Originally Published on BusinessWire.com
September 28, 2016 02:23 PM Eastern Daylight Time
LONDON--(BUSINESS WIRE)--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.
Top seven leading vendors in the global automotive on-board power inverter market from 2016-2020.
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.
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.