企业竞争图谱：2024年新能源汽车DC/DC转换器 头豹词条报告系列

Investment Rating - The report assigns a 4-star rating to the new energy vehicle DC/DC converter industry, indicating a positive outlook for investment opportunities [30]. Core Insights - The DC/DC converter is a crucial component in new energy vehicles, converting high-voltage DC power from the battery to low-voltage DC power for various electronic systems [4][9]. - The industry is experiencing rapid growth, with the market size increasing from 6.715 billion RMB in 2021 to 18.029 billion RMB in 2023, reflecting a compound annual growth rate (CAGR) of 63.85% [27]. - The adoption of new semiconductor materials like silicon carbide (SiC) and gallium nitride (GaN) is rising, enhancing the efficiency and performance of DC/DC converters [28][20]. Industry Definition - The DC/DC converter in new energy vehicles is essential for converting one DC voltage level to another, powering various low-voltage devices and control systems within the vehicle [4][9]. Industry Classification - The new energy vehicle DC/DC converter industry can be categorized based on circuit topology, including non-isolated bidirectional, isolated bidirectional, boost converters, buck converters, and buck-boost converters [5][6]. Industry Characteristics - Key characteristics of the industry include high conversion efficiency, broad application scenarios, and a trend towards integration [7][10]. - Current conversion efficiencies for DC/DC converters typically reach 90%, with some advanced products achieving up to 95% [8]. Development History - The industry has evolved through three stages: early development (2008-2014), technological enhancement (2015-2020), and intelligent and integrated development (2021-present) [11][15]. - Government policies such as "Made in China 2025" and the "New Energy Vehicle Industry Development Plan (2021-2035)" have significantly supported the industry's growth [12][41]. Industry Chain Analysis - The upstream of the industry includes raw material suppliers, primarily semiconductor devices, which account for over 30% of production costs [16][19]. - The midstream consists of manufacturers of DC/DC converters, facing high entry barriers due to technical and certification requirements [17][21]. - The downstream is driven by the expanding new energy vehicle market, with significant demand for DC/DC converters as vehicle production scales up [18][24]. Market Size - The market size for the new energy vehicle DC/DC converter industry is projected to grow from 22.067 billion RMB in 2024 to 48.323 billion RMB by 2028, with a CAGR of 21.65% [27][30]. - The rapid expansion of the new energy vehicle market, with sales expected to reach 17 million units by 2025, will further drive demand for DC/DC converters [29]. Competitive Landscape - The industry features a diverse range of participants, with high technical barriers limiting new entrants [45][46]. - Leading companies such as Fute Technology and Magmeter have established strong positions due to their technological capabilities and supply chain advantages [48][49].