Forecasting the Automotive DC DC Converters Market Growth at 33.4% CAGR

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Forecasting the Automotive DC DC Converters Market Growth at 33.4% CAGR

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The Global Automotive DC-DC Converters Market is projected to witness substantial growth, reaching an estimated value of $1,432 million by 2025, with a notable CAGR of 33.4% during the forecast period. – PowerPoint PPT presentation

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Date added: 18 April 2024
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Title: Forecasting the Automotive DC DC Converters Market Growth at 33.4% CAGR


1
Forecasting the Automotive DC-DC Converters
Market Growth at 33.4 CAGR
The Global Automotive DC-DC Converters Market is
projected to witness substantial growth,
reaching an estimated value of 1,432 million by
2025, with a notable CAGR of 33.4 during the
forecast period. This surge is attributed to
significant advancements in power supply
systems and units, leading to
the development
of technologically advanced DC- DC converters
to fulfill the
  • power supply requirements of various automotive
    vehicles.
  • Key Market Players
  • Major players in the market include BorgWarner
    Inc., Denso Corporation, Valeo, Vicor
    Corporation, and TDK-Lambda
  • Corporation, among others, who are actively
    catering to the rising demand for
    electrification in the automotive industry
    through various products and services.
  • Download PDF Brochure _at_
  • https//www.marketsandmarkets.com/pdfdownloadNew.a
    sp?id267101117
  • The passenger vehicle segment is anticipated to
    dominate the market, driven by the increasing
    demand for zero-emission vehicles and
    technological advancements in power electronics
    to meet the growing demand for features like
    infotainment systems and active safety systems.
    Additionally, the battery electric vehicle (BEV)
    segment is expected to lead in propulsion type,
    fueled by rising environmental awareness,
    government subsidies, and the advantages of high
    efficiency and low pollution offered by BEVs.
  • Key insights indicate that the 40-70V segment
    will lead in input voltage, owing to its
    suitability for various automotive electronics
    applications that must withstand both load dump
    and cold crank conditions. Moreover, the isolated
    segment is projected to witness the highest
    growth rate, driven by increasing demand for safe
    and efficient renewable energy systems,
    particularly in electric and hybrid vehicles.
  • Regionally, Europe is forecasted to experience
    the highest growth rate, with countries like the
    UK, France, Germany, Norway, and Sweden leading
    the charge. This growth is propelled by the
    increasing demand for electric vehicles,
    supported by government initiatives such as tax
    exemptions and special discounts.
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  • https//www.marketsandmarkets.com/requestsampleNew
    .asp?id267101117

2
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