According to a new report, published by KBV research, The Global Automotive DC-DC Converter Market size is expected to reach $15.3 billion by 2030, rising at a market growth of 28.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,231.9 thousand units, experiencing a growth of 10.4% (2019-2022).
The Non-Isolated segment is experiencing a CAGR of 29.1% during (2023 - 2030). A non-isolated DC-DC converter has an electrical connection between the input and output sides. Since there is no requirement for optoisolators or signal transformers when signals cross the isolation boundary, non-isolated converters are typically simpler. Non-isolated DC-DC converters typically regulate the voltage and deliver the required voltage conversion using indicators or capacitors. These converters often have a more compact and straightforward construction.
The BEV segment is leading the Global Automotive DC-DC Converter Market by Vehicle Type in 2022; thereby achieving a market value of $9.6 billion by 2030. Consumer awareness of the environmental advantages, technological breakthroughs, and infrastructure for charging BEVs is growing. Usually, these cars are more energy-efficient than ICE vehicles. BEVs transfer a higher percentage of the energy from the battery to power the wheels because they only use electric power. BEVs require less maintenance since they have fewer moving components than other EVs.
The Commercial Vehicles segment is showcasing a CAGR of 29% during (2023 - 2030). Electric commercial vehicles have reduced operational expenses compared to conventional diesel or gasoline-powered cars. As they run quietly, these cars lessen urban noise pollution. Given the importance of noise reduction, this attribute is especially beneficial for delivery services and urban mobility. In the coming years, these factors are expected to fuel the expansion of the electric commercial vehicle industry.
The Asia Pacific region dominated the Global Automotive DC-DC Converter Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.9 billion by 2030. The Europe region is poised to grow at a CAGR of 27.7% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 27.9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/automotive-dc-dc-converter-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Robert Bosch GmbH, Infineon Technologies AG, Eaton Corporation PLC, BorgWarner Inc., Vicor Corporation, Toyota Industries Corporation, Skyworks Solutions, Inc., Texas Instruments, Inc., Continental AG, and HELLA GmbH & Co. KGaA
By Type (Volume, Thousand Units, USD Million, 2019-2030)
By Vehicle Type (Volume, Thousand Units, USD Million, 2019-2030)
By Application (Volume, Thousand Units, USD Million, 2019-2030)
By Geography (Volume, Thousand Units, USD Million, 2019-2030)
Companies Profiled
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