Global Automotive DC-DC Converters Market Report 2022 – Market Forecast, Trends And Strategies

The global automotive DC-DC converters market size is expected to grow from $326.88 million in 2021 to $446.52 million in 2022 at a compound annual growth rate (CAGR) of 36.6%. The change in the automotive DC-DC converter market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $1,599.41 million in 2026 at a CAGR of 37.6%.

What is the Global Automotive DC-DC Converters Market?

TThe automotive DC-DC converter market consists of sales of automotive DC-DC converter products and related services. The automotive DC-DC converter converts the high voltage into low voltage or low voltage into high voltage depending on its application. Only goods and services traded between entities or sold to end consumers are included.

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What drives the Global Automotive DC-DC Converters Market?

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. 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 automotive DC-DC converter market.

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Global Automotive DC-DC Converters Market Segments
The global automotive DC-DC converters market is segmented:
By Propulsion Type: Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Plug-In Hybrid Vehicle (PHEV)
By Product Type: Isolated, Non-Isolated
By Input Voltage: <40 V, 40-70 V, >70 V
By Output Power: <1 kW, 1-10 kW, 10-20 kW, >20 kW
By Application: Passenger Vehicle, Commercial Vehicle
By Geography: The regions covered in the automotive DC-DC converters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Automotive DC-DC Converters Global Market Report 2022 provides market size and growth forecasts for the global automotive DC-DC converters market, global automotive DC-DC converters market share, automotive DC-DC converters market segments and geographies, automotive DC-DC converters market competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive DC-DC converters market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Automotive DC-DC Converters Industry Playersinclude Continental AG, BorgWarner Inc, Denso Corporation, Valeo, Toyota Industries Corporation, Bosch, Vicor Corporation, TDK-Lambda Corporation, Delta Electronics, and HELLA GmbH & Co. KGaA. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.