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Vehicle Inverters Market at a CAGR of 17.45% by Top Competitors Sensata Technologies Inc., Robert Bosch GmbH, Valeo, Calsonic Kansei Corporation, Delphi Technologies, Hitachi Ltd., Continental AG, Mitsubishi Electric Corporation, Siemens, Fuji Electric Co

Global Vehicle Inverters Market

Global Vehicle Inverters Market

Global Vehicle Inverters Market was valued at an estimated USD 2.58 billion in 2018 and this value is expected to grow with a CAGR of 17.45% in the forecast period of 2019-2026, resulting in a projected value of USD 9.34 billion by 2026. This growth of the market value can be attributed to the rise in applications of electrical appliances in the vehicles as well as the significant growth of the electric vehicles industry.

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Global Vehicle Inverters Market,

• By Propulsion Type (BEV, HEV, PHEV),
• Technology Type (IGBT, MOSFET),
• Semiconductors Materials Type (Gallium Nitride, Silicon, Silicon Carbide),
• Output Power (Less than or equal to 130 KW, Greater than 130 KW),
• Vehicle Type (Passenger Cars, Commercial Vehicles),
• Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026

Market Drivers:

• Growth in the adoption and sales of electric vehicles worldwide is expected to act as a driver for the market growth
Vehicle inverters are a type of converter that changes and helps in utilization of the energy for powering up the electrical appliances such as TV, laptop, power plugs. These inverters find major applications in RV, buses, trucks. With the innovations and modernization, even passenger vehicles come equipped with vehicle inverters, helping the driver and users to power their devices and use the power supply for recreational purposes. Applications of vehicle inverters are not limited to only powering the electronic devices and appliances, as they can power the lighting systems, windows and even audio systems.

Global Vehicle Inverters Market by Key Competitors:

Few of the major competitors currently working in the vehicle inverters market are:-

• Sensata Technologies Inc.,
• Robert Bosch GmbH,
• Valeo,
• Calsonic Kansei Corporation,
• Delphi Technologies,
• Hitachi Ltd.,

Continental AG, DENSO CORPORATION, Mitsubishi Electric Corporation, Siemens, Fuji Electric Co. Ltd., TOYOTA INDUSTRIES CORPORATION, Metric Mind Corporation and Xantrex LLC.

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Global Vehicle Inverters Market by Competitive Analysis:

Global vehicle inverters market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vehicle inverters market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Global Vehicle Inverters Market by Table of Contents

1. Introduction

2. Market Segmentation

3. Market Overview

4. Executive Summary

5. Premium Insights

6. Global, By Component

7. Product Type

8. Delivery

9. Industry Type

10. Geography

10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa

11. Company Landscape

12. Company Profiles

13. Related Reports

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About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

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