![]() Also, owing to the dropping prices of lithium-ion batteries, various automakers are turning to optimize lithium-ion batteries in their 48V systems. It is also cost-effective for automakers to introduce hybrid technology into their lineup and meet emissions regulations. It is a good compromise for consumers who are looking for a fuel-efficient vehicle that does not require the same level of infrastructure as a BEV. MHEV is an attractive revenue pocket for automakers right now. MHEV powertrain is estimated to be the fastest-growing market. In the coming years, the inverter market is expected to continue to grow with the growing demand for electric vehicles. Considering the complexity and sophistication required the manufacturing, the inverter market is concentrated by a few major players such as Bosch, Mitsubishi Electric, and Magna. The inverters contributed XX% of total EV components by value in 2022. All these factors depict inverters as a key component in EV powertrains. ![]() Inverters help to improve the efficiency of the electric motor by optimizing the power transfer from the battery to the motor, which in turn can help to increase the EV range. This allows the driver to control the vehicle's speed and acceleration. The inverters also control the speed and torque of the motor by adjusting the frequency and amplitude of the AC power. Inverters convert the DC power from the battery to the AC power used by the electric motor. Inverter is estimated to be the largest market in the MHEV powertrain market. Government support to increase EV sales to lower CO2 emissions Updated financial information / product portfolio of players ![]() Revenue Forecast, Competitive Landscape, Growth Factors, and Trendsīy Component (Motor/Generator, Battery, BMS, Controller, PDM, Inverter/Converter, On Board Charger), Type (BEV, MHEV, Series, Parallel & Series-Parallel Hybrid), Vehicle (BEV, FCEV, PHEV, MHEV), & RegionĪsia Pacific, North America, Europe, Rest of the World Drivers, Restraints, Opportunities & Challenges ![]()
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