Press release
DC-DC Converter Market Poised to Reach $20.26 Billion by 2028 - Driven by Escalating Power Consumption and Electric Bus Adoption
DC-DC Converter Global Market Report
The DC-DC converter market has undergone rapid expansion, catapulting from $11.6 billion in 2023 to a projected $12.99 billion in 2024, showcasing a notable Compound Annual Growth Rate (CAGR) of 12.0%. The momentum is anticipated to persist, with forecasts indicating a robust surge to $20.26 billion by 2028, maintaining a formidable CAGR of 11.8%.
Driving Forces for Growth:
Escalating Power Consumption: The continual rise in power consumption stands as a pivotal factor propelling the DC-DC converter market's growth. In digital systems, where power usage is a critical consideration, DC-DC converters play a key role in swiftly adjusting the output stage's supply voltage to a predefined value. The U.S. Energy Information Administration reports that total U.S. electricity consumption in 2021 reached about 3.93 trillion kWh, underscoring the significant role of DC-DC converters in managing power demands.
Surge in Electric Bus Adoption: The increasing adoption of electric buses is a driving force behind the DC-DC converter market's expansion. Electric buses, powered by electric motors, rely on DC-DC converters to transform high voltage DC power from batteries into the low voltage DC power essential for vehicle accessories. With a 66% increase in new zero-emission battery-electric and fuel-cell electric transit buses in the U.S. in 2022, the demand for DC-DC converters is witnessing a substantial uptick.
Explore the Global DC-DC converter Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7719&type=smp
Key Players:
Major industry players shaping the DC-DC converter market include Texas Instruments Incorporated, Telefonaktiebolaget LM Ericsson, Murata Manufacturing Co. Ltd., and General Electric Company. These industry leaders play a pivotal role in steering innovations and strategic initiatives.
Industry Dynamics and Innovations:
Technological Advancements: Technological advancements emerge as a key trend driving popularity in the DC-DC converter market. Leading companies are at the forefront of developing innovative products to fortify their market position. For instance, Rohm Semiconductor introduced the BD9S402MUF-C, a buck DC/DC converter IC with integrated MOSFET, catering to Advanced Driver Assistance Systems (ADAS) and in-car entertainment systems. This innovative solution boasts QuiCur high-speed load response technology, ensuring stable operation and a significant reduction in output voltage fluctuation.
Innovative Product Launches: Major companies in the DC-DC converter market are focusing on innovative product launches to diversify their portfolios and gain a competitive edge. The introduction of ruggedized non-isolated DC-DC converters by TDK Corporation exemplifies this trend. Designed for harsh environments, these converters find applications in robotics, Automated Guided Vehicles (AGVs), communications, and portable battery-powered equipment, showcasing the industry's commitment to robust solutions.
Regional Dynamics and Market Segmentation:
In 2023, North America took the lead as the largest region in the DC-DC converter market, with Asia-Pacific anticipated to emerge as the fastest-growing region.
The DC-DC converter market covered in this report is segmented -
1) By Product Type: Isolated DC-DC Converters, Non isolated DC-DC Converters
2) By Input Voltage: 3V-14V, 15V-35V, 36V-75V, >75V
3) By Output Power: 0.25W-250W, 250W-500W, 500W-1000W, >1000W
4) By Industry: Consumer Electronics, Healthcare, Automotive, IT and Telecommunication, Aerospace and Defense, Railways, Energy and Power, Other Industries
Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/dc-dc-converter-global-market-report
DC-DC converter Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The DC-DC converter Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on DC-DC converter market size, DC-DC converter market drivers and trends, DC-DC converter market major players, competitors' revenues, market positioning, and DC-DC converter market growth across geographies. The DC-DC converter market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Instrument Transformers Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/instrument-transformers-global-market-report
Machinery Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/machinery-global-market-report
Transformers Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/transformers-global-market-report
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Check out our:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 6500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Global Market Model - Market Intelligence Database
The Global Market Model, The Business Research Company's flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.
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 DC-DC Converter Market Poised to Reach $20.26 Billion by 2028 - Driven by Escalating Power Consumption and Electric Bus Adoption here
News-ID: 3366515 • Views: …
More Releases from The Business Research Company
Transition Toward Smart Grids Is Fueling The Growth Of The Market Due To Rising …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
Data Center Transfer Switches And Switchgears Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
The market for data center transfer switches and switchgears has experienced significant growth in the recent past. The market, which was at $3.00 billion in 2024 is projected to reach $3.32…
Cryogenic Valve For Space Market Expected to Achieve 8.9% CAGR by 2029: Growth F …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
What Is the Expected CAGR for the Cryogenic Valve For Space Market Through 2025?_x000D_
Over the past few years, the market size for cryogenic valves in the space industry has seen robust growth. The market will experience an expansion from $1.33 billion in 2024 to $1.45 billion in 2025,…
Counter Swarm Drone Technology Market Trends That Will Shape the Next Decade: In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
What Will the Counter Swarm Drone Technology Industry Market Size Be by 2025?_x000D_
The market size for counter swarm drone technology has seen a significant expansion in the last few years. It is projected to rise from $1.29 billion in 2024 to $1.62 billion in 2025, with a compound…
Emerging Trends to Reshape the Corporate Governance Services Market: Advancement …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Corporate Governance Services Market Size Growth Forecast: What to Expect by 2025?
In recent years, the market size for corporate governance services has greatly expanded. Current projections show that the market will expand from $4.65 billion in 2024 to $5.08 billion in 2025 with a compound annual growth rate…
More Releases for Bus
Fire-resistant bus duct is a special bus duct
Fire-resistant bus duct [https://www.zrutong.com/corrosion-resistant-intensive-busbar-strength-aluminum-alloy-structure-special-anti-corrosion-treatment-product/] is a special bus duct, which adopts special materials and structural design, and can maintain good electrical performance in high temperature environment, ensuring the continuous supply of electricity. Its structure is generally composed of conductor, insulation layer and shell. The conductor is usually made of copper or aluminum, which has good conductivity and strength; the insulation layer is an important part to ensure that the current…
School Bus Market is Booming Worldwide | Starcraft Bus, Trans Tech, IC Bus, Thom …
Advance Market Analytics published a new research publication on "School Bus Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the School Bus market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy of…
Autonomous Bus Door Market Future Prospects - Schaltbau Holding, Vapor Bus Inter …
This intensive research report entitled Autonomous Bus Door Market 2023 compiled and published by MarketsandResearch.biz entails a market synopsis and offers a definition & outline of the market. The report comprises historical data, significance, statistical data, size & share, market analysis by product and market trends by key players, and market price & demand. The market is separated by product type, application, and country. The report targets the current as…
Global School Bus Market 2019 - Collins Industries, Starcraft Bus, Trans Tech, I …
School Bus Market
The global School Bus market research report comprises of the basic insights that are relevant to the global market. The report being an all-inclusive one will be of great help to the users in order to understand not only the market trends, but also the size, forecast trends, production, share, demand, sales, and many such aspects
International global School Bus market report has been replete with step by step…
Global School Bus Market 2018 - Micro Bird, Starcraft Bus, Trans Tech, Van Con, …
Eminent Market Reports, recently published a detailed market research study focused on the “School Bus Market” across the global, regional and country level. The report provides 360° analysis of “School Bus Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of School Bus on…
Global Bus Market 2018 - Beiqi Foton Motor, JMCG, JAC, BYD, Yangzhou Asiastar Bu …
Eminent Market Reports, recently published a detailed market research study focused on the “Bus Market” across the global, regional and country level. The report provides 360° analysis of “Bus Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Bus on the basis of…
