Press release
Electric Vehicle (EV) Charger Converter Module Market Expansion Continues, with Forecast Valuation of $9.68 Billion by 2029
Electric Vehicle (EV) Charger Converter Module
Electric Vehicle (EV) Charger Converter Module Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the electric vehicle (EV) charger converter module has seen remarkable growth in recent years. The projections show it escalating from $3.68 billion in 2024 to $4.48 billion in 2025, with a compound annual growth rate (CAGR) of 21.6%. This substantial growth during the historic period is due to increased demand for electric vehicles, enhancement of charging facilities, favorable government schemes and policies, increased consumer consciousness towards environmental preservation, and the expansion of charging station networks.
Electric Vehicle (EV) Charger Converter Module Market Size Forecast: What's the Projected Valuation by 2029?
Anticipations are high for the electric vehicle (ev) charger converter module market as it is predicted to undergo significant expansion in the coming years. It is estimated to reach $9.68 billion in 2029, marking an impressive compound annual growth rate (CAGR) of 21.3%. Factors such as ongoing advancements in EV batteries, development of fast charging networks, increased investments in green energy, a surge in electric vehicle sales, and proliferation of commercial electric vehicle fleets, have been identified as catalysts of this growth during the forecasted period. Key trends forecasted include the growing adoption of electric vehicles, breakthroughs in power semiconductor modules, the advent of silicon carbide (SiC) technology, alignment with smart grids, and the incorporation of intelligent charging solutions.
View the full report here:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-ev-charger-converter-module-global-market-report
What Are the Drivers Transforming the Electric Vehicle (EV) Charger Converter Module Market?
Expectations are high for the significant growth of the electric vehicle (EV) charger converter module market due to an anticipated increase in the need for charging infrastructure. This term refers to a charging stations network and the connected equipment that facilitates the charging of electric vehicles (EVs). The mounting demands for this infrastructure are due to the growing popularity of electric vehicles, progressive government policies, advancements in EV technology, and increased environmental consciousness. The crucial role EV charger converter modules play in this infrastructure is undeniable as they are essential for conversion. By way of example, the Edison Electric Institute (EEI), representing all investor-owned electric companies in the U.S., predicted in June 2022 that the number of electric vehicles (EVs) on U.S. roads would dramatically rise from 2.4 million in 2021 to an impressive 26.4 million by 2030. This would require around 12.9 million charging ports to support this expansion. Therefore, the predicted increase in demand for charging infrastructure is expected to boost the electric vehicle (EV) charger converter module market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16669&type=smp
Which Fast-Growing Trends Are Poised to Disrupt the Electric Vehicle (EV) Charger Converter Module Market?
Leading businesses in the EV charger converter module market are prioritizing innovative advancements in converter module technology such as power semiconductor modules to boost the effectiveness and productivity of EV charging systems. A power semiconductor module is a compactly designed assembly of power semiconductor devices tailored for controlling and efficiently converting electrical energy in a range of high-power uses. For example, Hitachi Energy, a sustainable energy management company based in Switzerland, in May 2022, introduced RoadPak. It is a trailblazing power semiconductor module specifically for electric vehicles, which incorporates advanced silicon carbide (SiC) technology. This technology enables quicker charging, increased dependability, and enhanced energy efficiency, which are vital for sustainable transportation and global grid solutions. RoadPak is structured to facilitate faster charging, extend driving ranges, and improve performance for all forms of electric vehicles, ranging from regular cars to heavy-duty trucks and high-speed racing cars.
Which Segments in the Electric Vehicle (EV) Charger Converter Module Market Offer the Most Profit Potential?
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)
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=16669&type=smp
Which Firms Dominate the Electric Vehicle (EV) Charger Converter Module Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Electric Vehicle (EV) Charger Converter Module Market?
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.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16669
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow 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
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering 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 Electric Vehicle (EV) Charger Converter Module Market Expansion Continues, with Forecast Valuation of $9.68 Billion by 2029 here
News-ID: 4267644 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
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…
Global High Voltage Direct Current Converter (HVDC Converter) Market Overview …
Scope of the Report:
The global High Voltage Direct Current Converter (HVDC Converter) market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx%% in the forecast period of 2020 to 2025 and will expected to reach USD xx million by 2025, from USD xx million in 2019.
Market segmentation
High Voltage Direct Current Converter (HVDC Converter) market is split by Type and…
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…
Convert Exchange Rates Easily With Rainbow Riders' Dollar Currency Converter And …
Copenhagen, Denmark – Travelers know how important a currency converter is while on a trip abroad. Aside from letting them properly convert one currency to another, a reliable currency converter is also a reliable tool that can help in properly planning their budget for the rest of their trip to avoid overspending. Rainbow Riders' understands these things perfectly, which is why the said Denmark-based company have come up with mobile…
