Automotive Board AC DC Power Inverters Market on the Rise [2028]- A Deep Dive into the Growth & Forecast
According to TechSci Research report, “ Automotive Board AC DC Power Inverters Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Automotive Board AC DC Power Inverters Market stood at USD 1.04 Billion in 2022 and is anticipated to grow with a CAGR of 7.39% in the forecast period, 2024-2028. The global automotive board AC DC power inverters market is a critical component of the automotive electronics landscape, experiencing significant growth amid the industry's transition towards electrification. These power inverters serve the essential function of converting direct current (DC) from the vehicle's battery into alternating current (AC), enabling the operation of various electronic systems, especially in electric and hybrid vehicles. Key factors contributing to the market's dynamics include the increasing adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs) globally. Stringen...