DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Automotive On-board Power Inverter Market 2016-2020" report to their offering.
The global automotive on-board power inverter market to grow at a CAGR of 1.17% during the period 2016-2020.
Global Automotive On-Board Power Inverter Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The market size is calculated as per existing vehicle models that are equipped with on-board power inverters as of August 2016.
One of the key trends for market growth will be double digit growth rates of the electric vehicle market. The anticipated rapid growth in electric vehicle sales is likely to drive the market for on-board power inverters even beyond the forecast period. Secondary sources reveal that the electric vehicle sales are likely to grow over 85% in the next 25 years.
According to the report, one of the key drivers for market growth will be assistance in increasing driving time. Across several parts of the globe that include developed nations like the US and developing regions like India have statistics that back the increased time spent driving every day due to growing traffic congestion. As per a secondary source, the time spent by American rush-hour commuters have been cited to increase by 5%-10% when compared with figures between 2014 and 2010.
Further, the report states that the installation has to be done with the necessary specifications such as wire sizing as improper installation may have a detrimental effect on the vehicles' electrical system. This is why the OEM installation or fitment by an authorized dealer is highly recommended. Low awareness levels among users in terms of the load the power inverters can handle is also a challenge felt by vendors operating in this space.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Delta Electronics
- Calsonic Kansei
- Magnum Dimensions
- Samlex America
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by vehicle type
Part 07: Market segmentation by power range
Part 08: Market segmentation by OEM
Part 09: Market segmentation by geography
Part 10: Market drivers
Part 11: Market challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/7dsq75/global_automotive