Global Power Module for EV Charger Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Power Module for EV Charger Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The Power Module for EV Charger is a power module specially designed for electric vehicle charging. The Power Module for EV Charger not only provides energy and power but also controls and converts the circuit, ensuring the stability of the power supply circuit. The performance of the Power Module for EV Charger not only directly affects the overall performance of the charging pile, but is also related to charging safety issues, and is the core of building high-power charging infrastructure.

Market Overview:

The latest research study on the global Power Module for EV Charger market finds that the global Power Module for EV Charger market reached a value of USD 1086.57 million in 2022. It’s expected that the market will achieve USD 5966.58 million by 2028, exhibiting a CAGR of 32.82% during the forecast period.

Influence of COVID-19

Due to the coronavirus disease 2019 (COVID-19) pandemic, electric vehicle sales began to decline significantly after the outbreak. The EV industry is now facing additional challenges in the form of the COVID-19 pandemic. It is almost inevitable that, along with the broader auto industry, EV sales will suffer significantly. While this is evident, the lockdown has also had a direct impact on the industries supporting EV charging services, impacting the related supply chains for charging services and charging station deployment.
The development of EV charging infrastructure and higher EV adoption are largely interdependent. While poor coverage of EV charging infrastructure is deterring EV adoption, fewer EVs on the road will undoubtedly impact service providers' investment plans, delaying lesser strategic installations. Therefore, the Power Module for the EV Charger industry has seen a decline in demand during the COVID-19 period.

Rising EV Sales Globally Expected to Drive Power Module for EV Charger Market Growth

The surge in adoption and use of electric vehicles has highlighted the need to develop charging infrastructure. Key markets for EVs, including China, the US, and Germany, are investing heavily in EV charging infrastructure and research and development to enable faster and more efficient charging methods. As EV adoption continues to rise, the demand for charging infrastructure is expected to grow exponentially, especially in regions with high concentrations of EV owners. This has spurred governments, businesses, and other organizations to invest in the deployment of additional public charging stations to meet the needs of EV owners. Most EV owners also have home charging stations installed, further driving demand for charging infrastructure. As the demand for charging infrastructure continues to grow globally, the demand for Power modules for EV chargers, as an important part of charging infrastructure, will also continue to grow.

Smart city deployment plans in more and more countries and installations are expected to boost the growth of the Power Module for the EV Charger market

Smart cities use technology and data to improve the quality of life of citizens. This includes using advanced technologies to efficiently manage resources, deliver public services, and enhance communications and connectivity. The market for electric vehicle charging stations is one of the areas where smart city deployments offer opportunities. Electric vehicles are growing in popularity as people look for ways to reduce their carbon footprint and lower transportation costs. However, one of the main challenges facing the adoption of electric vehicles is the availability of charging infrastructure. Smart cities can help overcome this challenge by deploying networks of charging stations connected to centralized systems, making it easier for drivers to find and use them. Smart city infrastructure can also support the growth of the electric vehicle charging station market by providing a platform for new business models. For example, companies could use the data generated by smart city infrastructure to provide innovative services such as dynamic pricing, reservation systems, and personalized recommendations to EV drivers. Therefore, the deployment of smart cities in more and more countries is expected to boost the growth of the Power Module for the EV Charger market.

Region Overview:

In 2022, the share of the Power Module for EV Charger market in Asia Pacific stood at 80.63%.

Company Overview:

Infy Power is one of the major players operating in the Power Module for EV Charger market, holding a share of 30.92% in 2023.

Infy Power

Infy Power is the world's leading provider of power conversion products and system solutions. The company takes power electronics and intelligent control technology as the core and focuses on the research and development, production, sales, and service of power equipment in new energy fields such as energy storage and charging. Products include power conversion modules, charging systems, and energy storage systems, and provide customers with professional solutions based on various application scenarios.

TELD

TELD is a manufacturer of new energy vehicle charging equipment and a charging network operator. It is committed to the research and development of the new energy Internet of the charging network, micro-grid, and energy storage network

three-network integration

Based on the intelligent energy management system, through advanced technology, Exquisite products, and high-quality services provide users with an overall solution for intelligent charging.

Segmentation Overview:

By type, 15-30KW segment accounted for the largest share of market in 2022.

Application Overview:

By application, the BEV segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Power Module for EV Charger market covered in Chapter 3:

Sinexcel
Shanghai Mida EV Power
Phihong Technology
TonHe
Delta Electronics
Huawei
Shenzhen UUGreenPower Co., Ltd
Shenzhen Winline Technology Co., Ltd.
SCU
Grasen Power Technology
SEMIKRON-DANFOSS
Shenzhen Megmeet Drive Technology
Infy Power
SETEC Power
TELD
Rectifier Technologies
Shenzhen Increase Technology
Zhejiang EV-Tech Co., Ltd.
Watt & Well
Shijiazhuang Maxwell Technology

In Chapter 4 and Chapter 14.2, on the basis of types, the Power Module for EV Charger market from 2018 to 2029 is primarily split into:

15-30 KW
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Power Module for EV Charger market from 2018 to 2029 covers:

BEV
PHEV

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)