New Automotive On-Board Power Inverter Market Research During 2020-2024 | Market Impact Analysis | Technavio
21 Enero 2021 - 09:40PM
Business Wire
The new automotive on-board power inverter market research from
Technavio indicates negative growth in the short term as the
business impact of COVID-19 spreads.
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Technavio has announced its latest market
research report titled Global Automotive On-board Power Inverter
Market 2020-2024 (Graphic: Business Wire)
Get detailed insights on the COVID-19 pandemic
crisis and recovery analysis of the automotive on-board power
inverter market. Get FREE report sample within MINUTES
"One of the primary growth drivers for this market is the need
to stay connected during long-distance journeys,” says a senior
analyst for Industrials at Technavio. The market vendors should
focus more on the growth prospects in the fast-growing segments
while maintaining their positions in the slow-growing segments. As
the markets recover Technavio expects the automotive on-board power
inverter market size to grow by USD 23.61 million during the period
2020-2024.
Automotive On-board Power Inverter Market Segment Highlights for
2020
- The automotive on-board power inverter market is expected to
post a year-over-year growth rate of -3.54%.
- Based on the power range, up to 150W segment saw maximum growth
in 2019. The market growth in the up to 150W segment is expected to
spur from the demand for automotive on-board power inverters from
the customers who use personal electronic appliances while
traveling.
- The growth of the market segment will be significant during the
forecast period.
Regional Analysis
- 40% of the growth will originate from the APAC region.
- The rising demand for luxury vehicles will facilitate the
automotive on-board power inverter market growth in APAC over the
forecast period.
- China and Japan are the key markets for automotive on-board
power inverters in APAC. Market growth in this region will be
faster than the growth of the market in other regions.
Click here to learn about report detailed analysis and insights
on how you can leverage them to grow your business.
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Notes:
- The automotive on-board power inverter market size is expected
to accelerate at a CAGR of over 1% during the forecast period.
- The automotive on-board power inverter market is segmented by
application (Passenger cars and LCVs), geography (North America,
APAC, Europe, South America, and MEA), and power range (up to 150W
and more than 150W).
- The market is concentrated due to the presence of a few
established vendors holding significant market share.
- The research report offers information on several market
vendors, including Koninklijke Philips NV, Lear Corp., LG
Electronics Inc., New Focus Auto Tech Holdings Ltd., Samlex America
Inc., Schneider Electric SE, Schumacher Electric Corp., Sensata
Technologies Holding Plc, Stanley Black & Decker Inc., and
Toyota Industries Corp.
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version on businesswire.com: https://www.businesswire.com/news/home/20210121006021/en/
Technavio Research Jesse Maida Media & Marketing Executive
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