IMARC Group, a leading market research company, has recently releases report titled “DC-DC Converter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global DC-DC converter market size, trends, share and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is DC-DC Converter?
A DC-DC converter, also referred to as a switching regulator, is an electronic apparatus designed to transform a direct current (DC) input voltage into a distinct DC output voltage. Compact in size, it boasts high power efficiency and precise voltage regulation capabilities. It offers the flexibility to step up or step down voltage levels, facilitating the smooth integration of power sources with varying voltage requirements. This converter serves as an efficient solution for power conversion across a diverse array of applications. It proves invaluable in supplying power to electronic devices that demand voltage levels different from those provided by the available power source. Consequently, the DC-DC converter finds widespread utility in sectors like automotive, telecommunications, and electronics industries worldwide.
How Big is the DC-DC Converter Market?
The global DC-DC converter market size reached US$ 10.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.
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What Are the Growth Prospects and Trends in the DC-DC Converter Industry?
Currently, the surge in the adoption of portable electronic devices like smartphones, tablets, and wearables stands as a significant driver for market expansion. Furthermore, the increasing deployment of DC-DC converters within renewable energy systems, encompassing solar and wind power, is amplifying market growth. Additionally, the market is benefiting from heightened demand for DC-DC converters driven by the widespread uptake of electric vehicles (EVs) and hybrid electric vehicles (HEVs). This evolving landscape is further enriched by the mounting emphasis on energy efficiency and effective power management, presenting attractive prospects for industry stakeholders. Moreover, the market’s positive trajectory is fortified by the escalating requirement for DC-DC converters, renowned for optimizing energy consumption while mitigating wastage.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Mounting Style:
- Surface Mount
- Through Hole
Breakup by Input Voltage:
- 5-36V
- 36-75V
- 75V and above
Breakup by Output Voltage:
- 3.3V
- 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
Who are the key players operating in the industry?
The report covers the major market players including:
- 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
- Vicor Corporation.