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.
An electromechanical device known as a DC-DC converter transforms direct current (DC) sources from one voltage level to another. A DC power source is employed in the majority of appliances when a consistent voltage is necessary. DC-DC power converters are used in a wide range of applications, including power supply for laptop computers, desktop computers, office equipment, spacecraft power systems, heavy trucks, buses, recreational vehicles, ships, and lighting systems, among others.
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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.
DC-DC Converter Market: Regional Outlook
Among all regions, DC-DC converter market in North America is expected to dominate the market, due to increasing data storage and expanding IoT solutions. Asia-Pacific is projected to be the fastest growing DC-DC converter market, due to expanding telecommunication and transportation sector.
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Market Competition
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
Key Segments Profiled in the DC-DC Converter Industry Survey
DC-DC Converter Market by product type:
- Isolated
- Non-isolated
DC-DC Converter Market by Number of Outputs:
- Single Output
- Multiple Output
DC-DC Converter Market by Application:
- Telecommunication
- Server and Data Storage
- Medical & Healthcare
- Consumer Electronics
- Aerospace & Defence
- Manufacturing
- Others
DC-DC Converter Market by Region:
- North America DC-DC Converter Market
- Latin America DC-DC Converter Market
- Europe DC-DC Converter Market
- Asia Pacific DC-DC Converter Market
- Middle East and Africa DC-DC Converter Market
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
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