Global Automotive Uninterruptible Power Supply UPS In Vehicle UPS Market Share Analysis 2024, Forecast To 2033
20 Sep, 2024
The automotive uninterruptible power supply (UPS) market has shown strong growth, rising from $2.9 billion in 2023 to $3.1 billion in 2024, achieving a CAGR of 6%. This increase is driven by the demand for reliable backup power and the growth of electric and hybrid vehicles. The market is expected to reach $4.04 billion by 2028 at a CAGR of 6.5%, supported by the rise of autonomous vehicles and energy-efficient technologies. Notable trends include the development of compact UPS solutions and integration with infotainment systems.
Major Driver In The Automotive Uninterruptible Power Supply UPS In Vehicle UPS Market
The automotive uninterruptible power supply (UPS) market is projected to grow in tandem with the increasing demand for electric vehicles. These vehicles present a cleaner alternative to traditional ones and rely heavily on battery technology. The International Energy Agency reported over 2.3 million electric cars sold in Q1 2023, a 25% increase from 2022, with total sales expected to reach 14 million by year-end. This surge in demand is set to drive the automotive UPS market's expansion.
Request A Free Sample Of The Automotive Uninterruptible Power Supply UPS In Vehicle UPS Market ReportAutomotive Uninterruptible Power Supply UPS In Vehicle UPS Market Competitive Landscape
Siemens AG, General Electric Company, Panasonic Corporation, Schneider Electric, ABB Ltd, Fujitsu Limited, Toshiba Corporation, Johnson Controls, Eaton Corporation, Delta Electronics, Phoenix Contact, Socomec Group, Newmar Corporation, Benning Power Electronics, Puls Power, Power Sonic Corporation, HBL Power Systems, Acumentrics, EnerDel, Ametek Solidstate Controls, Riello UPS
Key Automotive Uninterruptible Power Supply UPS In Vehicle UPS Market Trend
The automotive uninterruptible power supply (UPS) market is witnessing advancements in silicon carbide (SiC) MOSFET trench technology to enhance efficiency. In February 2024, Infineon Technologies AG, a German semiconductor manufacturer, launched the 750V G1 discrete CoolSiC MOSFET family. These innovative products are designed for high efficiency and power density in industrial and automotive applications, meeting the increasing demands for reliability and performance in automotive electrical systems.
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Automotive Uninterruptible Power Supply UPS In Vehicle UPS Market Segmentation
The automotive uninterruptible power supply (UPS) (In Vehicle UPS) market covered in this report is segmented –
1) By Power Supply: Static, Dynamic, Hybrid
2) By Input Power Range: High Voltage (More Than 48V), Mid Voltage(9V To 48V), Low Voltage (Up To 9V)
3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles
By Geography:The regions covered in the automotive uninterruptible power supply (UPS) (in-vehicle UPS) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the automotive uninterruptible power supply (UPS) (in-vehicle UPS) market in 2023.
The Automotive Uninterruptible Power Supply UPS In Vehicle UPS Global Market Report 2024 furnishes information about the global automotive uninterruptible power supply ups in vehicle ups market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.