DUBLIN–(BUSINESS WIRE)–The “Automotive DC-DC Converter Market-Growth, Trends, COVID-19 Impact and Forecast (2021-2026)” report has been added to ResearchAndMarkets.com’s products.
The global automotive DC-DC converter market is valued at US$9 billion in 2020 and is expected to reach US$17 billion by 2026, with a compound annual growth rate of over 10% during the forecast period of 2021-2026.
The global adoption of strict emission standards has prompted automotive original equipment manufacturers to integrate advanced technologies in their vehicle products to improve fuel efficiency.This led to the development of electric drive systems for medium and heavy commercial vehicles (M&HCV).Electric drive systems require integrated DC-DC converters to ensure higher efficiency.
The increase in commercial vehicle sales is pushing component manufacturers to upgrade their products.To this end, Prodrive recently introduced a 48V to 12V DC-DC converter that complies with the ISO/DIS 21780 standard for 48V automotive systems.The converter can be configured to adapt to automotive networks, including CAN and FlexRay, and provides multiple power options ranging from 400W to 2.2kW.Similarly, in October 2016, Ricoh Europe (Netherlands) BV launched the R1273L synchronous step-down DC/DC converter, which can operate efficiently in a wide input voltage range up to 34V and provide a maximum output of 14A.
In 2020, China’s electric vehicle sales will reach 1.3 million units.In addition, the Chinese government has eliminated taxes or granted substantial tax exemptions to the purchase of electric vehicles.These government measures have attracted many customers to buy electric vehicles in the country.
Among the two models launched, one is an electric car and the other is an electric SUV.The sedan is expected to be launched first, and pre-sales will begin at the 2021 China Auto Show in April, and the SUV may be launched in 2022.The company said that these vehicles may be equipped with 93 kWh batteries, and 115 kWh batteries will be available as an option.Therefore, the car can provide up to 874 kilometers of cruising range in the NEDC cycle.
In December 2020, Hyundai Motor Group announced plans to launch a pure electric platform in 2021, using its own battery technology to reduce production time and costs.In September 2020, Tesla announced that it is working to reduce the cost of its electric car batteries and increase production.Its goal is to reduce the price of its car to $25,000.
As most electric vehicles and parts are manufactured locally, coupled with the government’s key national strategies and plans, the country’s market is expected to have a relatively high growth rate during the forecast period.
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1- 416- 8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1- 416- 8900
Post time: Jan-04-2022