Middle East & Africa Traction Inverter Market Forecast to 2028

Report Code : BMIRE00027588 | Region : LAMEA | Industry : Automotive and Transportation | Published Date : 05/Dec/2022
Middle East & Africa 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 MEA is expected to grow from US$ 1,085.07 million in 2022 to US$ 2,195.12 million by 2028. It is estimated to grow at a CAGR of 12.5% from 2022 to 2028.

Increasing adoption of advanced technologies

Government initiatives play as a key driving force for the electric car markets. The idea that electric vehicles are the future of transportation has gained support in part due to announcements, goals, and the introduction of new models. Concurrently, the enormous success of electric vehicles was hampered by limited supplies of component parts and rising prices for bulk materials, elevating supply-side issues to the top agenda for both government and business. Many governments, as well as a number of automakers, set goals to gradually end the sale of internal combustion engine vehicles during the period of 2020 and 2021. For many governments and the auto industry, electric vehicles have emerged as the preferred road transportation technology.

Market Overview

The Traction Inverter Market in MEA comprises countries such as South Africa, Saudi Arabia, UAE, and Rest of MEA. The automotive sector in these countries is growing at a steady pace. The region's rising demand for commercial vehicles might be attributed to increased development and infrastructure operations in many countries. In the coming time zone, the Middle East Traction Market is expected to increase. Despite an increase in sales in the automobile sector, Turnkey manufacturing has been hampered by a shortage of chips. However, in the coming years, semiconductor production will increase due to the consistent rise in vehicles sales. Additionally, the region depends on nearby production facilities to provide parts for the defense industry. The National Electronics and Cryptology Research Institute, for instance, is striving to manufacture components at its semiconductor Technologies Research Laboratory. The growth of the automobile market will be considerably aided by this.

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

MEA Traction Inverter Market Segmentation

The MEA 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 MEA 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 MEA 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 MEA traction inverter market is segmented into passenger cars, commercial vehicles, and others. The commercial vehicles segment registered the largest market share in 2022. Based on country, the market is segmented into South Africa, Saudi Arabia, UAE, and Rest of MEA. UAE 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 MEA Traction Inverter Market– By Propulsion type

1.3.2 MEA Traction Inverter Market– By Voltage type

1.3.3 MEA Traction Inverter Market– By Technology type

1.3.4 MEA Traction Inverter Market– By Vehicle type

1.3.5 MEA Traction Inverter Market– By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. MEA Traction Inverter Market Landscape

4.1 Market Overview

4.2 MEA PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. MEA 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– MEA Market Analysis

6.1 MEA Traction Inverter Market Overview

6.2 MEA Traction Inverter Market Forecast and Analysis

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

7.1 Overview

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

8.1 Overview

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

9.1 Overview

9.2 MEA 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. MEA Traction Inverter Market – By Vehicle Type

10.1 Overview

10.2 MEA 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. MEA Traction Inverter Market– Country Analysis

11.1 Overview

11.1.1 Middle East and Africa: Traction Inverter, by Key Country

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

11.1.1.1.1 South Africa: Traction Inverter Market, By Propulsion type

11.1.1.1.2 South Africa: Traction Inverter Market, By Voltage type

11.1.1.1.3 South Africa: Traction Inverter Market, By Technology type

11.1.1.1.4 South Africa: Traction Inverter Market, By Vehicle type

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

11.1.1.2.1 Saudi Arabia: Traction Inverter Market, By Propulsion type

11.1.1.2.2 Saudi Arabia: Traction Inverter Market, By Voltage type

11.1.1.2.3 Saudi Arabia: Traction Inverter Market, By Technology type

11.1.1.2.4 Saudi Arabia: Traction Inverter Market, By Vehicle type

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

11.1.1.3.1 UAE: Traction Inverter Market, By Propulsion type

11.1.1.3.2 UAE: Traction Inverter Market, By Voltage type

11.1.1.3.3 UAE: Traction Inverter Market, By Technology type

11.1.1.3.4 UAE: Traction Inverter Market, By Vehicle type

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

11.1.1.4.1 Rest of MEA: Traction Inverter Market, By Propulsion type

11.1.1.4.2 Rest of MEA: Traction Inverter Market, By Voltage type

11.1.1.4.3 Rest of MEA: Traction Inverter Market, By Technology type

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 18.          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 MEA 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 MEA 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 MEA 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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