Europe Traction Inverter Market Forecast to 2028

Report Code : BMIRE00027584 | Region : Europe | Industry : Automotive and Transportation | Published Date : 05/Dec/2022
Europe 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 Europe is expected to grow from US$ 3,617.16 million in 2022 to US$ 9,064.62 million by 2028. It is estimated to grow at a CAGR of 16.5% from 2022 to 2028.

Increasing demand of electric and hybrid electric vehicles

The production of automotive lithium-ion battery was 160 GWh in 2020 with an increase of 33% from 2019. Thus, rise is attributed to 41% increase in electric car registrations and constant average battery capacity of 55 KWh and 14 kWH for BEVs and PHEVs, respectively. The increase of 10% has been registered for other modes of transport. Although the market share of lithium-ion phosphate batteries has increased, it is still less than 4%. The weighted average cost of automotive batteries declined by 13% in 2020 form 2019, reaching USD 137/KWh at a pack level as per BNEFs yearly survey of battery prices. Low pricing is made available for large quantities of purchases, which is supported by a teardown investigation of a VW ID3 that revealed an approximate cost of USD 100/KWh for its battery cells. As most of the plug-in hybrids and all the electric vehicles use lithium-ion batteries higher demand for the same is attributed to drive the growth of the market.

Market Overview

Europe includes various well-established economies, such as France, Germany, Russia, the UK, and Italy. Europe comprises economies such as Germany, France, the UK, and Italy. The western part of Europe is characterized for its higher standards of living, with high GDP. The automotive industry directly and indirectly contributed ~7% to the GDP of the region. The automotive sector supports the growth of the economy by assisting the supply chain that results in the creation of a diversified array of business opportunities and services. The European region comprises several major automotive manufacturing assembly and production plants. There are ~298 vehicle assembly plants across Europe. The demand for electric vehicles is fast expanding across Europe, thanks to increased technical breakthroughs in the transportation sector. Furthermore, the European Traction Inverter Market is being driven by rising awareness of emission-free transportation, fluctuating fuel prices, increasing company investment, and regulatory compliances to lower carbon footprints.

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

Europe Traction Inverter Market Segmentation

The Europe 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 Europe 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 Europe 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 Europe 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 Germany, France, Italy, UK, Russia, and Rest of Europe. UK 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.

● BorgWarner Inc.

● 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 Europe Traction Inverter Market– By Voltage type

1.3.2 Europe Traction Inverter Market– By Technology type

1.3.3 Europe Traction Inverter Market– By Vehicle type

1.3.4 Europe Traction Inverter Market– By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Europe Traction Inverter Market Landscape

4.1 Market Overview

4.2 Europe PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Europe 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– Europe Market Analysis

6.1 Europe Traction Inverter Market Overview

6.2 Europe Traction Inverter Market Forecast and Analysis

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

7.1 Overview

7.2 Europe 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. Europe Traction Inverter Market Revenue and Forecast to 2028 – Voltage type

8.1 Overview

8.2 Europe 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. Europe Traction Inverter Market Revenue and Forecast to 2028 – Technology type

9.1 Overview

9.2 Europe 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. Europe Traction Inverter Market – By Vehicle Type

10.1 Overview

10.2 Europe 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. Europe Traction Inverter Market– Country Analysis

11.1 Overview

11.1.1 Europe: Traction Inverter, by Key Country

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

11.1.1.1.1 Germany: Traction Inverter Market, By Propulsion type

11.1.1.1.2 Germany: Traction Inverter Market, By Voltage type

11.1.1.1.3 Germany: Traction Inverter Market, By Technology type

11.1.1.1.4 Germany: Traction Inverter Market, By Vehicle type

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

11.1.1.2.1 France: Traction Inverter Market, By Propulsion type

11.1.1.2.2 France: Traction Inverter Market, By Voltage type

11.1.1.2.3 France: Traction Inverter Market, By Technology type

11.1.1.2.4 France: Traction Inverter Market, By Vehicle type

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

11.1.1.3.1 Italy: Traction Inverter Market, By Propulsion type

11.1.1.3.2 Italy: Traction Inverter Market, By Voltage type

11.1.1.3.3 Italy: Traction Inverter Market, By Technology type

11.1.1.3.4 Italy: Traction Inverter Market, By Vehicle type

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

11.1.1.4.1 UK: Traction Inverter Market, By Propulsion type

11.1.1.4.2 UK: Traction Inverter Market, By Voltage type

11.1.1.4.3 UK: Traction Inverter Market, By Technology type

11.1.1.4.4 UK: Traction Inverter Market, By Vehicle type

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

11.1.1.5.1 Russia: Traction Inverter Market, By Propulsion type

11.1.1.5.2 Russia: Traction Inverter Market, By Voltage type

11.1.1.5.3 Russia: Traction Inverter Market, By Technology type

11.1.1.5.4 Russia: Traction Inverter Market, By Vehicle type

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

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

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

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

11.1.1.6.4 Rest of Europe: 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.             Europe Traction Inverter Market, Revenue and Forecast, 2019–2028 (US$ Million)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 26.          List of Abbreviation

● BorgWarner Inc.

● 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 Europe 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 Europe 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 Europe 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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