Global Market Study on Traction Inverter: E-mobility and the Need to Curb Current Emission Scenario to Aggrandize Demand Through 2026


Traction Inverter  Market
  • Published On : Oct-2018 |
  • Pages : 343 Pages |
  • Format :

Persistence Market Research (PMR) analyzes the traction inverter market in its new publication titled “Traction Inverter Market Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026”. This global study on traction inverters provides data for 2017 along with a forecast for the period, 2018–2026. The main objective of the global traction inverter report is to identify the dynamics of the market and provide recent updates and insights that affect the various segments of the global traction inverter market. To provide a better understanding of the traction inverter market, the report also includes the analysis of global drivers, restraints and trends, which influence the current market scenario and will define the future status of the global traction inverter market over the forecast period.

PMR’s solution is aligned towards meeting defined objectives, which helps clients make informed decisions about the global traction inverter market. The research study offers detailed insights and in-depth research on the traction inverter market on global as well as regional levels. The traction inverter market report covers the important factors driving the growth of the market, untapped opportunities for manufacturers, trends and developments shaping the dynamics of the market and other insights across various key segments. The traction inverter market covers diverse sections, such as the executive summary, analysis and forecast, supply demand scenario, competition assessment and research methodology & assumptions.

PMR’s solution includes the formulation of the global traction inverter report and includes,

  • A scenario-based approach to represent a relevant forecast of global traction inverter sales, assessment of the impact of various factors and regulations on dynamics pertaining to the global traction inverter market using a systematic research methodology
  • Overview of the regulations and the underlying requirements and compliance approaches available to participants across the value-chain in the traction inverter market

The global traction inverter market can be segmented on the basis of product type, design, sales channel, vehicle type and regions/country.

The global traction inverter market has been segmented on the basis of vehicle type as,

  • Electric Vehicle
    • BEV
    • HEV
    • PHEV
  • Rail Type
    • VHS Trains & Metros
    • Mainline
    • Freight Train
    • Special Vehicle
  • Forklift
  • Golf Cart

The global traction inverter market has been segmented on the basis of technology as,

  • SiC
  • Si-IGBT

The global traction inverter market has been segmented on the basis of sales channel as,

  • OEM (Original Equipment Manufacturer)
  • Aftermarket

The global traction inverter market has been segmented on the basis of region/country as,

  • North America
  • Latin America
  • Europe
  • SEAP
  • China
  • Japan
  • MEA

To understand and assess the global traction inverter market opportunities and trends, the global traction inverter market has been categorically split into different sections on the basis of vehicle type, technology, sales channel and region. The global traction inverter market report starts with an overview of the traction inverter market and provides market definition & taxonomy, along with the value chain, pricing analysis, drivers, restraints and trends in the market. The sections that follow include the global traction inverter market analysis by vehicle type, technology, sales channel and region. All the above sections evaluate the traction inverter market on the basis of the various factors affecting the market. Each section discusses the qualitative and quantitative aspects of the global traction inverter market. To give a brief idea about revenue opportunities from the segments by vehicle type, technology, sales channel and region. The global traction inverter report also provides the market size in terms of value (US$ Mn) and Volume (‘000 Units), absolute $ opportunity and total incremental opportunity for each segment over the forecast period (2018 – 2026).

In the final section of the traction inverter market report, we have provided the global traction inverter market structure analysis and a detailed competition landscape with company market share and performance to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This is expected to enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.

Research Methodology

For traction inverter market data analysis, we have considered 2017 as the base year, with market numbers estimated for 2018 and forecasts for 2018–2026. To calculate the market size, the report considers the weighted average price of traction inverters on the basis of vehicle type and sales channel across key geographies on a country basis. The forecast assesses the total revenue (US$ Mn) and volume (‘000 Units) of the global traction inverter market. To deduce the market value, the cost of each type has been considered in the global traction inverter market. In order to provide an accurate forecast, we started by sizing up the current market, which forms the basis of how the global traction inverter market is expected to develop in the future. Critical market data, including the base number and segment splits, was devised through in-depth secondary and primary research. This data was then triangulated on the basis of different verticals by considering supply side as well as demand side drivers and other dynamics of various regional markets, along with the primary interviews of manufacturers and industry experts operating in the global traction inverter market.

We have also analyzed the different segments of the global traction inverter market in terms of Basis Point Share (BPS) to understand the relative contribution of every individual segment to the market growth. This detailed level of information is important for identifying various key trends governing the global traction inverter market. The report also analyzes the global traction inverter market on the basis of absolute dollar opportunity. This is usually overlooked while estimating the market forecast; however, from a sales perspective, it is essential to identify the absolute dollar opportunity to identify potential resources in the traction inverter market. PMR has developed a market attractiveness index to understand the key segments in terms of their performance and growth in the global traction inverter market. This market attractiveness index is expected to help clients identify real market opportunities in the global traction inverter market.

Global Traction Inverter Market Report Overview

Traction inverters are used for the conversion of supplied energy, which is then used to drive motors in the most efficient way.

In this report, we have considered the traction inverters installed in electric vehicles and rails, forklifts and golf carts. Industrial traction inverters have not been considered under the scope of research. Since the last couple of years, traction inverters are being used in most of the electric vehicles as they are one of the most important components of the electric propulsion system. The global traction inverter report is segmented on the basis of vehicle type, technology, sales channel and regions.   

Factors influencing the Traction Inverter Market Growth (Market Dynamics)

The need for a higher level of integration in automotive and transport industries is growing day by day. The concept of electro-mobility and an electrical machine combined with all the power electronics required for a traction inverter is attractive when it comes to sensitive factors such as weight restrictions and system costs. Nowadays, most electrified vehicles including locomotive, trams and metros, contain semiconductor modules of SiC (silicon carbide) and Si-IGBTs. The evolving trend of mechatronics to integrate electric components of a vehicle and mechanical parts and assemblies requires modules such as semiconductors with a high level of power density. Thus, semiconductor is the only molded packaged technological solution for this ongoing demand to achieve high-performance and cost-effective solutions.

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Key Developments in the Traction Inverter Market

In the traction inverter market, manufacturers such as BorgWarner Inc., Delphi Technologies, Siemens AG, Mitsubishi Electric Corporation, ABB and Toshiba Corporation, among others are some of the prominent players. These manufacturers are keenly focused on joint ventures with small-scale players to create a strong customer base across the globe so as to gain a higher market share in the traction inverter business. Moreover, these players are also opening new traction inverter manufacturing facilities in developing countries. Furthermore, most of the companies are introducing innovative products to sustain in the traction inverter market as this strategy helps companies to grow their business in the traction inverter segment in the global market. By introducing new categories of traction inverters, businesses can target previously untapped customer markets and gain modest traction in the traction inverter market.

  • In June 2018, BorgWarner Inc. inaugurated its state-of-the-art technical center in Pendleton, Indiana to support its production of hybrid and electric vehicle products in order to enhance its sales services and maintain its brand name
  • In March 2016, Prodrive Technologies announced a RapidIO 3.x collaboration agreement with Integrated Device Technology, Inc. to developed third generation products
  • In September 2017, Delphi Automotive PLC divided its business into two companies: Aptiv PLC for Mobility Business & Delphi Technologies for Powertrain Business in Massachusetts, U.S.

Traction Inverter Market Structure

The traction inverter market is a highly consolidated one, owing to the presence of several tier 1 & 2 players in the traction inverter market. The leading players have high presence across the globe. Tier-1 players are projected to account for a substantial share in the global market and are also projected to generate more revenue in the traction inverter market. Some of players hold more than 50% of the overseas business in traction inverter market across the globe. These factors are projected to positively impact the global traction inverter market during the forecast period.

A Brief Intro of Research Methodology for the Global Traction Inverter Market

Our research methodology for the traction inverter market is based on six basis points:

  • Defining Research Problem and Objective
    • During this step, we performed a deep-dive research analysis on the applications of traction inverters. Then, our team defined the traction inverter market in terms of installation location, application and benefits. During the next step, we made research objectives so that we were contrastable in crunching the traction inverter market. During the course of the research, our team found out that OEM is expected to be the most prominent segment in the global traction inverter market
  • Collecting, Analyzing and Interpreting Information
    • During this step, our team collected data pertaining to automotive vehicle production per region and per country from various sources, such as IMF, OICA, UN Data, IEEMA, TEEAM, DOE, PPIB, PEC, BEMMA, PUCSL and others government websites
    • We also conducted primary interviews with traction inverter manufacturers, suppliers and experts who have vast experience in the Traction Inverter market. Then interpreted the data collected from various sources and made a perfect frame model for automotive vehicle production and vehicle fleet.
  • Selecting Methods of Data Collection
    • In this step, our team selected the useful data with the help of sorting tools such as Excel. Moreover, the combined data collected from secondary and primary resources was sorted and arranged as per the requirement in the global market. During this step, we also multiplied data with the penetration rate for traction inverters in the regional as well as the global market
  • Deciding the Type of Data
    • During this step, our team regrouped the useful data for traction inverters. For instance, value share for BPS analysis, final year production of traction inverters and initial year production of traction inverters for year-over-year growth were collected. We also used this data to show the incremental $ opportunity charts for the global traction inverter market
  • Developing the Final Research Plan
    • During this step, valuable insights collected by our team during the course of study were collated into a market research report. The traction inverter market covers diverse sections such as the executive summary, analysis and forecast, supply demand scenario, competition assessment and research methodology & assumptions

Key Players Dominating the Traction Inverter Market

Some of the market participants identified across the traction inverter market include BorgWarner Inc., Delphi Technologies, Siemens AG, Mitsubishi Electric Corporation, ABB, Toshiba Corporation, Hitachi, Ltd., Voith GMbh, Infineon Technologies AG, Curtiss-Wright, TM4 Inc. and Prodrive Technologies, among others.

Company Profiles

  • BorgWarner Inc.
  • Delphi Technologies
  • Siemens AG
  • Mitsubishi Electric Corporation
  • ABB
  • TOSHIBA CORPORATION
  • Hitachi, Ltd.
  • Voith GMbh
  • Infineon Technologies AG
  • CURTISS-WRIGHT
  • TM4 Inc.
  • Prodrive Technologies
  • Others
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