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Automotive On-Board Power Inverter Market to Grow by USD 162.2 Million from 2024-2028, Driven by Rising Adoption of PLCs in Industries Market Evolution Powered by AI – Technavio

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NEW YORK, Oct. 10, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global Automotive On-Board Power Inverter Market  size is estimated to grow by USD 162.2 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 4.28%  during the forecast period. Increasing adoption of programmable logic controllers (PLCs) in industries is driving market growth, with a trend towards emergence of digitalization and industry 4.0 . However, cybersecurity concerns related to industrial relays  poses a challenge – Key market players include Ampeak, BESTEK, Cobra Electronics Corporation and Escort Inc., COTEK Electronic Ind. Co. Ltd., DAS Companies Inc., ERAYAK, Hitachi Ltd., Koninklijke Philips N.V., Lear Corp., Marelli Holdings Co. Ltd., ON Semiconductor Corp., Robert Bosch GmbH, Samlex America Inc., Schumacher Electric Corp., Sensata Technologies Inc., Stanley Black and Decker Inc., STMicroelectronics International N.V., Sungrow Power Supply Co. Ltd., Toyota Industries Corp., and VisIC Technologies Inc..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Passenger cars and LCVs), Type (Up to 150W and More than 150W), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

Ampeak, BESTEK, Cobra Electronics Corporation and Escort Inc., COTEK Electronic Ind. Co. Ltd., DAS Companies Inc., ERAYAK, Hitachi Ltd., Koninklijke Philips N.V., Lear Corp., Marelli Holdings Co. Ltd., ON Semiconductor Corp., Robert Bosch GmbH, Samlex America Inc., Schumacher Electric Corp., Sensata Technologies Inc., Stanley Black and Decker Inc., STMicroelectronics International N.V., Sungrow Power Supply Co. Ltd., Toyota Industries Corp., and VisIC Technologies Inc.

Key Market Trends Fueling Growth

The automotive on-board power inverter market is driven by the increasing use of electronic devices in vehicles. Most automotive Original Equipment Manufacturers (OEMs) offer modified sinewave inverters due to cost considerations and user preference. These inverters can power personal devices like smartphones, tablets, and laptops. However, they are not suitable for complex medical equipment or devices that require a pure sine wave input. Pure sinewave inverters, though more expensive, produce less noise and can power a wider range of devices. As the demand for more advanced in-vehicle electronics grows, particularly in Light Commercial Vehicles (LCVs) and some SUVs, the market for pure sinewave inverters is expected to expand. This shift towards pure sinewave inverters will contribute to the growth of the global automotive on-board power inverter market during the forecast period. 

The Automotive On-Board Power Inverter market is witnessing significant trends in the transportation sector, particularly in mass transportation, sustainable mobility, and solar technologies. Materials innovation is key, with a focus on improving the efficiency of solar electric automobiles and battery electric vehicles (BEVs) and hybrid vehicles through the adoption of advanced semiconductors like wide-bandgap materials such as silicon carbide and gallium nitride. Efficiency improvements are also being made through power output electronics and charging infrastructure. Solar panels on vehicles are becoming more common, offering self-sufficiency and longer driving ranges. The market is also seeing the adoption of electrical devices in vehicles, from mobile phone chargers and laptops to air conditioning and heating systems. Government regulations are driving the market, with a focus on reducing emissions and increasing sustainability. Common configurations include 120V AC power, which can be supplied through a standard paint job with integrated solar panels or through a charging infrastructure. The inverter device converts DC power from the battery into AC power for use in the vehicle. Heat removal systems, such as air-cooled and forced ventilation systems, are important considerations for the market. Automotive Inverter Materials like silicon are used in the production of these systems. The market is expected to continue growing as the trend towards electrification and sustainable mobility continues. 

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Market Challenges

•         The installation and usage of automotive on-board power inverters are crucial aspects that require careful consideration. Improper installation or use of inappropriate devices can negatively impact a vehicle’s electrical system. Moreover, power vary among different inverters, and using unsuitable devices based on the on-board power rating may lead to system malfunctions. This can result in user dissatisfaction and hinder the growth of the global automotive on-board power inverter market. To mitigate these challenges, automotive OEMs must educate users about the recommended devices and provide training on system functionalities at the dealer level. By ensuring customer confidence in the reliability and safety of these systems, the market can overcome resistance and thrive during the forecast period.

•         The Automotive On-Board Power Inverter Market is witnessing significant growth due to the increasing adoption of electrical devices in vehicles. Devices like mobile phone chargers and laptops require DC power, which can be converted from AC power using inverters. Common configurations include cigarette lighter sockets, fuse panels, and 12V accessory sockets. However, challenges such as space constraints and regulations related to fuel efficiency requirement and greenhouse gas emission are hindering market growth. OEMs in the automobile sector are focusing on the demand for electric vehicles (EVs) and connected-vehicle services. High power output and high efficiency are crucial for EVs, making inverters an essential component. The market is expected to reach Terawatt capacity, driven by the adoption of renewable energy sources like solar capacity and lithium-ion batteries. Tesla, a key player, offers Powerwall and Powerpack solutions with high power output and AC frequency. The market’s future lies in the zero carbon approach, with a focus on motor torque, speed, and power density.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This automotive on-board power inverter market report extensively covers market segmentation by

Application 1.1 Passenger cars1.2 LCVsType 2.1 Up to 150W2.2 More than 150WGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Passenger cars-  The Automotive On-Board Power Inverter market is experiencing significant growth due to increasing demand for electrical systems in vehicles. These inverters convert DC battery power into AC power, enabling the use of various electrical appliances in cars. Major automakers are investing in this technology to offer more comfort and convenience to consumers. The market is expected to expand at a steady pace, driven by rising sales of electric and hybrid vehicles.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Automotive On-Board Power Inverter Market refers to the use of inverters in vehicles to convert DC power from the battery into AC power for various applications. Inverters are essential devices for powering electrical appliances such as mobile phone chargers, laptops, and even 120V AC power outlets in contemporary automobiles. Common configurations include those integrated with the fuse panel or cigarette lighter. Inverters work by converting DC power from the battery into AC power with a desired frequency and power output. High output density is crucial due to space constraints in vehicles. Regulations and fuel efficiency requirements, as well as the need to reduce greenhouse gas emissions, are driving the demand for more efficient inverters. Inverters are also used in electric vehicles to control the motor’s speed and torque. Solar capacity is another growing application area for automotive on-board power inverters.

Market Research Overview

The Automotive On-Board Power Inverter Market refers to the use of inverters in vehicles to convert DC power from batteries to AC power for various applications such as mobile phone chargers, laptops, and connected-vehicle services. Inverters are essential devices in contemporary automobiles, enabling the use of AC power in vehicles with DC power supplies. Common configurations include those found in fuse panels, 120V AC power outlets, and 12V accessory sockets. The adoption of electrical systems in vehicles, including the use of handheld devices and connected-vehicle services, is driving the demand for on-board power inverters. The demand is particularly high in electric and hybrid vehicles, which require inverters to convert DC power from batteries to AC power for motor control and other applications. Environmental concerns, including the reduction of CO2 emissions and greenhouse gas emissions, are also driving the growth of the automotive inverter market. Renewable energy sources, such as solar capacity, are being integrated into vehicles to increase self-sufficiency and reduce reliance on fossil fuels. Materials innovation, including the use of wide-bandgap semiconductors such as silicon carbide and gallium nitride, is leading to efficiency improvements and higher power output electronics. Charging infrastructure and government regulations are also key factors influencing the market. Automotive inverters are used in various applications, including motor control, torque conversion, and speed control. They come in different power output levels, with high output density inverters being used in electric vehicles and solar electric automobiles. Heat removal systems, such as air-cooled and forced ventilation systems, are essential for the efficient operation of on-board power inverters.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationPassenger CarsLCVsTypeUp To 150WMore Than 150WGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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KuCoin Marks Ninth Anniversary at Tomorrowland Belgium, Honoring Nine Years of Industry Progress Beyond the Signal

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PROVIDENCIALES, Turks and Caicos Islands, July 26, 2026 /PRNewswire/ — On the day of its ninth anniversary, KuCoin welcomed global partners, institutional clients, ecosystem builders and media representatives to the “On Cloud 9 Skybox Experience,” an exclusive celebration at the Tomorrowland Belgium Skybox. Overlooking Tomorrowland’s iconic Mainstage, guests gathered throughout an unforgettable evening as world-renowned artists including Nicky Romero, Alok, Steve Angello and Hardwell delivered performances that brought together people from around the world. Against this backdrop of music, culture and global connection, KuCoin celebrated not only its own nine-year journey, but also the remarkable progress the digital asset industry has achieved together.

The experience formed part of KuCoin’s broader ninth-anniversary campaign, “Beyond the Signal,” reflecting the company’s belief that the industry’s future will be shaped not by short-term market movements alone, but by the trust, innovation and infrastructure that enable lasting progress. Bringing this vision to life in an elevated festival setting, the evening offered guests an opportunity to reflect on nine years of shared growth, collaboration and resilience, while looking ahead together to the next chapter of digital assets.

Against the backdrop of Tomorrowland’s iconic Mainstage, the exclusive Skybox experience with signature champagne rituals brought KuCoin and its guests together to reflect on and celebrate the milestones that have shaped its nine-year journey. From expanding access to digital assets and navigating multiple market cycles to strengthening security and compliance, supporting institutional participation, and advancing innovation across payments, AI and Web3, these milestones also reflected the broader evolution of the digital asset industry toward greater maturity.

The moment celebrated not only how far KuCoin has come, but also the progress the industry has made together. Over the past nine years, markets have risen and fallen, and technologies have continued to evolve. Yet lasting progress has always been driven by the builders, developers, partners and communities working together to create enduring value. That is the idea behind Beyond the Signal.

“Ninth anniversaries are often measured in years. We prefer to measure ours in trust,” said BC Wong, CEO of KuCoin. “The greatest achievement of the past nine years has not been our growth alone, but the confidence our users, partners and community have continued to place in us. Trust is the infrastructure that enables innovation, adoption and long-term progress. As we enter our next decade, we remain committed to building secure, compliant and trusted digital asset infrastructure together with our partners worldwide.”

The celebration also highlighted KuCoin’s expanding partnership with Tomorrowland as the festival’s Exclusive Crypto Exchange and Payments Partner for Tomorrowland Winter and Tomorrowland Belgium 2026–2028. Bringing together one of the world’s most influential cultural events with trusted digital infrastructure, the partnership reflects a shared vision of connecting people across borders and creating meaningful real-world experiences through technology, payments and community. For KuCoin, Tomorrowland is more than a global music festival—it represents the openness, diversity and global community that have always been at the heart of crypto.

Nine years ago, KuCoin set out to make digital assets accessible to more people around the world. Today, its mission has evolved beyond access to helping build the trusted infrastructure that will support the future of digital finance. Beyond music, beyond the celebration and beyond the signal, KuCoin’s ninth anniversary was not only a milestone for the company, but a celebration of how far the industry has come together—and a commitment to building what comes next.

About KuCoin

Founded in 2017, KuCoin is a leading global crypto platform built on trust and security, serving over 45 million users across 200+ countries and regions. Known for its reliability and user-first approach, the platform combines advanced technology, deep liquidity, and strong security safeguards to deliver a seamless trading experience. KuCoin provides access to 1,500+ digital assets through a broad product suite and remains committed to building transparent, compliant, and user-centric digital asset infrastructure for the future of finance, backed by SOC 2 Type II, ISO/IEC 27001:2022, and ISO/IEC 27701:2019 Certifications. In recent years, we have built a strong global compliance foundation, marked by key milestones including AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets.

Learn more at www.kucoin.com.

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SOURCE KuCoin

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2026 World Internet Conference Digital Silk Road Development Forum Opens in Xi’an, Shaanxi Province

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XI’AN, China, July 26, 2026 /PRNewswire/ — A news report from CRI Online:

On July 22, the 2026 World Internet Conference (WIC) Digital Silk Road Development Forum officially opened in Xi’an, Shaanxi Province. Hosted by the WIC and organized by the Shaanxi Provincial Government, the forum was held under the theme “Pooling Intelligence on the Silk Road, Embarking on a Digital Future — Jointly Building a Community with a Shared Future in Cyberspace”. Approximately 800 participants from more than 50 countries and regions, as well as seven international organizations, attended the event.

Mayra Arevich Marín, Minister of Communications of Cuba; Faqir Mahbub Anam, Minister of Posts, Telecommunication & Information Technology and Minister of Science and Technology of Bangladesh; Samba Diouf, Minister of Telecommunications and Digital Affairs of Senegal; Wang Binying, Deputy Director General of the World Intellectual Property Organization (WIPO); John Higgins, President of the International AI Governance Association (IAGA); and Wang Xingxing, Founder and CEO of Unitree Robotics, attended the opening ceremony and delivered speeches.

Following the opening ceremony, a ministerial meeting was held. Thematic forums were convened focusing on Silk Road e-commerce cooperation and development, collaborative innovation and development of AI agents, digital and intelligent health, and the preservation and transmission of cultural heritage in the digital intelligence era. These discussions aimed to help Belt and Road partner countries strengthen consensus, deepen cooperation, and seize new opportunities brought by digital and intelligent development. During the forum, the World Internet Conference Cultural Heritage Digitalization Case Collection (2026) was released. A series of capacity-building activities under the WIC Digital & AI Academy were also held, including a capacity building program on AI-driven digital trade, a salon on “Copyright Empowerment in Cultural Heritage Digitalization”, and a field study at a digital port.

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SOURCE CRI Online

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Tesla Owns Nearly 1 in 5 AI Answers About EVs. New 5W Index Ranks the Top 25 EV Brands by AI Citation Share.

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EV charging networks — Electrify America, EVgo, ChargePoint — are nearly invisible inside AI answers despite operating the infrastructure the entire category depends on.

MIAMI, July 25, 2026 /PRNewswire/ — 5W AI Communications, the AI Communications Firm, today released the 5W AI Visibility Index — EV, ranking the top 25 EV brands by modeled AI citation share across ChatGPT, Claude, Perplexity, Gemini, and Google AI Overviews. Tesla anchors the category at 18.4% — more than the next three brands combined. Rivian is second at 8.2%. Ford is third at 6.4%.

The Index is Volume 07 in 5W’s 2026 Consumer AI Visibility Index series. The full report is available at https://www.5wpr.com/research/ev-ai-visibility-index/.

More than a third of U.S. consumers now begin product research with an AI engine — not Google. For the EV category — where purchase consideration windows stretch six to twelve months and buyers cross-reference range, charging, ownership cost, and long-term reliability across dozens of sources — the answers the engines return are shaping the shortlist before a buyer walks into a dealership.

The Findings

Tesla dominates at 18.4% citation share — cited on virtually every consumer EV query across all five engines. Brand, product, and CEO overlap produce a citation profile no peer can match.Rivian (8.2%) is the dominant adventure-EV authority. The R1T and R1S anchor truck and SUV electric citation.Ford (6.4%) leads legacy automakers. The F-150 Lightning owns EV-truck queries; the Mach-E anchors EV-SUV comparisons.Lucid (4.8%) and Hyundai Ioniq (4.4%) complete the Tier 1 leaders. The Ioniq 5 and Ioniq 6 over-index against U.S. brand recognition.GM sits at #6 with 3.8% — despite scale — because Bolt, Lyriq, and Hummer EV are cited separately rather than as one GM-EV narrative. Ford consolidated its story. GM did not.Toyota (#17) and Honda (#18) are the two largest legacy automakers furthest behind in EV citation. The bZ4X, Solterra, and Prologue cite at rates far below what brand recognition would predict.EV charging networks are absent from the top 25. Electrify America, EVgo, and ChargePoint operate the infrastructure the entire category depends on — and have not built consumer-facing brand citation to match. The category is open.

“Every EV buyer starts inside a chatbox now. Tesla owns nearly one in five answers. The next three brands combined don’t match it. That’s a citation moat measured in AI — not TV budgets, not showroom count,” said Ronn Torossian, Founder and Chairman, 5W AI Communications. “GM is bigger than Rivian by every commercial metric and half its size in the answer. That gap costs sales. The charging networks are the biggest miss in the category — whoever builds the dominant ‘where should I charge’ answer anchors a multi-decade growth curve. Right now, none of them own it.”

The Five Engines Do Not Return Identical Answers

ChatGPT: Tesla, Rivian, Lucid, Ford, Hyundai dominate. Conservative and brand-anchored.Claude: Recurrent and CleanTechnica over-index. Data-source preference. Lighter on enthusiast brands.Perplexity: Reddit EV subreddits dominant. Out of Spec YouTube data heavily cited. Freshness-favored.Google AI Overviews: Tesla, InsideEVs, Edmunds, Kelley Blue Book dominate. Closest to a SERP-mirror.Gemini: YouTube EV creators dominate — Out of Spec, Munro Live, MKBHD at the highest rates.

Engine-aware strategy matters. A brand absent from one engine but present in another needs a different program than a brand absent across the board.

Methodology
Modeled directional estimates derived from publicly available data, observed retrieval patterns, structural signals, and the corresponding Everything-PR Citation Share Study — EV (Issue No. 07). Twenty-five brands, five engines, sixty-plus consumer-prompt query patterns. Not the output of logged query runs across millions of prompts. Intended as a strategic framework — not a definitive search-engine measurement.

The dominant outlets shaping EV citation are InsideEVs, Electrek, Recurrent, Edmunds EV, Car and Driver EV, CleanTechnica, and the Reddit-and-YouTube creator layer. Brand citation share is built primarily through presence inside that specific outlet set — and through Recurrent battery-data partnership for used-EV citation.

About 5W AI Communications
5W is the AI Communications Firm, building brand authority across the platforms where decisions now happen — ChatGPT, Claude, Perplexity, Gemini, and Google AI Overviews — alongside earned media, digital, and influencer channels. 5W combines public relations, digital marketing, Generative Engine Optimization (GEO), and proprietary AI visibility research to help clients measure and grow their presence in AI-driven buyer research. Founded in 2003, 5W is recognized as a Top U.S. PR Agency by O’Dwyer’s, named Agency of the Year in the American Business Awards®, honored as a 2026 Top Place to Work in Communications by Ragan, and named to Digiday’s WorkLife Employer of the Year list. 5W serves clients across B2C sectors — Beauty & Fashion, Consumer Brands, Entertainment, Food & Beverage, Health & Wellness, Travel & Hospitality, Technology, and Nonprofit — and B2B specialties including Corporate Communications, Reputation Management, Public Affairs, Crisis Communications, and Digital Marketing across Social, Influencer, Paid Media, GEO, and SEO. Learn more at 5wpr.com.

Media Contact
press@5wpr.com

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SOURCE 5W Public Relations

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