Market Overview:
The global car inverters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric vehicles and hybrid vehicles across the globe. Additionally, factors such as rising disposable income and technological advancements are also contributing to the growth of this market. The global car inverters market is segmented on the basis of type, application, and region. On the basis of type, it is divided into square wave inverters and sine wave inverters. Square wave inverters are more popular among consumers as they are cheaper in price as compared to sine wave inverters. However, sine wave inverters offer better performance as they produce less noise and harmonic distortion than square wave inverters do.
Product Definition:
A car inverter is a device that converts direct current (DC) to alternating current (AC). It is important for powering devices in cars that require AC power, such as laptops and televisions.
Square Wave Inverters:
A square wave inverter is a switching power supply device that produces an alternate current version of the input voltage. It can be used in applications such as solar systems, battery chargers, and car inverters. The product’s design varies based on the requirements of end-use applications; for instance, it can be designed to provide higher output power with less noise compared to a sine wave inverter or have multiple outputs with different voltages.
Sine Wave Inverters:
Sine wave inverters are electronic devices that convert the Alternating Current (AC) to Unidirectional Current (UDC) and back to AC. They work on the principle of creating an oscillating current in a circuit by using a variable frequency source. Sine wave inverters are used in applications such as power tools, battery chargers, fluorescent light ballasts, motor controls and car converters where high quality and pure sinewave is required.
Application Insights:
The passenger vehicles segment dominated the global car inverters market in 2017 and is expected to maintain its dominance over the forecast period. The growing demand for passenger vehicles due to rising disposable income levels, coupled with low interest rates has been a major factor driving the growth of this segment. In addition, increasing R&D investments by major automotive companies for developing advanced technologies such as head-up display (HUD) and infotainment systems are anticipated to drive demand over the forecast period.
Commercial vehicle manufacturers also contribute significantly towards product demand owing to technological advancements in commercial vehicles that offer enhanced safety features along with improved comfort and convenience for passengers. Furthermore, governments around the world are making efforts towards improving road infrastructure which is likely to increase product penetration in commercial vehicle applications over the coming years.
Regional Analysis:
Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to increasing demand for automobiles in emerging economies, such as China and India. The growing adoption of electric vehicles in countries like Norway, Sweden and Denmark on account of rising concerns regarding pollution caused by gas emissions is expected to drive the global car inverters market. Moreover, favorable government policies aimed at reducing vehicular emissions are projected to further propel product demand over the coming years.
Europe was estimated as a major contributor in 2017 owing to early adoption of EVs coupled with stringent regulations imposed on vehicle manufacturers pertaining to carbon dioxide emission levels from internal combustion engines. North America also held a considerable share due its early acceptance of EV technology along with supportive government initiatives aimed at reducing Greenhouse Gas (GHG) emissions from motor vehicles; these factors are likely contribute towards future revenue generation prospects for inverter manufacturers across this region.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for car inverters as they are used in electric vehicles to convert direct current (DC) into alternating current (AC).
- Rising awareness about energy efficiency: There is a growing awareness among consumers about the importance of energy efficiency and its impact on environment. This is driving them to adopt energy-efficient products such as car inverters, which help save fuel and reduce emissions.
- Technological advancements: The development of new technologies has led to the introduction of advanced car inverters that are more efficient and offer better performance than traditional models. This is helping boost the growth of the market worldwide.
- Growing popularity of hybrid cars: Hybrid cars use both gasoline and electricity, which makes them more efficient than traditional petrol or diesel-powered cars. As their popularity increases, so does the demand for car inverters, as these vehicles require them for power conversion purposes . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Inverters Market Research Report
By Type
Square Wave Inverters, Sine Wave Inverters
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Mascot, Mean Well, Electrocomponents plc, Belkin, Custom Power Design, Mascot
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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Car Inverters Market Report Segments:
The global Car Inverters market is segmented on the basis of:
Types
Square Wave Inverters, Sine Wave Inverters
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 Vehicles, 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:
- Mascot
- Mean Well
- Electrocomponents plc
- Belkin
- Custom Power Design
- Mascot
Highlights of The Car 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:
- Square Wave Inverters
- Sine Wave Inverters
- By Application:
- Passenger Vehicles
- 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 Car 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A car inverter is a device that converts the direct current (DC) output of a car battery into alternating current (AC), which can be used to power electrical devices in your home.
Some of the major players in the car inverters market are Mascot, Mean Well, Electrocomponents plc, Belkin, Custom Power Design, Mascot.
The car inverters market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Car Inverters Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Car Inverters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car Inverters Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Car Inverters Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Car Inverters Market Size & Forecast, 2020-2028
4.5.1 Car Inverters Market Size and Y-o-Y Growth
4.5.2 Car Inverters Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Square Wave Inverters
5.2.2 Sine Wave Inverters
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car Inverters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Car Inverters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Square Wave Inverters
9.6.2 Sine Wave Inverters
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Square Wave Inverters
10.6.2 Sine Wave Inverters
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Square Wave Inverters
11.6.2 Sine Wave Inverters
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Square Wave Inverters
12.6.2 Sine Wave Inverters
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Square Wave Inverters
13.6.2 Sine Wave Inverters
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Car Inverters Market: Competitive Dashboard
14.2 Global Car Inverters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mascot
14.3.2 Mean Well
14.3.3 Electrocomponents plc
14.3.4 Belkin
14.3.5 Custom Power Design
14.3.6 Mascot
