Asia-Pacific Traction Inverter Market Forecast to 2028

Report Code : BMIRE00027579 | Region : Asia Pacific | Industry : Automotive and Transportation | Published Date : 05/Dec/2022
Asia-Pacific Traction Inverter Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Propulsion type (BEV, HEV, PHEV, and Others), Voltage type (Up to 200V, 200 to 900V, and 900v and above), Technology type (IGBT, MOSFET, and Others), and Vehicle type (Passenger Cars, Commercial Vehicles, and Others)

The traction inverter market in APAC is expected to grow from US$ 7,754.40 million in 2022 to US$ 22,033.20 million by 2028. It is estimated to grow at a CAGR of 19.0% from 2022 to 2028.

Government and market players to booster the market growth

The most important physical parts of a traction inverter are semiconductor power modules. By controlling the energy transfer from battery to motor and vice versa, it controls motor speed and torque. Power modules with high performance are required sue to rising demands for electric and hybrid vehicles. However, the shortage of semiconductors and chips worldwide is affecting the growth of the market adversely. Amid pandemic the demand for semiconductors surged dramatically driven by digital transformation. Chips demand for both devices and data centers shoot up in 2020 and 2021. The PC rose by 50% and the cloud computing data center chips purchases went up by 30%. With rising adoption of digitization and smart driver assistance systems the automotive industry’s demand for chips will probably rise to US $500 in 2022. The automotive industry is largely affected by the chip shortage. Such localization effort will take time increasing the capacity of chip manufacturing is a time taking process and hence, the traction inverter market will continue to be affected by semiconductor and chips shortage.

Market Overview

APAC continent comprises several developing economies such as China, India, and South Korea, and developed economies such as Japan and Australia. The economy of the region is gaining traction, owing to the numerous technological and infrastructural developments. The region has a robust automotive sector, which is supported by the growing automotive manufacturing industry in countries such as China, India, and South Korea. Countries such as India, China, South Korea, and Japan are among the leading vehicle manufacturing countries worldwide. Growing environmental concerns (due to rising exhaust emissions), enactment of stringent emissions and fuel economy norms, and increasing government initiatives, such as subsidies and benefits, to improve the adoption rate of electric vehicles and to replace heavy-duty diesel and gasoline-run buses with zero-emission electric buses, are expected to propel demand for and growth of the high-performance vehicle market. Variations in government policies and subsidies, on the other hand, are likely to have an impact on the development of electric buses.

APAC Traction Inverter Market Revenue and Forecast to 2028 (US$ Million)

APAC Traction Inverter Market Segmentation

The APAC traction inverter market is segmented into propulsion type, voltage type, technology type, vehicle type and country. Based on propulsion type, the market is segmented into BEV, HEV, PHEV and others. The BEV segment registered the largest market share in 2022.

Based on voltage type, the APAC traction inverter market is segmented 200V, 200 to 900V, 900V and above. The 200 to 900V segment registered the largest market share in 2022. Based on technology type, the APAC traction inverter market is segmented into IGBT, MOSFET and others. The MOSFET segment registered the largest market share in 2022. Based on vehicle type, the APAC traction inverter market is segmented into passenger cars, commercial vehicles, and others. The passenger cars segment registered the largest market share in 2022. Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. China dominated the market share in 2022.

BorgWarner Inc.; Continental AG; Curtiss-Wright Industrial Group; Dana TM4; Delphi Technologies Plc; Hitachi, Ltd.; Mitsubishi Electric Corporation; Siemens AG; Toshiba Corporation; and Voith GmbH & Co. KGaA are the leading companies operating in the traction inverter market in the region.

● Continental AG

● Curtiss-Wright Industrial Group

● Dana TM4

● Delphi Technologies Plc

● Hitachi, Ltd.

● Mitsubishi Electric Corporation

● Siemens AG

● Toshiba Corporation

● Voith GmbH & Co. KGaA

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 APAC Traction Inverter Market– By Propulsion type

1.3.2 APAC Traction Inverter Market– By Voltage type

1.3.3 APAC Traction Inverter Market– By Technology type

1.3.4 APAC Traction Inverter Market– By Vehicle type

1.3.5 APAC Traction Inverter Market– By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Traction Inverter Market Landscape

4.1 Market Overview

4.2 APAC PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. APAC Traction Inverter Market- Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Demand of Electric and Hybrid Electric Vehicles

5.1.2 High demand for lithium-ion battery

5.2 Market Restraints

5.2.1 Shortage of semiconductors and chips

5.3 Market Opportunities

5.3.1 Government and market players initiatives to booster the market growth

5.4 Future Trends

5.4.1 Adoption of Advanced Technologies

5.5 Impact Analysis of Drivers and Restraints

6. Traction Inverter Market– APAC Market Analysis

6.1 APAC Traction Inverter Market Forecast and Analysis

7. APAC Traction Inverter Market Revenue and Forecast to 2028 – Propulsion type

7.1 Overview

7.2 APAC Traction Inverter Market, By Propulsion type (2021 And 2028)

7.3 BEV

7.3.1 Overview

7.3.2 BEV: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)

7.4 HEV

7.4.1 Overview

7.4.2 HEV: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)

7.5 PHEV

7.5.1 Overview

7.5.2 PHEV: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)

8. APAC Traction Inverter Market Revenue and Forecast to 2028 – Voltage type

8.1 Overview

8.2 APAC Traction Inverter Market, By Voltage type (2021 And 2028)

8.3 Up to 200V

8.3.1 Overview

8.3.2 Up to 200V: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)

8.4 to 900V

8.4.1 Overview

8.4.2 to 900V: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)

8.5V and above

8.5.1 Overview

8.5.2V and above: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)

9. APAC Traction Inverter Market Revenue and Forecast to 2028 – Technology type

9.1 Overview

9.2 APAC Traction Inverter Market, By Technology type (2021 And 2028)

9.3 IGBT

9.3.1 Overview

9.3.2 IGBT: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)

9.4 MOSFET

9.4.1 Overview

9.4.2 MOSFET: Traction Inverter Market Revenue and Forecast To 2028 (US$ Million)

9.5 Others

9.5.1 Overview

9.5.2 Others: Traction Inverter Market – Revenue and Forecast to 2028 (US$ Million)

10. APAC Traction Inverter Market – By Vehicle Type

10.1 Overview

10.2 APAC Traction Inverter Market, by Vehicle Type (2021 and 2028)

10.3 Passenger Cars

10.3.1 Overview

10.3.2 Passenger Cars: Traction Inverter Market – Revenue and Forecast to 2028 (US$ Million)

10.4 Commercial Vehicles

10.4.1 Overview

10.4.2 Commercial Vehicles: Traction Inverter Market – Revenue and Forecast to 2028 (US$ Million)

10.5 Others

10.5.1 Overview

10.5.2 Others: Traction Inverter Market – Revenue and Forecast to 2028 (US$ Million)

11. APAC Traction Inverter Market– Country Analysis

11.1 Overview

11.1.1 Asia Pacific: Traction Inverter, by Key Country

11.1.1.1 Australia: Traction Inverter Market– Revenue and Forecast to 2028 (US$ Million)

11.1.1.1.1 Australia: Traction Inverter Market, By Propulsion type

11.1.1.1.2 Australia: Traction Inverter Market, By Voltage type

11.1.1.1.3 Australia: Traction Inverter Market, By Technology type

11.1.1.1.4 Australia: Traction Inverter Market, By Vehicle type

11.1.1.2 China: Traction Inverter Market– Revenue and Forecast to 2028 (US$ Million)

11.1.1.2.1 China: Traction Inverter Market, By Propulsion type

11.1.1.2.2 China: Traction Inverter Market, By Voltage type

11.1.1.2.3 China: Traction Inverter Market, By Technology type

11.1.1.2.4 China: Traction Inverter Market, By Vehicle type

11.1.1.3 India: Traction Inverter Market– Revenue and Forecast to 2028 (US$ Million)

11.1.1.3.1 India: Traction Inverter Market, By Propulsion type

11.1.1.3.2 India: Traction Inverter Market, By Voltage type

11.1.1.3.3 India: Traction Inverter Market, By Technology type

11.1.1.3.4 India: Traction Inverter Market, By Vehicle type

11.1.1.4 Japan: Traction Inverter Market– Revenue and Forecast to 2028 (US$ Million)

11.1.1.4.1 Japan: Traction Inverter Market, By Propulsion type

11.1.1.4.2 Japan: Traction Inverter Market, By Voltage type

11.1.1.4.3 Japan: Traction Inverter Market, By Technology type

11.1.1.4.4 Japan: Traction Inverter Market, By Vehicle type

11.1.1.5 South Korea: Traction Inverter Market– Revenue and Forecast to 2028 (US$ Million)

11.1.1.5.1 South Korea: Traction Inverter Market, By Propulsion type

11.1.1.5.2 South Korea: Traction Inverter Market, By Voltage type

11.1.1.5.3 South Korea: Traction Inverter Market, By Technology type

11.1.1.5.4 South Korea: Traction Inverter Market, By Vehicle type

11.1.1.6 Rest of APAC: Traction Inverter Market– Revenue and Forecast to 2028 (US$ Million)

11.1.1.6.1 Rest of APAC: Traction Inverter Market, By Propulsion type

11.1.1.6.2 Rest of APAC: Traction Inverter Market, By Voltage type

11.1.1.6.3 Rest of APAC: Traction Inverter Market, By Technology type

11.1.1.6.4 Rest of APAC: Traction Inverter Market, By Vehicle type

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

12.4 Merger and Acquisition

13. Company Profile

13.1 BorgWarner Inc.

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Continental AG

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Delphi Technologies Plc

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Hitachi, Ltd.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Mitsubishi Electric Corporation

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Siemens AG

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Toshiba Corporation

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Voith GmbH & Co. KGaA

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Curtiss-Wright Industrial Group

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Dana TM4

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

Table 1.             APAC Traction Inverter Market, Revenue and Forecast, 2019–2028 (US$ Million)

Table 2.             Australia: Traction Inverter Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Australia: Traction Inverter Market, By Voltage type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Australia: Traction Inverter Market, By Technology type– Revenue and Forecast to 2028 (US$ Million)

Table 5.             Australia: Traction Inverter Market, By Vehicle type– Revenue and Forecast to 2028 (US$ Million)

Table 6.             China: Traction Inverter Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             China: Traction Inverter Market, By Voltage type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             China: Traction Inverter Market, By Technology type– Revenue and Forecast to 2028 (US$ Million)

Table 9.             China: Traction Inverter Market, By Vehicle type– Revenue and Forecast to 2028 (US$ Million)

Table 10.          India: Traction Inverter Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)

Table 11.          India: Traction Inverter Market, By Voltage type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          India: Traction Inverter Market, By Technology type– Revenue and Forecast to 2028 (US$ Million)

Table 13.          India: Traction Inverter Market, By Vehicle type– Revenue and Forecast to 2028 (US$ Million)

Table 14.          Japan: Traction Inverter Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)

Table 15.          Japan: Traction Inverter Market, By Voltage type – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Japan: Traction Inverter Market, By Technology type– Revenue and Forecast to 2028 (US$ Million)

Table 17.          Japan: Traction Inverter Market, By Vehicle type– Revenue and Forecast to 2028 (US$ Million)

Table 18.          South Korea: Traction Inverter Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)

Table 19.          South Korea: Traction Inverter Market, By Voltage type – Revenue and Forecast to 2028 (US$ Million)

Table 20.          South Korea: Traction Inverter Market, By Technology type– Revenue and Forecast to 2028 (US$ Million)

Table 21.          South Korea: Traction Inverter Market, By Vehicle type– Revenue and Forecast to 2028 (US$ Million)

Table 22.          Rest of APAC: Traction Inverter Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)

Table 23.          Rest of APAC: Traction Inverter Market, By Voltage type – Revenue and Forecast to 2028 (US$ Million)

Table 24.          Rest of APAC: Traction Inverter Market, By Technology type– Revenue and Forecast to 2028 (US$ Million)

Table 25.          Rest of APAC: Traction Inverter Market, By Vehicle type– Revenue and Forecast to 2028 (US$ Million)

Table 26.          List of Abbreviation

● Continental AG

● Curtiss-Wright Industrial Group

● Dana TM4

● Delphi Technologies Plc

● Hitachi, Ltd.

● Mitsubishi Electric Corporation

● Siemens AG

● Toshiba Corporation

● Voith GmbH & Co. KGaA

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC traction inverter market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the APAC traction inverter market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the traction inverter market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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