Key vendors aim to produce Hybrid Electric Vehicles (HEVs) to give vehicles a power boost.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global automotive on-board power inverter market in their latest research report.
To identify the top vendors, Technavio’s market research analysts have taken into account the product portfolio of the vendors.
- Passenger cars: This includes vehicles with gross vehicle rate rating of less than 8,378 lb.
- Light commercial vehicles (LCVs): This includes vehicles with gross vehicle rate rating of over 8,378 lb.
This Technavio report, under automotive electronics vertical, is based on the synthesis, analysis, and interpretation of information about the global automotive on-board power inverter market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The prime buying criteria is based on regulatory approval for on-board power inverter. Inverters that are certified with safety ratings such as UL 458 are preferred over the traditional devices. The suppliers that work with original equipment manufacturers of on-board power inverters must have their products listed by the safety regulatory agency such as UL or Electrical Testing Labs (ETL).
“With the high number of upcoming models based on advanced technology and economic stability in various countries such as the US, China, and Europe, we expect the market to reach a dramatic growth after the year 2017. Growing demand from emerging countries such as India, South Korea, and the Middle East countries also contributes as a factor. Moreover, vendors aim to produce hybrid electric vehicles (HEVs) that can use the added energy supplied by the hybrid system to give vehicles a power boost. These factors are expected to increase the demand for HEVs, thereby increasing the number of unit shipments in the market during the forecast period,” says Siddarth Jaiswal, a lead analyst at Technavio for research on automotive electronics.
Top five vendors in the automotive on-board power inverter market space
Lear
Lear is a globally leading supplier of automotive seating and electrical products. Component capability in emerging markets, engaging in complementary acquisitions to enhance capabilities, expanding business in its E-systems and seating offerings category are some of the core strategies followed by the company. Some of the products offered by the company are direct current-alternative current (DC-AC) on-board power inverters, high/low-voltage DC-DC converter, battery charger, battery monitor, high voltage power distribution center, and integrated power module.
Delta Electronics
Delta Electronics offers its products and services in the following areas such as automotive electronics, networking, renewable energy, power management, components, industrial automation, and display solutions. The company offers automotive related electronics and electricals through energy management business unit.
Calsonic Kansei
Calsonic Kansei manufactures automotive components and specializes in electronics and HVAC systems. Some of the products offered by the company are HVAC systems, automotive electronics, engine cooling, exhaust systems, and interiors. The company operates with various center of excellence across the globe with major concentration in North America.
Samlex America
Samlex America manufactures and distributes power conversion products. Some of the products offered by the company are various power conversion products such as AC-DC power supplies, inverters, solar charge controllers, DC-DC voltage converters, and DC-AC power inverters. The products are certified with safety UL standards.
Magnum Dimensions
Magnum Dimensions is a global supplier of sensors and controls. The company offers both pure sinewave inverters and modified sine wave inverters with power ranging from 300 W to 12,000 W and input ranges from 12 to 300 volts. Some of the other products offered by the company are converters, inverter chargers, interconnection system equipment, and battery backup products. Most of the products offered by the company are UL listed and are tested by UL.
A more detailed analysis is available in the Technavio report, Global Automotive On-Board Power Inverter Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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