Automotive On Board AC-DC Power Inverters Market Size And Forecast

Automotive On Board AC-DC Power Inverters Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027.

The increasing adoption of electronic devices inside an automobile is the major driving factor for the Automotive On Board AC-DC Power Inverters Market. Moreover, the growing demand for connected devices in the automobile is the factor propelling the market. Additionally, the rising prevalence of handheld devices among drivers is the factor enhancing the market. The Global Automotive On Board AC-DC Power Inverters Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Automotive On Board AC-DC Power Inverters Market Definition

An Automotive On Board AC-DC Power Inverters Market is an electronic device that is used to convert a battery’s DC power supply into alternating current (AC) to operate electronic devices like infotainment systems, mobile phones chargers, laptops, and other devices. Automotive On Board AC-DC Power Inverters also allow power electrical equipment away from normal main power for safety concerns. Automotive On Board AC-DC Power Inverters have connected the vehicle’s battery through the electrical wire. With the help of Automotive On Board AC-DC Power Inverters vehicle’s power supply is increased from 12 volts to 230 volts alternating current, thus allowing to user to operate electrical or electronic devices carefully at a distance from standard main power. Several electronic gadgets require more power and hence there is a growing need for inverters that convert DC to AC.

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The Automotive On Board AC-DC Power Inverters is contrived to run on the 120-volt AC power. These inverters change polarity continuously, transmitting current one way over the circuit, and then disappearing and sending the current the other way. This entire process takes place very quickly, typically, at a speed of about 60 periods per second. One of the prominent features of the Automotive On Board AC-DC Power Inverters Market is that they can constantly change their polarity and continuously supply the electric current one way over the circuit. This factor helps to grow the Automotive On Board AC-DC Power Inverters Market. The common goal of the companies is to improve the efficiency of electric drivelines by leveraging engineering and cost benefits at the interface between power modules and inverters.

Global Automotive On Board AC-DC Power Inverters Market Overview

Rapid electrification in an automotive vehicle is projected to ramp up the Global Automotive On Board AC-DC Power Inverters Market over the forecast period. Moreover, the rise in the number of traveling which required electronic devices such as infotainment systems is projected to enrich the demand for Automotive On Board AC-DC Power Inverters over the forecast period. Furthermore, an increasing number of electronic devices or technologies such as drive-by-wire, GPS, collision sensors are also anticipated to drive the Global Automotive On Board AC-DC Power Inverters Market during the slated time period. Moreover, an electric vehicle is considered as fully electric which in turn, raises the demand of the market during the overcast period.

The rising adoption of handheld devices inside an automobile is one of the key factors that will drive the growth of the Global On Board Power Inverter Market during the forecast period. The rising prevalence of handheld devices among drivers has increased the growth prospects of Automotive On Board AC-DC Power Inverters. Additionally, the rising cab aggregators industry across the world is likely to increase the application of navigation systems and smartphones amongst drivers. This factor is likely to add to the growth of the Global Automotive On Board AC-DC Power Inverters Market in the coming years. Another key driver of the market is the double-digit growth rate of the market in the world.

The expected growth in sales of electric vehicles is likely to boost the market in the future. The growing popularity of electric vehicles is considered as one of the prominent trends in the Global Automotive On Board AC-DC Power Inverters Market. However, the high cost of integration remains one of the major restraints to the market. Moreover, reduced safety due to heavy currents flowing through terminals and wired connections are the factors hampering the market. An increase in the focus of OEMs toward efficient power management offers favorable opportunities in the market.

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Global Automotive On Board AC-DC Power Inverters Market: Segmentation Analysis

The Global Automotive On Board AC-DC Power Inverters Market is segmented on the basis of Type, Application, And Geography.

Automotive On Board AC-DC Power Inverters Market, By Type

• Less than 100 W
• 100 W to 150 W
• More than 150 W

Based on Type, The market is bifurcated into Less than 100 W, 100 W to 150 W, and More than 150 W. The 100W to 150 W segment is likely to occupy a major share of the market. This is due to the fact that the use of electronic devices including consoles, laptops, charging mobile phones, and DVD players require a low power range. The high-range power inverters are primarily used in commercial vehicles.

Automotive On Board AC-DC Power Inverters Market, By Application

• Compact Cars
• Mid-Size Cars
• SUVs
• Luxury Cars
• LCVs/HCVs

Based on Application, The market is bifurcated into Compact Cars, Mid-Size Cars, SUVs, Luxury Cars, and LCVs/HCVs.

Automotive On Board AC-DC Power Inverters Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on Regional Analysis, The Global Automotive On Board AC-DC Power Inverters Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Western Europe is expected to dominate in the market owing to the rising automotive vehicle fleet coupled with the increasing installation of electrical gadgets in the vehicles over the forecast period. North America is projected to grow with a substantial growth rate in the market owing to leading automotive carmakers such as General Motors and Ford Motor being highly focused to enhance battery power’s output by the use of electronics devices. The Asia Pacific is expected to grow with a considerable growth rate in the Global Automotive On Board AC-DC Power Inverters Market due to the increasing number of rental cab services that use GPS, telematics systems, and increasing production of passenger cars over the forecast period.

Key Players

The “Global Automotive On Board AC-DC Power Inverters Market ”study report will provide valuable insight with an emphasis on the global market. The major players in the market are Eaton Corporation, Philips, Continental AG, Calsonic Kansei, Sensata Technologies, TOSHIBA Electronic Devices & Storage Corporation, Lear Corporation, Delta Electronics, Samlex America, Stanley Black & Decker. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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