Global Automotive On-board Power Inverter Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 4.87% from 2019 to 2027, reaching nearly US$ XX Bn.
Global Automotive On-board Power Inverter Market
The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Global Automotive On-board Power Inverter Market: Market Overview
An inverter is a device that is used to convert battery’s DC power supply into AC to operate electrical and electronic equipment like mobile phone chargers, laptops, and other devices. The automotive on-board power inverter is connected to vehicle’s battery through electrical wire and utilized to run on the 120V AC power. The most common configurations are cigarette lighter, fuse panel, 12V accessory socket, and so on.
Global Automotive On-board Power Inverter Market: Market Dynamics
Rising adoption of electrical and electronic equipment inside the vehicle is expected to drive the market. Increasing the preference of handheld devices inside the vehicle for easy use of devices while driving the vehicle adds to the market growth simultaneously. In addition, the significant growth of connected-vehicle services across the globe propel the growth of the automotive on-board power inverter market over the forecast period. The expansion of the automotive industry and demand of vehicles is rising day by day. Besides, the rise in adoption of electric vehicles as rising awareness about environment problem due to emission of hazardous gas such as CO2. These are some major factors that work as drivers of the global automotive on-board power inverter market.
High cost of automotive on-board power inverter is likely to hamper the market. The impact of pandemic COVID-19 on world economy, also affect the automobile sector, the disruption in the product supply chain create problems for manufacturers which also hinder the growth of the market during the forecast period.
Global Automotive On-board Power Inverter Market: Market Segmentation
The 100W-150W segment of power is dominating the global automotive on-board power inverter market as it used by electronic devices such as laptops, charging mobile phones, and consoles requires low power range. Urbanization and globalization increase the demand of passenger vehicles, in result rising the sales of passenger vehicle, so the passenger vehicle segment of vehicle type is subjected to the highest growth rate during the forecast period. The OEMs segment of sales channel are expected to grow with higher growth rate as OEMs are focusing on efficient power management.
Global Automotive On-board Power Inverter Market: Regional Analysis
North America is dominating the global automotive on-board power inverter system market due to rising adoption of new technology in automotive industry. The presence of major companies such as General Motors and Ford is a major reason. Increasing disposable income and spending power of people of this region fuel the growth of the market over the forecast period. The rise in the number of electric vehicles on road and initiative taken by government for the adoption of electric vehicle for lowering the rate of emission of CO2 in this region also contribute to the market growth. In terms of sales, Asia Pacific is leading the market for Automotive On-board Power Inverter.
The objective of the report is to present a comprehensive analysis of the Global Automotive On-board Power Inverter Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Automotive On-board Power Inverter Market dynamics, structure by analysing the market segments and projects the Global Automotive On-board Power Inverter Market size. Clear representation of competitive analysis of key players by Sales Channel, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Automotive On-board Power Inverter Market make the report investor’s guide
Scope of the Global Automotive On-board Power Inverter Market
Global Automotive On-board Power Inverter Market, by Power
• Below 100W
• Above 150W
Global Automotive On-board Power Inverter Market, by Vehicle type
• Light weight commercial vehicle
• Heavy weight commercial vehicle
• Passenger vehicle
Global Automotive On-board Power Inverter Market, by Sales Channel
Global Automotive On-board Power Inverter Market, by Region
• Asia Pacific
Rest of Asia
• North America
Rest of Europe
• South America
Rest of South America
• Middle East & Africa
Rest of MEA
Global Automotive On-board Power Inverter Market, Key Players
• DELTA ELECTRONICS, INC.
• Magnum Dimensions
• Calsonic Kansei,
• Continental AG
• Power Bright
• Eaton Corporation
• Calsonic Kansei Corporation
• Sensata Technologies, Inc.
• Koninklijke Philips N.V.
• TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION
• Lear Corporation
• DELTA ELECTRONICS, INC.
• Samlex America Inc.
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Vikas Godage
Organization: Maximize Market Research Pvt.Ltd.Pune
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