mistubishi inverter drive Traction inverters assist in converting energy from the vehicle’s battery to drive the motors in the drivetrain. The increasing demand for electric vehicles globally is one of the prominent factors supporting the traction inverter market growth. The traction inverter market is fragmented with the presence of many well-established and emerging players operating in the market. APAC region is expected to hold a significant market share due to its strong automotive manufacturing sector.
Increasing usage of various handheld household devices in vehicles, increasing sales of electric vehicles, and usage of navigation devices and smartphone by cab drivers are the major factors supporting the growth of the traction inverter market. However, complex design and integration process for advanced applications and functional safety requirements might hinder the growth of the traction inverter market. The increasing demand for combined inverter and DC/DC converter is creating business opportunities for the companies in the market.
The “Global Traction Inverter Market Analysis to 2027” is a specialized and in-depth study of the traction inverter market with a special focus on the global market trend analysis. The report aims to provide an overview of traction inverter market with detailed market segmentation by propulsion type, power type, vehicle type and geography. The global traction inverter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading traction inverter market players and offers key trends and opportunities in the traction inverter market.
The Major Players Covered in Global Traction Inverter Market are Curtiss-Wright, DANA TM4 INC., Delta Electronics, Eaton, GaN Systems, Mitsubishi Electric Corporation, Silicon Laboratories, STMicroelectronics, Toshiba International Corporation, Voith Turbo GmbH
The COVID-19 outbreak, which began in Wuhan (China) during December 2019, has spread at a fast pace worldwide. The global factory shutdowns, travel bans, and border lockdowns, to combat and contain the outbreak, have impacted every industry and economy worldwide. The majority of the manufacturing plants are either temporarily shut or operating with minimum staff; due to which the Traction Inverter and related components are disrupted. Additionally, the demand for frozen foods has been showcasing a slowdown since the outbreak of COVID-19 in the countries
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Traction Inverter market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Traction Inverter market segments and regions.
Researchers also carry out a comprehensive analysis of the recent regulatory changes and their impact on the competitive landscape of the industry. The research assesses the recent progress in the competitive landscape including collaborations, joint ventures, product launches, acquisitions, and mergers, as well as investments in the sector for research and development.