Press release
Automotive DC-DC Converters Market 2021 SWOT Analysis, By Key Players: Continental AG, BorgWarner Inc, Denso Corporation
The Global Automotive DC-DC Converters Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborates market outlook and status (2021-2030). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Automotive DC-DC Converters market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.The global automotive DC-DC converter market is expected to grow from $241.42 million in 2020 to $326.88 million in 2021 at a compound annual growth rate (CAGR) of 35.40%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1,215.38 million in 2025 at a CAGR of 38.86%.
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Top Companies in the Global Automotive DC-DC Converters Market: Continental AG; BorgWarner Inc; Denso Corporation; Valeo; Toyota Industries Corporation; Bosch; Vicor Corporation; TDK-Lambda Corporation; Delta Electronics; HELLA GmbH & Co. KGaA; Hyundai Mobis; Panasonic Corporation; Infineon technologies; Mornsun; Alps
Market Overview
The fluctuations in global automotive production are expected to limit the growth of the automotive DC-DC converter market. For instance, global vehicle production was expected to be 89 million in 2020 but due to the COVID crisis, the production came down to 71 million, which is 20% less. According to the ACEA, in 2019, the production of passenger cars in the European region reduced by 5.2% compared to 2018. The fluctuations in global automotive production result in oversupply or low supply conditions, which has a negative impact on the automotive DC-DC converter market.
In October 2020, BorgWarner, a US-based automotive components and parts supplier, acquired Delphi Technologies, a UK-based manufacturer of combustion systems, electrification products, software, and controls, for a deal amount of $3.3 billion. The acquisition is expected to strengthen BorgWarners electronics and power electronics products, capabilities, and scale. The company, after the acquisition, will offer integrated and standalone offerings for power electronics products including high voltage converters, inverters, onboard chargers, and battery management. Delphi Technologies was founded in the year 2014 and headquartered in London, United Kingdom.
The increase in the adoption of electric vehicles contributed to the growth of the automotive DC-DC converter market. The output of the batteries in an electric vehicle is several hundreds of volts but the components inside the vehicles require different voltages and most of the components run on lower voltage such as air-conditioning and in-built displays. The automotive DC-DC converter turns the high voltage into low voltage or low voltage to high. According to the Global EV Outlook report by IEA, in 2019, the number of electric vehicles across the world was around 7.1 million, and the sales of electric vehicles were around 2.1 million, which is a 6% increase from 2018. The global electric vehicle sales are expected to grow from 2.5 million in 2020 to 11.2 million in 2025 and would reach 31.1 million in 2030. The increase in the adoption of electric vehicles increases the demand for automotive DC-DC converters, driving the automotive DC-DC converter market.
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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