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Asia Pacific Electric Vehicle Power Inverter Market 2021-2031 by Inverter Type (Traction, Soft-switching), Integration Level (Integrated, Mechatronic, Separate), Propulsion Type (BEVs, HEVs, PHEVs, FCEVs), Vehicle Type (Passenger, Commercial), Distribution (Aftermarket, OEM), and Country: Trend Forecast and Growth Opportunity

Published: 31 Aug 2022 | Report Code: 10248736 | Pages: 112

Asia Pacific electric vehicle power inverter market will grow by 13.6% annually with a total addressable market cap of $173,893 million over 2022-2031, driven by the increasing sales of electric vehicles, the growing incorporation of inverters operating in EVs, the growing government support, and the technological advancements in the field of power electronics. Highlighted with 29 tables and 44 figures, this 112-page report “Asia Pacific Electric Vehicle Power Inverter Market 2021-2031 by Inverter Type (Traction, Soft-switching), Integration Level (Integrated, Mechatronic, Separate), Propulsion Type (BEVs, HEVs, PHEVs, FCEVs), Vehicle Type (Passenger, Commercial), Distribution (Aftermarket, OEM), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific electric vehicle power inverter market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.) In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific electric vehicle power inverter market in every aspect of the classification from perspectives of Inverter Type, Integration Level, Propulsion Type, Vehicle Type, Distribution, and Country. Based on Inverter Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Traction Inverter • Soft-switching Inverter Based on Integration Level, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Integrated Inverter System • Mechatronic Integration System • Separate Inverter System By Propulsion Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Battery Electric Vehicles (BEVs) • Hybrid Electric Vehicles (HEVs) • Plug-in Hybrid Electric Vehicle (PHEVs) • Fuel Cell Electric Vehicle (FCEVs) By Vehicle Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Passenger Cars • Commercial Vehicles By Distribution, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Aftermarket • OEM Geographically, the following national/local markets are fully investigated: • Japan • China • South Korea • Australia • India • Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines) For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Propulsion Type, Vehicle Type and Distribution over the forecast years are also included. The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Selected Key Players: Aptiv PLC (Borgwarner Inc.) Continental AG CWB Automotive Electronics Co., Ltd. DENSO Corporation Drive System Design LTD Eaton Corporation PLC Exalta Oxy Neuron Fraunhofer ISE Hangzhou Tonny Electric & Tools Co., Ltd. Hitachi Astemo Ltd Hyundai Mobis Co., Ltd. Infineon Technologies AG Jinan ACME Power Supply Co., Ltd. John Deere Electronic Solutions Lear Corporation LG Magna e-Powertrain Marelli Corporation Meidensha Corporation Mitsubishi Electric Corporation Robert Bosch GMBH Toyota Industries Corporation Valeo Group Vitesco Technologies Wenzhou Kangyu Electrical Co., Ltd. ZF Friedrichshafen AG (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Table of Contents:
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 24
2.2 Major Growth Drivers 26
2.3 Market Restraints and Challenges 31
2.4 Emerging Opportunities and Market Trends 34
2.5 Porter’s Fiver Forces Analysis 38
3 Segmentation of Asia Pacific Market by Inverter Type 42
3.1 Market Overview by Inverter Type 42
3.2 Traction Inverter 44
3.3 Soft-switching Inverter 45
4 Segmentation of Asia Pacific Market by Integration Level 46
4.1 Market Overview by Integration Level 46
4.2 Integrated Inverter System 48
4.3 Mechatronic Integration System 49
4.4 Separate Inverter System 50
5 Segmentation of Asia Pacific Market by Propulsion Type 51
5.1 Market Overview by Propulsion Type 51
5.2 Battery Electric Vehicles (BEVs) 53
5.3 Hybrid Electric Vehicles (HEVs) 54
5.4 Plug-in Hybrid Electric Vehicle (PHEVs) 55
5.5 Fuel Cell Electric Vehicle (FCEVs) 56
6 Segmentation of Asia Pacific Market by Vehicle Type 57
6.1 Market Overview by Vehicle Type 57
6.2 Passenger Cars 59
6.3 Commercial Vehicles 60
7 Segmentation of Asia Pacific Market by Distribution 61
7.1 Market Overview by Distribution 61
7.2 Aftermarket 63
7.3 OEM 64
8 Asia-Pacific Market 2021-2031 by Country 65
8.1 Overview of Asia-Pacific Market 65
8.2 Japan 68
8.3 China 71
8.4 Australia 73
8.5 India 76
8.6 South Korea 78
8.7 Rest of APAC Region 80
9 Competitive Landscape 82
9.1 Overview of Key Vendors 82
9.2 New Product Launch, Partnership, Investment, and M&A 85
9.3 Company Profiles 86
Aptiv PLC (Borgwarner Inc.) 86
Continental AG 88
CWB Automotive Electronics Co., Ltd. 89
DENSO Corporation 90
Drive System Design LTD 91
Eaton Corporation PLC 92
Exalta Oxy Neuron 93
Fraunhofer ISE 94
Hangzhou Tonny Electric & Tools Co., Ltd. 95
Hitachi Astemo Ltd 96
Hyundai Mobis Co., Ltd. 97
Infineon Technologies AG 98
Jinan ACME Power Supply Co., Ltd. 99
John Deere Electronic Solutions 100
Lear Corporation 101
LG Magna e-Powertrain 102
Marelli Corporation 103
Meidensha Corporation 104
Mitsubishi Electric Corporation 105
Robert Bosch GMBH 106
Toyota Industries Corporation 107
Valeo Group 108
Vitesco Technologies 109
Wenzhou Kangyu Electrical Co., Ltd. 110
ZF Friedrichshafen AG 111
RELATED REPORTS 112
List of Tables:

Table 1.  Snapshot of Asia Pacific Electric Vehicle Power Inverter Market in Balanced Perspective, 2021-2031 17
Table 2. World Economic Outlook, 2021-2031 21
Table 3. World Economic Outlook, 2021-2023 22
Table 4.  Main Product Trends and Market Opportunities in Asia Pacific Electric Vehicle Power Inverter Market 34
Table 5. Asia Pacific Electric Vehicle Power Inverter Market by Inverter Type, 2021-2031, $ mn 42
Table 6. Asia Pacific Electric Vehicle Power Inverter Market by Integration Level, 2021-2031, $ mn 46
Table 7. Asia Pacific Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn 51
Table 8. Asia Pacific Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn 57
Table 9. Asia Pacific Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn 61
Table 10. APAC Electric Vehicle Power Inverter Market by Country, 2021-2031, $ mn 66
Table 11. Japan Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn 70
Table 12. Japan Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn 70
Table 13. Japan Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn 70
Table 14. China Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn 72
Table 15. China Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn 72
Table 16. China Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn 72
Table 17. Australia Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn 75
Table 18. Australia Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn 75
Table 19. Australia Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn 75
Table 20. India Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn 77
Table 21. India Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn 77
Table 22. India Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn 77
Table 23. South Korea Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, $ mn 79
Table 24. South Korea Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, $ mn 79
Table 25. South Korea Electric Vehicle Power Inverter Market by Distribution, 2021-2031, $ mn 79
Table 26. Electric Vehicle Power Inverter Market in Rest of APAC by Country/Region, 2021-2031, $ mn 81
Table 27. Aptiv PLC (Borgwarner Inc.): Company Snapshot 86
Table 28. Aptiv PLC (Borgwarner Inc.): Business Segmentation 87
Table 29. Aptiv PLC (Borgwarner Inc.): Product Portfolio 87
List of Figures:

Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 16
Figure 4. Asia Pacific Electric Vehicle Power Inverter Market, 2021-2031, $ mn 19
Figure 5. Impact of COVID-19 on Business 24
Figure 6. Primary Drivers and Impact Factors of Asia Pacific Electric Vehicle Power Inverter Market 26
Figure 7. World Electric Vehicle Market, 2019-2030, $ bn 29
Figure 8. Share of GHG Emissions Covered by Countries That Have Adopted or Announced Net Zero Emission Targets 29
Figure 9. Cumulative Carbon Dioxide Emissions by Country, 1850-2021 30
Figure 10. Primary Restraints and Impact Factors of Asia Pacific Electric Vehicle Power Inverter Market 31
Figure 11. Investment Opportunity Analysis 35
Figure 12. Porter’s Fiver Forces Analysis of Asia Pacific Electric Vehicle Power Inverter Market 38
Figure 13. Breakdown of Asia Pacific Electric Vehicle Power Inverter Market by Inverter Type, 2021-2031, % of Revenue 43
Figure 14. Asia Pacific Addressable Market Cap in 2022-2031 by Inverter Type, Value ($ mn) and Share (%) 43
Figure 15. Asia Pacific Electric Vehicle Power Inverter Market by Inverter Type: Traction Inverter, 2021-2031, $ mn 44
Figure 16. Asia Pacific Electric Vehicle Power Inverter Market by Inverter Type: Soft-switching Inverter, 2021-2031, $ mn 45
Figure 17. Breakdown of Asia Pacific Electric Vehicle Power Inverter Market by Integration Level, 2021-2031, % of Sales Revenue 47
Figure 18. Asia Pacific Addressable Market Cap in 2022-2031 by Integration Level, Value ($ mn) and Share (%) 47
Figure 19. Asia Pacific Electric Vehicle Power Inverter Market by Integration Level: Integrated Inverter System, 2021-2031, $ mn 48
Figure 20. Asia Pacific Electric Vehicle Power Inverter Market by Integration Level: Mechatronic Integration System, 2021-2031, $ mn 49
Figure 21. Asia Pacific Electric Vehicle Power Inverter Market by Integration Level: Separate Inverter System, 2021-2031, $ mn 50
Figure 22. Breakdown of Asia Pacific Electric Vehicle Power Inverter Market by Propulsion Type, 2021-2031, % of Sales Revenue 52
Figure 23. Asia Pacific Addressable Market Cap in 2022-2031 by Propulsion Type, Value ($ mn) and Share (%) 52
Figure 24. Asia Pacific Electric Vehicle Power Inverter Market by Propulsion Type: Battery Electric Vehicles (BEVs), 2021-2031, $ mn 53
Figure 25. Asia Pacific Electric Vehicle Power Inverter Market by Propulsion Type: Hybrid Electric Vehicles (HEVs), 2021-2031, $ mn 54
Figure 26. Asia Pacific Electric Vehicle Power Inverter Market by Propulsion Type: Plug-in Hybrid Electric Vehicle (PHEVs), 2021-2031, $ mn 55
Figure 27. Asia Pacific Electric Vehicle Power Inverter Market by Propulsion Type: Fuel Cell Electric Vehicle (FCEVs), 2021-2031, $ mn 56
Figure 28. Breakdown of Asia Pacific Electric Vehicle Power Inverter Market by Vehicle Type, 2021-2031, % of Revenue 58
Figure 29. Asia Pacific Addressable Market Cap in 2022-2031 by Vehicle Type, Value ($ mn) and Share (%) 58
Figure 30. Asia Pacific Electric Vehicle Power Inverter Market by Vehicle Type: Passenger Cars, 2021-2031, $ mn 59
Figure 31. Asia Pacific Electric Vehicle Power Inverter Market by Vehicle Type: Commercial Vehicles, 2021-2031, $ mn 60
Figure 32. Breakdown of Asia Pacific Electric Vehicle Power Inverter Market by Distribution, 2021-2031, % of Revenue 62
Figure 33. Asia Pacific Addressable Market Cap in 2022-2031 by Distribution, Value ($ mn) and Share (%) 62
Figure 34. Asia Pacific Electric Vehicle Power Inverter Market by Distribution: Aftermarket, 2021-2031, $ mn 63
Figure 35. Asia Pacific Electric Vehicle Power Inverter Market by Distribution: OEM, 2021-2031, $ mn 64
Figure 36. Breakdown of APAC Electric Vehicle Power Inverter Market by Country, 2021 and 2031, % of Revenue 66
Figure 37. Contribution to APAC 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 67
Figure 38.  Electric Vehicle Power Inverter Market in Japan, 2021-2031, $ mn 69
Figure 39.  Electric Vehicle Power Inverter Market in China, 2021-2031, $ mn 71
Figure 40.  Electric Vehicle Power Inverter Market in Australia, 2021-2031, $ mn 73
Figure 41.  Electric Vehicle Power Inverter Market in India, 2021-2031, $ mn 76
Figure 42.  Electric Vehicle Power Inverter Market in South Korea, 2021-2031, $ mn 78
Figure 43.  Electric Vehicle Power Inverter Market in Rest of APAC, 2021-2031, $ mn 80
Figure 44. Growth Stage of Asia Pacific Electric Vehicle Power Inverter Industry over the Forecast Period 82
Selected Key Players: 
Aptiv PLC (Borgwarner Inc.)
Continental AG
CWB Automotive Electronics Co., Ltd.
DENSO Corporation
Drive System Design LTD
Eaton Corporation PLC
Exalta Oxy Neuron
Fraunhofer ISE
Hangzhou Tonny Electric & Tools Co., Ltd.
Hitachi Astemo Ltd
Hyundai Mobis Co., Ltd.
Infineon Technologies AG
Jinan ACME Power Supply Co., Ltd.
John Deere Electronic Solutions
Lear Corporation
LG Magna e-Powertrain
Marelli Corporation
Meidensha Corporation
Mitsubishi Electric Corporation
Robert Bosch GMBH
Toyota Industries Corporation
Valeo Group
Vitesco Technologies
Wenzhou Kangyu Electrical Co., Ltd.
ZF Friedrichshafen AG
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)