Press release
Automotive On-Board Power Inverters Market In-depth Insights by 2030 Business Strategies and Huge Demand
Global Automotive On-Board Power Inverters Market
A device called an inverter is connected to a vehicle's 12v electrical supply. The user can safely operate electrical and electronic equipment away from the conventional mains power with the help of this gadget, which transforms a 12 volt power source to 230 volts AC mains electricity. Numerous electronic devices need greater power, which increases the demand for inverters that convert DC to AC. The on-board power inverters used in automobiles are designed to function with 120-volt AC electricity. These inverters alternate between sending current in one direction across the circuit and then dissipating to send it in the opposite direction. Normally, this entire process moves along at a rate of about 60 cycles per second.
The size of the global market for automotive on board AC-DC power inverters rated at less than 100 W, together with its application and growth factor, was estimated at USD 0.52 billion in 2016. Over the course of the forecast period, the market's growth is anticipated to be significantly fueled by the rising demand for electric vehicles. Over the next seven years, rising government activities to promote EV adoption are also predicted to boost product demand. The 12V DC power source of the car is changed using automotive on board AC-DC power inverters to a range of voltages between 100 W and 150 W. A growing demand for hybrid electric vehicles (HEVs) has been seen in the automotive industry as a result of rising fuel costs, environmental concerns, and governmental regulations.
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Global Automotive On-board Power Inverters Market: Major Players
LG Electronics Inc.
Sensata Technologies Holding Plc
Stanley Black & Decker Inc.
Toyota Industries Corp.
Samlex America Inc.
Koninklijke Philips NV
Schneider Electric SE
Lear Corp.
New Focus Auto Tech Holdings Ltd.
Schumacher Electric Corp.
Global Automotive On-board Power Inverters Market: Types
Less Than 300 W
Over 300 W
Global Automotive On-board Power Inverters Market: Applications
Passenger Cars
Commercial Vehicles
Global Automotive On-board Power Inverters Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Automotive On-board Power Inverters market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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