Traction Inverter Global Market Report 2025

Global Traction Inverter Market Report 2024

Traction Inverter Global Market Report 2025 – By Propulsion (Battery Electric Vehicle (BEV), Hybrid Electric Vehicles (HEV), Plug-In Hybrid Electric Vehicles (PHEV), Other Propulsion), By Technology (Insulated-Gate Bipolar Transistor (IGBT), Metal-Oxide Semiconductor Field-Effect Transistor (MOSFET), Other Technologies), By Vehicle (Passenger Cars, Commercial Vehicles) – Market Size, Trends, And Global Forecast 2025-2034

Name: Traction Inverter Global Market Report 2025
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Traction Inverter Global Market Report 2025

Report Price : $4490.00 | Pages : 175 | Published : January 2025 | Delivery Time: 2-3 business days | Format : pdf

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Traction Inverter Market Definition

A traction inverter is an electronic device used in electric vehicles (EVs) and hybrid vehicles to control the electric motor's speed and torque. It converts the vehicle's DC power (from the battery) into AC power, which is required to drive the electric motor. This critical component plays a key role in the performance, efficiency, and control of the vehicle's propulsion system.

The main propulsion types of traction inverters are battery electric vehicles (BEV), hybrid electric vehicles(HEV), plug-in hybrid electric vehicles(PHEV), and others. A battery electric vehicle (BEV) is a type of electric vehicle that exclusively uses chemical energy stored in rechargeable battery packs for propulsion. The various technologies include insulated-gate bipolar transistor(IGBT), metal-oxide-semiconductor field-effect transistor(MOSFET), and others. These are used in various vehicles such as passenger cars, and commercial vehicles.

Traction Inverter Market Segmentation

The traction inverter market covered in this report is segmented –

1) By Propulsion: Battery Electric Vehicle (BEV), Hybrid Electric Vehicles (HEV), Plug-In Hybrid Electric Vehicles (PHEV), Other Propulsion

2) By Technology: Insulated-Gate Bipolar Transistor (IGBT), Metal-Oxide Semiconductor Field-Effect Transistor (MOSFET), Other Technologies

3) By Vehicle: Passenger Cars, Commercial Vehicles

Subsegments:

1) By Battery Electric Vehicle (BEV): Fully Electric Vehicles, E-Bikes And E-Scooters

2) By Hybrid Electric Vehicles (HEV): Full Hybrid Vehicles, Mild Hybrid Vehicles

3) By Plug-In Hybrid Electric Vehicles (PHEV): PHEVs With Extended Range, Standard PHEVs

4) By Other Propulsion: Fuel Cell Electric Vehicles (FCEV), Range-Extended Electric Vehicles (REEV)

Traction Inverter Market Size and growth rate 2025 to 2029: Graph

Traction Inverter Market Size 2025 And Growth Rate

The traction inverter market size has grown rapidly in recent years. It will grow from $17.32 billion in 2024 to $20.54 billion in 2025 at a compound annual growth rate (CAGR) of 18.6%. The growth in the historic period can be attributed to electric vehicle (ev) adoption, stringent emission regulations, government incentives, rising consumer awareness, global focus on sustainable transportation.

Traction Inverter Market Growth Forecast

The traction inverter market size is expected to see rapid growth in the next few years. It will grow to $37.06 billion in 2029 at a compound annual growth rate (CAGR) of 15.9%. The growth in the forecast period can be attributed to continued electric vehicle growth, increasing energy density of batteries, expansion of charging infrastructure, government regulations and standards, r&d in power electronics. Major trends in the forecast period include automotive industry collaborations and partnerships, integration of vehicle-to-grid (v2g) technology, technological advancements, silicon carbide (sic) and gallium nitride (gan) adoption, smart inverters and digitalization.

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Traction Inverter Market Driver: Surging Electric Vehicle Popularity Fuels Robust Growth In The Traction Inverter Market

The rising popularity of electric vehicles is expected to propel the growth of the traction inverter market. An electric vehicle (EV) is a vehicle that relies on an electric motor for propulsion, using energy stored in rechargeable batteries. The traction inverter is used in electric vehicles to convert direct current (DC) from batteries into alternating current (AC), thus controlling the speed and torque of the electric motor, which is essential for the vehicle's performance and efficiency. For instance, in July 2023, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, the share of electric cars in total car sales increased from 9% in 2021 to 14% in 2022, with sales exceeding 10 million in 2022. Therefore, the rising popularity of electric vehicles is driving the growth of the traction inverter market.

Global Traction Inverter Market Major Players

Major companies operating in the traction inverter market report are Robert Bosch GmbH, Hitachi Ltd., Siemens AG, General Electric Company, Continental AG, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Toshiba Corporation, Lear Corporation, Texas Instruments Incorporated, Parker Hannifin Corporation, STMicroelectronics N.V., BorgWarner Inc., Infineon Technologies AG, Emerson Electric Co., Renesas Electronics Corporation, Dana Incorporated, Semiconductor Components Industries LLC - ON Semiconductor, Rockwell Automation Inc., Fuji Electric Co. Ltd., Voith GmbH & Co. KGaA, Yaskawa Electric Corporation, Curtiss Aeroplane and Motor Company, Delphi Technologies PLC

Global Traction Inverter Market Trend: Advancements In Silicon Carbide Technology For Electric Vehicle Traction Inverters

Major companies operating in the traction inverter market are focused on developing new technologies, such as next-gen silicon carbide tech for EV traction inverters to enable higher switching frequencies and reduce conduction losses. Next-generation silicon carbide (SiC) technology for electric vehicle (EV) traction inverters refers to the utilization of silicon carbide semiconductor materials to enhance the performance, efficiency, and durability of traction inverters used in electric and hybrid vehicles. For instance, in October 2024, STMicroelectronics NV, a Switzerland-based semiconductor manufacturing corporation, launched its fourth-generation STPOWER silicon carbide (SiC) MOSFET technology, specifically designed for electric vehicle (EV) traction inverters. This new generation boasts significantly lower on-resistance, faster switching speeds, and enhanced robustness, making IT ideal for both 400V and 800V applications. With availability in 750V and 1200V classes, the technology aims to improve power efficiency and density, benefiting not only the automotive sector but also high-power industrial applications like solar inverters and energy storage systems.

Traction Inverter Market Merger And Acquisition: Infineon Technologies Acquires Gan Systems To Strengthen Gallium Nitride Power Solutions Portfolio

In March 2023, Infineon Technologies, a Germany-based semiconductor company, acquired GaN Systems for $830 million. This acquisition aims to enhance its portfolio in gallium nitride power conversion solutions, addressing the growing demand for efficient and high-performance power systems across industries such as renewable energy, electric vehicles, and consumer electronics. GaN Systems is a Canada-based company involved in the development and application of traction inverters that utilize their advanced GaN technology.

Regional Outlook For The Global Traction Inverter Market

North America was the largest region in the traction inverter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the traction inverter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the traction inverter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Traction Inverter Market?

The traction inverter market consists of sales of inverter units, power modules, control software, cooling systems, and sensors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Traction Inverter Industry?

The traction inverter market research report is one of a series of new reports from The Business Research Company that provides traction inverter market statistics, including traction inverter industry global market size, regional shares, competitors with a traction inverter market share, detailed traction inverter market segments, market trends, and opportunities, and any further data you may need to thrive in the traction inverter industry. This traction inverter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Traction Inverter Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2025	$20.54 billion
Revenue Forecast In 2034	$37.06 billion
Growth Rate	CAGR of 15.9% from 2025 to 2034
Base Year For Estimation	2024
Actual Estimates/Historical Data	2019-2024
Forecast Period	2025 - 2029 - 2034
Market Representation	Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered	1) By Propulsion: Battery Electric Vehicle (BEV), Hybrid Electric Vehicles (HEV), Plug-In Hybrid Electric Vehicles (PHEV), Other Propulsion 2) By Technology: Insulated-Gate Bipolar Transistor (IGBT), Metal-Oxide Semiconductor Field-Effect Transistor (MOSFET), Other Technologies 3) By Vehicle: Passenger Cars, Commercial Vehicles Subsegments: 1) By Battery Electric Vehicle (BEV): Fully Electric Vehicles, E-Bikes And E-Scooters 2) By Hybrid Electric Vehicles (HEV): Full Hybrid Vehicles, Mild Hybrid Vehicles 3) By Plug-In Hybrid Electric Vehicles (PHEV): PHEVs With Extended Range, Standard PHEVs 4) By Other Propulsion: Fuel Cell Electric Vehicles (FCEV), Range-Extended Electric Vehicles (REEV)
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Robert Bosch GmbH, Hitachi Ltd., Siemens AG, General Electric Company, Continental AG, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Toshiba Corporation, Lear Corporation, Texas Instruments Incorporated, Parker Hannifin Corporation, STMicroelectronics N.V., BorgWarner Inc., Infineon Technologies AG, Emerson Electric Co., Renesas Electronics Corporation, Dana Incorporated, Semiconductor Components Industries LLC - ON Semiconductor, Rockwell Automation Inc., Fuji Electric Co. Ltd., Voith GmbH & Co. KGaA, Yaskawa Electric Corporation, Curtiss Aeroplane and Motor Company, Delphi Technologies PLC
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Traction Inverter Market Characteristics

3. Traction Inverter Market Trends And Strategies

4. Traction Inverter Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Traction Inverter Growth Analysis And Strategic Analysis Framework

5.1. Global Traction Inverter PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Traction Inverter Market Growth Rate Analysis

5.4. Global Traction Inverter Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Traction Inverter Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Traction Inverter Total Addressable Market (TAM)

6. Traction Inverter Market Segmentation

6.1. Global Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Battery Electric Vehicle (BEV)

Hybrid Electric Vehicles (HEV)

Plug-In Hybrid Electric Vehicles (PHEV)

Other Propulsions

6.2. Global Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Insulated-Gate Bipolar Transistor (IGBT)

Metal-Oxide Semiconductor Field-Effect Transistor (MOSFET)

Other Technologies

6.3. Global Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Passenger Cars

Commercial Vehicles

6.4. Global Traction Inverter Market, Sub-Segmentation Of Battery Electric Vehicle (BEV), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Fully Electric Vehicles

E-Bikes And E-Scooters

6.5. Global Traction Inverter Market, Sub-Segmentation Of Hybrid Electric Vehicles (HEV), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Full Hybrid Vehicles

Mild Hybrid Vehicles

6.6. Global Traction Inverter Market, Sub-Segmentation Of Plug-In Hybrid Electric Vehicles (PHEV), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

PHEVs With Extended Range

Standard PHEVs

6.7. Global Traction Inverter Market, Sub-Segmentation Of Other Propulsion, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Fuel Cell Electric Vehicles (FCEV)

Range-Extended Electric Vehicles (REEV)

7. Traction Inverter Market Regional And Country Analysis

7.1. Global Traction Inverter Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Traction Inverter Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Traction Inverter Market

8.1. Asia-Pacific Traction Inverter Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Traction Inverter Market

9.1. China Traction Inverter Market Overview

9.2. China Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Traction Inverter Market

10.1. India Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Traction Inverter Market

11.1. Japan Traction Inverter Market Overview

11.2. Japan Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Traction Inverter Market

12.1. Australia Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Traction Inverter Market

13.1. Indonesia Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Traction Inverter Market

14.1. South Korea Traction Inverter Market Overview

14.2. South Korea Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Traction Inverter Market

15.1. Western Europe Traction Inverter Market Overview

15.2. Western Europe Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Traction Inverter Market

16.1. UK Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Traction Inverter Market

17.1. Germany Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Traction Inverter Market

18.1. France Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Traction Inverter Market

19.1. Italy Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Traction Inverter Market

20.1. Spain Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Traction Inverter Market

21.1. Eastern Europe Traction Inverter Market Overview

21.2. Eastern Europe Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Traction Inverter Market

22.1. Russia Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Traction Inverter Market

23.1. North America Traction Inverter Market Overview

23.2. North America Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Traction Inverter Market

24.1. USA Traction Inverter Market Overview

24.2. USA Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Traction Inverter Market

25.1. Canada Traction Inverter Market Overview

25.2. Canada Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Traction Inverter Market

26.1. South America Traction Inverter Market Overview

26.2. South America Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Traction Inverter Market

27.1. Brazil Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Traction Inverter Market

28.1. Middle East Traction Inverter Market Overview

28.2. Middle East Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Traction Inverter Market

29.1. Africa Traction Inverter Market Overview

29.2. Africa Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Traction Inverter Market Competitive Landscape And Company Profiles

30.1. Traction Inverter Market Competitive Landscape

30.2. Traction Inverter Market Company Profiles

30.2.1. Robert Bosch GmbH Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Hitachi Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Siemens AG Overview, Products and Services, Strategy and Financial Analysis

30.2.4. General Electric Company Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Continental AG Overview, Products and Services, Strategy and Financial Analysis

31. Traction Inverter Market Other Major And Innovative Companies

31.1. Mitsubishi Electric Corporation

31.2. Schneider Electric SE

31.3. ABB Ltd.

31.4. Toshiba Corporation

31.5. Lear Corporation

31.6. Texas Instruments Incorporated

31.7. Parker Hannifin Corporation

31.8. STMicroelectronics N.V.

31.9. BorgWarner Inc.

31.10. Infineon Technologies AG

31.11. Emerson Electric Co.

31.12. Renesas Electronics Corporation

31.13. Dana Incorporated

31.14. Semiconductor Components Industries LLC - ON Semiconductor

31.15. Rockwell Automation Inc.

32. Global Traction Inverter Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Traction Inverter Market

34. Recent Developments In The Traction Inverter Market

35. Traction Inverter Market High Potential Countries, Segments and Strategies

35.1 Traction Inverter Market In 2029 - Countries Offering Most New Opportunities

35.2 Traction Inverter Market In 2029 - Segments Offering Most New Opportunities

35.3 Traction Inverter Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2019-2024, $ Billion

Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Table 3: Global Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 4: Global Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 5: Global Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 6: Global Traction Inverter Market, Sub-Segmentation Of Battery Electric Vehicle (BEV), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 7: Global Traction Inverter Market, Sub-Segmentation Of Hybrid Electric Vehicles (HEV), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 8: Global Traction Inverter Market, Sub-Segmentation Of Plug-In Hybrid Electric Vehicles (PHEV), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 9: Global Traction Inverter Market, Sub-Segmentation Of Other Propulsion, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 10: Global Traction Inverter Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 11: Global Traction Inverter Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 12: Asia-Pacific, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 13: Asia-Pacific, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 14: Asia-Pacific, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 15: China, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 16: China, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 17: China, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 18: India, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 19: India, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 20: India, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 21: Japan, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 22: Japan, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 23: Japan, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 24: Australia, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 25: Australia, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 26: Australia, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 27: Indonesia, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 28: Indonesia, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 29: Indonesia, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 30: South Korea, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 31: South Korea, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 32: South Korea, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 33: Western Europe, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 34: Western Europe, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 35: Western Europe, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 36: UK, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 37: UK, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 38: UK, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 39: Germany, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 40: Germany, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 41: Germany, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 42: France, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 43: France, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 44: France, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 45: Italy, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 46: Italy, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 47: Italy, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 48: Spain, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 49: Spain, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 50: Spain, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 51: Eastern Europe, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 52: Eastern Europe, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 53: Eastern Europe, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 54: Russia, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 55: Russia, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 56: Russia, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 57: North America, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 58: North America, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 59: North America, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 60: USA, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 61: USA, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 62: USA, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 63: Canada, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 64: Canada, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 65: Canada, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 66: South America, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 67: South America, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 68: South America, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 69: Brazil, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 70: Brazil, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 71: Brazil, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 72: Middle East, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 73: Middle East, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 74: Middle East, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 75: Africa, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 76: Africa, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 77: Africa, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 78: Robert Bosch GmbH Financial Performance

Table 79: Hitachi Ltd. Financial Performance

Table 80: Siemens AG Financial Performance

Table 81: General Electric Company Financial Performance

Table 82: Continental AG Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2019-2024, $ Billion

Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Figure 3: Global Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 4: Global Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 5: Global Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 6: Global Traction Inverter Market, Sub-Segmentation Of Battery Electric Vehicle (BEV), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 7: Global Traction Inverter Market, Sub-Segmentation Of Hybrid Electric Vehicles (HEV), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 8: Global Traction Inverter Market, Sub-Segmentation Of Plug-In Hybrid Electric Vehicles (PHEV), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 9: Global Traction Inverter Market, Sub-Segmentation Of Other Propulsion, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 10: Global Traction Inverter Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 11: Global Traction Inverter Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 12: Asia-Pacific, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 13: Asia-Pacific, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 14: Asia-Pacific, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 15: China, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 16: China, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 17: China, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 18: India, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 19: India, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 20: India, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 21: Japan, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 22: Japan, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 23: Japan, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 24: Australia, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 25: Australia, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 26: Australia, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 27: Indonesia, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 28: Indonesia, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 29: Indonesia, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 30: South Korea, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 31: South Korea, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 32: South Korea, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 33: Western Europe, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 34: Western Europe, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 35: Western Europe, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 36: UK, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 37: UK, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 38: UK, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 39: Germany, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 40: Germany, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 41: Germany, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 42: France, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 43: France, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 44: France, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 45: Italy, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 46: Italy, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 47: Italy, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 48: Spain, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 49: Spain, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 50: Spain, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 51: Eastern Europe, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 52: Eastern Europe, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 53: Eastern Europe, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 54: Russia, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 55: Russia, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 56: Russia, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 57: North America, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 58: North America, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 59: North America, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 60: USA, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 61: USA, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 62: USA, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 63: Canada, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 64: Canada, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 65: Canada, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 66: South America, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 67: South America, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 68: South America, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 69: Brazil, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 70: Brazil, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 71: Brazil, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 72: Middle East, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 73: Middle East, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 74: Middle East, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 75: Africa, Traction Inverter Market, Segmentation By Propulsion, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 76: Africa, Traction Inverter Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 77: Africa, Traction Inverter Market, Segmentation By Vehicle

, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 78: Robert Bosch GmbH Financial Performance

Figure 79: Hitachi Ltd. Financial Performance

Figure 80: Siemens AG Financial Performance

Figure 81: General Electric Company Financial Performance

Figure 82: Continental AG Financial Performance

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Frequently Asked Questions

What is the definition of the Traction Inverter market?

How will the Traction Inverter market drivers and restraints affect the market dynamics? What forces will shape the Traction Inverter industry going forward?

The Traction Inverter market major growth driver - Surging Electric Vehicle Popularity Fuels Robust Growth In The Traction Inverter Market. For further insights on the Traction Inverter market, request a sample here

What is the forecast market size or the forecast market value of the Traction Inverter market?

The Traction Inverter market size has grown strongly in recent years. The traction inverter market size has grown rapidly in recent years. It will grow from $17.32 billion in 2024 to $20.54 billion in 2025 at a compound annual growth rate (CAGR) of 18.6%. The growth in the historic period can be attributed to electric vehicle (ev) adoption, stringent emission regulations, government incentives, rising consumer awareness, global focus on sustainable transportation. The traction inverter market size is expected to see rapid growth in the next few years. It will grow to $37.06 billion in 2029 at a compound annual growth rate (CAGR) of 15.9%. The growth in the forecast period can be attributed to continued electric vehicle growth, increasing energy density of batteries, expansion of charging infrastructure, government regulations and standards, r&d in power electronics. Major trends in the forecast period include automotive industry collaborations and partnerships, integration of vehicle-to-grid (v2g) technology, technological advancements, silicon carbide (sic) and gallium nitride (gan) adoption, smart inverters and digitalization. For further insights on the Traction Inverter market, request a sample here

How is the Traction Inverter market segmented?

The traction inverter market covered in this report is segmented –
1) By Propulsion: Battery Electric Vehicle (BEV), Hybrid Electric Vehicles (HEV), Plug-In Hybrid Electric Vehicles (PHEV), Other Propulsion
2) By Technology: Insulated-Gate Bipolar Transistor (IGBT), Metal-Oxide Semiconductor Field-Effect Transistor (MOSFET), Other Technologies
3) By Vehicle: Passenger Cars, Commercial Vehicles Subsegments:
1) By Battery Electric Vehicle (BEV): Fully Electric Vehicles, E-Bikes And E-Scooters
2) By Hybrid Electric Vehicles (HEV): Full Hybrid Vehicles, Mild Hybrid Vehicles
3) By Plug-In Hybrid Electric Vehicles (PHEV): PHEVs With Extended Range, Standard PHEVs
4) By Other Propulsion: Fuel Cell Electric Vehicles (FCEV), Range-Extended Electric Vehicles (REEV) For further insights on the Traction Inverter market, request a sample here

Which region has the largest share of the Traction Inverter market? What are the other regions covered in the report?

North America was the largest region in the traction inverter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the traction inverter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the Traction Inverter market, request a sample here.

Who are the major players in the Traction Inverter market?

What are the key trends in the Traction Inverter market?

Major trends in the Traction Inverter market include Advancements In Silicon Carbide Technology For Electric Vehicle Traction Inverters. For further insights on the Traction Inverter market, request a sample here.

What are the major opportunities in the Traction Inverter market? What are the strategies for the Traction Inverter market?

For detailed insights on the major opportunities and strategies in the Traction Inverter market, request a sample here.

How does the Traction Inverter market relate to the overall economy and other similar markets?

For detailed insights on Traction Inverter's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the Traction Inverter industry?

For detailed insights on the mergers and acquisitions in the Traction Inverter industry, request a sample here.

What are the key dynamics influencing the Traction Inverter market growth? SWOT analysis of the Traction Inverter market.

For detailed insights on the key dynamics influencing the Traction Inverter market growth and SWOT analysis of the Traction Inverter industry, request a sample here.