A power inverter or inverter is an electric device that converts DC (direct current) to AC (alternating current). It is an assembly of power devices and passive components. The power devices, also called IGBT (insulated-gate bipolar transistor) stack, are built with IGBTs and passive components. IGBTs are made from Si (silicon) material components. The passive components include capacitors, resistors, PCBs, and cooling systems. The power devices/IGBT stack, together with power connectors and sensors, create the power inverter module.
Technavio’s analysts forecast the global electric vehicle power inverter market to grow at a CAGR of 7.92% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global electric vehicle power inverter market for 2017-2021. To calculate the market size, the report considers the a bottom-up approach, which accounts for the total revenue of key vendors and total unit sales of major EVs in the market.
The market is divided into the following segments based on geography: - APAC - North America - Europe
Technavio's report, Global Electric Vehicle Power Inverter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors - Denso - Delphi - Mitsubishi Electric - Metric mind - Fuji Electric - BYD
Market driver - Increased sales of (H)EVs in major global regions and addition to current portfolio of vehicle models by OEMs - For a full, detailed list, view our report
Market challenge - Functional safety requirements - For a full, detailed list, view our report
Market trend - In-wheel micro inverter system - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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