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FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

France Electric Vehicle Power Inverter Market by Propulsion Type (Hybrid Electric Vehicle, Plug-in Hybrid Vehicle, Battery Electric Vehicle, Fuel Cell Electric Vehicle) Market by Vehicle Type (Passenger Car, Commercial Vehicle, Other Vehicle Types) Market by Inverter Type (Traction Inverter, Soft Switching Inverter) Market by Distribution Channel (OEM, Aftermarket) Market by Inverter Power (<50 KW, 50-100 KW, 100-200 KW, >200 KW)


MARKET OVERVIEW

The France electric vehicle power inverter market is anticipated to progress at a CAGR of 12.04% during the forecast period, 2024-2032, and is predicted to record a revenue of $1140.21 million by 2032.

The French automotive industry is presently undergoing a significant transformation as major automakers prioritize incorporating advanced power inverters into their electric vehicle models. This strategic shift not only ensures compliance with strict environmental regulations but also highlights the technical prowess of French vehicle manufacturers. France’s unwavering dedication to research and development further cements its standing in the industry. The primary goal is to reduce the weight of the battery pack while simultaneously increasing energy density, addressing a major challenge in battery electric vehicles (BEVs). In July 2023, Saft, a French company, entered into collaboration with the French National Center for Scientific Research, Stellantis engineers, and researchers to develop an innovative energy storage battery prototype.

France Electric Vehicle Power Inverter Market

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This prototype combines the functions of an inverter and a charger. The integration of these components enhances battery efficiency, ultimately extending the range of battery electric vehicles (BEVs) and improving their reliability and affordability. Furthermore, this integration creates additional space inside the vehicle. As the nation continues to prioritize clean and efficient transportation solutions, power inverters play a central role in shaping France’s vision for an advanced, environmentally friendly electric mobility future.

The France electric vehicle power inverter market segmentation includes distribution channel, inverter type, propulsion type, vehicle type, and inverter power. The inverter power segment includes <50 kW, 50-100 kW, 100-200 kW, and >200 KW. The <50 kW power inverter category plays a crucial role in addressing the evolving demands of urban mobility within the rapidly changing landscape of electric vehicles. These inverters enhance the efficiency and energy management of smaller electric vehicles, focusing on short- to medium-range travel and compact electric cars. As urbanization continues to drive the growth of the market for lightweight and energy-efficient mobility solutions, the <50 kW power inverter category emerges as a key driving force shaping the trajectory of electric car technology. 

Manufacturers and innovators are making substantial investments in this domain to enhance performance, optimize energy utilization, and provide sustainable solutions for the evolving urban transportation ecology. The category of electric vehicle power inverters exceeding 200 kW holds a significant position, primarily serving high-performance and heavy-duty electric vehicles that require substantial power outputs. This segment is synonymous with state-of-the-art electric hypercars, large electric trucks, buses, and other heavy-duty commercial applications. 

Power inverters in the 200 kW and above range are designed to meet the exceptional power demands of these formidable electric vehicles, ensuring optimal performance and efficiency. As the electric mobility landscape progresses, this category plays a crucial role in pushing the limits of electric vehicle capabilities. For example, in March 2022, the UK-based company introduced the Equipmake HPI-800 silicon carbide inverter. With dimensions of 494 mm in length, 287 mm in width, and 94 mm in height, and weighing 12.7 kg, the HPI-800 boasts a continuous output power of up to 400 kW. By utilizing Cree SiC modules, this inverter can switch frequencies up to 40 kHz.

Some of the eminent players in the France electric vehicle power inverter market are Valeo Group, Continental AG, Eaton Corporation, etc.

Valeo functions as a manufacturer of motor vehicle parts, organized into four primary business segments: driving assistance systems, powertrain systems, thermal systems, and visibility systems. Its extensive portfolio encompasses comfort and driving assistance systems, powertrain systems, thermal systems, visibility systems, aftermarket solutions, mobility services, lighting, electrification, technology, and software. 

Operating on a global scale, Valeo has a significant presence in Europe, Asia, and the Americas, catering to major automakers and playing a key role in driving advancements in automotive technology. The company is headquartered in Paris, France.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Distribution Channel, Inverter Type, Propulsion Type, Vehicle Type, Inverter Power
Countries AnalyzedFrance
Companies AnalyzedValeo Group, Continental AG, Eaton Corporation, BorgWarner Inc, Toyota Industries Corporation, Mitsubishi Electric Group

TABLE OF CONTENTS

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS
    4. SCOPE OF STUDY
    5. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON ELECTRIC VEHICLE POWER INVERTER MARKET 
    6. MAJOR MARKET FINDINGS
      1. INCREASING EFFICIENCY OF POWER INVERTERS 
      2. OEM INTEGRATION AND COLLABORATION TO DRIVE INNOVATION AND EFFICIENCY 
      3. COMPANIES FOCUSING ON MANUFACTURING EFFICIENT & COST-EFFECTIVE INVERTERS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. AMBITIOUS GOVERNMENT TARGETS
      2. GOVERNMENT INITIATIVES AND REGULATIONS 
      3. TECHNOLOGICAL ADVANCEMENTS IN POWER INVERTER MANUFACTURING 
    2. KEY RESTRAINTS
      1. SUPPLY CHAIN BOTTLENECKS
      2. HIGH TECHNOLOGY COSTS 
  4. KEY ANALYTICS
    1. KEY TECHNOLOGY TRENDS
      1. GROWING INCORPORATION OF SIC AND GAN IN POWER INVERTERS
      2. RISING FOCUS ON IN-HOUSE PRODUCTION
      3. MULTI-MOTOR CONFIGURATIONS
    2. PEST ANALYSIS
      1. POLITICAL
      2. ECONOMICAL
      3. SOCIAL
      4. TECHNOLOGICAL
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR FRANCE
    5. VALUE CHAIN ANALYSIS
      1. RAW MATERIALS/COMPONENT SUPPLIERS
      2. INSTALLATION AND INTEGRATION
      3. PARTNERSHIPS AND COLLABORATIONS
    6. KEY BUYING CRITERIA
      1. BATTERY TYPE AND VOLTAGE
      2. POWER OUTPUT
      3. EFFICIENCY
      4. COST
  5. MARKET BY PROPULSION TYPE
    1. HYBRID ELECTRIC VEHICLE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. PLUG-IN HYBRID VEHICLE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. BATTERY ELECTRIC VEHICLE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. FUEL CELL ELECTRIC VEHICLE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY VEHICLE TYPE
    1. PASSENGER CAR
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. COMMERCIAL VEHICLE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. OTHER VEHICLE TYPES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY INVERTER TYPE
    1. TRACTION INVERTER
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. SOFT SWITCHING INVERTER
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. MARKET BY DISTRIBUTION CHANNEL
    1. OEM
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. AFTERMARKET
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  9. MARKET BY INVERTER POWER
    1. <50 kW
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. 50-100 kW
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. 100-200 kW
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. >200 KW
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. CONTINENTAL AG
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      2. BORGWARNER INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      3. EATON CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      4. VALEO GROUP
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      5. TOYOTA INDUSTRIES CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      6. MITSUBISHI ELECTRIC CORP
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST

LIST OF TABLES

TABLE 1: FRANCE MARKET SNAPSHOT – ELECTRIC VEHICLE POWER INVERTER

TABLE 2: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY PROPULSION TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY PROPULSION TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 4: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY INVERTER TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY INVERTER TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 8: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 10: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY INVERTER POWER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY INVERTER POWER, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 12: LIST OF MERGERS & ACQUISITIONS

TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 15: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY TECHNOLOGY TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR FRANCE

FIGURE 4: VALUE CHAIN ANALYSIS

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, GROWTH POTENTIAL, BY PROPULSION TYPE, IN 2023

FIGURE 7: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY HYBRID ELECTRIC VEHICLE POWER INVERTER, 2024-2032 (IN $ MILLION)

FIGURE 8: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY PLUG-IN HYBRID VEHICLE, 2024-2032 (IN $ MILLION)

FIGURE 9: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY BATTERY ELECTRIC VEHICLE, 2024-2032 (IN $ MILLION)

FIGURE 10: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY FUEL CELL ELECTRIC VEHICLE, 2024-2032 (IN $ MILLION)

FIGURE 11: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2023

FIGURE 12: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY PASSENGER CAR, 2024-2032 (IN $ MILLION)

FIGURE 13: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY COMMERCIAL VEHICLE, 2024-2032 (IN $ MILLION)

FIGURE 14: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY OTHER VEHICLE TYPES, 2024-2032 (IN $ MILLION)

FIGURE 15: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, GROWTH POTENTIAL, BY INVERTER TYPE, IN 2023

FIGURE 16: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY TRACTION INVERTER, 2024-2032 (IN $ MILLION)

FIGURE 17: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY SOFT SWITCHING INVERTER, 2024-2032 (IN $ MILLION)

FIGURE 18: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2023

FIGURE 19: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY OEM, 2024-2032 (IN $ MILLION)

FIGURE 20: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY AFTERMARKET, 2024-2032 (IN $ MILLION)

FIGURE 21: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, GROWTH POTENTIAL, BY INVERTER POWER, IN 2023

FIGURE 22: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY <50 KW, 2024-2032 (IN $ MILLION)

FIGURE 23: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY 50-100 KW, 2024-2032 (IN $ MILLION)

FIGURE 24: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY 100-200 KW, 2024-2032 (IN $ MILLION)

FIGURE 25: FRANCE ELECTRIC VEHICLE POWER INVERTER MARKET, BY >200 KW, 2024-2032 (IN $ MILLION)

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