Electric Vehicle Power Inverter Market Share

Statistics for the 2023 & 2024 Electric Vehicle Power Inverter market share, created by Mordor Intelligence™ Industry Reports. Electric Vehicle Power Inverter share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of Electric Vehicle Power Inverter Industry

The global electric vehicle power inverter market is dominated by a few players such as Continental AG, Robert Bosch GmbH, DENSO Corporation, and Mitsubishi Electric Corporation. The companies are expanding their business by opening new production plants and making joint ventures so that they can have an edge over their competitors. For instance,

  • In November 2022, Continental AG completed the construction of the third expansion of the electronic components factory in Timișoara. The company invested Euro 40 Million for the manufacturing operation facility which will enhance the production capacity of electric vehicle components across the country.
  • In October 2021, Robert Bosch debuted a new CV-specific electric motor and inverter. This 230 e-motor can be paired with Bosch's advanced Sic inverter to cut down on energy losses and increase the driving range of commercial vehicles.
  • In May 2021, Robert Bosch, in association with Porsche and Fraunhofer Institute for Reliability and Micro integration (Fraunhofer IZM) in Berlin, announced a new project aimed at increasing the range of electric vehicles (EVs) by enhancing the performance of power inverters in vehicles.

EV Power Inverter Market Leaders

  1. DENSOCorporation

  2. Mitsubishi Electric Corporation

  3. Tesla, Inc.

  4. Toyota Industries Corporation

  5. Valeo SA

*Disclaimer: Major Players sorted in no particular order

Electric Vehicle Power Inverter Market Concentration

Electric Vehicle Power Inverter Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)