Power Module for Electric Vehicle market Trends in Hybrid and Electric Vehicles
The global Power Module for Electric Vehicle market was valued at US$ 1301.2 million in 2023 and is projected to reach US$ 1762.9 million by 2030, with a CAGR of 4.5% during the forecast period. The market has witnessed a significant surge in Electric Vehicle (EV) sales, with China and Europe emeraging as the primary drivers of this growth. In 2022, China's production and sales of new energy vehicles surged by nearly 100%, maintaining its position as the world's largest market for eight consecutive years. Europe also saw a substantial increase in sales of pure electric vehicles, growing by 29% year-on-year.
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The global Power Module for Electric Vehicle market was valued at US$ 1301.2 million in 2023 and is projected to reach US$ 1762.9 million by 2030, with a CAGR of 4.5% during the forecast period. The market has witnessed a significant surge in Electric Vehicle (EV) sales, with China and Europe emeraging as the primary drivers of this growth. In 2022, China's production and sales of new energy vehicles surged by nearly 100%, maintaining its position as the world's largest market for eight consecutive years. Europe also saw a substantial increase in sales of pure electric vehicles, growing by 29% year-on-year.
Transform your business strategy with insights from our customized report, offering in-depth market analysis and reliable growth forecasts. Request a sample today to see how it can shape your path to expansion.@ https://theresearchdeck.co...
09:29 AM - Feb 29, 2024 (UTC)
