Traction Inverter Market Size, Share, and Trends 2025 to 2034

Traction Inverter Market (By Propulsion: BEV, HEV, PHEV, Others; By Voltage: Up to 200V, 200 to 900V, 900V and above; By Technology: IGBT, MOSFET, Others; By Vehicle: Passenger Cars, Commercial Vehicles, Others) - Global Industry Analysis, Size, Trends, Leading Companies, Regional Outlook, and Forecast 2025 to 2034

Last Updated : 12 Nov 2025  |  Report Code : 3579  |  Category : Automotive   |  Format : PDF / PPT / Excel

 Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Traction Inverter Market 

5.1. COVID-19 Landscape: Traction Inverter Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Traction Inverter Market, By Propulsion

8.1. Traction Inverter Market Revenue and Volume Forecast, by Propulsion

8.1.1. BEV

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. HEV

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. PHEV

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Others

8.1.4.1. Market Revenue and Volume Forecast

Chapter 9. Global Traction Inverter Market, By Voltage

9.1. Traction Inverter Market Revenue and Volume Forecast, by Voltage

9.1.1. Up to 200V

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. 200 to 900V

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. 900V and above

9.1.3.1. Market Revenue and Volume Forecast

Chapter 10. Global Traction Inverter Market, By Technology 

10.1. Traction Inverter Market Revenue and Volume Forecast, by Technology

10.1.1. IGBT

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. MOSFET

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Others

10.1.3.1. Market Revenue and Volume Forecast

Chapter 11. Global Traction Inverter Market, By Vehicle 

11.1. Traction Inverter Market Revenue and Volume Forecast, by Vehicle

11.1.1. Passenger Cars

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Commercial Vehicles

11.1.2.1. Market Revenue and Volume Forecast

11.1.3. Others

11.1.3.1. Market Revenue and Volume Forecast

Chapter 12. Global Traction Inverter Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Propulsion

12.1.2. Market Revenue and Volume Forecast, by Voltage

12.1.3. Market Revenue and Volume Forecast, by Technology

12.1.4. Market Revenue and Volume Forecast, by Vehicle

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Propulsion

12.1.5.2. Market Revenue and Volume Forecast, by Voltage

12.1.5.3. Market Revenue and Volume Forecast, by Technology

12.1.5.4. Market Revenue and Volume Forecast, by Vehicle

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Propulsion

12.1.6.2. Market Revenue and Volume Forecast, by Voltage

12.1.6.3. Market Revenue and Volume Forecast, by Technology

12.1.6.4. Market Revenue and Volume Forecast, by Vehicle

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Propulsion

12.2.2. Market Revenue and Volume Forecast, by Voltage

12.2.3. Market Revenue and Volume Forecast, by Technology

12.2.4. Market Revenue and Volume Forecast, by Vehicle

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Propulsion

12.2.5.2. Market Revenue and Volume Forecast, by Voltage

12.2.5.3. Market Revenue and Volume Forecast, by Technology

12.2.5.4. Market Revenue and Volume Forecast, by Vehicle

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Propulsion

12.2.6.2. Market Revenue and Volume Forecast, by Voltage

12.2.6.3. Market Revenue and Volume Forecast, by Technology

12.2.6.4. Market Revenue and Volume Forecast, by Vehicle

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Propulsion

12.2.7.2. Market Revenue and Volume Forecast, by Voltage

12.2.7.3. Market Revenue and Volume Forecast, by Technology

12.2.7.4. Market Revenue and Volume Forecast, by Vehicle

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Propulsion

12.2.8.2. Market Revenue and Volume Forecast, by Voltage

12.2.8.3. Market Revenue and Volume Forecast, by Technology

12.2.8.4. Market Revenue and Volume Forecast, by Vehicle

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Propulsion

12.3.2. Market Revenue and Volume Forecast, by Voltage

12.3.3. Market Revenue and Volume Forecast, by Technology

12.3.4. Market Revenue and Volume Forecast, by Vehicle

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Propulsion

12.3.5.2. Market Revenue and Volume Forecast, by Voltage

12.3.5.3. Market Revenue and Volume Forecast, by Technology

12.3.5.4. Market Revenue and Volume Forecast, by Vehicle

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Propulsion

12.3.6.2. Market Revenue and Volume Forecast, by Voltage

12.3.6.3. Market Revenue and Volume Forecast, by Technology

12.3.6.4. Market Revenue and Volume Forecast, by Vehicle

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Propulsion

12.3.7.2. Market Revenue and Volume Forecast, by Voltage

12.3.7.3. Market Revenue and Volume Forecast, by Technology

12.3.7.4. Market Revenue and Volume Forecast, by Vehicle

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Propulsion

12.3.8.2. Market Revenue and Volume Forecast, by Voltage

12.3.8.3. Market Revenue and Volume Forecast, by Technology

12.3.8.4. Market Revenue and Volume Forecast, by Vehicle

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Propulsion

12.4.2. Market Revenue and Volume Forecast, by Voltage

12.4.3. Market Revenue and Volume Forecast, by Technology

12.4.4. Market Revenue and Volume Forecast, by Vehicle

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Propulsion

12.4.5.2. Market Revenue and Volume Forecast, by Voltage

12.4.5.3. Market Revenue and Volume Forecast, by Technology

12.4.5.4. Market Revenue and Volume Forecast, by Vehicle

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Propulsion

12.4.6.2. Market Revenue and Volume Forecast, by Voltage

12.4.6.3. Market Revenue and Volume Forecast, by Technology

12.4.6.4. Market Revenue and Volume Forecast, by Vehicle

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Propulsion

12.4.7.2. Market Revenue and Volume Forecast, by Voltage

12.4.7.3. Market Revenue and Volume Forecast, by Technology

12.4.7.4. Market Revenue and Volume Forecast, by Vehicle

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Propulsion

12.4.8.2. Market Revenue and Volume Forecast, by Voltage

12.4.8.3. Market Revenue and Volume Forecast, by Technology

12.4.8.4. Market Revenue and Volume Forecast, by Vehicle

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Propulsion

12.5.2. Market Revenue and Volume Forecast, by Voltage

12.5.3. Market Revenue and Volume Forecast, by Technology

12.5.4. Market Revenue and Volume Forecast, by Vehicle

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Propulsion

12.5.5.2. Market Revenue and Volume Forecast, by Voltage

12.5.5.3. Market Revenue and Volume Forecast, by Technology

12.5.5.4. Market Revenue and Volume Forecast, by Vehicle

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Propulsion

12.5.6.2. Market Revenue and Volume Forecast, by Voltage

12.5.6.3. Market Revenue and Volume Forecast, by Technology

12.5.6.4. Market Revenue and Volume Forecast, by Vehicle

Chapter 13. Company Profiles

13.1. Siemens AG

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Infineon Technologies AG

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Continental AG

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Robert Bosch GmbH

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Delphi Technologies

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Hitachi Automotive Systems

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Mitsubishi Electric Corporation

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Toshiba Corporation

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Fuji Electric Co., Ltd.

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. ABB Ltd

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Frequently Asked Questions

The global traction inverter market size is expected to increase USD 96.61 billion by 2034 from USD 24.50 billion in 2025.

The global traction inverter market will register growth rate of 16.51% between 2024 and 2034.

The major players operating in the traction inverter market are Siemens AG, Infineon Technologies AG, Continental AG, Robert Bosch GmbH, Delphi Technologies, Hitachi Automotive Systems, Mitsubishi Electric Corporation, Toshiba Corporation, Fuji Electric Co., Ltd., ABB Ltd, Dana Incorporated, Lear Corporation, Texas Instruments Incorporated, STMicroelectronics, ON Semiconductor, and Others.

The driving factors of the traction inverter market are the expansion of charging infrastructure and advancements in power electronics.

North America region will lead the global traction inverter market during the forecast period 2025 to 2034.

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