Global Traction Inverter Market Forecast to 2028 - Featuring BorgWarner, Continental, Hitachi and Siemens Among Others - ResearchAndMarkets.com
The Traction Inverter Market is expected to grow from US$ 13,128.48 million in 2021 to US$ 39,140.79 million by 2028. It is estimated to grow at a CAGR of 17.2% from 2022 to 2028
DUBLIN--(BUSINESS WIRE)--Oct 28, 2022--
The "Traction Inverter Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Propulsion, Voltage, Technology, Vehicle" report has been added to ResearchAndMarkets.com's offering.
The Traction Inverter Market is expected to grow from US$ 13,128.48 million in 2021 to US$ 39,140.79 million by 2028. It is estimated to grow at a CAGR of 17.2% from 2022 to 2028.
The traction inverter is located between the high voltage system battery and the electric motor in the high voltage electrical system of a car, truck, or bus. The motor is driven by converting the DC power from the HV system into three AC output phases. A vital part of an EV, the inverter and motor work together to determine the dynamics, performance, and driving experience.
