Power Module for EV Chargers Market to Hit $10.5M by 2031 - Driving Next-Gen EV Infrastructure | Major Companies are Continental AG, Rober Bosch GmBH, Denso Corporation

Global Power Module for EV Charger Market reached US$ 2.0 Million in 2023 and is expected to reach US$ 10.5 Million by 2031, growing with a CAGR of 23.0% during the forecast period 2024-2031.

Power modules for EV chargers are critical electronic components that manage power conversion and distribution in electric vehicle (EV) charging stations. They ensure efficient, reliable, and safe transfer of electricity from the grid to the vehicle battery, supporting both AC and DC fast charging. The market is expanding due to rapid EV adoption, government incentives for EV infrastructure, and increasing demand for high-efficiency and compact power modules. Key components include IGBT modules, MOSFET modules, and SiC/GaN-based high-efficiency modules.

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☛ Power Module for EV Charger Market Recent Developments 2025:

United States: Recent Industry Developments

✅ In August 2025, Infineon Technologies launched next-generation power modules for fast EV chargers in the U.S., offering improved energy efficiency and thermal management.

✅ In July 2025, ON Semiconductor expanded its power module solutions for EV charging stations, focusing on high-power applications and reduced losses.

✅ In June 2025, ABB partnered with U.S. EV infrastructure companies to deploy advanced power modules for next-generation charging networks, supporting faster and more reliable EV charging.

Europe: Recent Industry Developments

✅ In July 2025, Siemens launched high-performance power modules for European EV chargers, enabling scalable and efficient DC fast-charging stations.

✅ In June 2025, STMicroelectronics expanded its power electronics portfolio for EV charging applications in EU markets, enhancing energy conversion efficiency.

✅ In May 2025, Schneider Electric partnered with European utilities to implement modular power solutions for smart EV charging infrastructure.

Japan: Recent Industry Developments

✅ In July 2025, Mitsubishi Electric launched advanced power modules for EV chargers in Japan, focusing on high reliability and energy efficiency.

✅ In June 2025, Fuji Electric expanded its EV charging power electronics portfolio, supporting domestic and international charging networks.

✅ In May 2025, Toshiba partnered with Japanese EV infrastructure providers to deploy next-generation modular power solutions, enhancing fast-charging performance and scalability.

☛ Power Module for EV Charger Market Trends:

Technological Advancements: Innovations in wide-bandgap semiconductors (SiC and GaN), compact designs, high thermal efficiency, and modular architectures are enhancing power density, reducing energy losses, and improving charger performance.

Growing EV Infrastructure: Increasing installation of public and private EV charging stations is driving demand for reliable and efficient power modules that can support fast and ultra-fast charging.

Regional Insights: North America and Europe lead due to early EV adoption and government infrastructure support. Asia-Pacific, particularly China, is witnessing rapid growth due to massive EV production, supportive policies, and large-scale charging network expansion.

Challenges: High costs of advanced semiconductor materials, thermal management issues, and integration complexity in multi-level charging systems can limit adoption in some regions.

Strategic Initiatives: Companies are investing in R&D for high-efficiency SiC/GaN modules, strategic partnerships with EV charger manufacturers, and expansion of production capacity to meet growing global demand.

☛ Power Module for EV Charger Market Competitve Landscape:

Continental AG, Rober Bosch GmBH, Denso Corporation, Sicon Chat Union Electric Co., Mitsubishi Electric Corporation, STMicroelectronics, Semiconductor Components Industries, LLC, Infineon Technologies AG, TOSHIBA CORPORATION and Shijiazhuang Tonhe Electronics Technologies Co., LTD.

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☛ Segment Covered in the Power Module for EV Charger Market:

By Phase: Single Phase, Triple Phase.

By Vehicle: Full Hybrid Vehicle, Plug-in Hybrid Vehicle, Battery Electric Vehicle (BEV).

By End-User: Passenger Car, Commercial Vehicles.

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☛ Regional Analysis for Power Module for EV Charger Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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