofer ISE Hangzhou Tonny Electric & Tools Co., Ltd. Hitachi Astemo Ltd Hyundai Mobis Co., Ltd. Infineon Technologies AG Jinan ACME Power Supply Co., Ltd. John Deere Electronic Solutions Lear Corporation LG Magna e-Powertrain Marelli Corporation Meidensha Corporation Mitsubishi Electric Corporation Robert Bosch GMBH Toyota Industries Corporation Valeo Group Vitesco Technologies Wenzhou Kangyu Electrical Co., Ltd. ZF Friedrichshafen AG (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Table of Contents

  • 1 Introduction 7
  • 1.1 Industry Definition and Research Scope 7
  • 1.1.1 Industry Definition 7
  • 1.1.2 Research Scope 8
  • 1.2 Research Methodology 11
  • 1.2.1 Overview of Market Research Methodology 11
  • 1.2.2 Market Assumption 12
  • 1.2.3 Secondary Data 12
  • 1.2.4 Primary Data 12
  • 1.2.5 Data Filtration and Model Design 13
  • 1.2.6 Market Size/Share Estimation 14
  • 1.2.7 Research Limitations 15
  • 1.3 Executive Summary 16
  • 2 Market Overview and Dynamics 18
  • 2.1 Market Size and Forecast 18
  • 2.1.1 Impact of COVID-19 on World Economy 19
  • 2.1.2 Impact of COVID-19 on the Market 23
  • 2.2 Major Growth Drivers 25
  • 2.3 Market Restraints and Challenges 30
  • 2.4 Emerging Opportunities and Market Trends 33
  • 2.5 Porter’s Fiver Forces Analysis 37
  • 3 Segmentation of North America Market by Inverter Type 41
  • 3.1 Market Overview by Inverter Type 41
  • 3.2 Traction Inverter 43
  • 3.3 Soft-switching Inverter 44
  • 4 Segmentation of North America Market by Integration Level 45
  • 4.1 Market Overview by Integration Level 45
  • 4.2 Integrated Inverter System 47
  • 4.3 Mechatronic Integration System 48
  • 4.4 Separate Inverter System 49
  • 5 Segmentation of North America Market by Propulsion Type 50
  • 5.1 Market Overview by Propulsion Type 50
  • 5.2 Battery Electric Vehicles (BEVs) 52
  • 5.3 Hybrid Electric Vehicles (HEVs) 53
  • 5.4 Plug-in Hybrid Electric Vehicle (PHEVs) 54
  • 5.5 Fuel Cell Electric Vehicle (FCEVs) 55
  • 6 Segmentation of North America Market by Vehicle Type 56
  • 6.1 Market Overview by Vehicle Type 56
  • 6.2 Passenger Cars 58
  • 6.3 Commercial Vehicles 59
  • 7 Segmentation of North America Market by Distribution 60
  • 7.1 Market Overview by Distribution 60
  • 7.2 Aftermarket 62
  • 7.3 OEM 63
  • 8 North America Market 2021-2031 by Country 64
  • 8.1 Overview of North America Market 64
  • 8.2 U.S. 67
  • 8.3 Canada 70
  • 8.4 Mexico 72
  • 9 Competitive Landscape 74
  • 9.1 Overview of Key Vendors 74
  • 9.2 New Product Launch, Partnership, Investment, and M&A 77
  • 9.3 Company Profiles 78
  • Aptiv PLC (Borgwarner Inc.) 78
  • Continental AG 80
  • CWB Automotive Electronics Co., Ltd. 81
  • DENSO Corporation 82
  • Drive System Design LTD 83
  • Eaton Corporation PLC 84
  • Exalta Oxy Neuron 85
  • Fraunhofer ISE 86
  • Hangzhou Tonny Electric & Tools Co., Ltd. 87
  • Hitachi Astemo Ltd 88
  • Hyundai Mobis Co., Ltd. 89
  • Infineon Technologies AG 90
  • Jinan ACME Power Supply Co., Ltd. 91
  • John Deere Electronic Solutions 92
  • Lear Corporation 93
  • LG Magna e-Powertrain 94
  • Marelli Corporation 95
  • Meidensha Corporation 96
  • Mitsubishi Electric Corporation 97
  • Robert Bosch GMBH 98
  • Toyota Industries Corporation 99
  • Valeo Group 100
  • Vitesco Technologies 101
  • Wenzhou Kangyu Electrical Co., Ltd. 102
  • ZF Friedrichshafen AG 103
  • RELATED REPORTS 104

List of Figures:

Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 16
Figure 4. North America Electric Vehicle Power Inverter Market, 2021-2031, $ mn 18
Figure 5. Impact of COVID-19 on Business 23
Figure 6. Primary Drivers and Impact Factors of North America Electric Vehicle Power Inverter Market 25
Figure 7. World Electric Vehicle Market, 2019-2030, $ bn 28
Figure 8. Share of GHG Emissions Covered by Countries That Have Adopted or Announced Net Zero Emission Targets 28
Figure 9. Cumulative Carbon Dioxide Emissions by Country, 1850-2021 29
Figure 10. Primary Restraints and Impact Factors of North America Electric Vehicle Power Inverter Market 30
Figure 11. Investment Opportunity Analysis 34
Figure 12. Porter’s Fiver Forces Analysis of North America Electric Vehicle Power Inverter Market 37
Figure 13. Breakdown of North America Electric Vehicle Power Inverter Market by Inverter Type, 2021-2031, % of Revenue 42
Figure 14. North America Addressable Market Cap in 2022-2031 by Inverter Type, Value ($ mn) and Share (%) 42
Figure 15. North America Electric Vehicle Power Inverter Market by Inverter Type: Traction Inverter, 2021-2031, $ mn 43
Figure 16. North America Electric Vehicle Power Inverter Market by Inverter Type: Soft-switching Inverter, 2021-2031, $ mn 44
Figure 17. Breakdown of North America Electric Vehicle Power Inverter Market by Integration Level, 2021-2031, % of Sales Revenue 46
Figure 18. North America Addressable Market Cap in 2022-2031 by Integration Level, Value ($ mn) and Share (%) 46
Figure 19. North America Electric Vehicle Power Inverter Market by Integration Level: Integrated Inverter System, 2021-2031, $ mn 47
Figure 20. North America Electric Vehicle Power Inverter Market by Integration Level: Mechatronic Integration System, 2021-2031, $ mn 48
Figure 21. North America Electric Vehicle Power Inverter Market by Integration Level: Separate Inverter System, 2021-2031, $ mn 49
Figure 22. Breakdown of North America Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, % of Sales Revenue 51
Figure 23. North America Addressable Market Cap in 2022-2031 by Propulsion Type, Value ($ mn) and Share (%) 51
Figure 24. North America Electric Vehicle Power Inverter Market by Propulsion Type: Battery Electric Vehicles (BEVs), 2021-2031, $ mn 52
Figure 25. North America Electric Vehicle Power Inverter Market by Propulsion Type: Hybrid Electric Vehicles (HEVs), 2021-2031, $ mn 53
Figure 26. North America Electric Vehicle Power Inverter Market by Propulsion Type: Plug-in Hybrid Electric Vehicle (PHEVs), 2021-2031, $ mn 54
Figure 27. North America Electric Vehicle Power Inverter Market by Propulsion Type: Fuel Cell Electric Vehicle (FCEVs), 2021-2031, $ mn 55
Figure 28. Breakdown of North America Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, % of Revenue 57
Figure 29. North America Addressable Market Cap in 2022-2031 by Vehicle Type, Value ($ mn) and Share (%) 57
Figure 30. North America Electric Vehicle Power Inverter Market by Vehicle Type: Passenger Cars, 2021-2031, $ mn 58
Figure 31. North America Electric Vehicle Power Inverter Market by Vehicle Type: Commercial Vehicles, 2021-2031, $ mn 59
Figure 32. Breakdown of North America Electric Vehicle Power Inverter Market by Distribution, 2021-2031, % of Revenue 61
Figure 33. North America Addressable Market Cap in 2022-2031 by Distribution, Value ($ mn) and Share (%) 61
Figure 34. North America Electric Vehicle Power Inverter Market by Distribution: Aftermarket, 2021-2031, $ mn 62
Figure 35. North America Electric Vehicle Power Inverter Market by Distribution: OEM, 2021-2031, $ mn 63
Figure 36. Breakdown of North America Electric Vehicle Power Inverter Market by Country, 2021 and 2031, % of Revenue 65
Figure 37. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 66
Figure 38. U.S. Electric Vehicle Power Inverter Market, 2021-2031, $ mn 68
Figure 39. Canada Electric Vehicle Power Inverter Market, 2021-2031, $ mn 70
Figure 40. Electric Vehicle Power Inverter Market in Mexico, 2021-2031, $ mn 72
Figure 41. Growth Stage of North America Electric Vehicle Power Inverter Industry over the Forecast Period 74

List of Tables:

Table 1. Snapshot of North America Electric Vehicle Power Inverter Market in Balanced Perspective, 2021-2031 17
Table 2. World Economic Outlook, 2021-2031 20
Table 3. World Economic Outlook, 2021-2023 21
Table 4. Main Product Trends and Market Opportunities in North America Electric Vehicle Power Inverter Market 33
Table 5. North America Electric Vehicle Power Inverter Market by Inverter Type, 2021-2031, $ mn 41
Table 6. North America Electric Vehicle Power Inverter Market by Integration Level, 2021-2031, $ mn 45
Table 7. North America Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn 50
Table 8. North America Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn 56
Table 9. North America Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn 60
Table 10. North America Electric Vehicle Power Inverter Market by Country, 2021-2031, $ mn 65
Table 11. U.S. Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn 69
Table 12. U.S. Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn 69
Table 13. U.S. Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn 69
Table 14. Canada Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn 71
Table 15. Canada Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn 71
Table 16. Canada Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn 71
Table 17. Mexico Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn 73
Table 18. Mexico Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn 73
Table 19. Mexico Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn 73
Table 20. Aptiv PLC (Borgwarner Inc.): Company Snapshot 78
Table 21. Aptiv PLC (Borgwarner Inc.): Business Segmentation 79
Table 22. Aptiv PLC (Borgwarner Inc.): Product Portfolio 79

Why Bonafide Research?

  • Our seasoned industry experts bring diverse sector experience, tailoring methodologies to your unique challenges.
  • Leveraging advanced technology and time-tested methods ensures accurate and forward-thinking insights.
  • Operating globally with a local touch, our research spans borders for a comprehensive view of international markets.
  • Timely and actionable insights empower swift, informed decision-making in dynamic market landscapes.
  • We foster strong client relationships based on trust, transparency, and collaboration.
  • Our dedicated team adapts and evolves strategies to meet your evolving needs.
  • Upholding the highest standards of ethics and data security, we ensure confidentiality and integrity throughout the research process.

How client has rates us?

Requirement Gathering & Methodology
92%
Data Collection Techniques
97%
Our Research Team & Data Sourcing
93%
Data Science & Analytical Tools
81%
Data Visualization & Presentation Skills
86%
Project/ Report Delivery & After Sales Services
88%
Logo

North America Electric Vehicle Power Inverter Market 2021-2031

Contact usWe are friendly and approachable, give us a call.