Press release
Driving Forces Behind The EV Charger Converter Module Market Growth: A Key Factor Shaping the Future of the Electric Vehicle (EV) Charger Converter Module Market in 2025
Electric Vehicle (EV) Charger Converter Module Market Share
A growing demand for charging infrastructure is anticipated to foster growth in the electric vehicle (EV) charger converter module market. Charging infrastructure refers to the network of charging stations and equipment that support EV charging. This demand is driven by the rise in EV adoption, government incentives, technological advancements, and increased environmental consciousness. EV charger converter modules are essential in converting power for charging stations. According to the Edison Electric Institute, the number of EVs on U.S. roads is expected to rise from 2.4 million in 2021 to 26.4 million by 2030, necessitating around 12.9 million charging ports. As such, the increasing need for charging infrastructure is expected to fuel the electric vehicle charger converter module market.
Get Your Electric Vehicle (EV) Charger Converter Module Market Report Here:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-ev-charger-converter-module-global-market-report
What is the future CAGR of the electric vehicle (ev) charger converter module market, and how will it impact industry expansion?
The electric vehicle (EV) charger converter module market size has grown significantly in recent years. It will expand from $3.68 billion in 2024 to $4.54 billion in 2025, at a CAGR of 23.3%. This growth is driven by the increasing demand for electric vehicles, the expansion of charging infrastructure, government incentives and policies, rising consumer awareness of environmental sustainability, and the growing network of charging stations.
The electric vehicle (EV) charger converter module market is set to grow to $10.4 billion by 2029 with a CAGR of 23.0%. The growth is attributed to better EV batteries, the expansion of fast-charging networks, increased renewable energy investments, growing electric vehicle sales, and more commercial EV fleets. Trends include vehicle adoption, innovations in power semiconductors, use of silicon carbide (SiC) technology, smart grid integration, and intelligent charging solutions.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16669&type=smp
What are the most significant trends transforming the electric vehicle (ev) charger converter module market today?
Companies in the EV charger converter module market are advancing technologies such as power semiconductor modules to improve EV charging systems. Power semiconductor modules efficiently manage electrical energy in high-power applications. In May 2022, Hitachi Energy, a Switzerland-based energy management company, launched RoadPak, a power semiconductor module using silicon carbide (SiC) technology to enable faster charging and higher energy efficiency for electric vehicles. The module is designed for electric cars, heavy-duty trucks, and high-performance vehicles, ensuring sustainable transportation and better grid integration.
Which key market segments comprise the electric vehicle (ev) charger converter module market and drive its revenue growth?
The electric vehicle (EV) charger converter module market covered in this report is segmented -
1) By Product Type: Direct Current to Direct Current Converter (DC/DC), Alternating Current to Direct Current Converter (AC/DC)
2) By Power Rating: 30 to 60 kW, 60 to 120 kW, 120 to 240 kW, 240 to 400 kW
3) By End-user: Residential, Commercial, Public
Subsegments:
1) By Direct Current To Direct Current Converter (DC/DC): On-Board DC/DC Converters, Off-Board DC/DC Converters, High-Power DC/DC Converters For Fast Charging, Low-Power DC/DC Converters For Auxiliary Systems
2) By Alternating Current to Direct Current Converter (AC/DC): Level 1 AC/DC Converters (Slow Charging), Level 2 AC/DC Converters (Residential and Commercial Use), Level 3 AC/DC Converters (Fast Charging), Bidirectional AC/DC Converters (for Vehicle-to-Grid Applications)
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16669
What regions are at the forefront of electric vehicle (ev) charger converter module market expansion?
Asia-Pacific was the largest region in the electric vehicle (EV) charger converter module market in 2024. The regions covered in the electric vehicle (EV) charger converter module market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the electric vehicle (ev) charger converter module market?
Major companies operating in the electric vehicle (EV) charger converter module market are Robert Bosch GmbH, Siemens AG, Denso Corporation, Schneider Electric SE, ABB Ltd., Toyota Industries Corporation, Eaton Corporation, TE Connectivity Ltd., TDK Corporation, Infineon Technologies AG, Delta Electronics Inc., BorgWarner Inc., PHOENIX Contact GmbH & Co. KG, Bharat Heavy Electricals Limited, Leviton Manufacturing Co. Inc., Vicor Corporation, Kempower Oy, Tritium Pty Ltd, Axiom Energy Conversion Pvt. Ltd., IES Synergy, BRUSA Elektronik AG, Nuteck Power Solutions Private Limited, Mida EV Power Co. Ltd., Dana TM4 Inc., Mass-Tech Controls Pvt. Ltd.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=16669&type=smp
What Is Covered In The Electric Vehicle (EV) Charger Converter Module Global Market Report?
•Market Size Forecast: Examine the electric vehicle (ev) charger converter module market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the electric vehicle (ev) charger converter module market for a structured understanding.
•Key Players Overview: Analyze major players in the electric vehicle (ev) charger converter module market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electric vehicle (ev) charger converter module market.
•Segment Contributions: Evaluate how different segments drive overall growth in the electric vehicle (ev) charger converter module market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electric vehicle (ev) charger converter module market.
•Industry Challenges: Identify potential risks and obstacles affecting the electric vehicle (ev) charger converter module market.
•Competitive Landscape: Review strategic developments in the electric vehicle (ev) charger converter module market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Driving Forces Behind The EV Charger Converter Module Market Growth: A Key Factor Shaping the Future of the Electric Vehicle (EV) Charger Converter Module Market in 2025 here
News-ID: 3924581 • Views: …
More Releases from The Business Research Company
2025-2034 Superconducting Quantum Chip Market Outlook: Key Drivers, Emerging Cha …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Superconducting Quantum Chip Market Through 2025?
The market size of superconducting quantum chips has shown a swift expansion in the past few years. It's forecasted to surge from a value of $0.74 billion in 2024, reaching $0.87 billion in 2025, with a…
What Is Driving Global Responsible AI Governance Consulting Market Growth in 202 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Responsible AI Governance Consulting Market Size By 2025?
The market size for responsible AI governance consulting has seen substantial growth recently. Projections show it will expand from $0.29 billion in 2024 to $0.43 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 49.0%.…
Expansion Of Industrial Fleets Fueling The Growth Of The Market Due To Rising E- …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Material Handling Equipment Telematics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the size of the telematics market for material handling equipment has experienced swift growth. The market is projected to increase from $5.42 billion in 2024 to $6.14 billion in 2025,…
Higher Educational Professional Audio-Visual (Pro AV) Market Poised to Hit $5.68 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Higher Educational Professional Audio-Visual (Pro AV) Industry Market Size Be by 2025?
The market size for professional audio-visual (pro av) in the higher education sector has seen robust growth in the past few years. The market is projected to increase from a value of $3.54 billion…
More Releases for Converter
Converter Defender: The Ultimate Catalytic Converter Protection Alarm System
Introducing Converter Defender: The Ultimate Catalytic Converter Protection Alarm System
Today, we are proud to announce the launch of Converter Defender, the cutting-edge catalytic converter protection alarm system designed to safeguard your vehicle's exhaust system against tampering and theft. With its state-of-the-art technology and unmatched functionality, Converter Defender provides vehicle owners with the peace of mind they deserve.
Catalytic converter theft has become an alarming issue in recent years, leaving vehicle owners…
Frequency Converter Market
Frequency Converter Global Market – Overview
A frequency converter is an electronic or electromechanical device that converts the frequency of alternating current according to the requirement of the appliance connected. It is used to manage the speed of a pump with frequency inverter. Furthermore, these converters can minimize the electrical and mechanical stress. A frequency converter plays an important role, in extending the durability of the motors, pumps and other equipment.…
Global Digital-analog Converters Market Survey 2018: Key Players- Pipeline Digit …
Digital-analog Converters Market Overview:
The research report on Global Digital-analog Converters Market presents the readers with market overview and definitions, segmentation, applications, raw materials used, product specifications, cost structures, manufacturing processes, and so on. The report analyzes the global market scenario, including the product pricing, production and consumption volume, cost, price, value, volume, capacity, supply, demand, market growth rate, and forecasts till 2025.
This report presents the worldwide Digital-analog Converters market size (value,…
Catalytic Converter
A catalytic converter is a mechanical device, which makes use of a catalyst in order to convert three most harmful elements present in a car exhaust into harmless elements. The three harmful elements being – carbon monoxide (accumulated by gasoline combustion), hydrocarbons (unburned gasoline), and nitrogen oxides (formed when the nitrogen in the air is forced to combine with oxygen by the heat in the engine). Nitrogen oxides result in…
Global Torque Converter Market
Torque Converter Market: Introduction
A torque converter can be identified as a device which acts as a link between the transmission and the engine, allowing a vehicle engine to spin separately from the transmission. The increase in the manufacture of automatic transmission (AT) vehicles has led to sight opportunities for torque converter market over the forecast period for its benefit of reduced use of clutches resulting to more ease in gear…
MediaCell Video Converter v1.0
MediaCell Video Converter is the best software for MP4/3GP file conversion of portable video device such as iPod/PSP/Mobile Devices. With unmatchable compression ratio and speed while retaining the highest quality, MediaCell Video Converter can convert almost all kinds of video files such as AVI, MPG, MPEG, DivX, XviD, MOV, VOB, VCD, DVD, SVCD, WMV, RM, RMVB, 3GP, AMR, FLV, formats to MP4/3GP video files.
MediaCell Video Converter empowers users to…
