Press release
Bidirectional EV Charger Power Module Market Report 2024: Trend Analysis and Future Prospects
The global Bidirectional EV Charger Power Module market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
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https://www.qyresearch.com/reports/2619883/bidirectional-ev-charger-power-module
Bidirectional EV charger power module is the core component of electric vehicle chargers that allow for two-way energy transfer between electric vehicles (EVs) and the grid. Bidirectional EV charger power modules enable electric vehicles to act as mobile energy storage units, both charging from the grid and discharging back to it, facilitating Vehicle-to-Grid (V2G) and Vehicle-to-Home (V2H) applications.
Governments around the world have used subsidies, tax incentives and regulatory mandates to drive the rapid expansion of charging infrastructure in recent years. This has stimulated demand for bi-directional charging power modules as the number of public charging stations with bi-directional charging capabilities has increased. The introduction of advanced semiconductor technologies such as silicon carbide (SiC) and gallium nitride (GaN) has significantly improved the efficiency and power density of these modules, while reducing overall energy losses. These technological advances are expected to reduce the cost of bi-directional charging modules over time. In addition, with the proliferation of Internet of Things (IoT) and smart grid technologies, bi-directional charger power modules are increasingly able to integrate with other energy systems, such as photovoltaic (PV) systems and home energy storage, to optimise energy flows and increase overall efficiency. This versatility allows the modules to adapt to a wider range of applications. As a result, the market for bi-directional power modules for EV chargers is expected to experience significant growth over the next 5 to 10 years.
According to the new market research report "Bidirectional EV Charger Power Module - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Bidirectional EV Charger Power Module market size is projected to reach USD 76.9 million by 2030, at a CAGR of 15.7% during the forecast period.
According to QYResearch Top Players Research Center, the global key manufacturers of Bidirectional EV Charger Power Module include Infypower, UUGreenPower, etc. In 2023, the global top three players had a share approximately 77.0% in terms of revenue.
Market Drivers:
Rapid acceleration in adopting electric vehicles on the road would significantly impact the requirement for electricity network capacity and smart grid technology. With EVs being one of the green modes of transportation noticed by society and the government, the sale of electric vehicles is expected to boom during the forecast period.
Many regions and countries were investing in grid modernization to accommodate a higher share of renewable energy sources. V2G technology was seen as a valuable tool to help integrate intermittent renewables and improve grid stability.
Restraint:
Frequent charging and discharging of EV batterie can accelerate battery degradation. Managing this impact is crucial to protect the longevity of EV batteries and maintain their resale value.
The cost of bidirectional EV chargers, including the necessary hardware and infrastructure for Vehicle-to-Grid (V2G) integration, remains relatively high compared to traditional unidirectional chargers.
Opportunity:
Many governments are encouraging bidirectional charging technology as part of broader sustainability and clean energy goals. For instance, subsidies, grants, and tax incentives for V2G (Vehicle-to-Grid) technology are common in regions like the EU, the US, and Japan. This regulatory push is crucial in driving demand for bidirectional charging systems.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Bidirectional EV Charger Power Module market is segmented as below:
By Company
TELD
UUGreenPower
Infy Power
TonHe
Increase
Sinexcel
Megmeet
Rectifier Technologies
EVTECH
SICON
Segment by Type
30KW and Below
35-50 KW
Above 50KW
Segment by Application
EV Charging Station
E-bus Charging Station
Each chapter of the report provides detailed information for readers to further understand the Bidirectional EV Charger Power Module market:
Chapter 1: Introduces the report scope of the Bidirectional EV Charger Power Module report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Bidirectional EV Charger Power Module manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Bidirectional EV Charger Power Module market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5: Sales, revenue of Bidirectional EV Charger Power Module in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6: Sales, revenue of Bidirectional EV Charger Power Module in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Bidirectional EV Charger Power Module competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Bidirectional EV Charger Power Module comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Bidirectional EV Charger Power Module market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global Bidirectional EV Charger Power Module Market Research Report 2024
Bidirectional EV Charger Power Module - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global and United States Bidirectional EV Charger Power Module Market Report & Forecast 2024-2030
Contact Us:
If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States
E-mail: global@qyresearch.com
Tel: 001-626-842-1666(US) 0086-133 1872 9947(CN)
EN: https://www.qyresearch.com
JP: https://www.qyresearch.co.jp
QYResearch founded in California, USA in 2007. It is a leading global market research and consulting company. With over 17 years' experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let's work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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