The global automotive DC-DC converter market is anticipated to grow at a considerable CAGR of 11.1% during the forecast period. The primary factor which is propelling the growth of the market includes growing demand for electric vehicles in the market which has also grown the demand for several other automotive systems including the automotive DC-DC converter market. In electric vehicles, DC-DC converter converts high voltage power supply to lower voltage power supply for safe electronic systems operations which is highly important since EVs supply very high-power voltage to run the vehicle.
Browse the full report description of “Global Automotive DC-DC Converter Market Size, Share & Trends Analysis Report by Product Type (Isolated DC-DC Converters and Non-Isolated DC-DC Converters), by Propulsion Type, (Hybrid Electric Vehicles, Plug-in Hybrid Electric Vehicle, Battery Electric Vehicle, and Fuel Cell Electric Vehicle), and by Vehicle Type (Passenger Vehicles and Commercial Vehicles) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/automotive-dc-dc-converter-market
This has necessitated the use of DC-DC converters in the growing EV market. For instance, as per the data of the International Energy Agency (IEA) 2020, the sales of EV cars increased by more than 40% as compared to the sales of EV cars in 2019. The growth of EVs is also resulted owing to the government initiatives to electrify the automobile sector by offering subsidies to the consumers and installing the charging stations in the nations. For instance, in March 2022, Italy planned to subsidize new electric vehicles up to $6,570 of the purchase price as part of the plan to support the electrification of the vehicles. Moreover, in February 2022, as per the Indian budget document, Fast Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) for fiscal 2023, the subsidies for EVs are projected at $378 million which is almost nine times higher than FY21.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Propulsion Type
o By Vehicle Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Continental AG, Denso Corp., HELLA GmbH & Co. KGaA, Robert Bosch GmbH, Toyota Industries Corp., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Automotive DC-DC Converter Market Report Segment
By Product Type
By Propulsion Type
By Vehicle Type
Global Automotive DC-DC Converter Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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