Automotive Board AC DC Power Inverters Market

Rapid electrification in an automotive vehicle is driving the market growth

Over the projection period, it is anticipated that rapid electrification in automobiles will boost demand for automotive on-board AC-DC power inverters. Additionally, it is anticipated that over the course of the projection period, the demand for automotive board AC DC power inverters would increase due to the rise in the number of trips that call for electronic gadgets such infotainment systems. Additionally, a growing variety of electronic products or technologies, including GPS, collision sensors, and drive-by-wire, are anticipated to propel the global market during the projected time frame.

Additionally, a fully electric car is thought of as an electric vehicle, which increases market demand during cloudy weather.

One of the major factors that would propel the growth of the Automotive Board AC DC Power Inverters Market during the projected period is the increasing popularity of handheld devices inside of automobiles. Automotive board AC DC power inverters have better growth prospects due to the increasing use of portable gadgets by drivers. Additionally, the use of cellphones and navigation systems by drivers is projected to increase as the global taxi aggregators sector expands. In the next years, this element is probably going to contribute to the growth of the global market.

The market's double-digit global growth rate is still another important factor.

Future market growth is probably due to the anticipated increase in electric vehicle sales. One of the key developments in the international market is the rising appeal of electric automobiles. However, one of the key market inhibitors continues to be the high cost of integration. Further impeding the market are the strong currents flowing via terminals and connected connections, which diminish safety. OEMs' increased attention to effective power management presents advantageous business opportunities. Thus, driving the Automotive Board AC DC Power Inverters market revenue.

The Global Automotive Board AC DC Power Inverters Market Industry is poised for substantial growth in the coming years. Projections indicate that the market will reach 759.7 USD Million in 2024 and is expected to expand to 1284.3 USD Million by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 4.89% from 2025 to 2035. Such figures reflect the increasing reliance on power inverters in modern vehicles, driven by trends such as the rise of electric vehicles, technological advancements, and regulatory support for emission reductions. The market's expansion underscores the critical role that power inverters play in the automotive industry's evolution.

The increasing adoption of electric vehicles (EVs) is a primary driver for the Global Automotive Board AC DC Power Inverters Market Industry. As consumers and manufacturers prioritize sustainability, the demand for efficient power inverters that convert DC power from batteries to AC power for vehicle systems is surging. In 2024, the market is projected to reach 759.7 USD Million, reflecting the industry's response to this trend. Furthermore, the shift towards EVs is expected to accelerate, leading to a projected market value of 1284.3 USD Million by 2035. This growth indicates a compound annual growth rate (CAGR) of 4.89% from 2025 to 2035, underscoring the importance of power inverters in modern automotive applications.

The integration of renewable energy sources into automotive systems is emerging as a crucial driver for the Global Automotive Board AC DC Power Inverters Market Industry. As vehicles increasingly incorporate solar panels and other renewable technologies, the need for efficient power inverters becomes paramount. These inverters facilitate the conversion of renewable energy into usable power for vehicle systems, enhancing energy efficiency and sustainability. This trend aligns with the broader movement towards green technology in the automotive sector. The anticipated growth in this area may contribute to the market's expansion, with projections indicating a CAGR of 4.89% from 2025 to 2035, reflecting the growing importance of renewable energy integration.

Consumer preferences are shifting towards vehicles equipped with advanced features, which is positively impacting the Global Automotive Board AC DC Power Inverters Market Industry. Features such as enhanced infotainment systems, advanced driver-assistance systems, and improved battery management systems require efficient power inverters to function optimally. As consumers demand more sophisticated technology in their vehicles, manufacturers are compelled to invest in high-quality power inverters that can support these features. This trend is likely to drive market growth, with the industry projected to reach 1284.3 USD Million by 2035, indicating a robust demand for innovative power solutions in the automotive sector.

Government regulations aimed at reducing vehicle emissions are driving the Global Automotive Board AC DC Power Inverters Market Industry. Many countries are implementing stringent emission standards, which compel automotive manufacturers to adopt cleaner technologies, including electric and hybrid vehicles. This regulatory landscape fosters the need for efficient power inverters that facilitate the transition from traditional combustion engines to electric drivetrains. As a result, the market is expected to grow, with projections indicating a value of 759.7 USD Million in 2024. The ongoing commitment to sustainability and emission reductions suggests that the demand for advanced power inverters will remain strong in the coming years.

Technological innovations in power electronics are significantly influencing the Global Automotive Board AC DC Power Inverters Market Industry. Advances in semiconductor materials, such as silicon carbide and gallium nitride, enhance the efficiency and performance of power inverters. These materials allow for higher switching frequencies and reduced energy losses, which are critical for the performance of electric and hybrid vehicles. As manufacturers integrate these technologies, the market is likely to experience increased demand for high-performance inverters. The ongoing research and development efforts in this domain suggest that the market will continue to evolve, providing better solutions for energy conversion and management in automotive applications.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Automotive Board AC DC Power Inverters Market dominated this market in 2022 (45.80%). Due to the rise in electric vehicle adoption and demand in the United States over the past several years, there has been a considerable growth in the need for electric vehicle power inverters. For instance, the demand for electric cars has increased despite the pandemic. Passenger car registrations climbed from 1.45 million units in 2019 to 1.78 million units in 2020, a 22.56% annual growth rate.

Further, the U.S. Automotive Board AC DC Power Inverters market held the largest market share, and the Canada Automotive Board AC DC Power Inverters market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Automotive Board Ac Dc Power Inverters Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Automotive Board AC DC Power Inverters market accounted for the healthy market share in 2022. One of the biggest auto markets in Europe is Germany. One of the biggest markets for electric trucks exists here. In Germany, the market for electric vehicles has been steadily expanding over the past few years, which has facilitated the development of electric vehicle power inverters. For instance, over the past few years, passenger automobile sales have increased significantly. When compared to sales of 63.2 units in 2019, the number of electric vehicle sales increased by 207% annually to 194.4 thousand in 2020.

Further, the German Automotive Board AC DC Power Inverters market held the largest market share, and the U.K Automotive Board AC DC Power Inverters market was the fastest growing market in the European region

The Asia Pacific Automotive Board AC DC Power Inverters market is expected to register significant growth from 2023 to 2032. In the global market for electric vehicles, China is a significant player. Additionally, the Chinese government promotes the use of electric vehicles. By 2040, all petrol and diesel vehicles will be outlawed in the nation. The market for electric passenger cars in China, which is among the biggest in the world, has been expanding quickly in recent years.

It is anticipated to increase during the forecast period, which will have an impact on the demand for electric vehicle power inverters as the demand for electric vehicles rises. Moreover, China’s Automotive Board AC DC Power Inverters market held the largest market share, and the Indian Automotive Board AC DC Power Inverters market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Automotive Board AC DC Power Inverters market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Automotive Board AC DC Power Inverters industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Automotive Board AC DC Power Inverters industry to benefit clients and increase the market sector. In recent years, the Automotive Board AC DC Power Inverters industry has offered some of the most significant advantages to medicine.

Major players in the Automotive Board AC DC Power Inverters market, including Eaton Corporation, Calsonic Kansei, Sensata Technologies, Philips, TOSHIBA Electronic Devices & Storage Corporation, Continental AG, Lear Corporation, Delta Electronics, Samlex America, and Stanley Black & Decker, are attempting to increase market demand by investing in research and development Types.

Drivetrain technologies are developed by Vitesco Technologies GmbH (Vitesco Technologies), originally a corporate unit of Continental AG. For the production of hybrid and battery-electric vehicles, the firm provides electrification solutions, power electronic equipment, and electric drives. The corporate headquarters of Vitesco Technologies are located in Regensburg, Bavaria. Vitesco Technology joined the Motorcycle Consortium for Swappable Batteries in August 2022. It is an innovative international producer of cutting-edge electrification and drive technology (SBMC). Four of the largest two-wheeled vehicle producers in the world—Honda, KTM, Piaggio, and Yamaha—founded the Consortium in 2021; it now has 21 members.

An car manufacturer is Renault SA (Renault). It creates, produces, markets, and distributes electric vehicles, light trucks, and passenger cars. The business also offers a range of services, including as leasing, maintenance, and service agreements. The business operates factories all around the world. Ile-de-France, France's Boulogne-Billancourt, serves as the home base for Renault.

In July 2022, Vitesco Technologies, a top global producer of cutting-edge drive technologies and electrification solutions, and Renault Group, a significant player in the automotive industry, announced the signing of a strategic partnership for the joint development and production of power electronics in a so-called "One Box" for electric and hybrid powertrains.