Global Automotive Inverter Market - 2020-2027
|出版日期||內容資訊||英文 180 Pages
|汽車用變頻器的全球市場 (2020年∼2027年) Global Automotive Inverter Market - 2020-2027|
|出版日期: 2021年05月04日||內容資訊: 英文 180 Pages||
An inverter is a power electronic device that changes direct current to alternating current, and the resulting A.C frequency obtained depends on the particular device employed. Since car batteries provide D.C voltage and most consumer electronics embedded in an automobile work on an A.C source, a car power inverter is needed to run the AC source devices on the road. With a car power inverter installed, any electronic device can be plugged into the car and used with a few caveats. Few vital constraints to be kept in mind while using an automobile inverter are rated output of the alternator, capacity of the car battery and output wattage of the inverter. Inverters work by utilizing a unidirectional DC power source to a rotating current (AC) power source. Electronic inverters are oscillators that quickly switch the polarity of the DC power source, which makes a square wave. Most inverters incorporate additional components that create either a modified or pure sine wave since most electronic gadgets work on the sine wave. Any individual who spends his major time traveling on the road can benefit themselves by inverters. Applications of inverters are particularly valuable on long travels, for outdoors, individuals who travel for business, over-the-road truck drivers and other comparative applications.
The global Automotive Inverter market is estimated to reach USD XX billion by 2027 from the recorded market size of worth USD XX billion in 2019, growing at a CAGR of XX% during the forecast period.
The global Automotive Inverter growth is driven by the emerging markets, and huge investments in research and development are the factors responsible for the growth of this market. Moreover, the rising demand for high-efficiency invertors is expected to drive the market.
Increasing demand for automobiles is likely to favor the market growth during the forecast period
With the increasing population, the demand for vehicles is also increasing significantly, imposing a lot of pressure on the automobile industries to level up their production processes to match the global demand for automobiles. The increasing living standards of the people create a competitive edge among the key players to provide their vehicles with excellent features, discriminating them from their competitors. The key players are investing huge amounts of money in research and development to bring up new advances in their products, thereby increasing human comfort. According to a report by Statista, it is expected that 110 million vehicles will be produced by 2025, and Asia is on the verge of becoming the hottest market in terms of passenger vehicle production; moreover, it is projected that the worldwide auto industry will develop up to nine trillion U.S. dollars by 2030. It is expected that new vehicle deals will represent around 38% of the total worth. The increased demand for automobiles is likely to favor the market growth for automotive invertors during the forecast period. They are a real benefit for people who spend a lot of time traveling in their vehicles. These devices are beneficial on long road trips, camping, people who travel for business, over-the-road truck drivers, and other similar applications. Devices like Televisions, DVD and Blu-ray players, Power tools etc., can be easily operated using an automotive inverter, thereby providing increased human comfort. By employing an automotive invertor, you can never run out of power, enjoy outdoor activities without hindrance, have zero running costs and are eco-friendly. The technology, Insulated-gate bipolar transistors (IGBT) used in Automotive Invertor, almost represented the worldwide automotive inverter market in 2018. In the period of 2018-2029, the market for metal oxide semiconductor field impact semiconductors (MOSFET) auto inverters is expected to develop quickly from 121.6 million U.S. dollars to 8.3 billion U.S. dollars across the world.
High cost is likely to hinder the market growth during the forecast period
Power inverter isn't the commonly used vehicle device; many car owners are not even familiar with it. Few people simply purchase a cheap vehicle power inverter which increased and hidden security risks. Ordinary family car users rarely use power inverters in daily life because they often charge their phones by associating a 12v car power supply directly. Only in long-distance traveling by car or on some special occasions, the power inverter appears as an "emergency electricity converter."
By type, the market is segmented into Modified sine wave, pure sine wave and others. By outlet, the market is segmented into single outlet, multiple outlet and USB outlet. By technology, the market is segmented into IGBT and MOSFET.
The pure sine wave segment of the automotive inverter is likely to grow at a rapid rate during the forecast period
The high effectiveness of pure sine wave automotive invertors is likely to favor the market growth during the forecast period. They produce a sine wave that is quite similar to the AC power available from the home's power outlets. Some devices in the vehicle which work on uninterruptible power supplies may fail to work correctly without a steady pure sine wave. Besides being expensive, its effectiveness out passes it and makes it an ideal choice for the consumers. High-quality sine wave inverters are evaluated at 90-95% proficiency. Lower quality modified sine wave inverters are less proficient - 75-85%. High-frequency inverters usually are more proficient than low-frequency. Inverter productivity relies upon inverter load.
Asia Pacific is expected to witness the fastest growing Automotive Inverter Market due to the increased automotive activities across the region. The rising demand for automobiles due to the increasing population in developing countries such as China and India is likely to favor the market growth for Automotive Inverter across the region. The automobile industry has been a significant driver in China's economic momentum. China was the world's leading car manufacturer country in 2019, delivering around 21 million traveler vehicles, claiming a 26.5 percent share of total global vehicle production. The vehicle populace in China has been expanding and stood at 281 million in 2019. The vehicle parc of China has been expanding dramatically because of the quickly expanding new vehicle enrolment. Guangdong leads country-wide as the province hosting the most registered vehicles with 2.6 million new registered vehicles in 2019. Increased manufacturing and sales activities in the automobile sector are likely to favor the market growth during the forecast period.
Europe is also expected to witness significant growth in the Automotive Inverter market due to the increasing demand for automobiles across the region. Many key players like Mercedes, Audi, BMW, Porsche, Opel, and Volkswagen across the region make it an ideal place for witnessing significant market growth for Automotive Inverters. Germany across the region is the country with the highest automobile activities, and the value of the automobile industry in Germany is 511.95 billion euros.
The Automotive Inverter market is fragmented with the presence of regional and global players. The competitive contour lies with the increase in the regional company and growing investment in upstream application. KRIEGER, BESTEK, Energizer, Duracell, GoWISE, SUPERONE, STANLEY, Cobra Power Inverters, DeWalt, Milwaukee, Ryobi are the major player in the sensors market. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the Automotive Inverter market globally.
Krieger is the leader in Solar Energy Solution. KRIEGER produces 12 and 24 volt DC to AC power inverters, step-up and step-down 110 to 220V voltage transformers. KRIEGER designs and manufactures the most technologically advanced power products on the market today. Committed to continuously offering the most innovative, efficient and environmentally responsible equipment, KRIEGER invests significant resources in ongoing research and development and continuously refining the existing products. KRIEGER's wide range of power inverter is the ideal choice for the customers. KRIEGER's extensive product line includes modified and pure sine wave inverters ranging from 1100 Watts to 4000 Watts, step-up and step-down 110 to 220V voltage transformers, as well as a full range of power solutions for every application.