According to the latest report by IMARC Group, titled “DC-DC Converter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global dc-dc converter market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.
What is the growth rate of the DC-DC converter market?
The global dc-dc converter market size reached a value of US$ 9.81 Billion in 2021, and it is projected to reach a value of US$ 15.63 Billion by 2027, exhibiting a CAGR of 7.80% during 2022-2027.
DC-DC converters, also known as linear or switching regulators, are electromechanical devices that convert direct current (DC) sources from one voltage level to another. These high-frequency power conversion circuits use high-frequency switching and inductors, transformers, and capacitors to smooth out switching noise into regulated DC voltages. They isolate susceptible components in a circuit from other components to avoid any damage. DC-DC converters are used in portable devices such as cellular phones, laptops, and computers. Consequently, they find extensive applications across various end-user industries such as consumer electronics, IT and telecommunication, energy and power, and automotive.
DC-DC Converter Market Trends and Drivers:
The global DC-DC converter market is primarily driven by the significant growth of the power sector owing to the rising demand for energy. Besides this, the rising adoption of electric vehicles is fueling the market growth as DC-DC converters play a vital role in electric vehicles (EVs) to ensure high-efficiency energy conversion and recharge the auxiliary battery.
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In addition, the rising demand for cost-effective and high-performance electronic modules, along with the implementation of the internet of things (IoT) technology, are also propelling the demand for DC-DC converters. Nowadays, several manufacturers are offering DC-DC converters that allow customers to develop and differentiate their power designs.
Furthermore, governments in various countries are taking initiatives to reduce vehicular emissions and carbon footprint, which is shifting the preference toward DC-DC converters. These factors are anticipated to facilitate market growth in the upcoming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global DC-DC Converter Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Who are the key players and innovators in the ecosystem of the DC-DC converter market?
ABB Ltd, Bel Fuse Inc., Delta Electronics Inc., Fujitsu Limited, General Electric Company, Infineon Technologies AG, Meggitt plc, Murata Manufacturing Co. Ltd., RECOM Power GmbH, STMicroelectronics, TDK Corporation and Vicor Corporation.
The report has segmented the market on the basis of region, mounting style, input voltage, output voltage and application.
Breakup by Mounting Style:
- Surface Mount
- Through Hole
Breakup by Input Voltage:
- 5-36V
- 36-75V
- 75V and Above
Breakup by Output Voltage:
- 3V
- 5V
- 12V
- 15V and Above
Breakup by Application:
- Smartphone
- Servers PCs
- EV Battery
- Railway
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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