Global DC-DC Converter Market is expected to grow at a robust CAGR.
Global DC-DC Converter Market is expected to grow owing to
increasing usage portable electronic devices such as cell phones, laptops, and
computers throughout the forecast period.
According to TechSci Research report, “DC-DC Converter Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”,
the Global DC-DC Converter Market is expected to register
robust growth during the forecast period owing to growing demand for portable
electronic devices, such as cellular phones, laptops, and computers, driven by
increasing internet penetration, is a significant factor propelling market
growth. Additionally, DC-DC converters play a crucial role in electric vehicles
(EVs), ensuring efficient energy conversion, powering vehicle accessories, and
recharging auxiliary batteries. These factors, coupled with escalating
environmental concerns, individual awareness of high vehicular pollution
levels, and government initiatives to reduce carbon footprints, are exerting a
positive influence on the market. Furthermore, as conventional energy sources
like coal, oil, and natural gas continue to deplete, the worldwide development
and application of renewable energy sources are on the rise. Consequently,
there is a growing need for DC-DC converters to achieve precise control of
input and output characteristics, enhancing the applicability and reliability
of energy management systems.
The global expansion of
environmentally friendly electric vehicles presents a lucrative market
potential for DC-DC converters. Power electronics components are extensively
utilized in the automotive sector, driven by the significant growth in electric
vehicle development. Power electronics and power converters continue to evolve
in the realm of electric vehicles, resulting in price fluctuations for
converter components. The growth of power electronics is propelled by factors
such as increased electronic content per vehicle, adoption of new safety
features, advancements in vehicle powertrain, and the rise of vehicle
management and connectivity features. These factors create promising
opportunities for the growth of the DC-DC converter market.
Browse over XX market data Figures spread
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The Global DC-DC
Converter Market is segmented based on input voltage, output voltage, mounting
style, application and region. Based on input voltage, the market is bifurcated
into 5-36V, 36-75V and 75V & above. Based on output voltage, the market is
bifurcated into 3.3V, 5V, 12V, 15V & above. Based on mounting style, the
market is bifurcated into surface mount and through hole. Based on application,
the market is bifurcated into smartphone, servers pcs, ev battery, railway and
medical equipment. Based on region, the market is further bifurcated into North
America, Asia-Pacific, Europe, South America, Middle East & Africa.
Based on Type, Input Voltage segment is expected to dominate the market during the forecast period. The
5–36V segment is projected to dominate the market during the forecast period.
DC-DC converters in the 5–36V range offer top-notch I/O isolation and
high-performance capabilities, making them ideal for network equipment,
industrial applications, railways, and the transportation sector. These
converters are well-suited for data switching circuits, relay-driven circuits,
low-frequency analog circuits, and pure digital circuits. The growing railway
and transportation sectors, along with the increasing use of network equipment,
are expected to create lucrative opportunities in the market for DC-DC
converters.
Based on Output
Voltage, 5V segment is projected to dominate the market throughout the forecast
period. 5V DC-DC converters are specifically designed for distributed power
supply systems that require isolated voltage. The market for DC-DC converters
presents significant potential due to the growing demand for electric vehicles,
the expanding medical sector, aircraft electrification, consumer electronics,
and transportation. Typically, this voltage needs to be stepped down to a lower
intermediate bus voltage, specifically 5V or lower, in order to power the
system's support boards.
Key market players in the Global DC-DC
Converter Market are:-
- Advanced
Energy Industries, Inc.
- Analog
Devices, Inc.
- ABB Ltd
- Crane
Holdings, Co.
- Delta
Electronics, Inc.
- Flex Ltd
- Infineon
Technologies AG
- Murata
Manufacturing Co., Ltd.
- NXP
Semiconductor
- Renesas
Electronics Corporation
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“The
Asia Pacific market is expected to dominate the industry in the forecast
period, driven by the expansion of the telecommunications and transport
sectors. Countries like China, South Korea, Singapore, and Japan are actively
upgrading their network infrastructures to support 5G technology. This will
subsequently drive the demand for 5G-enabled devices and stimulate the market.
The forecast period also predicts growth in vertical telecommunications for the
converter, supported by increased usage of cell phones, tablets, and the
upcoming 5G spectrum.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“DC-DC Converter Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast 2018-2028 Segmented By Input Voltage (5-36V, 36-75V
and 75V & above), By Output Voltage (3.3V, 5V, 12V, 15V & above), By
Mounting Style (Surface Mount and Through Hole), By Application (Smartphone,
Servers PCs, EV Battery, Railway and Medical Equipment), By Region,” has evaluated the future growth potential of Global DC-DC Converter Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global DC-DC Converter Market.
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