Press release
Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market Expansion Continues, with Forecast Valuation of $4.3 Billion by 2029
Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market Size
Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for automotive uninterruptible power supply (UPS), also known as in-vehicle UPS, has seen robust growth in recent times. The market value which stood at $3.14 billion in 2024, is expected to rise to $3.35 billion in 2025, thanks to a Compound Annual Growth Rate (CAGR) of 6.8%. Factors spurring this growth during the historical period include heightened demand for dependable backup power in car applications, the expanding electric vehicle (EV) sector, increased uptake of EVs and hybrid vehicles, burgeoning awareness regarding power quality and reliability, as well as an intensified focus on the safety and dependability of vehicles.
Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, it is anticipated that the automotive uninterruptible power supply (UPS) (in vehicle UPS) market will experience robust growth, projecting to expand to $4.3 billion in 2029 with a compound annual growth rate (CAGR) of 6.4%. This growth over the estimate period can be credited to the surge in autonomous and connected vehicles, government policies and incentives promoting energy-efficient technologies, increased funding for research and development of innovative UPS systems, heightened focus on minimising the size and weight of UPS units, and the infiltration of electronics and infotainment systems in automobiles. Key trends during this forecast period will be the proliferation of autonomous and connected cars, favorable governmental regulations and incentives for energy-saving technologies, escalated investments in the development of new UPS solutions, stronger emphasis on size and weight reduction of UPS units, and the incorporation of electronics and infotainment systems in cars.
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What Are the Drivers Transforming the Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market?
The growth of the automotive uninterruptible power supply (UPS) (in-vehicle UPS) market is anticipated to be fuelled by the escalating demand for electric vehicles. An electric vehicle (EV), powered by an electric motor and energy stored in batteries, offers a greener substitute to vehicles with traditional internal combustion engines. Several elements, such as rising environmental worries, governmental encouragements for ecologically-friendly transportation, advancements in battery technology making electric vehicles more feasible, and a wish for energy self-reliance, are contributing to the growing demand for electric cars. The automotive UPS ensures continuous power supply in electric vehicles, thus enhancing their reliability and guarding the sensitive onboard electronics. For instance, the Internal Energy Agency, a France-based autonomous intergovernmental organization, stated in July 2023 that over 2.3 million electric cars were sold in the first quarter of 2023, marking a 25% increase compared with the same span in 2022. By the close of 2023, sales are projected to hit 14 million, a 35% year-on-year surge, with growth expected to speed up in the latter half of the year. Hence, the rising demand for electric vehicles is steering the growth of the automotive uninterruptible power supply (UPS) (in-vehicle UPS) market.
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What Long-Term Trends Will Define the Future of the Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market?
Key automotive uninterruptible power supply (UPS) (in-vehicle UPS) market players are concentrating on technological innovation, such as silicon carbide (SiC) MOSFET trenching, to secure a competitive edge. Silicon carbide (SiC) MOSFET trench technology allows vertical trenches to be constructed in the SiC substrate for superior power switching applications, minimizing on-resistance and maximizing efficiency. For example, in February 2024, Infineon Technologies AG, a company specializing in the production of semiconductor products in Germany, introduced the 750V G1 discrete CoolSiC MOSFET family to satisfy increasing requirements for improved efficiency and power density in industrial and automotive power applications. This product range includes both industrial and automotive-grade SiC MOSFETs, fine-tuned for multiple topologies such as totem-pole PFC, T-type, LLC/CLLC, dual active bridge (DAB), HERIC, buck/boost, and phase-shifted full bridge (PSFB).
Which Segments in the Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market Offer the Most Profit Potential?
The automotive uninterruptible power supply (UPS) (in vehicle UPS) market covered in this report is segmented -
1) By Power Supply: Static, Dynamic, Hybrid
2) By Input Power Range: High Voltage (More Than 48V), Mid Voltage(9V To 48V), Low Voltage (Up To 9V)
3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles
Subsegments:
1) By Static Ups: Single-Phase Static Ups, Three-Phase Static Ups, Online Static Ups Systems, Offline Or Standby Static Ups Systems, Integrated Static Ups For Electric Vehicles (EVS), High-Efficiency Static Ups For Automotive Applications
2) By Dynamic Ups: Flywheel-Based Dynamic Ups, Kinetic Energy Storage Systems (KESS) For Vehicles, Dynamic Ups For Commercial And Heavy-Duty Vehicles, Regenerative Dynamic Ups Systems, High-Power Dynamic Ups For Emergency Backup In Vehicles, Dynamic Ups For Electric And Hybrid Vehicles
3) By Hybrid Ups: Combination Of Static And Dynamic Ups, Hybrid Ups For Automotive Electric Powertrain Systems, Solar-Powered Hybrid Ups For Electric Vehicles, Battery And Flywheel Hybrid Ups, Hybrid Ups Systems For Critical In-Vehicle Electronics, Modular Hybrid Ups For Automotive Applications
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Which Firms Dominate the Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market by Market Share and Revenue in 2025?
Major companies operating in the automotive uninterruptible power supply (UPS) (in-vehicle UPS) market are Siemens AG, General Electric Company, Panasonic Corporation, Schneider Electric, ABB Ltd, Fujitsu Limited, Toshiba Corporation, Johnson Controls, Eaton Corporation, Delta Electronics, Phoenix Contact, Socomec Group, Newmar Corporation, Benning Power Electronics, Puls Power, Power Sonic Corporation, HBL Power Systems, Acumentrics, EnerDel, Ametek Solidstate Controls, Riello UPS
Which Regions Offer the Highest Growth Potential in the Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market?
Asia-Pacific was the largest region in the automotive uninterruptible power supply (UPS) (in-vehicle UPS) market in 2023. The regions covered in the automotive uninterruptible power supply (UPS) (in-vehicle UPS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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