Market Overview:
The global automotive on-board power inverters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and hybrid vehicles across the globe. Additionally, rising disposable income and technological advancements are also propelling the growth of this market. Based on type, the global automotive on-board power inverters market is segmented into less than 300 W and over 300 W segments. The less than 300 W segment is expected to account for a major share of the global automotive on-board power inverters market during the forecast period owing to its low cost and easy installation as compared to over 300 W segment. However, with increasing demand for electric vehicles, over 300 W segment is projected to witness higher growth rate during the forecast period. Based on application, passenger cars and commercial vehicles are two key segments of automotive on-board power inverters market.
Product Definition:
An automotive on-board power inverter is a device that converts direct current (DC) from a battery into alternating current (AC). This AC can then be used to power devices such as televisions, radios and other electrical equipment in a vehicle. The importance of an automotive on-board power inverter lies in its ability to provide needed electrical power while on the go.
Less Than 300 W:
300watt (W) is the power output in terms of electrical energy required to drive an automotive vehicle with a standard engine. The 300 watt on-board power inverter is used in various applications such as battery charging, DC to AC conversion, and electronic ignition. It has been observed that less than 300 watt inverters are being widely used for automotive on-board power systems due to their cost effectiveness and compact size.
Over 300 W:
Over 300 W is the total power required to run all systems in an automobile. It includes engine, drive train, body electronics and power tools. The Over 300 W system has a significant impact on vehicle performance as well as driver comfort. Therefore it is necessary to have adequate cooling for all components installed in the vehicle.
Application Insights:
The passenger cars segment accounted for the largest revenue share of over 50% in 2017. The demand for on-board power inverters is expected to increase as a result of growing sales of passenger cars and light commercial vehicles. On the other hand, the heavy commercial vehicle segment is expected to witness sluggish growth owing to rising preference for trucks over vans or trucks and buses in several industries including logistics, public transport and emergency services.
The global automotive industry has been witnessing significant growth post-recession period due to increasing consumer disposable income coupled with government support promoting fuel efficient vehicles. As per IEA estimates, global light vehicle production increased by 3% from 2010 to 2015 while heavy vehicle production grew at 4%. In addition, stringent regulations regarding reduction in CO2 emissions are likely drive product demand further driving adoption across various applications such as electric trains or trams (light Commercial Vehicle) or Heavy Commercial Vehicles (HV).
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period owing to increasing demand for automobiles in countries, such as China and India. The region accounted for a share of more than 35% in 2017 and is anticipated to grow at a significant rate over the forecast period. This growth can be attributed to rising disposable income, improved economic conditions, along with an increase in automobile production worldwide.
The Asia Pacific region has witnessed strong demand from developing economies including China and India on account of rapid industrialization coupled with growing consumer awareness regarding safety features offered by inverters installed on board vehicles. Europe was estimated as one of the major markets for automotive OAPIs owing to high penetration rates observed thereon due to early adoption by various manufacturers operating within that region.
Growth Factors:
- Increasing demand for electric vehicles: The automotive on-board power inverters market is expected to grow significantly in the coming years, owing to the increasing demand for electric vehicles. This is mainly because of the rising concerns about environmental pollution and global warming.
- Technological advancements: The market is also expected to grow due to technological advancements in automotive on-board power inverters, which are helping improve their performance and efficiency.
- Rising disposable income: Another key growth driver for this market is the rising disposable income of consumers, which is enabling them to afford advanced features in automobiles such as automotive on-board power inverters.
- Growing awareness about energy conservation: There has been a growing awareness among consumers about energy conservation in recent years, which is also contributing towards the growth of this market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive On-board Power Inverters Market Research Report
By Type
Less Than 300 W, Over 300 W
By Application
Passenger Cars, Commercial Vehicles
By Companies
Magnum Dimensions, NFA, ROADPRO, Bestek, Philips, Cobra, Stanley, Ampeak, Cotek, Whistler, Ozio, Schumacher, Samlex America, Power Bright, ERAYAK
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Automotive On-board Power Inverters Market Report Segments:
The global Automotive On-board Power Inverters market is segmented on the basis of:
Types
Less Than 300 W, Over 300 W
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Magnum Dimensions
- NFA
- ROADPRO
- Bestek
- Philips
- Cobra
- Stanley
- Ampeak
- Cotek
- Whistler
- Ozio
- Schumacher
- Samlex America
- Power Bright
- ERAYAK
Highlights of The Automotive On-board Power Inverters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Less Than 300 W
- Over 300 W
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive On-board Power Inverters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive on-board power inverter is a device that converts DC electricity from the vehicle's battery into AC current to run various electrical systems in the car. These inverters are usually mounted in or near the engine bay, and can provide power to lights, gauges, climate control systems, and other accessories.
Some of the major companies in the automotive on-board power inverters market are Magnum Dimensions, NFA, ROADPRO, Bestek, Philips, Cobra, Stanley, Ampeak, Cotek, Whistler, Ozio, Schumacher, Samlex America, Power Bright, ERAYAK.
The automotive on-board power inverters market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive On-board Power Inverters Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automotive On-board Power Inverters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automotive On-board Power Inverters Market - Supply Chain
4.5. Global Automotive On-board Power Inverters Market Forecast
4.5.1. Automotive On-board Power Inverters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive On-board Power Inverters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Automotive On-board Power Inverters Market Absolute $ Opportunity
5. Global Automotive On-board Power Inverters Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Automotive On-board Power Inverters Market Size and Volume Forecast by Type
5.3.1. Less Than 300 W
5.3.2. Over 300 W
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Automotive On-board Power Inverters Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Automotive On-board Power Inverters Market Size and Volume Forecast by Application
6.3.1. Passenger Cars
6.3.2. Commercial Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Automotive On-board Power Inverters Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Automotive On-board Power Inverters Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Automotive On-board Power Inverters Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Automotive On-board Power Inverters Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Automotive On-board Power Inverters Demand Share Forecast, 2019-2026
9. North America Automotive On-board Power Inverters Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Automotive On-board Power Inverters Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Automotive On-board Power Inverters Market Size and Volume Forecast by Application
9.4.1. Passenger Cars
9.4.2. Commercial Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Automotive On-board Power Inverters Market Size and Volume Forecast by Type
9.7.1. Less Than 300 W
9.7.2. Over 300 W
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Automotive On-board Power Inverters Demand Share Forecast, 2019-2026
10. Latin America Automotive On-board Power Inverters Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Automotive On-board Power Inverters Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Automotive On-board Power Inverters Market Size and Volume Forecast by Application
10.4.1. Passenger Cars
10.4.2. Commercial Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Automotive On-board Power Inverters Market Size and Volume Forecast by Type
10.7.1. Less Than 300 W
10.7.2. Over 300 W
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Automotive On-board Power Inverters Demand Share Forecast, 2019-2026
11. Europe Automotive On-board Power Inverters Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Automotive On-board Power Inverters Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Automotive On-board Power Inverters Market Size and Volume Forecast by Application
11.4.1. Passenger Cars
11.4.2. Commercial Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Automotive On-board Power Inverters Market Size and Volume Forecast by Type
11.7.1. Less Than 300 W
11.7.2. Over 300 W
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Automotive On-board Power Inverters Demand Share, 2019-2026
12. Asia Pacific Automotive On-board Power Inverters Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Automotive On-board Power Inverters Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Automotive On-board Power Inverters Market Size and Volume Forecast by Application
12.4.1. Passenger Cars
12.4.2. Commercial Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Automotive On-board Power Inverters Market Size and Volume Forecast by Type
12.7.1. Less Than 300 W
12.7.2. Over 300 W
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Automotive On-board Power Inverters Demand Share, 2019-2026
13. Middle East & Africa Automotive On-board Power Inverters Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Automotive On-board Power Inverters Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Automotive On-board Power Inverters Market Size and Volume Forecast by Application
13.4.1. Passenger Cars
13.4.2. Commercial Vehicles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Automotive On-board Power Inverters Market Size and Volume Forecast by Type
13.7.1. Less Than 300 W
13.7.2. Over 300 W
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Automotive On-board Power Inverters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Automotive On-board Power Inverters Market: Market Share Analysis
14.2. Automotive On-board Power Inverters Distributors and Customers
14.3. Automotive On-board Power Inverters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Magnum Dimensions
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NFA
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ROADPRO
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bestek
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Philips
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cobra
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Stanley
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ampeak
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cotek
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Whistler
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ozio
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Schumacher
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Samlex America
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Power Bright
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ERAYAK
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
