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According to Future Market Insights' most recent market estimate, the automotive DC-DC converter market is worth US$ 782.4 million in 2023. A CAGR of 33.4% is anticipated in the market during the forecast period.

Recent Developments in the Market

In May 2021, TDK Corporation (TDK) declared a partnership with Contemporary Amperex Technology Co, Limited (CATL) to broaden its product lines, which now include DC-DC converters and electrical parts for electric vehicles. CATL purchases products from TDK in the automotive electrical and power supply categories for use in automotive power units.
With the introduction of a new DC/DC converter by Vitesco Technologies in February 2021, high-voltage vehicles can now also provide energy to the heating discs of the electrically heated EMICAT catalyst.
The unique e-catalyst offers the lowest emissions during actual operation, which is increasingly important in light of upcoming requirements like Euro 7.
Now, a newly developed DC/DC converter transforms the high voltage of the drive system into low voltage and power for the heating disc.
The automotive DC-DC converter market is anticipated to soar to new heights as a result of rising fuel prices and the growing trend toward electric automobiles. These vehicles are popular on the market since they help cut down on vehicle emissions.

The demand for high-performance, low-emission vehicles is rising, and government regulations on vehicle emissions are becoming more stringent. These factors are some of the factors driving the sales of automotive DC-DC converter

Automotive DC-DC converter manufacturers have been forced to expand their selection of products as a result of the increase in sales of commercial vehicles. For instance, Ford created a pickup truck that is all electric and is predicted to have a 300-mile operating range.

Ford had initially planned to develop a hybrid powertrain, but the company has now changed its mind and now prefers a fully electric truck. The F-150 electrified went on sale in 2022. The expansion of the automotive DC-DC converter market is attributed to the growing electrification of the automotive industry across all geographies and countries.

Sales of electric vehicles surged significantly during the pandemic, despite the fact that the automobile industry faced major difficulties during that time. Due to the technologically superior, environmentally friendly components that are included in electric vehicles, their initial cost is more than that of gasoline-powered engines, but their ongoing costs are cheaper.

Moreover, the Asia-Pacific region is predicted to have a significant share of the market throughout the forecast period due to expanding vehicle production and the growing focus that major governments are putting to the electrification of vehicles.

For more information: https://www.futuremarketinsigh....ts.com/reports/autom
Key Takeaways

The automotive DC-DC converter market is likely to have a CAGR of 33.4% during the forecast period.
Historically, the automotive DC-DC converter market had a CAGR of 22.8% between 2018-2022.
The value of the automotive DC-DC converter market is expected to be US$ 13,962.9 million by 2033.
Based on propulsion type, the PHEV segment has a 64.1% share in the automotive DC-DC converter
The US dominates the automotive DC-DC converter market with a share of 12.9% by 2033.
During the forecast period, the automotive DC-DC converter market in China is likely to showcase a CAGR of 26%.
Competitive Landscape

Automotive DC-DC converter vendors who rely heavily on established markets for their sales must successfully reinvent their product lines in order to ensure low environmental impact and well-designed digital features.

Some of the major key players in the market are Robert Bosch GmbH, Denso Corporation, Toyota Industries Corporation, Delta Electronics, Continental AG, Tesla, Hella GmbH & Co. KGaA, Hyundai, Honda, BorgWarner Inc, Ford, and Vicor Corporation.

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Latest New Holland 5620 Price, Features, Specification, & Review 2023

One of the most effective tractors in India is the New Holland 5620 Tx Plus. It is manufactured by the New Holland tractor company. The New Holland 5620 is one of several powerful tractors produced by the company. It is made with sustainable farming solutions to ensure profitable farming. Essentially, the New Holland 5620 Tx Plus tractor is one solution to a wide range of farming issues. As a result, it became the best option for Indian farmers. So, if you want to buy this tractor and want to know everything about it, then keep reading. The New Holland 5620 Tx Plus Tractor's features, quality, and reasonable price are all displayed here.

Its three-cylinder, 65 HP engine spins at 2300 RPM. The engine capacity of the New Holland Tractor 5620 Tx Plus provides efficient field mileage. The solid engine possesses all of the characteristics that ensure high profits. It includes a water-cooled and dry air filter, which improves the engine's operating system by keeping it clean and cool. These features prevent overheating and dust buildup in the internal systems. The New Holland 5620 Tx Plus is a powerful tractor that gets good mileage. The 5620 Tx Plus 2WD/4WD Tractor is capable of delivering high-field performance. It has a PTO horsepower of 57, which powers the attached farming implements for various farming applications.In India, the New Holland 5620 Tx Plus is a popular tractor model from the New Holland tractor brand. In the tractor and commercial vehicle markets, New Holland is well renowned in India for producing best-in-class tractors and engines. This success is the result of many decades of tractor manufacturing in India.

New Holland 5620 Tx Plus Features -

The New Holland 5620 tractor is designed with cutting-edge technology. These characteristics make it suitable for agriculture and related industries. Check out all of this tractor's exceptional features in the section below.

There is a double clutch on the New Holland 5620 Tx Plus. This top clutch ensures farmer convenience by making its operations simple to operate.
It is equipped with 12 F + 4 R UG / 12 F + 3 R Creeper gearboxes.
Smooth Power Steering is the steering type used by the New Holland 5620 Tx Plus.
It has a large fuel tank capacity of litres for long hours on farms. This large fuel tank provides excellent fuel efficiency.
The lifting capacity of the New Holland 5620 Tx Plus is 2100 kg. This lifting capacity aids in the handling of loads and farm implements.
This tractor has a 2050 MM wheelbase and a high Ground Clearance.
New Holland 5620 Tx Plus Applications -

Rotavator
Disc Plough
Harrow
Tipping Trailer
Seed Drill
Cultivation
Haulage
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