1 Global Power Module for EV Charger Market Insight Analysis
In 2025, the global Power Module for EV Charger market size will reach US$2,589.07 million, with a CAGR of 32.07% from 2025 to 2033.
The Power Module for EV Charger is a power module specially designed for electric vehicle charging. The Power Module for EV Charger not only provides energy and power but also controls and converts the circuit, ensuring the stability of the power supply circuit. The performance of the Power Module for EV Charger 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 high-power charging infrastructure.
Figure Global Power Module for EV Charger Market Size (M USD) and CAGR (2025-2033)
2 Power Module for EV Charger Market Growth Drivers and Restraints
Popularization of new energy vehicles and surge in demand for charging infrastructure
The sales of new energy vehicles (especially BEV and PHEV) continue to rise worldwide, directly promoting the acceleration of charging infrastructure construction. According to the document data, the global electric vehicle charger power module market size will reach US$1,303.57 million in 2023, and is expected to increase to US$6,919.06 million in 2029, with a compound growth rate of 32.07%. The increase in the penetration rate of new energy vehicles has significantly increased the demand for high-power and high-efficiency charging modules. For example, governments in China and Europe have vigorously promoted electric vehicles, and the construction of supporting charging networks has driven the expansion of the power module market.
Policy support and smart city deployment
Governments of various countries have actively promoted the “carbon neutrality” goal, issued subsidy policies and charging infrastructure construction plans. For example, the EU plans to ban the sale of fuel vehicles in 2035, and China’s “new infrastructure” policy accelerates the layout of charging piles. In smart city projects, smart charging networks are key links, optimizing the charging experience through dynamic pricing, smart scheduling and other technologies, further stimulating the demand for power modules. The document mentioned that smart city deployment improves charging efficiency through data-driven, providing new growth points for the market.
Technology upgrade and high power demand trend
The market demand for fast charging technology drives the power module to develop in the direction of high power and high efficiency. The current mainstream module power is upgraded from 20kW/30kW to 40kW and above, and liquid cooling technology is gradually applied to improve heat dissipation efficiency and reliability. For example, Huawei, Infineon and other companies have launched high-power density modules that support 800V high-voltage platforms to meet the fast charging needs of high-end models such as Porsche Taycan. Technological innovation (such as full digital control and wide voltage range output) improves module adaptability and covers more models.
Supply chain maturity and global layout
The technological maturity of upstream semiconductor, magnetic component suppliers (such as Infineon and Texas Instruments) has reduced the cost of raw materials, and midstream manufacturers (such as Infineon and Tonghe Technology) have improved efficiency through large-scale production. At the same time, the global layout of enterprises (such as Huawei’s establishment of a research and development center in Europe) has expanded market coverage, reduced regional dependence risks, and enhanced supply chain flexibility.
High construction and operation costs
High-voltage fast charging stations require supporting infrastructure such as high-power transformers and cables. The construction cost in remote areas is high and the payback period is long. The document points out that building high-power charging stations may require laying new cables and transformers, and it is difficult to share costs in low-traffic areas, resulting in insufficient investment willingness of operators. In addition, new technologies such as liquid cooling modules have high initial costs, which restricts the adoption of small and medium-sized enterprises.
Grid load and energy structure dependence
Fast charging stations have high requirements for grid stability. The grid infrastructure in some areas is weak and needs to be upgraded to support high-power charging, which increases the difficulty of deployment. At the same time, if the source of electricity depends on fossil fuels, the environmental advantages of electric vehicles will be weakened, which may affect consumers’ willingness to buy and indirectly suppress the demand for charging modules. The document mentions that in areas that rely on fossil fuel power generation, the environmental benefits of EVs are limited, which may slow market growth.
Market competition and product homogeneity
The increase in industry entrants has led to intensified competition and serious product homogeneity. Core components (such as IGBT) rely on imports, companies lack differentiated advantages, and gross profit margins face downward pressure. For example, the market share of the top three companies in 2023 reached 61.14%, but the overall profit of the industry was squeezed by price competition, and new entrants needed to break through technology and customer certification barriers.
Geopolitical and supply chain risks
The conflict between Russia and Ukraine and other events have led to logistics obstructions and fluctuations in raw material prices (such as tight semiconductor supply), affecting production stability. The document mentioned that the war has led to the interruption of Eurasian logistics routes and increased transportation costs. Enterprises are forced to adjust their supply chain layout and increase localized production to reduce risks, but this has pushed up manufacturing costs in the short term.
3 Technological Innovations in the Power Module for EV Charger Market
High power and high efficiency technology
Companies focus on improving the power and conversion efficiency of single modules. For example, the efficiency of Infineon’s 40kW liquid cooling module reaches 96.2%. Huawei’s new generation 40kW module improves reliability through full glue potting technology, with an annual failure rate of less than 0.2%. At the same time, wide voltage range output (such as 150V-1000V) has become a trend, adapting to the needs of different models, such as Porsche’s 800V platform and Xiaopeng G9’s high-voltage fast charging.
Heat dissipation technology upgrade
Transition from traditional air cooling to liquid cooling to reduce noise and improve protection level. For example, the liquid cooling module adopts a fully enclosed design to avoid the influence of dust and corrosive gases, is suitable for harsh environments, and has a noise level of less than 9dB. Tonghe Technology’s THWT40F10028C8E module achieves a wide temperature range of -40℃ to +75℃ by optimizing the air duct design, improving outdoor applicability.
Intelligent and digital integration
The module integrates intelligent monitoring and remote upgrade functions (OTA). For example, Huawei’s module supports CAN communication protocol, which can adjust the output voltage and current in real time to optimize charging efficiency. Some companies have introduced AI algorithms to predict equipment failures and reduce maintenance costs. For example, Infineon simplifies system design and improves user experience through intelligent discharge circuits.
New materials and process applications
Use new magnetic materials (such as nanocrystalline alloys) and SiC devices to increase power density and reduce energy loss. For example, Infineon’s silicon carbide MOSFETs reduce switching losses and reduce the size of the module by 30%, while improving high temperature resistance and adapting to high-power scenarios.
Head companies expand market share
The industry is highly concentrated, and head companies strengthen their technology and channel layout through mergers and acquisitions. For example, in 2023, Chengdu Sixiang invested in Infineon to help it expand overseas markets, especially in Europe and North America. Huawei has accelerated the development of liquid cooling modules and consolidated its position in the high-end market by acquiring relevant technical teams.
Cross-border cooperation and ecological integration
Traditional energy companies cooperate with technology companies to enter the charging field. For example, Delta Electronics and Rolec EV cooperated to launch 60-480kW charging stations, combined with Sinexcel’s 20kW modules for rapid deployment. Such cooperation integrates manufacturing capabilities and market channels to improve supply chain efficiency.
Intensified competition for regional markets
Chinese companies dominate the global market (such as Infineon and Youyou Green Energy), break through trade barriers through mergers and acquisitions of local European companies (such as Huawei’s acquisition of a German charging technology company), and quickly acquire local customer resources. At the same time, European companies such as SEMIKRON-DANFOSS enhance technical synergy through mergers to cope with competition from Asian companies.
Vertical integration of the supply chain
Companies extend upstream to control key components, such as Tonghe Technology’s investment in semiconductor packaging projects to reduce dependence on suppliers such as Infineon. Some companies cooperate with universities and research institutions to establish joint laboratories (such as Zhejiang University and Huawei) to accelerate technology transformation and shorten the R&D cycle.
4 Global Power Module for EV Charger Market Size by Type
The 15-30KW segment, which includes modules with capacities of 15KW, 20KW, and 30KW, is a dominant player in the market. In 2025, this segment is projected to generate a substantial revenue of approximately $2,099.07 million. This represents a significant increase from the previous years, indicating a strong growth trajectory. The consistent rise in revenue can be attributed to the increasing adoption of EVs and the need for faster and more efficient charging solutions. The 15-30KW modules are particularly favored for their ability to provide high-power charging, which is essential for quick charging stations and commercial charging infrastructure.
The “Others” segment, which includes modules with capacities such as 40KW and above, is also expected to show considerable growth. In 2025, this segment is projected to generate a revenue of about $490.01 million. This growth is driven by the demand for a variety of charging solutions that cater to different charging needs and capacities. While this segment does not dominate the market as the 15-30KW segment does, it plays a crucial role in providing flexibility and options for various charging scenarios, including residential and light commercial charging.
Table Global Power Module for EV Charger Market Size by Type in 2025
Type | Market Size (M USD) 2025 |
|---|---|
15-30KW | 2099.07 |
Others | 490.01 |
5 Global Power Module for EV Charger Market Size by Application
BEVs have been the dominant force in the EV market, and this trend is reflected in the power module consumption value. In 2025, the consumption value of power modules for BEV chargers is expected to reach 2287.70 million US dollars. This significant figure can be attributed to several factors. Firstly, the growing consumer preference for BEVs due to their longer electric ranges and zero – tailpipe emissions has led to a surge in demand for BEVs globally.
As a result, the need for efficient and reliable charging infrastructure, which relies on high – quality power modules, has increased substantially. Automakers are ramping up their production of BEVs, and this directly translates into a higher demand for power modules for chargers. For example, major players like Tesla, with its extensive lineup of BEVs, has been a key driver in this segment. The company’s continuous expansion in the global market has spurred the demand for power modules to support its Supercharger network and other charging solutions.
PHEVs also contribute significantly to the power module market for EV chargers. In 2025, the consumption value of power modules for PHEV chargers is estimated at 301.38 million US dollars. PHEVs offer a unique advantage of combining the benefits of both electric and internal combustion engines. They can operate on electric power for short – distance commuting, reducing emissions and fuel costs, and switch to the gasoline engine for longer trips, eliminating range anxiety.
This flexibility has attracted a segment of consumers who are hesitant to fully commit to a BEV. The demand for PHEVs has been steadily increasing, especially in regions where charging infrastructure is still being developed. Automotive manufacturers such as Toyota and BMW have been actively promoting their PHEV models, which in turn has driven the need for power modules for their chargers.
Table Global Power Module for EV Charger Market Size by Application in 2025
Application | Market Size (M USD) 2025 |
|---|---|
BEV | 2287.70 |
PHEV | 301.38 |
6 Global Power Module for EV Charger Market Size by Region
In 2025, the consumption value of power modules for EV chargers in North America is projected to reach 173.85 million US dollars. The region has been making significant strides in the EV sector. The United States, in particular, has been a key driver. With the increasing number of EV models from both domestic and international automakers hitting the market, the demand for charging infrastructure has soared.
Companies like Tesla, which is based in the US, has a vast Supercharger network across North America, spurring the need for high – quality power modules. Additionally, government initiatives, such as incentives for EV purchases and infrastructure development, have contributed to the growth. However, challenges remain, including the need for further expansion and standardization of the charging network, especially in rural areas.
Europe is another significant region in the global EV charger power module market. In 2025, the consumption value is estimated at 265.54 million US dollars. Europe has been at the forefront of the EV revolution, driven by strict emissions regulations and a strong push towards carbon neutrality. Many European countries have set ambitious targets for EV adoption. For instance, Norway has one of the highest EV penetration rates globally.
The region is also home to a number of established automotive manufacturers that have been rapidly transitioning to electric mobility. The development of a comprehensive charging infrastructure across the continent, including fast – charging networks along major highways, has been a key factor in driving the demand for power modules. Moreover, collaborative efforts between governments, automakers, and energy companies have been instrumental in shaping the EV market in Europe.
The Asia Pacific region dominates the global power module market for EV chargers. In 2025, its consumption value is projected to be a staggering 2107.19 million US dollars. China, in particular, is a powerhouse in the EV industry. The country has the world’s largest EV market, both in terms of production and consumption. Government policies, such as subsidies for EV manufacturers and incentives for consumers, have led to a rapid increase in EV sales.
Chinese companies have also been actively investing in research and development of charging technologies, resulting in the deployment of a vast charging network. Other countries in the region, like South Korea and Japan, are also contributing to the growth. South Korea has leading battery and EV technology companies, while Japan is focusing on improving its charging infrastructure to support the growing EV fleet.
In South America, the consumption value of power modules for EV chargers in 2025 is expected to reach 23.21 million US dollars. The region’s EV market is still in a relatively nascent stage compared to the above – mentioned regions. However, there is growing potential. Some countries, such as Brazil, have started to implement policies to promote EV adoption, including tax incentives and investment in charging infrastructure. The development of the region’s EV market is also influenced by the availability of renewable energy sources, which can provide a sustainable power supply for EV charging. As the region’s economy develops and environmental awareness increases, the demand for power modules is likely to grow further.
In the Middle East & Africa region, the consumption value of power modules for EV chargers in 2025 is projected to be 19.28 million US dollars. The region has been gradually warming up to the EV trend. In the Middle East, countries like the United Arab Emirates have been investing in smart city initiatives that include the development of EV charging infrastructure. In Africa, some countries are starting to explore the potential of EVs as a means to reduce dependence on imported fossil fuels and lower emissions. However, challenges such as limited financial resources for infrastructure development and a relatively low awareness of EVs still exist.
Figure Global Power Module for EV Charger Market Size (M USD) by Region in 2025
7 Global Power Module for EV Charger Market Analysis by Major Players
Infy Power
Company Profile: Infy Power, established in 2014, is headquartered in China and operates globally. The company is recognized for its commitment to innovation and quality in the power electronics sector.
Business Overview: Infy Power specializes in the provision of power conversion products and system solutions. With a focus on power electronics and intelligent control technology, the company offers a range of products including power conversion modules, charging systems, and energy storage systems. These products are designed to cater to various application scenarios, providing customers with professional and tailored solutions.
Product Offered: Infy Power’s product portfolio for EV chargers includes high-performance charging modules such as the LRG1K0135G, a 40kW liquid-cooled charging module. This module is designed for high-power overcharging of electric vehicles, offering features like good heat dissipation, high reliability, high efficiency, and zero noise. The module meets international safety standards such as TUV/UL and CE, making it suitable for both domestic and international charging system applications.
2023 Revenue Summary: Infy Power recorded a revenue of $403.07 million in 2023, marking it as a leading provider in the power module market for EV chargers.
TELD
Company Profile: TELD, founded in 2014, is based in China with a global market reach. The company is known for its dedication to the research and development of new energy internet of charging networks, micro-grids, and energy storage networks.
Business Overview: TELD is a manufacturer of new energy vehicle charging equipment and a charging network operator. It focuses on the R&D of the “three-network integration” of charging network, micro-grid, and energy storage network. TELD provides users with an overall solution for intelligent charging based on an intelligent energy management system, advanced technology, exquisite products, and high-quality services.
Product Offered: TELD offers products like the MC95ON20, a DC charging module compatible with almost all models’ charging needs. It features an ultra-wide constant power range, excellent low-voltage constant current capability, high weighted efficiency across the full power range, and minimal standby power consumption. The module ensures safer, more reliable, economical, and environmentally adaptable charging systems.
2023 Revenue Summary: TELD achieved a revenue of $232.30 million in 2023, positioning it as a significant player in the market.
Shenzhen UUGreenPower Co., Ltd.
Company Profile: Shenzhen UUUGreenPower Co., Ltd, established in 2015, is headquartered in China and serves the global market. The company is recognized for its innovative approach to providing all-scenario DC fast charging solutions and core components for electric vehicles.
Business Overview: Shenzhen UUGreenPower Co., Ltd is a leading supplier of all-scenario DC fast charging solutions and charging core components for electric vehicles. The company emphasizes market orientation and technology focus, deeply cultivating the field of electric vehicle charging and swapping, and emphasizes innovation and R&D investment.
Product Offered: The company offers products like the UR100040-IP65, a 40kW IP65 DC Charging Module designed for harsh environments. It offers high reliability, maintenance-free operation, and a 5-year warranty, reducing daily maintenance and Total Cost of Ownership (TCO).
2023 Revenue Summary: Shenzhen UUGreenPower Co., Ltd recorded a revenue of $161.60 million in 2023, establishing itself as a major contributor to the power module market for EV chargers.