Automotive DC-DC Converters Market Driven By The Increase In Adoption Of Electric Vehicles

Automotive DC-DC Converters Market Report 2021: COVID-19 Growth And Change

Automotive DC-DC Converters Global Market Report 2021: COVID-19 Growth And Change

The Business Research Company’s Automotive DC-DC Converters Global Market Report 2021: COVID-19 Growth And Change

LONDON, GREATER LONDON, UK, March 17, 2021 /EINPresswire.com/ — Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reports

The increase in the adoption of electric vehicles contributed to the growth of the automotive DC-DC converter market. The output of the batteries in an electric vehicle is several hundreds of volts but the components inside the vehicles require different voltages and most of the components run on lower voltage such as air-conditioning and in-built displays. The automotive DC-DC converter turns the high voltage into low voltage or low voltage to high. According to the Global EV Outlook report by IEA, in 2019, the number of electric vehicles across the world was around 7.1 million, and the sales of electric vehicles were around 2.1 million, which is a 6% increase from 2018. The global electric vehicle sales are expected to grow from 2.5 million in 2020 to 11.2 million in 2025 and would reach 31.1 million in 2030. The increase in the adoption of electric vehicles increases the demand for automotive DC-DC converters, driving the market.

The global automotive DC-DC converters market size is expected to grow from $241.42 million in 2020 to $326.88 million in 2021 at a compound annual growth rate (CAGR) of 35.40%. The DC-DC converter market growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1,215.38 million in 2025 at a CAGR of 38.86%.

Read More On The Global Automotive DC-DC Converters Market Report:
https://www.thebusinessresearchcompany.com/report/automotive-dc-dc-converters-global-market-report

Major players covered in TBRC’s DC-DC converter market outlook report are Continental AG, BorgWarner Inc, Denso Corporation, Valeo, Toyota Industries Corporation, Bosch, Vicor Corporation, TDK-Lambda Corporation, Delta Electronics, HELLA GmbH & Co. KGaA, Hyundai Mobis, Panasonic Corporation, Infineon technologies, Mornsun, Alps Alpine Co, Mareli Corporation, LG Innotek, Texas Instruments Incorporated, ZF Friedrichshafen AG, NAC Group Inc., SynQor, Nanjing Pengtu Power Supply Co. Ltd., AEGIS Power Systems Inc., Murata Manufacturing Co. Ltd., Shindengen Electric Manufacturing Co. Ltd., and Delta-Q Corporation.

The global automotive DC-DC converters market is segmented by propulsion type into battery electric vehicle (BEV), fuel cell electric vehicle (FCEV), plug-in hybrid vehicle (PHEV), by product-type into isolated, non-isolated, by input voltage into < 40V, 40-70V, >70V, by output power into <1kW, 1-10kW, 10-20kW, >20kW, and by application into passenger vehicle, commercial vehicle.

Automotive DC-DC Converters Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides automotive DC-DC converters market overview, forecast automotive DC-DC converters market size and growth for the whole market, automotive DC-DC converters market segments, and geographies, automotive DC-DC converters market trends, automotive DC-DC converters market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

Request For A Sample Of The Global Automotive DC-DC Converters Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3963&type=smp

Here Is A List Of Similar Reports By The Business Research Company:

Automotive Lighting Global Market Report 2021: COVID-19 Impact and Recovery to 2030
https://www.thebusinessresearchcompany.com/report/automotive-lighting-global-market-report

Relays Global Market Report 2021: COVID-19 Impact and Recovery to 2030
https://www.thebusinessresearchcompany.com/report/relays-global-market-report

Electrical And Electronics Global Market Report 2021: COVID-19 Impact and Recovery to 2030
https://www.thebusinessresearchcompany.com/report/electrical-and-electronics-global-market-report-2020-30-covid-19-impact-and-recovery

General Electronic Components Global Market Report 2021: COVID-19 Impact and Recovery to 2030
https://www.thebusinessresearchcompany.com/report/general-electronic-components-global-market-report

Interested to know more about The Business Research Company?
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology. TBRC excels in company, market, and consumer research.

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published.