Demand for DC-DC converters is projected to be worth US$ 10,334.6 million in 2022 and to increase at a CAGR of 8.1% to US$ 22,569.1 million from 2022 to 2032. A CAGR of 7.2% was recorded for the DC-DC converter market from 2016 to 2021.
Expanding number of DC powered decides is the key factor contributes the global DC-DC converter market. DC-DC Converter is a type of electronic circuit which converts digital current (DC) voltage level from a lower value to a higher value or vice versa based on the requirements.
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DC-DC power converter are used in vast variety of applications such as power supplies for power supplies for personal computers, office equipment, spacecraft power systems, laptop computers, personal computers, office equipment, spacecraft power systems, heavy trucks, buses, RV vehicles, ships, and lighting systems and so on.
Generally there are two types of DC-DC converter – DC to DC converters with isolation and DC to DC converters without isolation. Some of the commonly used DC to DC converters with isolation includes cuk converter, fly back converter, forward converter, full bridge converter, half bridge converter and push-pull converter. Some of the commonly used DC to DC converters without isolation includes buck converter, boost converter, and buck-boost converter.
DC-DC Converter Market: Market Dynamics
DC-DC converters is the critical component of the power supply chain in data centres and telecommunication facilities, expanding information technology and telecommunication sector across regions globally is the prominent factor drives the growth of global DC-DC converter market.
Increasing number of vehicles, rising focus on battery powered special purpose vehicles and increasing investment on developing battery powered cars & bikes, accelerates the growth of global DC-DC converter market.
Expanding number of dc powered applications in manufacturing, healthcare, defence applications accelerates the growth of global DC-DC converter market. Also, increasing demand for DC-DC converters in space applications contributes the growth of global DC-DC converter market. Challenges related to reduce the power consumption during minimal load is identified as key technological challenges of the global DC-DC converter market.
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Some of the key participants present in the global DC-DC converter market include General Electric, Texas Instruments, Eaton, FDK Corporation, Cosel Co., Ltd., Ericsson, STMicroelectronics, TDK-Lambda Corporation, and Bel Fuse, Inc. Rectifier Technologies Pacific among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as General Electric, Texas Instruments, Eaton, FDK Corporation, Cosel Co., Ltd., Ericsson, STMicroelectronics account for considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific
- In July 2022 – Power management company Eaton announced it has completed the acquisition of a 50% stake in the circuit breaker business of Jiangsu Huineng Electric Co., Ltd. (Huineng), which manufactures and markets low-voltage circuit breakers in China.
- In May 2021 – TDK Corporation announces the introduction of the high voltage output CHVM series of DC-DC converters. Capable of operating from a nominal 12V input, these non-isolated converters deliver output voltages ranging from 180V to 2,000V The CHVM has been designed for use in noise sensitive applications, including photomultiplier tubes, photodiodes, scanning electron microscopes, X-ray fluorescence spectrometers, mass spectrometers and ultrasonic probes.
- General Electric
- Texas Instruments
- FDK Corporation
- Cosel Ltd.
- TDK-Lambda Corporation
- Bel Fuse, Inc.
- Rectifier Technologies Pacific
- ABB Ltd.
- Delta Electronics Inc.
- Infineon Technologies AG
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Key Segments Profiled in the DC-DC Converter Industry Survey
DC-DC Converter Market by product type:
DC-DC Converter Market by Number of Outputs:
- Single Output
- Multiple Output
DC-DC Converter Market by Application:
- Server and Data Storage
- Medical & Healthcare
- Consumer Electronics
- Aerospace & Defence
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