EV Inverter Market Analysis

Automotive inverters play a crucial role in converting energy within the electric powertrain system of an electric vehicle. Even though the development of batteries is encountering the bottleneck of further increasing their energy density, the market for inverters is set to experience positive growth in 2023 due to rising vehicle sales. To enhance the driving range of electric vehicles, manufacturers and Tier-1 suppliers are turning to inverters equipped with SiC-MOSFETs.

Currently, the market for automotive inverters is primarily dominated by manufacturers from Europe, the United States, and Japan. However, Chinese suppliers are quickly catching up. Looking ahead, as the focus remains on improving the driving range, car manufacturers, Tier-1 suppliers, and suppliers of power semiconductor components will work together to improve the performance of inverters. This will result in a diverse range of collaborations within the sector.

Table of Contents

• 1. An Introduction to EV Inverters
• 2. Current State of the Market
• 3. Key Focus Areas in EV Inverter Industry
• 4. TRI's View