Investor Presentaiton
Estimated High-Growth Opportunities Across Large
eProduct Market
True Addressable Market¹ ($B)
$173
+9.4%
$145
eProduct
$138
$92
$100
$40
$52
$45
$36
Foundational
2023E
2027E
2030E
eProduct True Addressable Market' ($B)
~20% CAGR
$138
Category CAGR
'23-30
Charging² 26%
eHeating³ 24%
$100
High Voltage
Box & OBC4
20%
$40
2023E
2027E
Inverter
15%
eGear/P4 15%
Battery5 34%
eMotor
18%
Other6
21%
2030E
9
eProduct TAM ~4x Size of Foundational TAM¹ by 2030
~20% Annual eProduct Growth with Power Electronics
Remaining the Largest Market
BORGWARNER
Source: BorgWarner Global Market Research (1) Excludes in-house markets; (2) DCFC, low and high Voltage, LV and CV on-highway; NA + EU + Asia only; (3) cabin and battery heaters only;
(4) DC/DC converters, OBC, standalone and combo units; (5) CV on-highway NA & EU only; (6) other propulsion controllers, FCAS, battery cooling, HV eFan, industrial PE, PE cooling, etc.View entire presentation