Top 7 Vendors in the Global Automotive On-Board Power Inverter Market from 2016 to 2020: Technavio

LONDON--()--Technavio has announced the top seven leading vendors in their recent global automotive on-board power inverter market report. The report will cover the automotive on-board power inverter market under the following power range: less than 150 W and over 150 W.

North America is the key market in terms of volume demand for on-board inverters, owing to the relatively higher popularity of the features and high availability. Regions such as Asia will gain momentum during the forecast period as high volume sales are expected.

Among passenger cars, sports utility vehicles (SUVs) have the highest penetration of on-board power inverters followed by the luxury sedan segment. Among LCVs, on-board inverters are most popular in the pickup truck segment.

Competitive vendor landscape

The market for on-board power inverters has numerous players, especially in the aftermarket segment. However, the need for expertise with respect to the vehicle's electrical system and the specification for installation of inverters places the OEM of installed power inverters or inverters being installed by the authorized dealer as the preferred choice among vehicle owners.

“Though the market is fragmented with several players, the direct business wins or contracts of Tier-I players that supply on-board power inverters with OEMs will certainly be the best go-to-market strategy for the rapid penetration as more vehicles get equipped with on-board power inverters,” says Siddharth Jaiswal, a lead automotive electronics analyst from Technavio.

The other prime buying criteria lie upon the regulatory approval for on-board power inverter. Inverters that are certified with safety ratings such as UL 458 are preferred choice and hence the suppliers that work with OEMs of on-board power inverters are mandated to have the products listed by the safety regulatory agency such as UL or Electrical Testing Labs (ETL). This is another key area where the players that work with OEMs can win over the fragmented aftermarket.

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Top seven automotive on-board power inverter market vendors

Lear

Lear is a globally leading supplier of automotive seating and electrical products. Some of the key strategies of the company include expanding component capability in emerging markets, engaging in complementary acquisitions to enhance capabilities, and expanding business in its E-systems and seating offerings category. The company offers its products under three business segments: E-systems, seating, and Lear connexus.

Delta Electronics

Delta operates under three business units: power electronics, energy management and smart green. Among these business units, the company offers automotive related electronics and electricals through energy management business unit. Delta's core automotive business revolves around electric vehicle charging infrastructure, electric motors and power control units.

Delta offers on-board power inverters as an integrated offering within the electric motors and power control unit division of its automotive business. The company provides an end-to end power management and storage devises solutions to OEM.

Calsonic Kansei

Calsonic Kansei is an automotive component manufacturer that specializes in electronics and HVAC systems. Its product portfolio includes:

  • HVAC systems: Within this product line the company offers condensers, evaporators, cabin air filters, compressors and blower vents among others
  • Automotive electronics: Within this product line the company offers HVAC controls, instrument clusters, occupant detection system and other electric components

The company manufacturers on-board power inverter through its automotive electronics division.

Magnum Dimensions

The power inverters are sold under the brand name Magnum Dimensions, which are two different companies called Dimensions Inverters and Magnum Energy that joined Sensata Technologies in 2007 and 2014, respectively.

The company manufactures and sells power inverters that cater to various applications that include automotive, marine, utilities, and renewable energy applications.

Samlex America

Samelx America offers various power conversion products such as AC-DC power supplies, inverters, solar charge controllers, DC-DC voltage converters, and DC-AC power inverters.

The company offers pure sine wave inverters and modified sine wave inverters for applications such as cars, trucks, boat, computers under its DC-AC power inverters product offerings. The products are certified with safety UL standards. These are in almost all the power ranges allowing from running a computer from a car or a truck to kitchen appliances, powering tools, and water and air pumps.

Bestek

The on-board power inverters are offered under the company's power invertor product category. Most of the on-board power inverter from the group are tested by UL. The company offers power inverters in the range of 150 W to 1,000 W.

Stanley

The company manufactures the following products for the automotive industry: wrenches and wrench sets, ratchets, mechanics tool sets, screwdrivers, jump starters and power stations, battery chargers, and power inverters. The company offers on-board power inverters from the range of 120 W to 500 W and 800 W.

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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio has announced the top seven leading vendors in their recent global automotive on-board power inverter market report from 2016-2020.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com