DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Electric Vehicle Power Inverter Market 2017-2021" report to their offering.
The analysts forecast the global electric vehicle power inverter market to grow at a CAGR of 7.92% during the period 2017-2021.
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 vendor sand total unit sales of major EVs in the market.
According to the report, one of the major drivers for this market is increased sales of (H)EVs in major global regions and addition to current portfolio of vehicle models by OEMs. The main application of power inverters in the automotive sector is in the use of hybrid and EVs for converting battery DC power to AC power for the electric motor to power the vehicle. Currently, two electric motors are used in hybrid and EVs to increase the power and range. This will, in turn, create a multiplier effect for global EV power inverter market.
Key vendors
- Continental
- Bosch
- Hitachi Automotive
- Toyota Industries
Other prominent vendors
- Denso
- Delphi
- Mitsubishi Electric
- Metric mind
- Fuji Electric
- BYD
Market drivers
- 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 the full report
Market challenges
- Functional safety requirements
- For a full, detailed list, view the full report
Market trends
- In-wheel micro inverter system
- For a full, detailed list, view the full report
For more information about this report visit http://www.researchandmarkets.com/research/26b7f2/global_electric
