Global Electric Vehicles Propulsion Inverter Market Size
Global Electric Vehicles Propulsion Inverter Installed QTY
Global Electric Vehicles Propulsion Inverter Market Size by Vehicel Propulsion Type
Global Electric Vehicles Propulsion Inverter Installed QTY by Vehicle Propulsion Type
Global Electric Vehicles Propulsion Inverter Installed QTY by Power
Global Electric Vehicles Propulsion Inverter Installed QTY by Vehicle Voltage
Global Electric Vehicles Propulsion Inverter Installed QTY by Automakers
Global Electric Vehicles Inverter Installed QTY by SiC-MOSFET/Si-IGBT
Global Electric Vehicles Propulsion Inverter Tier1 Suppliers Market Share
Global Electric Vehicles Propulsion Inverter ASP by Vehicle Power
Global EV Sales and Brand Ranking report provides data, forecasts, and analyses on global sales of electric vehicles (EVs) and new energy vehicles (NEVs) by powertrain type and region. It includes the quarterly ranking of the global top 10 automotive brands by EV sales and market share.
TrendForce indicates that the updated US export controls announced on January 15th, 2025, will impact CXMT's process technology, wafer input, yield rates, and market deployment. US equipment suppliers have begun withdrawing personnel from CXMT's fabs since mid-February, affecting its 2025-2026 development plans. The new regulations cover all of CXMT's process nodes, impacting not only its G4 and G4B processes but also the already mass-produced G3 process. This will lead to a downward revision of CXMT's bit output and affect its position in the server DRAM and mobile DRAM markets. In the long term, CXMT's development in the LPDDR5X and DDR5 markets will be hindered.
On January 14, 2025, the U.S. Department of Commerce issued a final rule prohibiting the import and sale of vehicle connectivity system (VCS) hardware and software, as well as automated driving system (ADS) software, from entities associated with China and Russia. The final rule further defines the scope of restrictions and exemptions. However, the implementation timeline remains unchanged, with the software ban set for 2027 and the hardware ban for 2030. Under the ban, in addition to impacting Chinese autonomous driving companies and related component suppliers, it will also affect the deployment strategies of international automakers. However, Taiwanese manufacturers have an opportunity to receive order transfers, particularly in the supply chain for telematics control units (TCUs).
Global Automotive Market Decode is jointly produced by the following branded research units under TrendForce: Semiconductor Research, Display Research, Optoelectronics Research, Green Energy Research, and ICT Application Research. The report is an integration of their research expertise and provides the followings: (1) regular updates on the global market scales of traditional fuel vehicles and EVs; (2) discussions on new industry trends related to autonomous driving technologies as well as innovations in services and business models; and (3) quantitative and qualitative analyses on the markets for automotive electronics, automotive semiconductor components, and other key components equipped in EVs. The aim of this report is to help members grasp market dynamics, manage investment risks, and create business strategies by giving them valuable industry forecasts.
In 2024, global sales of EV traction inverters are projected to reach 27 million units, representing an annual growth rate of 14% and highlighting continued market expansion. Technological advancements are bolstering inverter performance, driving the growth of the EV market.
The adoption of 800V high-voltage platforms and SiC technology—known for its high voltage resistance, low energy loss, and superior thermal conductivity—has emerged as a key trend. These technologies are particularly appealing for mid-to-high-end vehicle models due to their high efficiency and voltage tolerance. However, cost constraints remain a barrier to their widespread adoption in entry-level models.
Meanwhile, the integration of multi-in-one electric drive systems is advancing, showing potential for weight reduction and efficiency improvements despite ongoing challenges in reliability and cost control.
Additionally, the development and application of power devices and modules serve as critical pillars for the technological upgrade of traction inverters. Looking ahead, China’s localization strategy for semiconductor production is expected to reshape the global power semiconductor landscape.
