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The automotive uninterruptible power supply (UPS) market has experienced significant growth in recent years, driven by the increasing adoption of electric vehicles (EVs), rising demand for reliable power backup systems, and advancements in vehicle electronics. Below is an overview of the market’s current status and future outlook.

Market Growth and Projections

• 2023 Market Size: The market was valued at $2.9 billion.
• 2024 Forecast: Expected to grow to $3.1 billion, reflecting a compound annual growth rate (CAGR) of 6%.
• 2028 Projection: The market is projected to reach $4.04 billion, with a CAGR of 6.5%.

Key Growth Drivers

• Electric Vehicles (EVs): The growing EV market is a major driver, as UPS systems are critical for ensuring continuous power delivery and protecting sensitive electronics in vehicles.
• Power Quality Awareness: Rising awareness about the importance of power quality and reliability in automotive applications is fueling demand for advanced UPS systems.
• Vehicle Safety and Reliability: Increased focus on vehicle safety and reliability, particularly in autonomous and connected vehicles, is driving the adoption of UPS systems.

Future Market Dynamics

• Expansion of Autonomous and Connected Vehicles: The integration of UPS systems in autonomous and connected vehicles is expected to drive market growth, as these vehicles require reliable power for their sophisticated electronics.
• Government Regulations: Supportive government regulations and incentives for energy-efficient technologies are further boosting the demand for automotive UPS systems.
• R&D Investments: Growing investments in research and development for innovative UPS solutions, including compact and lightweight units, are anticipated to propel market growth.

Read The Full Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Market Report Here:

https://www.thebusinessresearchcompany.com/report/automotive-uninterruptible-power-supply-ups-in-vehicle-ups-global-market-report

Major Trends

• Silicon Carbide (SiC) MOSFET Technology: The adoption of SiC MOSFET trench technology is a notable trend, offering higher efficiency and lower on-resistance in power switching applications. For instance, Infineon Technologies AG launched the 750V G1 discrete CoolSiC MOSFET family in February 2024, targeting automotive and industrial power applications.
• Infotainment and Electronics Integration: The integration of advanced electronics and infotainment systems in vehicles is driving the need for reliable UPS systems that can support these features without interruption.
• Size and Weight Reduction: There is an ongoing focus on reducing the size and weight of UPS units, making them more suitable for modern vehicles where space and weight are critical factors.

Electric Vehicle Demand as a Market Driver

• Rising EV Sales: The increasing demand for electric vehicles is directly fueling the growth of the automotive UPS market. According to the International Energy Agency, over 2.3 million electric cars were sold in the first quarter of 2023, with sales expected to reach 14 million by the end of the year, marking a 35% year-on-year increase.
• UPS Role in EVs: In electric vehicles, UPS systems are essential for maintaining power to critical systems, especially during unexpected power disruptions, enhancing the vehicle’s overall reliability.

Key Market Players

Prominent companies in the automotive UPS market include:

• Siemens AG
• General Electric Company
• Panasonic Corporation
• Schneider Electric
• ABB Ltd
• Fujitsu Limited
• Toshiba Corporation
• Johnson Controls
• Eaton Corporation
• Delta Electronics

These companies are focusing on technological innovations and strategic acquisitions to enhance their product portfolios and maintain a competitive edge in the market.

Strategic Acquisitions

• Eaton’s Acquisition of Tripp Lite: In March 2021, Eaton Corporation acquired Tripp Lite to expand its range of edge computing and distributed IT products, bolstering its single-phase UPS business, which is crucial for automotive applications.

Market Segmentation

• By Power Supply: Static, Dynamic, Hybrid
• By Input Power Range: High Voltage (More Than 48V), Mid Voltage (9V To 48V), Low Voltage (Up To 9V)
• By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles

Regional Insights

• Asia-Pacific: The largest market for automotive UPS in 2023, with expectations of continued dominance due to the rapid growth in the electric vehicle sector and increasing adoption of advanced automotive technologies.

The automotive UPS market is poised for strong growth, driven by the rising demand for electric vehicles, advancements in autonomous and connected vehicle technologies, and the need for reliable power solutions in modern vehicles. Major players are investing in innovative technologies and strategic acquisitions to strengthen their market positions, while regional growth, particularly in Asia-Pacific, is expected to contribute significantly to the market’s expansion.

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The Automotive Uninterruptible Power Supply (UPS) (In Vehicle UPS) Global Market Report 2024  provides an overview of the automotive uninterruptible power supply (UPS) (In Vehicle UPS) market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive uninterruptible power supply (UPS) (In Vehicle UPS) market forecast analyzes automotive uninterruptible power supply (UPS) (In Vehicle UPS) market size, automotive uninterruptible power supply (UPS) (In Vehicle UPS) market share, leading competitor and their market positions.

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