Global Automotive On-board Power Inverter Market 2024-2028

Global Automotive On-Board Power Inverter Market 2024-2028

The automotive on-board power inverter market is forecasted to grow by USD 162.2 mn during 2023-2028, accelerating at a CAGR of 4.28% during the forecast period. The report on the automotive on-board power inverter market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of programmable logic controllers (plcs) in industries, enhanced reliability and durability of industrial relays, and increasing importance of smart grid systems.

Technavio's automotive on-board power inverter market is segmented as below:

By Application

• Passenger cars
• LCVs

By Type

• Up to 150W
• More than 150W

By Geographical Landscape

• North America
• APAC
• Europe
• South America
• Middle East and Africa

This study identifies the emergence of digitalization and industry 4.0 as one of the prime reasons driving the automotive on-board power inverter market growth during the next few years. Also, growing emphasis on energy efficiency and rising iot integration will lead to sizable demand in the market.

The report on the automotive on-board power inverter market covers the following areas:

• Automotive on-board power inverter market sizing
• Automotive on-board power inverter market forecast
• Automotive on-board power inverter market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive on-board power inverter market vendors that include Ampeak, BESTEK, Cobra Electronics Corporation and Escort Inc., COTEK Electronic Ind. Co. Ltd., DAS Companies Inc., ERAYAK, Hitachi Ltd., Koninklijke Philips N.V., Lear Corp., Marelli Holdings Co. Ltd., ON Semiconductor Corp., Robert Bosch GmbH, Samlex America Inc., Schumacher Electric Corp., Sensata Technologies Inc., Stanley Black and Decker Inc., STMicroelectronics International N.V., Sungrow Power Supply Co. Ltd., Toyota Industries Corp., and VisIC Technologies Inc.. Also, the automotive on-board power inverter market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.