Traction Inverter Market Overview:-
Traction Inverter Market is expected to grow from US$ 13128.48 million in 2021 to US$ 39140.79 million by 2032.
The inverter and motor, two essential components of an EV, collaborate to determine the vehicle’s dynamics, performance, and driving experience. The range of a vehicle is directly impacted by the performance of the motor and traction under all driving circumstances, including acceleration, steady state, and energy recovery into the battery through regenerative braking. The automotive-qualified traction inverter uses gate drivers and power supply ICs from Power Integrations, which improves efficiency while lowering costs and space requirements and ensuring functional safety. Packages are compliant with the most recent standards for cars switching to 800 V designs with strengthened isolation and greater creepage distance.
The significant rise in demand for electric and hybrid vehicles across the globe is one of the primary factors that create opportunities for industry growth. Automotive manufacturers and suppliers are boosting their output in response to the rising need for greater levels of integration and enhanced power density across electric vehicles.
In the high voltage electrical system of a car, truck, or bus, the traction inverter is situated between the high voltage system battery and the electric motor. The HV system’s DC electricity is transformed into three AC output phases to power the motor. The inverter and motor, two essential components of an EV, collaborate to determine the vehicle’s dynamics, performance, and driving experience.
Growth Factors:-
One of the key elements driving industry growth is the rise in demand for electric and hybrid electric vehicles due to the safe and dependable driving experience they offer. To address the rising need for higher degrees of integration and greater power density across electric vehicles, automakers and suppliers are boosting their output.
The growing market for traction inverters can be linked to the rising demand for lithium-ion batteries, which will lead to growth in the car traction inverter industry. Nickel manganese cobalt still makes up the majority of lithium-ion batteries used in consumer electronics, with nickel-cobalt aluminium accounting for the remainder of the market. Lithium-ion phosphate batteries have increased their market share, but they still only account for less than 4% of the total market.
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Segmentation:-
Global Traction Inverter Market: Major Players
Curtiss-Wright
Silicon Laboratories
DANA TM4 INC
STMicroelectronics
Eaton
GaN Systems
Delta Electronics Inc
Mitsubishi Electric Corporation
Toshiba International Corporation
Voith Turbo GmbH
Global Traction Inverter Market: By Types
Above 1000 KW
500-1000 KW
100-500 KW
Below 100 KW
Global Traction Inverter Market: By Applications
Commercial Vehicle Trucks
Bus
Insights:-
The automotive and transportation sectors are becoming more integrated on a daily basis. The idea of electro mobility and electrical control combined with all the power electronics necessary for a traction inverter is enticing when compared to important criteria like weight restrictions and device pricing. Most electric vehicles on the road today, including locomotives, trams, and trams, have Si-IGBT and Silicon carbide semiconductor modules. The rising trend of mechatronic modules in vehicles as well as in mechanical systems and assemblies includes devices like semiconductors with a high power density. Thus, the only technological moulded packaging choice for this expanding market for high-performing and affordable solutions is Halbleiter.
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