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Automotive On-board Power Inverter Market by Power Range, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR44088
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The automotive on-board power inverter market share is expected to increase by USD 51.38 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.3%.

This automotive on-board power inverter market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive on-board power inverter market segmentations by power range (up to 150W and more than 150W), application (passenger cars and LCVs), and geography (North America, APAC, Europe, South America, and MEA). The automotive on-board power inverter market report also offers information on several market vendors, including Cobra, COTEK Electronic Ind. Co. Ltd., Hitachi Ltd., Koninklijke Philips NV, Lear Corp., Samlex America Inc., Schumacher Electric Corp., SENSATA TECHNOLOGIES HOLDING PLC, Stanley Black & Decker Inc., and Toyota Industries Corp. among others.

What will the Automotive On-board Power Inverter Market Size be During the Forecast Period?

Automotive On-board Power Inverter Market Size

Download Report Sample to Unlock the Automotive On-board Power Inverter Market Size for the Forecast Period and Other Important Statistics

 

Automotive On-board Power Inverter Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing popularity of SUVs and pickup trucks is notably driving the automotive on-board power inverter market growth, although factors such as improper use of power inverters may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive onboard power inverter industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Automotive On-board Power Inverter Market Driver

The growing popularity of SUVs and pickup trucks is one of the major drivers impacting the automotive onboard power inverter market. In the passenger car segment, SUVs contribute significantly to the global automotive on-board power inverter market. SUVs are suitable for any kind of traveling like off-road traveling, long road trips, or city commutes. There is growing popularity of SUVs, especially for long-distance traveling and camping trips. As a result, power inverters are being deployed in most mid-size and luxury SUVs as standard or optional fitments. Currently, 150W power inverters are being equipped in SUVs. However, OEMs are expected to shift toward higher power range inverters during the forecast period. Emerging economies, such as China and India, are witnessing the growing popularity of SUVs. SUVs offered by well-established automakers, such as Toyota Motor, Ford Motor Company, and Nissan Motor Company, are driving the growth of the global SUV market.

Key Automotive On-board Power Inverter Market Trend

The growing popularity of pure sinewave inverters is one of the major trends influencing the automotive onboard power inverter market. The number of electronic equipment and the time duration for which the devices can be run depend upon the inverter's capacity. Most automotive OEMs offer modified sinewave inverters with a power output capacity of up to 15W. The reason for the same is attributed to the cost involved in providing these inverters and the general preference of users. Most users use these inverters to power personal electronic devices like smartphones, tablets, laptops, and other handheld infotainment devices. As a result, modified sine wave inverters are predominant in the market. Even though a modified sinewave inverter costs much less than a pure sine wave inverter, it is not suitable for several electronic devices and is noisier. For instance, modified sine wave inverters are not suitable to run medical equipment in ambulances and emergency services vehicles.

Key Automotive On-board Power Inverter Market Challenge

Improper usage of power inverters is one of the major challenges impeding the automotive onboard power inverter market. Power inverters convert the DC drawn from the battery into AC to operate electronic devices used inside vehicles. Hence, electronic appliances operate at a finite amount of power as per their battery capacity. As a result, users should make efficient use of power inverters. OEMs discourage people from using onboard power inverters while the vehicle is off. Powering electronic devices while the vehicle engine is switched off often leads to quick depletion of the vehicle's battery. Not following this can negatively impact the vehicle's battery and may lead to other system failures in the vehicle. Most on-board power inverters have a maximum power output of 150W. These inverters can be ideally used for personal electronics. However, during long-distance traveling, users try and use these power inverters to power heavy-power-consuming devices and end up facing the issue of a dead battery. This negatively impacts the global automotive on-board power inverter market.

This automotive on-board power inverter market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global automotive on-board power inverter market as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive onboard power inverter market during the forecast period.

Who are the Major Automotive On-board Power Inverter Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Cobra
  • COTEK Electronic Ind. Co. Ltd.
  • Hitachi Ltd.
  • Koninklijke Philips NV
  • Lear Corp.
  • Samlex America Inc.
  • Schumacher Electric Corp.
  • SENSATA TECHNOLOGIES HOLDING PLC
  • Stanley Black & Decker Inc.
  • Toyota Industries Corp.

 

This statistical study of the automotive onboard power inverter market encompasses successful business strategies deployed by the key vendors. The automotive on-board power inverter market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive on-board power inverter market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.

Automotive On-board Power Inverter Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive on-board power inverter market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the electrical components and equipment market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Automotive On-board Power Inverter Market?

Automotive On-board Power Inverter Market Share by Geography

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56% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the automotive on-board power inverter market in North America. Market growth in this region will be faster than the growth of the market in regions.

The increasing need to retain drivers will facilitate the automotive on-board power inverter market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Other 1 Segments in the Automotive On-board Power Inverter Market?

Automotive On-board Power Inverter Market Share

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The automotive on-board power inverter market share growth in the up to 150W segment has been significant. A power inverter is an electronic device that converts the battery's DC power supply into alternating current (AC) main power. This allows to power electrical and other electronic equipment away from the normal main power

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive on-board power inverter market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive On-board Power Inverter Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.3%

Market growth 2021-2025

$ 51.38 million

Market structure

Concentrated

YoY growth (%)

1.07

Regional analysis

North America, APAC, Europe, South America, MEA, North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 56%

Key consumer countries

US, China, Japan, Canada, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Cobra, COTEK Electronic Ind. Co. Ltd., Hitachi Ltd., Koninklijke Philips NV, Lear Corp., Samlex America Inc., Schumacher Electric Corp., SENSATA TECHNOLOGIES HOLDING PLC, Stanley Black & Decker Inc., and Toyota Industries Corp. 

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Automotive On-board Power Inverter Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive on-board power inverter market growth during the next five years
  • Precise estimation of the automotive on-board power inverter market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive on-board power inverter industry across North America, APAC, Europe, South America, MEA, North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive on-board power inverter market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis

    3 Market Sizing

    • 3.1 Market definition
      • Exhibit 04: Offerings of vendors included in the market definition
    • 3.2 Market segment analysis
      • Exhibit 05: Market segments
    • 3.3 Market size 2020
      • 3.4 Market outlook: Forecast for 2020 - 2025
        • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
        • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

      4 Five Forces Analysis

      • 4.1 Five Forces Analysis
        • Exhibit 08: Five forces analysis 2020 & 2025
      • 4.2 Bargaining power of buyers
        • Exhibit 09: Bargaining power of buyers
      • 4.3 Bargaining power of suppliers
        • Exhibit 10: Bargaining power of suppliers
      • 4.4 Threat of new entrants
        • Exhibit 11: Threat of new entrants
      • 4.5 Threat of substitutes
        • Exhibit 12: Threat of substitutes
      • 4.6 Threat of rivalry
        • Exhibit 13: Threat of rivalry
      • 4.7 Market condition
        • Exhibit 14: Market condition - Five forces 2020

      5 Market Segmentation by Application

      • 5.1 Market segments
        • Exhibit 15: Application - Market share 2020-2025 (%)
      • 5.2 Comparison by Application
        • Exhibit 16: Comparison by Application
      • 5.3 Passenger cars - Market size and forecast 2020-2025
        • Exhibit 17: Passenger cars - Market size and forecast 2020-2025 ($ million)
        • Exhibit 18: Passenger cars - Year-over-year growth 2020-2025 (%)
      • 5.4 LCVs - Market size and forecast 2020-2025
        • Exhibit 19: LCVs - Market size and forecast 2020-2025 ($ million)
        • Exhibit 20: LCVs - Year-over-year growth 2020-2025 (%)
      • 5.5 Market opportunity by Application
        • Exhibit 21: Market opportunity by Application

      6 Market Segmentation by Power range

      • 6.1 Market segments
        • 6.2 Comparison by Power range
          • 6.3 Up to 150W - Market size and forecast 2020-2025
            • Exhibit 24: Up to 150W - Market size and forecast 2020-2025 ($ million)
            • Exhibit 25: Up to 150W - Year-over-year growth 2020-2025 (%)
          • 6.4 More than 150W - Market size and forecast 2020-2025
            • Exhibit 26: More than 150W - Market size and forecast 2020-2025 ($ million)
            • Exhibit 27: More than 150W - Year-over-year growth 2020-2025 (%)
          • 6.5 Market opportunity by Power range
            • Exhibit 28: Market opportunity by Power range

          7 Customer Landscape

          8 Geographic Landscape

          • 8.1 Geographic segmentation
            • Exhibit 30: Market share by geography 2020-2025 (%)
          • 8.2 Geographic comparison
            • Exhibit 31: Geographic comparison
          • 8.3 North America - Market size and forecast 2020-2025
            • Exhibit 32: North America - Market size and forecast 2020-2025 ($ million)
            • Exhibit 33: North America - Year-over-year growth 2020-2025 (%)
          • 8.4 APAC - Market size and forecast 2020-2025
            • Exhibit 34: APAC - Market size and forecast 2020-2025 ($ million)
            • Exhibit 35: APAC - Year-over-year growth 2020-2025 (%)
          • 8.5 Europe - Market size and forecast 2020-2025
            • Exhibit 36: Europe - Market size and forecast 2020-2025 ($ million)
            • Exhibit 37: Europe - Year-over-year growth 2020-2025 (%)
          • 8.6 South America - Market size and forecast 2020-2025
            • Exhibit 38: South America - Market size and forecast 2020-2025 ($ million)
            • Exhibit 39: South America - Year-over-year growth 2020-2025 (%)
          • 8.7 MEA - Market size and forecast 2020-2025
            • Exhibit 40: MEA - Market size and forecast 2020-2025 ($ million)
            • Exhibit 41: MEA - Year-over-year growth 2020-2025 (%)
          • 8.8 Key leading countries
            • Exhibit 42: Key leading countries
          • 8.9 Market opportunity by geography
            • Exhibit 43: Market opportunity by geography ($ million)

          9 Drivers, Challenges, and Trends

          • 9.1 Market drivers
            • 9.2 Market challenges
              • 9.3 Market trends

                10 Vendor Landscape

                • 10.1 Vendor landscape
                  • Exhibit 45: Vendor landscape
                • 10.2 Competitive Scenario
                  • 10.3 Landscape disruption
                    • Exhibit 46: Landscape disruption
                    • Exhibit 47: Industry risks

                  11 Vendor Analysis

                  • 11.1 Vendors covered
                    • Exhibit 48: Vendors covered
                  • 11.2 Market positioning of vendors
                    • Exhibit 49: Market positioning of vendors
                  • 11.3 Cobra
                    • Exhibit 50: Cobra - Overview
                    • Exhibit 51: Cobra - Product and service
                    • Exhibit 52: Cobra - Key offerings
                  • 11.4 COTEK Electronic Ind. Co. Ltd.
                    • Exhibit 53: COTEK Electronic Ind. Co. Ltd. - Overview
                    • Exhibit 54: COTEK Electronic Ind. Co. Ltd. - Product and service
                    • Exhibit 55: COTEK Electronic Ind. Co. Ltd. - Key offerings
                  • 11.5 Hitachi Ltd.
                    • Exhibit 56: Hitachi Ltd. - Overview
                    • Exhibit 57: Hitachi Ltd. - Business segments
                    • Exhibit 58: Hitachi Ltd. - Key news
                    • Exhibit 59: Hitachi Ltd. - Key offerings
                    • Exhibit 60: Hitachi Ltd. - Segment focus
                  • 11.6 Koninklijke Philips NV
                    • Exhibit 61: Koninklijke Philips NV - Overview
                    • Exhibit 62: Koninklijke Philips NV - Business segments
                    • Exhibit 63: Koninklijke Philips NV. - Key news
                    • Exhibit 64: Koninklijke Philips NV - Key offerings
                    • Exhibit 65: Koninklijke Philips NV - Segment focus
                  • 11.7 Lear Corp.
                    • Exhibit 66: Lear Corp. - Overview
                    • Exhibit 67: Lear Corp. - Business segments
                    • Exhibit 68: Lear Corp. - Key offerings
                  • 11.8 Samlex America Inc.
                    • Exhibit 69: Samlex America Inc. - Overview
                    • Exhibit 70: Samlex America Inc. - Product and service
                    • Exhibit 71: Samlex America Inc. - Key offerings
                  • 11.9 Schumacher Electric Corp.
                    • Exhibit 72: Schumacher Electric Corp. - Overview
                    • Exhibit 73: Schumacher Electric Corp. - Product and service
                    • Exhibit 74: Schumacher Electric Corp. - Key offerings
                  • 11.10 SENSATA TECHNOLOGIES HOLDING PLC
                    • Exhibit 75: SENSATA TECHNOLOGIES HOLDING PLC - Overview
                    • Exhibit 76: SENSATA TECHNOLOGIES HOLDING PLC - Business segments
                    • Exhibit 77: Sensata Technologies Inc.- Key news
                    • Exhibit 78: SENSATA TECHNOLOGIES HOLDING PLC - Key offerings
                    • Exhibit 79: SENSATA TECHNOLOGIES HOLDING PLC - Segment focus
                  • 11.11 Stanley Black & Decker Inc.
                    • Exhibit 80: Stanley Black & Decker Inc. - Overview
                    • Exhibit 81: Stanley Black & Decker Inc. - Business segments
                    • Exhibit 82: Stanley Black & Decker Inc. - Key offerings
                    • Exhibit 83: Stanley Black & Decker Inc. - Segment focus
                  • 11.12 Toyota Industries Corp.
                    • Exhibit 84: Toyota Industries Corp. - Overview
                    • Exhibit 85: Toyota Industries Corp. - Business segments
                    • Exhibit 86: Toyota Industries Corp.- Key news
                    • Exhibit 87: Toyota Industries Corp. - Key offerings
                    • Exhibit 88: Toyota Industries Corp. - Segment focus

                  12 Appendix

                  • 12.1 Scope of the report
                    • 12.2 Currency conversion rates for US$
                      • Exhibit 89: Currency conversion rates for US$
                    • 12.3 Research methodology
                      • Exhibit 90: Research Methodology
                      • Exhibit 91: Validation techniques employed for market sizing
                      • Exhibit 92: Information sources
                    • 12.4 List of abbreviations
                      • Exhibit 93: List of abbreviations

                    Research Framework

                    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                    TechnavioINFORMATION SOURCES

                    Primary sources

                    • Manufacturers and suppliers
                    • Channel partners
                    • Industry experts
                    • Strategic decision makers

                    Secondary sources

                    • Industry journals and periodicals
                    • Government data
                    • Financial reports of key industry players
                    • Historical data
                    • Press releases
                    Technavio

                    TechnavioDATA ANALYSIS

                    Data Synthesis

                    • Collation of data
                    • Estimation of key figures
                    • Analysis of derived insights

                    Data Validation

                    • Triangulation with data models
                    • Reference against proprietary databases
                    • Corroboration with industry experts
                    Technavio

                    TechnavioREPORT WRITING

                    Qualitative

                    • Market drivers
                    • Market challenges
                    • Market trends
                    • Five forces analysis

                    Quantitative

                    • Market size and forecast
                    • Market segmentation
                    • Geographical insights
                    • Competitive landscape
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                    Automotive On-board Power Inverter Market market growth will increase by $51.38 mn during 2021-2025.
                    The automotive on-board power inverter market market is expected to grow at a CAGR of 3.3% during 2021-2025.
                    Technavio has segmented the automotive on-board power inverter market market by other 1 (up to 150W and more than 150W) ,application (passenger cars and LCVs) , and geography (North America, APAC, Europe, South America, and MEA).
                    Cobra, COTEK Electronic Ind. Co. Ltd., Hitachi Ltd., Koninklijke Philips NV, Lear Corp., Samlex America Inc., Schumacher Electric Corp., SENSATA TECHNOLOGIES HOLDING PLC, Stanley Black & Decker Inc., Toyota Industries Corp. are a few of the key vendors in the automotive on-board power inverter market market.
                    North America will register the highest growth rate of 56% among the other regions. Therefore, the automotive on-board power inverter market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                    The key factors driving the automotive on-board power inverter market market growth are:
                    • Growing popularity of SUVs and pickup trucks
                    • Growing popularity of pure sinewave inverters
                    The automotive on-board power inverter market market vendors should focus on grabbing business opportunities from the up to 150w segment as it accounted for the largest market share in the base year.
                    • What are the key global market and the regional market share?
                    • What are the revenue-generating key market segments?
                    • What are the key factors driving and challenging this market’s growth?
                    • Who are the key market vendors and their growth strategies?
                    • What are the latest trends influencing the growth of this market?
                    • What are the variables influencing the market growth in the primary regions?
                    • What are the factors influencing the growth of the parent market?
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                    • Details on the market shares of various regions
                    • Five-force market analysis

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