PUBLISHER: The Business Research Company | PRODUCT CODE: 1539616
PUBLISHER: The Business Research Company | PRODUCT CODE: 1539616
An automotive uninterruptible power supply (UPS), or in-vehicle UPS, is a backup power system designed to provide continuous electricity to essential electronic systems in vehicles during power interruptions or failures. It ensures a stable and reliable power supply, safeguarding sensitive automotive electronics from power surges, fluctuations, and outages, thereby enhancing vehicle safety and performance.
The main types of automotive uninterruptible power supply (UPS) are static, dynamic, and hybrid. Static UPS systems provide consistent power without movement or change in condition. These systems operate across a range of input power voltages, including high voltage (above 48V), mid voltage (9V to 48V), and low voltage (up to 9V), and are employed in various vehicle types such as passenger cars, light commercial vehicles, heavy commercial vehicles, and electric vehicles.
The automotive uninterruptible power supply (UPS) (in vehicle UPS) market research report is one of a series of new reports from The Business Research Company that provides automotive uninterruptible power supply (UPS) (in vehicle UPS) market statistics, including automotive uninterruptible power supply (UPS) (in vehicle UPS) industry global market size, regional shares, competitors with a automotive uninterruptible power supply (UPS) (in vehicle UPS) market share, detailed automotive uninterruptible power supply (UPS) (in vehicle UPS) market segments, market trends and opportunities, and any further data you may need to thrive in the automotive uninterruptible power supply (UPS) (in vehicle UPS) industry. This automotive uninterruptible power supply (UPS) (in vehicle UPS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive uninterruptible power supply (UPS) (in vehicle UPS) market size has grown strongly in recent years. It will grow from $2.9 billion in 2023 to $3.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.%. During the historic period, growth can be attributed to several factors including increasing demand for reliable backup power in automotive applications, the expansion of the electric vehicle (EV) market, growing adoption of EVs and hybrid vehicles, rising awareness about power quality and reliability issues, and an increasing focus on enhancing vehicle safety and reliability.
The automotive uninterruptible power supply (UPS) (in vehicle UPS) market size is expected to see strong growth in the next few years. It will grow to $4.04 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. In the forecast period, growth can be attributed to several factors including the expansion of autonomous and connected vehicles, government regulations and incentives promoting energy-efficient technologies, increased investment in research and development for advanced UPS solutions, heightened focus on minimizing the size and weight of UPS units, and the integration of electronics and infotainment systems within vehicles. Key trends anticipated in this period include the continued expansion of autonomous and connected vehicle technologies, ongoing government support for energy-efficient solutions, robust investments in innovative UPS developments, efforts to optimize UPS size and weight, and the deepening integration of electronic systems and infotainment features in automotive environments.
The automotive uninterruptible power supply (UPS) market, specifically for in-vehicle UPS, is poised for growth driven by increasing demand for electric vehicles (EVs). Electric vehicles utilize electric motors powered by batteries, offering a cleaner alternative to traditional internal combustion engine vehicles. The surge in electric car adoption is fueled by environmental concerns, government incentives promoting cleaner transportation, advancements in battery technology enhancing EV practicality, and a desire for energy independence. Automotive UPS systems ensure continuous power delivery in EVs, improving reliability and safeguarding sensitive onboard electronics. For example, the International Energy Agency reported in July 2023 that sales of electric cars surpassed 2.3 million in the first quarter of 2023, marking a 25% increase from the same period in 2022. Sales are projected to reach 14 million by the end of 2023, reflecting a 35% year-on-year rise, with accelerated growth anticipated in the latter half of the year. Thus, the growing demand for electric vehicles is a key driver behind the expansion of the automotive uninterruptible power supply (UPS) market.
Leading companies in the automotive UPS market are focusing on technological advancements to gain competitive edge, such as silicon carbide (SiC) MOSFET trench technology. This technology involves creating vertical trenches in the SiC substrate to achieve lower on-resistance and higher efficiency in power switching applications. For instance, Infineon Technologies AG, a Germany-based semiconductor manufacturer, introduced the 750V G1 discrete CoolSiC MOSFET family in February 2024. This product line, tailored for industrial and automotive power applications, includes both industrial-grade and automotive-grade SiC MOSFETs optimized for various power topologies. These include totem-pole PFC, T-type, LLC/CLLC, dual active bridge (DAB), HERIC, buck/boost, and phase-shifted full bridge (PSFB).
In March 2021, Eaton Corporation plc, headquartered in Ireland and specializing in power management, acquired Tripp Lite to bolster its single-phase uninterruptible power supply (UPS) business and expand its range of edge computing and distributed IT products. Tripp Lite, based in the US, is renowned for providing automotive uninterruptible power supply solutions.
Major companies operating in the automotive uninterruptible power supply (UPS) (in-vehicle UPS) market are 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
Asia-Pacific was the largest region in the automotive uninterruptible power supply (UPS) (in-vehicle UPS) market in 2023. The regions covered in the automotive uninterruptible power supply (UPS) (in-vehicle UPS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries 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.
The automotive uninterruptible power supply (UPS) (in-vehicle UPS) market consists of sales of pure sine wave UPS, line-interactive UPS, and recreational vehicle (RV) UPS. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive uninterruptible power supply (UPS) (in vehicle UPS) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive uninterruptible power supply (UPS) (in vehicle UPS) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive uninterruptible power supply (UPS) (in vehicle UPS) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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