Electric Vehicle Power Inverter Market Expected to Reach USD 29,550 Million by 2027 With A CAGR Of 6.4%
Share this article Share this article PUNE, India, Jan. 29, 2021 /PRNewswire/ -- According to a recent market study published by Growth Market Reports (GMR), titled, "Electric Vehicle Power Inverter Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast", the market was valued at USD 17,110 Million in 2019 and is expected to grow at a healthy growth rate of 6.4% by the year 2027. A power inverter helps converts DC power into the AC power used in an electric vehicle motor. The inverter helps change the speed at which the motor rotates by altering the frequency of the AC....
Source: prnewswire.com