Report Overview:
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 provides a deep insight into the global Traction Inverters market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
Market Value:
The global Traction Inverters market size was valued at US$ 3.45 billion in 2024 and is projected to reach US$ 7.22 billion by 2030, at a CAGR of 13.1% during the forecast period 2024-2030.
United States Traction Inverters market size was valued at US$ 934 million in 2024 and is projected to US$ 1.89 billion by 2030, at a CAGR of 12.5% during the forecast period 2024-2030. CAGR of 13.1%
(2022 – 2029)
By Types:
• SiC Modules
• Si-IGBT(Insulated Gate
Bipolar Transistor) Modules
