Press release
DC-DC Converter Market Share 2023: Global Size, Trends Analysis and Report Forecast by 2028
DC-DC Converter Market Report
Industry Overview of DC-DC Converter Market
A direct current to direct current (DC-DC) converter is an electronic apparatus designed to convert one direct current voltage level into another. It encompasses buck converters (step-down), boost converters (step-up), buck-boost converters (step-down or step-up), and isolated converters, each tailored to address specific voltage modulation requirements. This device harnesses electronic components like transistors and inductors to manage the voltage transformation process. Boasting a compact footprint and heightened dependability, it seamlessly integrates into intricate electronic configurations. By curbing power losses during voltage conversion, the DC-DC converter heightens overall energy efficiency, extending battery life in portable devices and refining energy consumption across diverse systems. Its role extends across industries, providing an avenue for adept voltage level management and facilitating power transfer between disparate electrical frameworks. Essentially, it acts as a mediator, adjusting voltage output from a source to align with the requisites of the target system. In essence, the DC-DC converter serves to tackle voltage compatibility hurdles encountered among components or systems operating at distinct voltage tiers. Moreover, it finds application in a gamut of contexts, including renewable energy systems, battery-powered gadgets, automotive electronics, and telecommunications infrastructure.
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, a multitude of advancements in power electronics technology stands as a key impetus driving market expansion. Simultaneously, these converters exhibit the capacity to yield elevated power densities and enhanced efficiency, contributing significantly to market growth. Additionally, the mounting emphasis on energy efficiency and curbing carbon footprints is prompting sectors such as automotive, renewable energy, and consumer electronics to embrace DC-DC converters. This strategic adoption seeks to optimize power consumption and curtail energy wastage. Furthermore, the surging global adoption of electric vehicles (EVs) is opening up enticing growth avenues for industry stakeholders. Within this context, these converters hold paramount importance in managing power conversion across varied voltage levels within EVs, ensuring resourceful energy utilization and prolonging battery longevity. In parallel, the escalating proliferation of data centers, driven by the surge in cloud computing and data-intensive applications, is stoking the demand for DC-DC converters. These converters play a pivotal role in governing power distribution and maintaining stable operations within these data centers. Moreover, the expanding telecommunications networks, necessitating efficient power distribution and voltage control, are amplifying market growth. DC-DC converters emerge as indispensable components in upholding a steady power supply for telecommunication equipment, thereby fortifying market expansion.
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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