Global Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market – Industry Trends and Forecast to 2029

Global Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market, By Power Supply (Static, Dynamic, Hybrid), Input Power Range (High Voltage (More than 48V), Mid Voltage (9V to 48V), Low Voltage (Up to 9V)), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles), Ampere Rating (Below 40 Amp, Above 40 Amp) - Industry Trends and Forecast to 2029

Market Analysis and Size

Automotive uninterruptible power supply (UPS) is one of the major components in the vehicle as it supports the main vehicle battery. When the vehicle is in running condition it operates the electrical system of vehicle. While, Automotive UPS provides electrical power continuously to propel the vehicle when the main battery fails to start the vehicle or the main battery fails to crank the engine.

Global Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market, was valued at USD 2955.97 million in 2021 and is expected to reach USD 4782.95 million by 2029, registering a CAGR of 6.20% during the forecast period of 2022-2029. “Passenger Cars” accounts for the largest vehicle type segment in the respective market owing to the high consumer preference for economic vehicles. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

An automotive uninterruptible power supply (UPS) or In-vehicle Uninterruptible Power Source, refers to an electrical apparatus which is widely utilized for delivering electric supply to the vehicle especially vehicle battery voltage reaches below a predetermined voltage level. This electrical apparatus acts as a battery backup as it provides powers to equipment in the car with the use of car electrical system. However, it witches to external battery power when the car's battery reaches below a predetermined voltage.

Report Scope and Market Segmentation

Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers:

• Electric Vehicle (EV) Sales

The increase in the electric vehicle (EV) sales across the globe acts as one of the major factors driving the growth of automotive uninterruptible power supply (UPS) market. The consumer preference is rapidly inclining towards passenger and commercial electric vehicle (EV) due to the rising environmental consciousness.

• Favorable Regulations

The presence of strict emission norms imposed by governing bodies in order to reduce pollution from the transportation industry increases demand for electric vehicles that further accelerate the market growth. The surge in government incentives and subsidies along with growing awareness of global warming have a positive impact on the market.

• Change in Consumer Preferences

The change in the buying preferences of consumers accelerate the market growth. An automotive uninterruptible power supply (UPS) is known to be an integral part of passenger vehicles that offer various comfort features to consumers.

Additionally, expansion of the automotive sector, surge in investments and increased disposable income positively affect the automotive uninterruptible power supply (UPS) market.

Opportunities

Furthermore, availability of customized options according to consumer requirement extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, government initiatives pertaining to EVs will further escalate the growth of automotive uninterruptible power supply (UPS) market.

Restraints/Challenges faced by the Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market

On the other hand, high cost associated with the system and maintenance, and complicated structure of the network are expected to obstruct market growth. Also, difficulty in installation is projected to challenge the automotive uninterruptible power supply (UPS) market in the forecast period of 2022-2029.

This automotive uninterruptible power supply (UPS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive uninterruptible power supply (UPS) market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.

COVID-19 had a Major Impact on Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market

The COVID-19 had a negative impact on the automotive uninterruptible power supply (UPS) market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand automotive uninterruptible power supply (UPS) market. The supply chain got hampered during the pandemic along with delay logistics activities. However, the automotive uninterruptible power supply (UPS) market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

Global Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market Scope

The automotive uninterruptible power supply (UPS) market is segmented on the basis of power supply, input power range, vehicle type and ampere rating. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Power Supply

• Static
• Dynamic
• Hybrid

Input Power Range

• High Voltage (More than 48V)
• Mid Voltage (9V to 48V)
• Low Voltage (Up to 9V)

Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Electric Vehicles
  • BEV
  • HEV

Ampere Rating

• Below 40 Amp
• Above 40 Amp

Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market Regional Analysis/Insights

The automotive uninterruptible power supply (UPS) market is analyzed and market size insights and trends are provided by country, power supply, input power range, vehicle type and ampere rating.

The countries covered in the automotive uninterruptible power supply (UPS) market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific (APAC) dominates the automotive uninterruptible power supply (UPS) market because of the robust electronics industry in China and availability of low cost products within the region.

Europe is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rise in manufacturing In-vehicle UPS because of risk of unavailability of proper combination in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market Share Analysis

The automotive uninterruptible power supply (UPS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive uninterruptible power supply (UPS) market.

Some of the major players operating in the automotive uninterruptible power supply (UPS) market are

• Oxford Technical Solutions Ltd (UK)

• Multipower earthing solutions pvt.ltd. (India)
• espeeelectricals (India)
• PowerStream Technology (US)
• Jayachandran Industries Ltd (India)
• Mallik Power Car & UPS Battery (India)
• Newmar (US)
• Amara Raja Batteries Ltd. (India)
• Hunan Cunneng Electric Co. Ltd (China)
• Hebei Jiaxun Feiyang Technology Development Co. Ltd (China)
• HAIRF (China)