openPR Logo
Press release

Key Players, SWOT Analysis, Key Indicators, and Forecast for the Digital Power Conversion Market to 2029

08-05-2022 11:45 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Key Players, SWOT Analysis, Key Indicators, and Forecast for

The Digital Power Conversion Market is expected to grow from US$ 17,606 Mn in 2022 to US$ 38,340 Mn by 2029 and exhibiting a remarkable 11.8% CAGR between 2022 and 2029.
Increasing demand for power supply solutions will continue to bolster the growth of digital power conversion market over the following years. Rising adoption of electric cars and smart home appliances will also remain among the key boosters to market growth.
Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-612
Key Takeaways - Digital Power Conversion Market Study
• Adoption of power conditioning/active power filtering continues to broaden in developing and developed countries.
• Communication infrastructure requires high power applications, digital power management and control, mainly applied to switched-mode power supply (SMPS), which captures a substantial share of various digital power conversion systems.
• Isolated DC/DC converters can be used to interface elements in the Electric Vehicles (EVs), Hybrid Electric Vehicles (HEVs) and Fuel Cell Electric Vehicles (FCEVs).
• Demand for digital power conversion in infrastructure communication and automotive industry is set to increase at the CAGR of ~9.6% and ~11.8% respectively, during the forecast period.
• As compared to developing regional markets, demand for digital power conversion will be higher in North American countries and some of the fast developing economies across Asia Pacific excluding Japan (APEJ).
Key Players Targeting APEJ for Expansion
North America has been a prominent market for digital power conversion demand that currently accounts for around 30% share in market. However, APEJ's digital power conversion market is set to exhibit a higher CAGR over projection period owing to the strong economic growth of the region and exceptional growth of the consumer electronics industry.
Major players in the market for digital power conversion focus on expanding their businesses across countries in Asia Pacific, such as India and various ASEAN countries. Increasing investments by governments of these countries in the communication infrastructure attract different digital power conversion providers to continue their businesses in these countries.
In February 2022, Schneider Electric, one of the leaders in automation transformation and electronic energy management, introduces Masterpact MTZ, the next generation of high-power low-voltage circuit breakers, merging the iconic reliability and high performance of the business with enhance digital competence.
Ask an Analyst @
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-612
Manufacturers Prioritizing Extended Product Line-ups
To offer digital power conversion, companies have started investing in core application areas such as communication for Internet of Things (IoT), digital services (OSS/BSS and telecom core) in the digital power conversion market and meet the growing demand from various application industries, including IT & telecom, automotive, and manufacturing industries.
In September 2022, Flex Power Modules introduced the BMR490 DC-DC converter with active current sharing. The new sharing mechanism makes parallel use of two or more converters for challenging datacom applications, delivering higher power on a single rail and increasing redundancy. Earlier in January 2022, TDK Corporation acquired Nextys SA and make it a wholly-owned subsidiary. Nextys designs and produces a wide product line of DIN rail power supplies and accessories in addition to the product portfolio of TDK-Lambda. "DIN rail" is a mounting mechanism for equipment, which is commonly found in modules for industrial control equipment.
Know More about Digital Power Conversion Market Report
In its new offering, Future Market Insights puts forward an unbiased analysis of the global market for digital power conversion, providing historical demand data (2014-2021) and forecast statistics for 2022-2029.
Request for Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-612
Digital Power Conversion Market Outlook by Category
By Product
• AC/DC Power Conversion
• Isolated DC/DC Power Conversion
• Sequencers
• DC/AC Power Conversion
• Power Conditioning/Active Power Filtering
• Hot Swap
By Application
• Communication Infrastructure
• Enterprise & Cloud Computing
• Automotive
• Industrial
Region:
• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East and Africa

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Key Players, SWOT Analysis, Key Indicators, and Forecast for the Digital Power Conversion Market to 2029 here

News-ID: 2699584 • Views: 335

More Releases from Future Market Insights

Sheet Metal Market Size, Share, Trends and Forecast 2029
This Sheet Metal Analysis market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all
Fintech-as-a-Service Platform Market estimated to grow by more than 10% CAGR fro …
The Fintech-as-a-Service Platform market estimated to grow by more than 10% CAGR from 2021-2031. Fintech-as-a-Service Platform is software which helps to improve and automate the customer experience with the help of financial services. It helps to manage financial operations in easier way for business owners. It helps companies, business owners and consumers to manage their processes, financial operations, and lives in better way by utilizing specialized algorithms and software. According to research,
Tape Measure Market Development Status, Competition Analysis, Type and Applicati …
The tape measure market is set to witness steady growth during 2021-2031, with a CAGR of around 4.5-5.0%. A tape measure is a portable device used to measure the size of an object up to 10m or more. The scale is a flexible strip composed of steel or carbon steel. The growing and expanding construction industry globally is likely to keep the sales of tape measures running. Moreover, other sectors such
oal Briquettes Market is expected to grow with a CAGR of around 5-6% during the …
According to latest research conducted on Coal briquettes market, it is expected to grow with a CAGR of around 5-6% during the forecast period 2021-2031. The market is being driven by its applications in industries that require a constant temperature and high thermal efficiency (Steel plants). However, the market's growth is being hampered by unfavourable conditions caused by the COVID-19 outbreak. What is Driving Demand for Coal Briquettes? Coal briquettes are blocks

All 5 Releases