According to Data Bridge Market Research new Market report, global vehicle inverter market will account to an estimated USD 2.58 billion in 2018 growing at a CAGR of 17.45% during the forecast period of 2019 to 2026.
Access Full Report at https://databridgemarketresearch.com/reports/global-vehicle-inverters-market/
Device that is used to convert the direct current into alternation current is called inverter. Vehicle inverters are a type of converter that changes and helps in utilization of the energy for powering up the electrical appliances. They are widely used in televisions, DVD and Bluray Vehicles, game systems, catalytic heaters, cooking equipment and power tools. As car batteries provide DC current and almost all the consumer electronics work on AC, so car power inverters are used so that AC devices can be use on road. Applications of vehicle inverters are not limited to only powering the electronic devices and appliances, as they can power the lighting systems, windows and even audio systems.
Global vehicle inverter market is segmented on the basis of propulsion type, technology type, semiconductor material type, vehicle type and geography.
By Propulsion Type (BEV, HEV, PHEV), Technology Type (IGBT, MOSFET), Semiconductors Materials Type (Gallium Nitride, Silicon, Silicon Carbide), Output Power (Less than or equal to 130 KW, Greater than 130 KW), Vehicle Type (Passenger Cars, Commercial Vehicles), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN VEHICLE INVERTER MARKET
Increase in the Electric Vehicles
As of December 2018, China has the largest light duty plug- in electric vehicle market with 2243.8 sales, Europe with 1352, United States with 1126, California with 537.2 and Norway with 296.2. Netherland has the lowest sales with 145.9.
As per study, Norway with 39.2% has the largest electric vehicle market share, followed by Sweden with 6.3%, then China with 2.2%, UK and France with 1.7%, Germany with 1.6%, United States with 1.2% and Japan with 1.0%.
Few of the major competitors currently working in the vehicle inverters market are Sensata Technologies Inc., Robert Bosch GmbH, Valeo, Calsonic Kansei Corporation, Delphi Technologies, Hitachi Ltd., Continental AG, DENSO CORPORATION, Mitsubishi Electric Corporation, Siemens, Fuji Electric Co. Ltd., TOYOTA INDUSTRIES CORPORATION, Metric Mind Corporation and Xantrex LLC.
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