EV Power Control Unit Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Vehicle Type (Two-Wheeler, Passenger Car, Three-Wheeler, Commercial Vehicle), By Demand Category (OEM vs Replacement), By Component (Inverter, Low Voltage DC-DC Converter, Vehicle Control Unit, Others) and By Region
Published Date: May - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization
Download Sample Ask for Discount Request Customization
The EV Power Control Unit (EV PCU) industry is set to expand over the next few years, fueled by rising demand for electric vehicles and the demand for enhanced power management systems. The global market for EV PCU was worth USD 12.91 billion in 2023 and is set to grow to USD 39.57 billion by 2030, growing at a CAGR of 17.4%.
Global EV power control unit market is expected to develop at a high CAGR throughout the forecast period. Top governments are enforcing stringent emission regulations to lower the emission of harmful pollutants into the environment, which in turn is triggering the demand for zero-emission electric vehicles. The growth in demand for improved mileage in vehicles and fuel efficiency is encouraging the demand for high power battery thus driving the EV power control unit market. Favorable government policies to encourage electric vehicle production and usage in the form of income tax rebates, reimbursement policies, subsidies are anticipated to increase the sale of electric vehicles across the world.
The increase in the investment of the major authorities for the development of effective electric vehicle charging and hydrogen fueling stations is expected to drive the demand for electric vehicles globally that further is expected to boost the global EV power control unit market growth over the next five years.
Increased technology and the drop in the cost required for producing electric vehicle battery on a larger scale are projected to play an important role in the growth of the global EV power control unit market. This is because decreasing the manufacturing costs of batteries and lowering cathode prices will, in turn, affect the sale of electric vehicles worldwide.
Global EV power control unit market is segmented into vehicle type, demand category, component, regional distribution, and company. Based on regional analysis, the Asia-pacific region is expected to dominate the global EV power control market for the forecast period, 2022-2026. The presence of several developing countries such as India and China due to favorable government initiatives and the high demand for emission-free vehicles contributes to market growth.
Download Sample Ask for Discount Request Customization
Market Segmentation
-
By Vehicle Type
Passenger vehicles and commercial vehicles are key segments within the EV PCU market, with passenger vehicles likely driving the largest growth.
-
By Component Type
EV PCUs typically include components such as inverters, converters, and power distribution modules.
-
By Voltage
36/48V and higher voltage EV PCUs are gaining traction as EVs increasingly utilize high-voltage subsystems for efficiency and performance.
The major players operating in the global EV power control unit market
Keihin Corporation
Electrodrive Powertrain Solutions Pvt. Ltd
Pektron Group Ltd.
BorgWarner Inc.
Mitsubishi Electric Corporation
Years considered for this report
Historical Years2016-2019
Base Year2020
Estimated Year2021
Forecast Period2022–2026
Objective of the Study
- To analyze the historical growth of the market size of global EV power control unit market from 2016 to 2019.
- To estimate and forecast the market size of global EV power control unit market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast global EV power control unit market based on vehicle type, demand category, component, regional distribution, and company.
- To identify dominant region or segment in the global EV power control unit market.
- To identify drivers and challenges for global EV power control unit market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global EV power control unit market.
- To identify and analyze the profile of leading players operating in global EV power control unit market.
- To identify key sustainable strategies adopted by market players in global EV power control unit market.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers who could not be identified due to the limitations of secondary research. Market Insights Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Key Target Audience
- EV power control unit manufacturing companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to EV power control unit market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy