Global Automotive Inverter Market Analysis Report by 2026

Global Automotive Inverter Market Analysis, 2021

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Document Outline Table of Content Study Background, Market Segmentation, Scope of Work

Research Process & Methodology Research Approach, Research Methodology

Sample Illustration Global Automotive Inverter Market Analysis, 2021

Commercials

Company Profile About the company

Contact Details

02

16

27

65

67

69

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2

Market Segmentation

Global Automotive Inverter Market

By Product Type •

Square Wave

•

Quasi- Sine Wave

•

Sine Wave

By Material

By Application

By Power Output

By Technology

By Region

• Electric Vehicles • Passenger Vehicles • Commercial Vehicles • Hybrid Vehicles • Passenger Vehicles • Commercial Vehicles • Fuel Cell Vehicles

• <130 KW • >130 KW

• IGBT (Insulated Gate Bipolar Transistors) • MOSFET ((Metal Oxide Semiconductor Field Effect Transistor)

By End User

By Company

• North America • The US • Canada • Mexico • South America • Brazil • Others • Europe • Germany • The UK • France • Italy • Spain • Rest of Europe • Middle East & Africa • GCC • South Africa • Asia Pacific

•

Silicon

•

OEM

•

Silicon Carbide

•

Aftermarket

• • • • • • • • •

Hitachi Automotive Systems Denso TVS Group Arens Controls Tata AutoComp Systems Continental Hyundai Mobis Valeo Group ABB

• • • • • • •

Mitsubishi Electric Bosch Lear China Auto Electronics Group Magneti Marelli Toyota Industries Zhejiang Founder Motor

• China • India • Japan

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3

Study Background – Project Outline

Historical Year: 2016 | Base Year: 2020 | Forecast Year: 2026

(1/12)

Table of Content 1.

Introduction 1.1. Product Definition 1.2. Research Process 1.3. Assumptions 1.4. Market Segmentation

2.

Preface

3.

Executive Summary

4.

Impact of COVID-19 on Global Automotive Inverter Market

5.

Global Automotive Inverter Market Outlook, 2016-2026F 5.1. Market Size & Analysis 5.1.1. Market Revenues 5.2. Market Share & Analysis 5.2.1. By Product Type 5.2.1.1.

Square Wave

5.2.1.2.

Quasi-Sine Wave

5.2.1.3.

Sine Wave

5.2.2. By Application 5.2.2.1.

Electric Vehicles

5.2.2.1.1.

Passenger Vehicle s

5.2.2.1.2.

Commercial Vehicles

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Study Background – Project Outline

Historical Year: 2016 | Base Year: 2020 | Forecast Year: 2026

(2/12)

Table of Content 5.2.2.2.

Hybrid Vehicles

5.2.2.2.1.

Passenger Vehicles

5.2.2.2.2.

Commercial Vehicles

5.2.2.3.

Fuel Cell Vehicles

5.2.3. By Power Output 5.2.3.1.

<130 KW

5.2.3.2.

>130 KW

5.2.4. By Technology 5.2.4.1.

IGBT (Insulated Gate Bipolar Transistors)

5.2.4.2.

MOSFET (Metal Oxide Semiconductor Field Effect Transistor)

5.2.5. By Material 5.2.5.1.

Silicon

5.2.5.2.

Silicon Carbide

5.2.6. By End User 5.2.6.1.

OEM

5.2.6.2.

Aftermarket

5.2.7. By Region 5.2.7.1.

North America

5.2.7.2.

South America

5.2.7.3.

Europe

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5

Study Background – Project Outline

Historical Year: 2016 | Base Year: 2020 | Forecast Year: 2026

(3/12)

Table of Content 5.2.7.4.

Middle East & Africa

5.2.7.5.

Asia-Pacific

5.2.8. By Competitors

6.

5.2.8.1.

Competition Characteristics

5.2.8.2.

Market Share & Analysis

5.2.8.3.

Competitive Metrix

North America Automotive Inverter Market Outlook, 2016-2026F 6.1. Market Size & Analysis 6.1.1. Market Revenues 6.2. Market Share & Analysis 6.2.1. By Product Type 6.2.2. By Application 6.2.3. By Power Output 6.2.4. By Technology 6.2.5. By Material 6.2.6. By End Users 6.2.7. By Country 6.2.7.1.

The US

6.2.7.2.

Canada

6.2.7.3.

Mexico

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6

Study Background – Project Outline

Historical Year: 2016 | Base Year: 2020 | Forecast Year: 2026

(4/12)

Table of Content 6.2.7.4.

Others

6.3. The US Automotive Inverter Market Outlook, 2016-2026F 6.3.1. Market Size & Analysis 6.3.1.1.

Market Revenues

6.3.2. Market Share & Analysis 6.3.2.1.

By Product Type

6.3.2.2.

By Application

6.4. Canada Automotive Inverter Market Outlook, 2016-2026F 6.4.1. Market Size & Analysis 6.4.1.1.

Market Revenues

6.4.2. Market Share & Analysis 6.4.2.1.

By Product Type

6.4.2.2.

By Application

6.5. Mexico Automotive Inverter Market Outlook, 2016-2026F 6.5.1. Market Size & Analysis 6.5.1.1.

Market Revenues

6.5.2. Market Share & Analysis

7.

6.5.2.1.

By Product Type

6.5.2.2.

By Application

South America Automotive Inverter Market Outlook, 2016-2026F

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7

Study Background – Project Outline

Historical Year: 2016 | Base Year: 2020 | Forecast Year: 2026

(5/12)

Table of Content 7.1. Market Size & Analysis 7.1.1. Market Revenues 7.2. Market Share & Analysis 7.2.1. By Product Type 7.2.2. By Application 7.2.3. By Power Output 7.2.4. By Technology 7.2.5. By Material 7.2.6. By End Users 7.2.7. By Country 7.2.7.1.

Brazil

7.2.7.2.

Others

7.3. Brazil Automotive Inverter Market Outlook, 2016-2026F 7.3.1. Market Size & Analysis 7.3.1.1.

Market Revenues

7.3.2. Market Share & Analysis

8.

7.3.2.1.

By Product Type

7.3.2.2.

By Application

Europe Automotive Inverter Market Outlook, 2016-2026F 8.1. Market Size & Analysis

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8

Study Background – Project Outline

Historical Year: 2016 | Base Year: 2020 | Forecast Year: 2026

(6/12)

Table of Content 8.1.1. Market Revenues 8.2. Market Share & Analysis 8.2.1. By Product Type 8.2.2. By Application 8.2.3. By Power Output 8.2.4. By Technology 8.2.5. By Material 8.2.6. By End Users 8.2.7. By Country 8.2.7.1.

The UK

8.2.7.2.

Germany

8.2.7.3.

Italy

8.2.7.4.

Spain

8.2.7.5.

France

8.2.7.6.

Others

8.3. The UK Automotive Inverter Market Outlook, 2016-2026F 8.3.1. Market Size & Analysis 8.3.1.1.

Market Revenues

8.3.2. Market Share & Analysis 8.3.2.1.

By Product Type

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Study Background – Project Outline

Historical Year: 2016 | Base Year: 2020 | Forecast Year: 2026

(7/12)

Table of Content 8.3.2.2.

By Application

8.4. Germany Automotive Inverter Market Outlook, 2016-2026F 8.4.1. Market Size & Analysis 8.4.1.1.

Market Revenues

8.4.2. Market Share & Analysis 8.4.2.1.

By Product Type

8.4.2.2.

By Application

8.5. Italy Automotive Inverter Market Outlook, 2016-2026F 8.5.1. Market Size & Analysis 8.5.1.1.

Market Revenues

8.5.2. Market Share & Analysis 8.5.2.1.

By Product Type

8.5.2.2.

By Application

8.6. Spain Automotive Inverter Market Outlook, 2016-2026F 8.6.1. Market Size & Analysis 8.6.1.1.

Market Revenues

8.6.2. Market Share & Analysis 8.6.2.1.

By Product Type

8.6.2.2.

By Application

8.7. France Automotive Inverter Market Outlook, 2016-2026F

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Study Background – Project Outline

Historical Year: 2016 | Base Year: 2020 | Forecast Year: 2026

(8/12)

Table of Content 8.7.1. Market Size & Analysis 8.7.1.1.

Market Revenues

8.7.2. Market Share & Analysis

9.

8.7.2.1.

By Product Type

8.7.2.2.

By Application

Middle East & Africa Automotive Inverter Market Outlook, 2016-2026F 9.1. Market Size & Analysis 9.1.1. Market Revenues 9.2. Market Share & Analysis 9.2.1. By Product Type 9.2.2. By Application 9.2.3. By Power Output 9.2.4. By Technology 9.2.5. By Material 9.2.6. By End Users 9.2.7. By Country 9.2.7.1.

GCC

9.2.7.2.

South Africa

9.2.7.3.

Others

9.3. GCC Automotive Inverter Market Outlook, 2016-2026F

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Study Background – Project Outline

Historical Year: 2016 | Base Year: 2020 | Forecast Year: 2026

(9/12)

Table of Content 9.3.1. Market Size & Analysis 9.3.1.1.

Market Revenues

9.3.2. Market Share & Analysis 9.3.2.1.

By Product Type

9.3.2.2.

By Application

9.4. South Africa Automotive Inverter Market Outlook, 2016-2026F 9.4.1. Market Size & Analysis 9.4.1.1.

Market Revenues

9.4.2. Market Share & Analysis 9.4.2.1.

By Product Type

9.4.2.2.

By Application

10. Asia-Pacific Automotive Inverter Market Outlook, 2016-2026F 10.1. Market Size & Analysis 10.1.1. Market Revenues 10.2. Market Share & Analysis 10.2.1. By Product Type 10.2.2. By Application 10.2.3. By Power Output 10.2.4. By Technology 10.2.5. By Material

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Study Background – Project Outline

Historical Year: 2016 | Base Year: 2020 | Forecast Year: 2026

(10/12)

Table of Content 10.2.6. By End Users 10.2.7. By Country 10.2.7.1.

China

10.2.7.2.

India

10.2.7.3.

Japan

10.2.7.4.

Others

10.3. China Automotive Inverter Market Outlook, 2016-2026F 10.3.1. Market Size & Analysis 10.3.1.1.

Market Revenues

10.3.2. Market Share & Analysis 10.3.2.1.

By Product Type

10.3.2.2.

By Application

10.4. India Automotive Inverter Market Outlook, 2016-2026F 10.4.1. Market Size & Analysis 10.4.1.1.

Market Revenues

10.4.2. Market Share & Analysis 10.4.2.1.

By Product Type

10.4.2.2.

By Application

10.5. Japan Automotive Inverter Market Outlook, 2016-2026F 10.5.1. Market Size & Analysis

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Study Background – Project Outline

Historical Year: 2016 | Base Year: 2020 | Forecast Year: 2026

(11/12)

Table of Content 10.5.1.1.

Market Revenues

10.5.2. Market Share & Analysis 10.5.2.1.

By Product Type

10.5.2.2.

By Application

11. Global Automotive Inverter Government Regulations and Policies 12. Global Automotive Inverter Value Chain Analysis 13. Global Automotive Inverter Market Trends & Insights 14. Global Automotive Inverter Market Dynamics 14.1. Growth Drivers 14.2. Challenges 14.3. Impact Analysis 15. Global Automotive Inverter Market Hotspot & Opportunities 16. Global Automotive Inverter Market Key Strategic Imperatives for Success & Growth 17. Competition Outlook 17.1. Competition Matrix 17.1.1. Target Markets 17.1.2. Research & Development 17.1.3. Collaborations & Strategic Alliances 17.1.4. Key Business Expansion Initiatives 17.1.5. Business Restructuring- Mergers, Acquisitions, JVs

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Study Background – Project Outline

Historical Year: 2016 | Base Year: 2020 | Forecast Year: 2026

(12/12)

Table of Content 17.1.6. Strategic Initiatives 17.2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans) 17.2.1. Hitachi Automotive Systems (Japan) 17.2.2. Denso (Japan) 17.2.3. TVS Group (India) 17.2.4. Arens Controls (USA) 17.2.5. Tata AutoComp Systems (India) 17.2.6. Continental (Germany) 17.2.7. Hyundai Mobis (Korea) 17.2.8. Valeo Group (France) 17.2.9. ABB (Switzerland) 17.2.10.

Mitsubishi Electric (Japan)

17.2.11.

Bosch (Germany)

17.2.12.

Lear (USA)

17.2.13.

China Auto Electronics Group (China)

17.2.14.

Magneti Marelli (Italy)

17.2.15.

Toyota Industries (Japan)

17.2.16.

Zhejiang Founder Motor (China)

18. Disclaimer

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15

Global Automotive Inverter Market Outlook, 2016-2026F

Global Automotive Inverter Market, By Revenues

(1/3)

Figure XX: Global Automotive Inverter Market Revenues (USD Million), 2016-26F

CAGR: X%

CAGR: X% COVID-19 Impact

2016

2017

2018

2019

2020

2021F

2022F

2023F

2024F

2025F

2026F

Source: MarkNtel Advisors

Overview • The global automotive inverter market was valued at X billion in 2020 and is projected to reach X billion by 2026, registering a compound annual growth rate (CAGR) of X% between 2021 and 2026 in terms of value. The growth in the automotive inverter market can be attributed to the rising demand for alternate energy vehicles. In addition, increasing government initiatives to reduce the greenhouse gas emissions globally has acted as a major factor in further increasing the market size for

automotive inverter. Furthermore, incentives provided by the government for purchasing new cars is driving the market growth for automotive inverters.

• XX • XX

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Global Automotive Inverter Market, By Product Type

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Figure XX: Global Automotive Inverter Market By Revenue (USD Million), By Revenue Share (Percentage), By Product Type, 2020 & 2026F Revenue Share (Percentage)

Revenues (USD Million), 2020-2026F

CAGR- X%

Square Wave

2020

Quasi-Sine Wave

Sine Wave

2026 2020 Square Wave

Quasi-Sine Wave

2026F Sine Wave Source: MarkNtel Advisors

Market Brief • XX • XX

• XX

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Global Automotive Inverter Market, By Application

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Figure XX: Global Automotive Inverter Market By Revenue (USD Million), By Revenue Share (Percentage), By Application, 2020 & 2026F Revenue Share (Percentage)

Revenues (USD Million), 2020-2026F

CAGR- X%

Electric Vehicles

2020

Hybrid Vehicles

Fuel Cell Vehicles

2026 2020 Electric Vehicles

Hybrid Vehicles

2026F Fuel Cell Vehicles Source: MarkNtel Advisors

Market Brief • This chapter covers the vehicle propulsion analysis for the automotive inverter market with respect to different propulsion types, namely battery electric vehicle and plug-in hybrid vehicle. These propulsion technologies are used to drive different types of vehicles such as passenger vehicles and commercial vehicles. The choice of these propulsion technologies is based on efforts put in by various governments and automotive manufacturers to build the market for both passenger and commercial

vehicles. While the efforts of transitioning to alternate energy vehicles has been directed majorly toward passenger vehicles, a significant attention has been given to develop commercial vehicles such as trucks and buses as well. The battery electric vehicle propulsion segment was the largest market for automotive inverter in 2020.

Its market size in terms of volume was X million units, which is expected to reach X million units by 2026 at a CAGR of X% during the forecast period. Increasing environmental awareness among consumers, improved charging infrastructure, and rise in investments to increase the range of electric vehicle are driving the

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Global Automotive Inverter Market, By Power Output

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Figure XX: Global Automotive Inverter Market By Revenue (USD Million), By Revenue Share (Percentage), By Power Output, 2020 & 2026F Revenue Share (Percentage)

Revenues (USD Million), 2020-2026F

CAGR- X% <130 KW

2020

2026 >130 KW

2020 <130 KW

2026F >130 KW Source: MarkNtel Advisors

• Power output ≤130 KW was the largest market for automotive inverter in 2018. Its market size in terms of volume was 4.4 million units, which is expected to reach 28.2 million units by 2029 at a CAGR of 17.46% during the forecast period 2019-2029. Increasing demand for low powered battery electric vehicle has increased the market for automotive inverter in power output ≤130 KW segment.

• ≤130 KW power output is majorly used in rear wheel drive vehicles. The vehicles with ≤130 KW consist of only one motor ranging between 1.5 KW to 130 KW

depending upon the power output required by the vehicle. ≤130 KW power output is majorly used in hybrid electric vehicles, plug-in hybrid electric vehicles and battery electric passenger vehicles.

• XX

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Global Automotive Inverter Market, By Technology

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Figure XX: Global Automotive Inverter Market By Revenue (USD Million), By Revenue Share (Percentage), By Technology, 2020 & 2026F Revenue Share (Percentage)

Revenues (USD Million), 2020-2026F

CAGR- X% IGBT

2020

2026 MOSFET

2020 IGBT

2026F MOSFET Source: MarkNtel Advisors

IGBT • Also referred to as insulated gate bipolar transistor, IGBT is a minority-carrier device with a large bipolar current-carrying capability and a high input impedance.

IGBTs have high switching speed and are preferably used as electronic switches. The combination of advantages of a metal oxide semiconductor field-effect transistor (MOSFET) and a bipolar junction transistor (BJT) has led to the development of IGBT, in order to achieve optimal device characteristics. IGBTs find their use majorly in

power electronics, such as in pulse width modulated (PWM) and three-phase drives requiring low noise and high dynamic range. Other application areas include switched-mode power supplies (SMPS), uninterrupted power supplies (UPS), and in other power circuits that require high switch repetition rates. The classification of IGBTs can be done according to the gate structure as trench-gate and planar-gate IGBTs and according to their vertical structures as thin-wafer punch-through, punchthrough, and non-punch-through IGBTs.

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21

Global Automotive Inverter Market, By Material

(1/2)

Figure XX: Global Automotive Inverter Market By Revenue (USD Million), By Revenue Share (Percentage), By Material, 2020 & 2026F Revenue Share (Percentage)

Revenues (USD Million), 2020-2026F

CAGR- X% Silicon

2020

2026 Silicon Carbide

2020 Silicon

2026F Silicon Carbide Source: MarkNtel Advisors

Market Brief • The main purpose of the automotive inverter in hybrid electric vehicles (HEV) and electric vehicles (EV) is to convert DC into AC for use in electric motor to drive the vehicle’s propulsion system. The automotive inverter plays a major role in capturing energy from regenerative braking and feeding it back to the battery. Currently, the mechatronic integration of mechanical assemblies and power electronic components need more mechanically robust and compact power modules. Designing of power

modules becomes a core element to achieve higher levels of power density and to fulfil increasingly stringent requirements. Therefore, a liquid cooling with high performance, compact size, and cost-competitiveness is required. Automotive inverters offer increased processing speed, ease of programming, flexible designs of interface, ease of integration, and cost-effectiveness. The following chapter covers the material analysis for automotive inverter market with respect to different materials used in inverters such as silicon and silicon carbide.

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22

Global Automotive Inverter Market, By End User

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Figure XX: Global Automotive Inverter Market By Revenue (USD Million), By Revenue Share (Percentage), By End User, 2020 & 2026F Revenue Share (Percentage)

Revenues (USD Million), 2020-2026F

CAGR- X% OEM

2020

2026 Aftermarket

2020 OEM

2026F Aftermarket Source: MarkNtel Advisors

OEM • The Original equipment manufacturers end market segment was the largest market for automotive inverter in 2020. Its market size in terms of volume was X billion units, which is expected to reach X billion units by 2026 at a CAGR of X% during the forecast period 2021-2026. The demand from original equipment manufacturers is mainly attributed to the increasing production of alternate energy vehicles, due to various country’s aim to ban sales of conventional energy vehicles by 2030 in order

to reduce global greenhouse gas emission.

• Original equipment manufacturer (OEM) is an independent entity that operates as a rebranding company for original manufactured products that is automotive inverter. OEMs supply their products to the end users such as BMW AG, Volkswagen Group, Toyota, and Nissan, which are the major alternate energy vehicle manufacturers. As a value-added reseller, OEMs undertake the accountability of product warranty and additionally leverage support and licensing of the product for

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Global Automotive Inverter Market, By Country

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Figure XX: Global Automotive Inverter Market Attractiveness By Country, 2021-2026

High Market Size

X

Most Attractive Markets to Invest During 2021-26

X

Market Size (USD Mn)

X

China

Challengers

Leaders

Laggards

Visionaries

X

X Low Market Size Low Growth

CAGR 2021-26 (Percentage)

X%

X%

X%

X%

High Growth

X%

Source: MarkNtel Advisors

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Global Automotive Inverter Market, By Company

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Figure XX: Global Automotive Inverter Market, Competition Characteristics, 2021

Sr. No.

Particulars

Description

1.

Competition Concentration Highlights

• XX • XX

2.

Number of Companies in the Market

• XX+

3.

Competitive Factors

• XX • XX

4.

Key End User Groups

• OEM (BAIC, XX, XX)

5.

Major Market Participants

•

6.

Market Share of Top 5 Competitors

• X%

7.

Other Notable Participants

• XX, XX, XX, XX

8.

Notable Strategic Events

• XX

Toyota, XX, XX, XX, XX

Source: MarkNtel Advisors

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25

Global Automotive Inverter Market Strategic Factorial Indexing

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Figure XX: Global Automotive Inverter Market Strategic Factorial Indexing, By Top Players, 2021

Parameters

Client Focus

Brand Capabilities

Innovation

Delivery

Toyota

XX

XX

XX

XX

Client Acquisition Framework

4.5

XX

XX

XX

XX

Existing Client Base

4.5

XX

XX

XX

XX

Client feedback on Products/Services

4.5

XX

XX

XX

XX

Satisfaction in terms of Value for Money

4.5

XX

XX

XX

XX

Overall Customer Experience with the Brand

4.5

XX

XX

XX

XX

Proximity between Existing Product Portfolio and End Users Need

4.0

XX

XX

XX

XX

Existing capabilities/proven competencies in the market in product delivery

5.0

XX

XX

XX

XX

Strength of Distribution Network

5.0

XX

XX

XX

XX

Product Marketing

5.0

XX

XX

XX

XX

Brand Image of Channel Partner

4.0

XX

XX

XX

XX

Brand Image of Equipment Supplier

5.0

XX

XX

XX

XX

Brand Awareness of Channel Partner

4.0

XX

XX

XX

XX

Brand Awareness of Equipment Supplier

5.0

XX

XX

XX

XX

Periodical Introduction of New Products

4.5

XX

XX

XX

XX

Technology Upgrades for Products

4.0

XX

XX

XX

XX

Investments in R&D

4.0

XX

XX

XX

XX

Establishment/Strengthening of Footprints

4.0

XX

XX

XX

XX

Growth in Top & Bottom Line Adoption of new Sales Channel/ Service Delivery/ Measures to boost product sales

5.0

XX

XX

XX

XX

4.0

XX

XX

XX

XX

4.5

XX

XX

XX

XX

Average Index

Source: MarkNtel Advisors

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Global Automotive Inverter Market, By Company

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Figure XX: Global Automotive Inverter Market, By Company, By Revenues, 2020

Others (USD XX Million)

Toyota (USD XX Million)

 XX

 XX

XX

 XX

 XX

XX

 XX

 XX

 XX

XX

Hitachi (USD XX Million)

XX

USD XX Billion

 XX

Denso (USD XX Million)  XX

 XX

 XX

 XX

 XX XX XX

Continental (USD XX Million)

Mitsubishi (USD XX Million)

 XX

 XX

 XX

 XX

 XX

 XX Source: MarkNtel Advisors

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Global Automotive Inverter Market, By Company- Who Supplies Whom?

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Figure XX: Global Automotive Inverter Market, Suppliers and Buyers, 2021

Sr. No.

OEM/Automotive Manufacturer

Automotive Manufacturer

1

Beijing Siemens Automotive E-Drive System (Changzhou)

• BAIC Motor Corporation., Ltd

2

Robert Bosch GmbH

• Volkswagen AG, Fiat Chrysler Automobiles

3

Calsonic Kansei Corporation

• XX

4

Continental AG

• XX

5

Dana Limited

• XX

6

Delphi Technologies

• XX

7

DENSO CORPORATION

• XX

8

Eaton

• XX

9

Hitachi Automotive Systems, Ltd.

• XX

10

Hyundai Mobis Co., Ltd.

• XX

11

BMW AG

• XX

12

BYD Company Ltd.

• XX

13

Nissan Motor Corporation

• XX

14

Groupe Renault

• XX

15

Tesla

• XX Source: MarkNtel Advisors

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28

Asia Pacific Automotive Inverter Market Outlook, 2016-2026F

Asia Pacific Automotive Inverter Market, By Revenues

(1/3)

Figure XX: Asia Pacific Automotive Inverter Market Revenues (USD Million), 2016-26F

CAGR: X%

CAGR: X% COVID-19 Impact

2016

2017

2018

2019

2020

2021F

2022F

2023F

2024F

2025F

2026F

Source: MarkNtel Advisors

Overview • The Asia-Pacific (APAC) automotive market is mainly dominated by countries such as China, Japan, India, and South Korea comprising some of the largest automotive manufacturers in the world. With the ongoing industrialization in countries such as China and India, the demand for vehicles have increased in APAC region.

Additionally, factors such as cheap labor, raw materials, and government support, have led to increase automotive production growth in this region. Another major

reason contributing to the growth of the market in APAC is that the countries within this region were able to sustain their economies during the global economic crisis of 2008-2009 and have been able to showcase constant growth in automobile production and sales across the globe. Rising urbanization and steady population growth are the major factors which play an important role in shaping the demand for alternate energy vehicles in the in the region. While the market for alternate energy vehicles, when viewed from a regional perspective, is still at its nascent stage, it is getting a significant boost from governments initiatives due to which it is expected to

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Document Outline Table of Content Study Background, Market Segmentation, Scope of Work

Research Process & Methodology Research Approach, Research Methodology

Sample Illustration Global Automotive Inverter Market Analysis, 2021

Commercials

Company Profile About the company

Contact Details

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