According to the research report titled ‘Global Automotive Inverter Market Research Report: Forecast (2021-2026)’, available with Market Study Report, global automotive inverter market is expected to witness a y-o-y growth rate of 9% during 2021-2026.
 

Technological breakthroughs in this business space, focus towards improving the range of electric vehicles, strict regulatory outlook regarding GHG emission levels, and surging investments towards developing effective EV charging infrastructure are some of the key factors driving the growth of global automotive inverter industry.
 

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The widespread outbreak of COVID-19 has severely affected the sales of electric vehicles as well as the automotive sector in general, owing to shutdown of production facilities and disrupted supply chain processes, which in turn could hamper the overall industry remuneration.
 

The application scope of this business space comprises of fuel cell vehicle, hybrid vehicle, and electric vehicle. Among these, global automotive inverter industry share from electric vehicles is predicted to expand considerably during the estimated timeframe.
 

Growing demand for electric vehicles, favorable regulatory outlook, shifting preferences towards using e-mobility solutions, and emphasis towards improving EV production capabilities have augmented the demand for automotive inverters among electric vehicles, which in turn is favoring the overall market scenario.
 

The competitive landscape of global automotive inverter market is defined by companies such as Zhejiang Founder Motor Co. Ltd., Toyota Industries Corporation, Magneti Marelli S.p.A., China Auto Electronics Group Ltd., Lear Corporation, Robert Bosch GmbH, Mitsubishi Electric Corp., ABB Ltd., Valeo Group, Hyundai Mobis, Continental AG, Tata AutoComp Systems Ltd., Arens Controls Co. LLC, TVS Group, Denso Corp., and Hitachi Automotive Systems Ltd. among others.