Power Module for EV Charger Market to Hit $10.5 Billion by 2031, Driven by EV Infrastructure & Fast Charging Technology

Leander, Texas and Tokyo, Japan - Dec.05.2025
As per DataM intelligence research report" Global Power Module for EV Charger Market reached US$ 2.0 Billion in 2023 and is expected to reach US$ 10.5 Billion by 2031, growing with a CAGR of 23.0% during the forecast period 2024-2031." EV infrastructure expansion and fast-charging demand are fueling growth in power modules for EV chargers.

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United States: Recent Industry Developments

✅ In November 2025, Wolfspeed launched a new Silicon Carbide (SiC) power module specifically for 400kW fast chargers The module enables higher switching frequencies reducing the size and cooling needs of charging stations It supports the rollout of ultra-fast charging infrastructure across the U.S.

✅ In October 2025, onsemi introduced a modular "EliteSiC" power solution for bi-directional EV chargers The solution allows chargers to push power back to the grid (V2G) with high efficiency It facilitates the integration of EVs as energy assets in the U.S. grid

✅ In September 2025, Tesla shared the design of its "V4 Cabinet" power modules with industry partners The move aims to standardize high-voltage charging architecture in North America It accelerates the adoption of reliable charging hardware in the U.S.

✅ In August 2025, Eaton Corporation unveiled a liquid-cooled power module for fleet charging depots The module is designed to deliver continuous high power to electric trucks without overheating It enables the electrification of heavy-duty logistics fleets in the U.S.

Japan: Recent Industry Developments

✅ In December 2025, Mitsubishi Electric released a new "SiC-MOSFET" module for next-gen rapid chargers The module reduces power loss by 50% compared to traditional silicon modules It improves the energy efficiency of public charging stations in Japan

✅ In November 2025, Rohm Semiconductor partnered with a major charger manufacturer to supply high-voltage power devices The partnership focuses on creating compact 150kW chargers for space-constrained urban areas It supports the densification of EV infrastructure in Japanese cities

✅ In October 2025, Fuji Electric launched a discrete IGBT module optimized for home EV charging units The component balances cost and performance for the residential market It lowers the price barrier for home charging installation in Japan

✅ In September 2025, Nichicon developed a V2H (Vehicle-to-Home) power module with enhanced surge protection The module ensures safe power transfer from EV batteries to power Japanese homes during blackouts It strengthens Japan's disaster resilience using electric vehicles

Power Module for EV Charger Market: Drivers
The power module market for EV chargers is expanding as electric vehicle adoption drives demand for efficient, fast, and reliable charging solutions. Power modules enable energy conversion, voltage regulation, and thermal management in AC and DC fast chargers. Technological advancements in wide-bandgap semiconductors, modular architectures, and thermal solutions are enhancing performance and efficiency. Government incentives for EV infrastructure and rising consumer demand for electric mobility are boosting adoption. Integration with smart grid systems and renewable energy sources further supports market growth.

Collaboration among semiconductor manufacturers, EV charger companies, and automotive OEMs accelerates development of high-power and compact modules. Growth in commercial, residential, and highway charging infrastructure expands application areas. Integration with digital energy management platforms, IoT-enabled monitoring, and predictive maintenance improves operational efficiency. Advancements in cooling systems and safety standards strengthen reliability and scalability. With global EV adoption and energy transition initiatives, the power module market for EV chargers is poised for significant expansion.

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Power Module for EV Charger Market: Major Players
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.

Segment Covered in the Power Module for EV Charger Market:
By Phase
Single-phase power modules dominate with 55% share, driven by residential charging and small commercial installations that require lower power capacity. Triple-phase modules hold 45%, widely adopted in high-capacity fast-charging stations, industrial facilities, and fleet depots. Phase selection influences charging speed, efficiency, and compatibility with grid infrastructure. Advances in semiconductor technology enhance reliability and thermal management. Both phases support diversified deployment across EV segments.

By Vehicle
Battery Electric Vehicles (BEVs) lead with 50% share, fueled by increasing adoption of fully electric cars and buses and growing government incentives. Full hybrid vehicles account for 30%, driven by integration in passenger cars and light commercial vehicles. Plug-in hybrid vehicles hold 20%, used in regions balancing electric range with combustion backup. Vehicle type determines module sizing, power requirements, and thermal performance. Rising EV adoption globally boosts demand for all vehicle-specific modules.

By End-User
Passenger cars dominate with 60% share, reflecting the surge in electric car sales and private charging infrastructure expansion. Commercial vehicles hold 40%, including buses, vans, and light trucks, where fleet operators prioritize fast, reliable charging and long-term durability. End-user segmentation influences module ratings, installation requirements, and integration with charging networks. Growth in public and private charging infrastructure supports both segments. Focus on reliability, efficiency, and scalability drives adoption across vehicle types.

Regional Analysis
North America leads with 35% share, supported by U.S. and Canadian incentives for EV adoption, widespread home charging, and growth of public fast-charging networks. Europe holds 30%, driven by Germany, France, and the UK investing heavily in BEVs and commercial fleet electrification. Asia Pacific captures 28%, led by China, Japan, South Korea, and India, with strong government mandates, EV production, and infrastructure expansion. South America holds 5%, adoption focused on Brazil and Argentina with emerging EV markets. Middle East & Africa account for 2%, driven by UAE and South Africa investing in commercial EV fleets and charging infrastructure.

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