The traction inverter controls the traction electric motor in EV/HEVs. It is a key component as it is responsible for the performance of the vehicle. Minimization of conduction losses and switching losses both at high-, and low-current allows maximizing vehicle acceleration and driving range.
This report contains market size and forecasts of Traction Inverters in global, including the following market information:
Global Traction Inverters Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Traction Inverters Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Traction Inverters companies in 2021 (%)
The global Traction Inverters market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
SiC Modules Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Traction Inverters include STMicroelectronics, Voith, Mitsubishi Electric, American Traction Systems, Simatex AG, Hitachi, Alstom, Albiero Medha and BorgWarner, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Traction Inverters manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Traction Inverters Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Traction Inverters Market Segment Percentages, by Type, 2021 (%)
SiC Modules
Si-IGBT(Insulated Gate Bipolar Transistor) Modules
Global Traction Inverters Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Traction Inverters Market Segment Percentages, by Application, 2021 (%)
Original Equipment Manufacturer (OEM)
Maintenance, Repair & Overhaul (MRO)
Global Traction Inverters Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Traction Inverters Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Traction Inverters revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Traction Inverters revenues share in global market, 2021 (%)
Key companies Traction Inverters sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Traction Inverters sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
STMicroelectronics
Voith
Mitsubishi Electric
American Traction Systems
Simatex AG
Hitachi
Alstom
Albiero Medha
BorgWarner
Siemens
ABB
TOSHIBA
Hitachi
Infineon Technologies
Curtiss-Wright
Dana TM4
Prodrive Technologies
Zhuzhou CRRC Times Electric