Acumen Research and Consulting estimates that global Traction Inverter market is expected to reach the market value of around US$ 8.2 Bn by 2027 and is anticipated to grow at a CAGR of around 18% in terms of revenue during the forecast period 2020 – 2027.
Traction inverter is often referred to as an electric motor for the output of a rotating torque on a system. The friction inventors are used to adjust energy as quickly as possible and to make it available to the moving motor under the circumstances. In the future, the market is expected to thrive with a substantially higher CAGR.
The report provides analysis of global Traction Inverter market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
A higher level of integration is increasing every day in the automotive and transport industries. In comparison to critical factors such as weight constraints and device prices, the idea of electro mobility and electrical control united with all the power electronics required for a traction inverter are appealing. Today, the majority of electric vehicles, including locomotives, trams and trams, have Silicon carbide and Si-IGBT semiconductor modules. Devices such as semiconductors with a high power density include the emerging pattern of mechatronic modules in the vehicle and in a mechanical system and assemblies. Halbleiter is thus the only technical molded packaging option for this growing market for high performance and low cost solutions.
Sales for traction inverter sector high-power products
Rapidly increasing demand for efficient, economically-efficient, reliable and productive electrical propulsion systems has contributed significantly to traction inverter market revenue growth. Increased automation demand coupled with high power transmission fuels the development of the inverter market for traction. Increased demand for hybrid and electric cars driving the use of inverters for electric traction leads to global market growth. Developing lightweight and heat-resistant high-end components drives positive development in the demand for traction inverters. However, the quality and competitiveness of goods, which would considerably impinge on the output growth of traction inverter markets, is influenced by reliability and durability.
The market research study on “Traction Inverter Market (Traction Inverter Market By Type: Above 1000 KW, 500-1000 KW, 100-500 KW, Below 100 KW; Traction Inverter Market By Application: Metro, Light Rail Vehicles, EMU & Locomotives, DMU (Diesel Multiple Units), Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Traction Inverter market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Traction Inverter market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The Traction Inverter market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Traction Inverter market is segmented as below:
Traction Inverter Market By Type
Above 1000 KW
Below 100 KW
Traction Inverter Market By Application
Light Rail Vehicles
EMU & Locomotives
DMU (Diesel Multiple Units)
Traction Inverter Market By Geography
Middle East & Africa
Key Players and Market Situation
Participants include major global players such Delphi Technologies, Denso, Continental AG, Mitsubishi Electric Corporation, Robert Bosch GmbH, Others.
These manufacturers focus strongly upon joint ventures with small players to build a strong client base around the world in order to gain a higher market share in the traction inverter enterprise. In addition, these actors are also opening new production facilities in developing countries for traction inverters. In the traction inverter market, most companies also introduce innovative products, which help companies to grow their business in the worldwide traction reverser segment. Through launching new traction converters, businesses will target their customers previously untapped and achieve moderate momentum on the momentum inverter market.
2016, Prodrive Technologies announced a partnership arrangement for the manufacture of third generation products between RapidIO 3.x and Integrated System Technology, Inc.
Rise in Usage of Traction Inverter in Railways as a Semiconductor Devices is a key driver of the market.
High Cost of traction inventers.
The market value of traction inverter is anticipated to be around US$ 8.2 Bn in 2027.
It is anticipated to grow around 18% CAGR amid the forecast period 2020-2027.
Delphi Technologies, Denso, Continental AG, Mitsubishi Electric Corporation, Robert Bosch GmbH, and others are the prominent players in the market.
Asia Pacific is projected to grow at a fast pace during forecast period 2020-2027.
Asia Pacific held maximum share in 2019.