APAC region’s market for electric vehicle systems is entering a crucial stage of rapid growth, fueled by aligned government policies & fast-
The Asia-Pacific (APAC) #electric_vehicle (#xEV) systems market is entering a crucial phase of rapid growth, driven by supportive government policies and rapid technological advancements. As electric powertrains become more prevalent, investments are surging in key areas such as power electronics, on-board chargers, and advanced thermal management systems. This sets the stage for strong and steady growth throughout the remainder of the decade, with xEV technologies poised to become a major force shaping the global automotive industry. According to GlobalData, the APAC xEV market is expected to grow at a compound annual growth rate (CAGR) of 7.2% between 2025 and 2030.
