The global Vehicle Inverters Market is projected to grow at a CAGR of 17.57% during the forecast period, to reach USD 7.7 billion by 2025 from an estimated USD 2.5 billion in 2018. The automobile industry has witnessed a continuous increase in the integration of various electronic devices in the vehicles. The rising demand for reducing carbon emissions has led to huge innovations and R&D efforts from OEMs and automotive suppliers for the development of components (battery and inverters) and compliance with government regulations. Moreover, the overall weight of the vehicles has increased due to the integration of various electronic features in electric vehicles. The awareness among the consumers, OEMs, and various suppliers along with a push from the government will boost the demand for vehicle inverters in the market.

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Recent developments

• In October 2018, Valeo Siemens eAutomotive, a joint venture between suppliers Valeo and Siemens, opened a factory in the east China city of Changshu to expand output of high-voltage components for electrified vehicles in China. The plant has 2 production lines for inverters and 1 for electric motors.

• In September 2018, Hitachi, Ltd. announced the development of an original energy saving power semiconductor structure, TED-MOS, using next-generation Silicon Carbide (SiC) material that contributes to saving energy in Electric Vehicles (EVs). This power semiconductor is a new device using a fin-structured trench MOSFET based on the conventional DMOS-FET, a SiC transistor of power semiconductor. Using this new device, an energy saving of 50% was confirmed. Hitachi intends to apply this device in motor drive inverters, which are a core component of EVs to increase energy efficiency.

• In September 2018, Delphi Technologies electrification solutions will be developed and manufactured in every region, with new facilities currently being built in Poland and China. Once operational, the Polish facility, located at Blonie, will manufacture DC-DC converters, inverters, and control units.

• In February 2018, Delphi Technologies, PLC launched the first combined inverter and DC/DC converter (CIDD) in the Chinese market. For automakers, these components create a more efficient and cost-effective solution delivering higher power density, integrated into a smaller and lighter package.

• In January 2018, Delphi Technologies PLC invested in PolyCharge America, Inc., a start-up established to commercialize a new capacitor technology. This technology helps to make high-power inverters smaller, lighter, and more tolerant to high temperatures.

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Critical Questions:

• How will electric vehicle sales trend impact the vehicle inverters market in the long term?
• How will the industry cope with the challenge of compactness and light weight components for vehicle inverters?
• What is the impact of government regulations and policies on the vehicle inverters market?
• What are the upcoming trends in the vehicle inverters market? What impact would they make post 2020?
• What are the key strategies adopted by the top players to increase their revenue?

Key Market Players

The global vehicle inverters market is dominated by major players such as Denso (Japan), Delphi Technologies (UK), Continental AG (Germany), Robert Bosch GmbH (Germany), and Mitsubishi Electric Corporation (Japan). These companies have strong distribution networks at the global level. In addition, these companies offer an extensive range of products for electric vehicles. The key strategies adopted by these companies to sustain their market position are new product developments, partnerships, and expansions.

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