Press release
DC-DC Converter Market Size, Share, Industry Analysis and Report 2023-2028
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.
Industry Overview of DC-DC Converter Market
A DC-DC converter, also known as a voltage converter or voltage regulator, is an essential electronic device utilized in various industries to efficiently transform and regulate DC voltage levels. It serves the critical function of converting one voltage level to another and facilitates the proper operation of electronic equipment and systems. It is beneficial in applications where the input voltage from a power source does not align with the required voltage levels of a specific application. It ensures a consistent and reliable supply of power to sensitive electronic components and enables optimal performance while preventing potential damage. It assists in maintaining stable voltage levels, improving energy efficiency, and enhancing the overall reliability of the systems. As it minimizes power losses during the conversion process, reduces energy wastage, and optimizes the utilization of available power sources, the demand for DC-DC converters is increasing around the world.
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What Are the Growth Prospects and Trends in the DC-DC Converter Industry?
At present, the rising adoption of electric vehicles (EVs) and renewable energy source solutions among the masses worldwide represents one of the major factors strengthening the growth of the market. In line with this, the growing demand for portable electronic devices, such as personal computers (PCs), smartphones, laptops, and wearable gadgets, along with the ease of internet facilities across the globe, is positively influencing the market. Additionally, the increasing adoption of DC-DC converters, as they benefit in delivering the required power levels while minimizing energy wastage, is bolstering the growth of the market. Apart from this, the rising preference for sustainable transportation solutions to reduce carbon emissions around the world is offering lucrative growth opportunities to industry investors. In addition, there is an increase in the demand for efficient power management and longer battery life in consumer electronics products. This, coupled with the rising preference for compact and lightweight electronic systems among the masses, is contributing to the growth of the market. Besides this, the growing demand for DC-DC converters in EV charging infrastructure to ensure seamless power conversion between various voltage levels in EV batteries and charging stations is offering a positive market outlook. Moreover, the increasing adoption of DC-DC converters in industrial automation and data centers to enable efficient power distribution and management across interconnected devices and ensure smooth operation and optimal energy consumption is propelling the growth of the market. Furthermore, the rising demand for high-performance miniaturized DC-DC converters due to the increasing popularity of miniaturization in the electronics industry is impelling the growth of the market.
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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
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o 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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