观察Tier 1供应商表现，比亚迪(002594.SZ)与Denso(电装)分别以市占率17%、14%位居市场第一、二 名，Huawei(华为)受惠于BEV和REEV车型热销，占比从3%上升至4%，成长相对明显。市场格局逐渐 由中系企业主导，除BYD、Huawei外，Inovance(汇川)也已稳居前五大供应商。 智通财经APP获悉，TrendForce集邦咨询最新发布的《全球电动车逆变器市场数据》显示，2025年第二 季受惠纯电动车(BEV)销售成长，全球电动车牵引逆变器装机量达766万台，同比增长19%。从动力模式 分析，BEV的装机比例为52%，继2024年第一季后再度位列第一，甚至超越油电混合车(HEV)、插电混 合式电动车(PHEV)、增程式电动车(REEV)等混合动力车的合计占比。 就功率半导体在逆变器的应用而言，第二季碳化硅(SiC)逆变器渗透率提升至17%，不仅主要装机于 BEV，也逐渐扩展至PHEV和REEV，后两者合计装机占比近19%，全部由中系车厂贡献。其中，REEV 在主驱逆变器采用SiC的比例更达20%，仅次于BEV的31%。REEV装机需求拉升并未排挤其他动力车辆 需求，反倒是扩大 ...

Core Insights - The global electric vehicle (EV) traction inverter installation reached 7.66 million units in Q2 2025, marking a 19% year-on-year increase, driven by the growth in battery electric vehicle (BEV) sales [2] - BEVs accounted for 52% of the inverter installations, maintaining the largest share, surpassing hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and range-extended electric vehicles (REEVs) [2] Market Performance - BYD and Denso lead the market with shares of 17% and 14% respectively, while Huawei's market share increased from 3% to 4% due to the popularity of BEV and REEV models [5] - Inovance has also established itself among the top five suppliers in the market [5] Semiconductor Application - The penetration rate of silicon carbide (SiC) in inverters rose to 17% in Q2 2025, primarily used in BEVs and gradually expanding to PHEVs and REEVs, with the latter two accounting for nearly 19% of installations, all contributed by Chinese manufacturers [6] - The adoption of SiC in REEVs reached 20%, second only to BEVs at 31%, indicating a growing demand that does not detract from other vehicle types but rather expands the overall inverter market [6] - The demand for inverters in PHEVs, REEVs, and BEVs is predominantly driven by the Chinese market, prompting international semiconductor companies like Infineon to increase their production share in China [6]