PUBLISHER: Inkwood Research | PRODUCT CODE: 1408460
PUBLISHER: Inkwood Research | PRODUCT CODE: 1408460
The France electric vehicle power inverter market is set to grow with a CAGR of 12.04% between 2024-2032. The country's market growth is fuelled by key drivers, such as the increasing focus on research and development (R&D), coupled with the high emphasis on eco-friendly as well as efficient transportation solutions.
France's unwavering commitment to research and development solidifies its standing in the industry. The primary goal is to concurrently reduce the weight of the battery pack and increase energy density, tackling a pivotal challenge in the realm of battery electric vehicles (BEVs). In July 2023, Saft, a French company, initiated a collaboration with the French National Center for Scientific Research, Stellantis engineers, and researchers to pioneer a groundbreaking energy storage battery prototype.
This innovative prototype seamlessly integrates the functions of an inverter and a charger, elevating the battery's efficiency and, in turn, extending the range of BEVs while enhancing their reliability and affordability. Furthermore, this integration liberates space within the vehicle. As the nation continues to prioritize eco-friendly and efficient transportation solutions, power inverters emerge as central players in shaping France's vision for an advanced electric mobility future. Therefore, the abovementioned factors are projected to play a pivotal role in augmenting the electric vehicle power inverter market growth in France during the forecasted period.
Major players operating in the market include: Continental AG, BorgWarner Inc, Eaton Corporation, etc.