Global Automotive On Board AC-DC Power Inverters Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Vehicle Type;

Passenger car, Luxury, SUV, Commercial Vehicle, LCV (Light Commercial Vehicle) and HCV (Heavy Commercial Vehicle).

By Power Range;

Less than 100 W , 100 W to 150 W and More than 150 W .

By Sales Channel;

OEM (Original Equipment Manufacturer) , OES (Original Equipment Supplier) and IAM (Independent Aftermarket) .

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn495076682 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive On Board AC-DC Power Inverters Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive On Board AC-DC Power Inverters Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%.

The global automotive on-board AC-DC power inverters market has been experiencing significant growth in recent years, driven by the rising demand for electric vehicles (EVs) and the increasing integration of advanced electronic features in automobiles. These power inverters play a crucial role in converting the DC power stored in the vehicle's battery into AC power, which is required to operate various electrical components and accessories within the vehicle. As automakers continue to prioritize the development of electric and hybrid vehicles, the demand for efficient and reliable on-board power inverters is expected to surge.

One of the key drivers propelling the growth of the automotive on-board AC-DC power inverters market is the growing consumer inclination towards eco-friendly transportation solutions. With concerns over environmental sustainability and the depletion of fossil fuels, there has been a significant shift towards electric and hybrid vehicles across the globe. As a result, automakers are increasingly focusing on enhancing the efficiency and performance of on-board power inverters to meet the power requirements of electric drivetrains and onboard electronics.

Technological advancements in power electronics and semiconductor technologies are further fueling market growth. Continuous innovation has led to the development of compact, lightweight, and high-power-density inverters capable of meeting the demanding requirements of modern vehicles. Additionally, the integration of advanced features such as smart power management systems, bidirectional power flow capabilities, and enhanced thermal management solutions is augmenting the adoption of on-board AC-DC power inverters in automotive applications.

Supportive government initiatives and regulations aimed at promoting electric mobility are also driving market expansion. Various countries are implementing stringent emission norms and offering incentives to encourage the adoption of electric vehicles, which, in turn, is boosting the demand for on-board power inverters. Additionally, investments in charging infrastructure development and research activities focused on improving battery technologies are expected to further bolster market growth in the coming years. Overall, the global automotive on-board AC-DC power inverters market is poised for substantial expansion as automakers continue to prioritize electrification and technological innovation in the automotive sector.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Power Range
    3. Market Snapshot, By Sales Channel
    4. Market Snapshot, By Region
  4. Global Automotive On Board AC-DC Power Inverters Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Electric vehicle demand surge
        2. Government emission regulations support
        3. Growing consumer preference for comfort
        4. Technological advancements in power electronics
        5. Increasing automotive electrification trend
      2. Restraints
        1. High initial investment costs
        2. Limited charging infrastructure development
        3. Complex integration with existing systems
        4. Concerns regarding reliability and durability
        5. Regulatory compliance challenges
      3. Opportunities
        1. Expansion in emerging markets
        2. Integration with renewable energy sources
        3. Collaboration with automotive OEMs
        4. Development of compact and efficient designs
        5. Adoption of advanced semiconductor materials
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive On Board AC-DC Power Inverters Market, By Vehicle Type, 2020 - 2030 (USD Million)
      1. Passenger car
      2. Luxury
      3. SUV (Sport Utility Vehicles )
      4. Commercial Vehicle
      5. LCV (Light Commercial Vehicle)
      6. HCV (Heavy Commercial Vehicle)
    2. Global Automotive On Board AC-DC Power Inverters Market, By Power Range, 2020 - 2030 (USD Million)
      1. Less than 100 W
      2. 100 W to 150 W
      3. More than 150 W
    3. Global Automotive On Board AC-DC Power Inverters Market, By Sales Channel, 2020- 2030 (USD Million)
      1. OEM (Original Equipment Manufacturer)
      2. OES (Original Equipment Supplier)
      3. IAM (Independent Aftermarket)
    4. Global Automotive On Board AC-DC Power Inverters Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Bosch
      2. Valeo
      3. Delphi Technologies
      4. Mitsubishi Electric Corporation
      5. Denso Corporation
      6. Lear Corporation
      7. Continental AG
      8. Hitachi Automotive Systems
      9. Panasonic Corporation
      10. Texas Instruments
  7. Analyst Views
  8. Future Outlook of the Market