NuAxiSemiconductor trade intelligence
EV DC charging system market to reach $23.7bn by 2029
What happened
Yole Group forecasts the EV DC charging system market to reach $23.7 billion by 2029, driven by infrastructure expansion and replacement cycles. The transition from AC to DC charging infrastructure is expected to take 10-15 years, sustaining demand for both types of components. Neutral: This long-term market projection indicates sustained, gradual demand for power electronics but provides no immediate trading catalyst for specific components.
Impact and signal
Low impactImpact score: 10/100
Affected components and suppliers
Power SemiconductorsSiC/GaNIGBTsDC Fast Charging Modules
market-growthev-infrastructurelong-term-demand
Source and time
Source: Semiconductor Today · 4/22/2024 · View original source
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