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%. The growth in the forecast period can be attributed to the expansion of autonomous and connected vehicles, government regulations and incentives for energy-efficient technologies, rising investment in research and development for innovative UPS solutions, enhanced focus on reducing the size and weight of UPS units, and integration of electronics and infotainment systems in vehicles. Major trends in the forecast period include the expansion of autonomous and connected vehicles, government regulations and incentives for energy-efficient technologies, rising investment in research and development for innovative UPS solutions, enhanced focus on reducing the size and weight of UPS units, and integration of electronics and infotainment systems in vehicles.
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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
Increasing demand for electric vehicles is expected to propel the growth of the automotive uninterruptible power supply (UPS) (in-vehicle UPS) market going forward. An electric vehicle (EV) is a car powered by an electric motor using energy stored in batteries, offering a cleaner alternative to traditional internal combustion engine vehicles. There is increasing demand for electric cars due to several factors, such as growing environmental concerns, government incentives for cleaner transportation, advancements in battery technology making electric vehicles more practical, and a desire for energy independence. An automotive uninterruptible power supply (UPS) ensures continuous power delivery in electric vehicles, enhancing reliability and protecting sensitive onboard electronics. For instance, in July 2023, according to the Internal Energy Agency, a France-based autonomous intergovernmental organization, over 2.3 million electric cars were sold in the first quarter of 2023, a 25% increase from the same period in 2022. By the end of 2023, sales are expected to reach 14 million, representing a 35% year-on-year increase, with growth accelerating in the second half of the year. Therefore, increasing demand for electric vehicles is driving the growth of the automotive uninterruptible power supply (UPS) (in-vehicle UPS) market.
Key Industry Players
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
The automotive uninterruptible power supply (ups) (in vehicle ups) market report table of contents includes:
1. Executive Summary
2. Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market Characteristics
3. Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market Trends And Strategies
4. Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market – Macro Economic Scenario
5. Global Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market Size and Growth
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32. Global Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market Competitive Benchmarking
33. Global Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market
35. Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market Future Outlook and Potential Analysis
36. Appendix
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