The Electric Vehicle High-Voltage DC-DC Converter Market size is estimated at USD 1.46 billion in 2024, and is expected to reach USD 2.82 billion by 2029, growing at a CAGR of 14.05% during the forecast period (2024-2029).
The key players in the electric vehicle high-voltage DC-DC converter market include Tesla Inc., Toyota Industries Corporation, Denso Corporation, Robert Bosch GmbH, Continental AG, Infineon Technologies, Hella GmbH, and others. These players are investing heavily in R&D in order to gain a competitive edge over other players.
For instance, in April 2022, Toyota Industries Corporation announced the launch of a single compact and lightweight module with an integrated charger and DC/DC converter. This is Toyota's first ESU (Electricity Supply Unit) for usage in electric cars (EVs), and it will be placed as the core unit that handles charging and power conversion operations in the bZ4X. By merging the two components required for EV operation, the business was able to achieve a 23% decrease in size and a 17% reduction in weight when compared to the traditional installation of separate components.
In March 2022, TDK Corporation announced the introduction of additional models to the popular CCG series of isolated DC-DC converters. The 1.5W and 3W rated parts operate convection cooled at full load from -40 to +85°C. All voltage combinations are available with terminations for either surface-mount or through-hole placement. Applications include data and telecommunications, test, measurement, process control, broadcast, and battery-powered equipment.
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