Power Module for EV Charger Market to Hit US$ 4296.5 Million, Fueled by 21.5% CAGR by 2030 | Key Players: TELD, UUGreenPower, Infy Power, TonHe, Increase, Sinexcel, Megmeet, Rectifier Technologies

February 28
05:14 2024
Power Module for EV Charger Market to Hit US$ 4296.5 Million, Fueled by 21.5% CAGR by 2030 | Key Players: TELD, UUGreenPower, Infy Power, TonHe, Increase, Sinexcel, Megmeet, Rectifier Technologies
Power Module for EV Charger Market Set to Surpass US$ 4296.5 Million by 2030, Driven by Growing Electric Vehicle Adoption
The Power Module for EV Charger Market is anticipated to achieve a valuation of US$ 4296.5 million by 2030, showcasing a remarkable Compound Annual Growth Rate (CAGR) of 21.5% during the forecast period from 2024 to 2030. This growth is driven by the increasing adoption of electric vehicles (EVs) globally, coupled with the expansion of EV charging infrastructure.


Power Module for EV Charger is the only core product with technical threshold in the entire charging pile industry.

As the core component of the charging pile, the Power Module belongs to a large category of power supply products. Its core function is to convert the AC power in the grid into DC power that can charge the battery. The charging module not only provides energy and power, but also controls and converts the circuit, which ensures the stability of the power supply circuit and is suitable for charging various types of power batteries. The performance of the Power Module 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 a high-power charging infrastructure.

Power Module is mainly composed of: semiconductor power devices, integrated circuits, magnetic components, PCB, capacitors, chassis fans, etc. The key of the Power Module is the MOS tube switch. When the charging module is working, the three-phase AC power supply is rectified and filtered, and then becomes a DC input voltage for the DC/DC conversion circuit. The controller acts on the power switch MOS tube through the drive circuit to convert the rectified and filtered DC voltage into an AC voltage, and the AC voltage at this time is pulse width modulated. Then, the AC voltage is transformed and isolated by the high-frequency transformer, rectified and filtered again to obtain a DC pulse, and then charged to the battery pack.

Enterprises with power module production capacity can be roughly divided into two categories: one is mainly engaged in the production and operation of charging piles, which are mainly used for self-production. One type is a Power Module supplier mainly supplying to charging pile production enterprises.

The global Power Module for EV Charger Market was valued at US$ 898.3 million in 2023 and is anticipated to reach US$ 4296.5 million by 2030, witnessing a CAGR of 21.5% during the forecast period 2024-2030.

Global 5 largest manufacturers of Power Module for EV Charger are TELD, UUGreenPower, Infy Power, TonHe and Increase, which make up over 59%. Among them, TELD is the leader with about 21% market share. Asia-Pacific is the largest market, with a share about 84%, followed by North America and Europe, with the share about 9% and 7%. In terms of product type, 30KW and Below occupy the largest share of the total market, about 96%. And in terms of product Application, the largest application is Passenger Car, followed by Commercial Vehicle.This report aims to provide a comprehensive presentation of the global market for Power Module for EV Charger, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Module for EV Charger.

Report Scope

The Power Module for EV Charger market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Power Module for EV

Charger market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Power Module for EV Charger manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.


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Market Segmentation 

By Company

  • TELD
  • UUGreenPower
  • Infy Power
  • TonHe
  • Increase
  • Sinexcel
  • Megmeet
  • Rectifier Technologies


Segment by Type

  • 30KW and Below
  • 35-50 KW
  • Above 50KW


Segment by Application

  • Commercial Vehicle
  • Passenger Car


Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia, Nordic Countries, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea,Southeast Asia, India, Australia, Rest of Asia)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)


Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.Chapter 2: Detailed analysis of Power Module for EV Charger manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.Chapter 3: Sales, revenue of Power Module for EV Charger in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.Chapter 9: The main points and conclusions of the report.

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