Rise in electrification of automotive vehicles is expected to drive market expansion in the near future at a CAGR of 4.6% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Automotive board AC DC power inverters market” that contains information from 2018 to 2032. The automotive board AC DC power inverters market is estimated to register a CAGR of 4.6% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global automotive board AC DC power inverters market— Eaton Corporation, Calsonic Kansei, Sensata Technologies, Philips, TOSHIBA Electronic Devices & Storage Corporation, Continental AG, Lear Corporation, Delta Electronics, Samlex America, and Stanley Black & Decker.

Market Highlights

The global automotive board AC DC power inverters market is accounted to register a CAGR of 4.6% during the forecast period and is estimated to reach USD 1122.2 Million by 2032.

The rise in the number of travellers who require electronic devices such as infotainment systems, as well as the rise in the number of electronic devices or technologies such as GPS, collision sensor, drive-by-wire, rise in the adoption of handheld devices inside an automobile, and rise in the prevalence of handheld devices among drivers, are among the major factors boosting the automotive on board AC-DC power inverters market. Furthermore, increased technological advancements and modernization in manufacturing techniques, increased research and development activities, and increased demand from emerging economies will create new opportunities for the automotive on board AC-DC power inverters market during the forecast period.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automotive board AC DC power inverters market Report

Segment Analysis

The global automotive board AC DC power inverters market has been segmented based Type and Application.

On the basis Of type, the market is segmented into Less than 100 W automotive board AC DC power inverters, 100 W to 150 W automotive board AC DC power inverters, and more than 150 W automotive board AC DC power inverters. The 100 W to 150 W automotive board AC DC power inverters segment accounted for the largest revenue share in 2022. This is because using electrical gadgets like DVD players, laptops, mobile phone chargers, and gaming consoles need a low power range.

Based on application, the global automotive board AC DC power inverters market has been segmented into compact cars, mid-size cars, SUVs, luxury cars, LCVs, and HCVs. Mid-size cars segment dominated the global Automotive Board AC DC Power Inverters market in 2022. The inverter regulates the electric motor in an electric drivetrain. Similar to the engine management system (EMS) in combustion-powered cars, this inverter is an essential part of the car because it affects the vehicle's efficiency. Due to demand from North America, Europe, and Asia-Pacific (particularly China), the market for hybrid, electric, and fuel cell passenger automobiles has been expanding during the past few years.

Regional Analysis

The global automotive board AC DC power inverters market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe automotive board AC DC power inverters market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The automotive board AC DC power inverters market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World automotive board AC DC power inverters market comprises of Middle East, Africa, and Latin America.

The North America automotive board AC DC power inverters market dominated this market in 2022 (45.80%). The demand for electric car power inverters has grown significantly over the past several years as a result of the increase in electric vehicle usage and demand in the United States. For instance, despite the pandemic, demand for electric vehicles has surged. Passenger car registrations increased by 22.56% annually, from 1.45 million units in 2019 to 1.78 million units in 2020.

Moreover, in 2022, the Europe automotive board AC DC power inverters market held a sizable market share. Germany is one of Europe's main vehicle markets. Here is one of the largest markets for electric trucks. Over the past few years, the market for electric vehicles in Germany has been continuously growing, which has aided in the advancement of electric vehicle power inverters. For instance, sales of passenger cars have climbed dramatically during the last few years. Electric car sales climbed by 207% yearly to reach 194.4 thousand in 2020 from 63.2 units sold in 2019.

Additionally, from 2023 to 2032, it's anticipated that the Asia Pacific automotive board AC DC power inverters market will expand significantly. China is a major player in the global market for electric vehicles. The Chinese government also encourages the adoption of electric cars. All petrol and diesel vehicles will be prohibited in the country by 2040. China has one of the largest markets for electric passenger cars in the world, and it has been rapidly growing recently. It is predicted to rise throughout the course of the forecast period, which will affect how much demand there is for electric car power inverters as that demand increases.

Furthermore, the rest of the world's automotive board AC DC power inverters market is divided into the Middle East, Africa, and Latin America. Latin America's automotive industry is adopting AC DC power inverters for electric and hybrid vehicles. Government incentives and environmental concerns are driving the market's growth as the region aims to reduce emissions.

Key Findings of the Study

• The global automotive board AC DC power inverters market is expected to reach USD 1122.2 Million by 2032, at a CAGR of 4.6% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the 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.


• Based on application, the mid-size cars segment was attributed to holding the largest market in 2022.


• Eaton Corporation, Calsonic Kansei, Sensata Technologies, Philips, TOSHIBA Electronic Devices & Storage Corporation, Continental AG, Lear Corporation, Delta Electronics, Samlex America, and Stanley Black & Decker.