Global EV Power Module Market Outlook

Global EV Charger Power Module Market Outlook
The total demand for EV power modules is estimated to be around US$ 1,955.4 million this year (2023) in terms of value. As per the global EV power module market analysis report of FMI, it is predicted to record a robust CAGR of 24% during the forecast period. The total valuation of the market share is estimated to reach up to US$ 16,805.4 million by end of the year 2033.

EVs have become a crucial component of sustainable transportation and are seen as a method to improve energy security and cut back on GHG emissions. So during the forecast period, demand for EV power modules is anticipated to increase in tandem with the global trend toward increased EV sales. A couple of other key reasons fueling the 40KW EV power module market growth are the increasing capacity of EV manufacturers along with beneficial government efforts.

Presently, prominent 30KW EV power module companies are making investments in the creation of new technologies and expanding their manufacturing capabilities.
Global EV Power Module Market Historical Analysis (2018 to 2022)
Based on the previous market study reports, the net valuation of the EV power module market in the year 2018 was US$ 891.8 million. Later the popularity of e-mobility surged around the world favoring the EV components industries and OEMs. During the years between 2018 and 2022, the overall EV power module sales registered a CAGR of 15.2%. By the end of the survey period in 2022, the global EV power module market size was figured out to have reached US$ 1,570.6 million. As more and more people are opting for greener transportation, the demand for EV power modules is expected to grow remarkably in the coming days.

Regardless of a widespread decline in EV sales brought on by the pandemic-related lack of semiconductor supply, sales of EVs rose significantly in the following years. In 2021, 3.3 million EV units were sold in China only, in comparison to 1.3 million in 2020 and 1.2 million in 2019.

EV Power Module Manufacturers
In all economies, there is a growing push to phase out conventional ICE vehicles and speed up the deployment of light-duty passenger EVs. Presently, several companies are offering their consumers residential charging options presenting the emerging trends in the EV power module market. All such factors are anticipated to create a favorable market for 30KW 40KW EV power module manufacturers in the coming days.

Following international agreements and fostering e-mobility in the wake of rising urbanization, the acceptance of EVs is surging around the world. Increasing demand for EV power modules brought on by the rising production of EVs is projected to drive the market during the forecast period.

The sales of EV power modules, unfortunately, are mostly constrained by outdated and subpar recharging stations across many countries. Furthermore, the dominance of some eastern countries in electronics industries has limited the EV power module industry trends and opportunities in other regions.

Flexible, reliable, low-cost EV power module for EV charging station. DPM series AC/DC EV charger power module is key power part of DC EV Charger, which converts AC to DC and then charge electric vehicles, providing reliable DC supply for equipment requires DC power.

MIDA 30 kW EV charging module, capable of converting power from the three-phase grid to DC EV batteries. It features a modular design capable of parallel operation and can be used as a part of high-power EVSE (Electric Vehicle Supply Equipment systems) up to 360kW.

This AC/DC power module is compatible with smart charging (V1G) and can dynamically apply limitations on its grid current consumption.

EV DC charging modules are specially developed for the electric vehicle DC fast charge. With the high frequency switch technology and MOSFET/SiC application, realize the excellent performance, high power density, expansion ability and low cost. They are compatible with the CCS & CHAdeMO & GB/T charging standards. The charging modules can be fully controlled and monitored by CAN-BUS interface.