Press release
DC-DC converter Market Size, Share, Trends, Demand, Growth, Challenges and Competitive Analysis
DC-DC converter Market Trends
As per the report, the dc-dc converter market size has grown rapidly in recent years. It will grow from $11.6 billion in 2023 to $12.99 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The dc-dc converter market size is expected to see rapid growth in the next few years. It will grow to $20.26 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%.
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Rising Power Consumption Fuels Demand In The Dc-Dc Converter Market
Increasing power consumption is expected to propel the growth of the DC-DC converter market going forward. The quantity of energy utilized per unit of time is known as power consumption. Power use is a significant factor in digital systems. DC-DC converters are typically used to quickly control the supply voltage of the output stage to a predetermined value. It simply needs to be maintained high enough to supply the load with a stimulating current without saturating. For instance, according to the U.S. Energy Information Administration, a US-based principal agency of the U.S. Federal Statistical System, total U.S. electricity consumption in 2021 was about 3.93 trillion kWh, with around 3.79 trillion kWh of power sold at retail in 2021, accounting for 97% of all electricity use. Therefore, increasing power consumption is driving the demand for the DC-DC converter market.
Technological Advancements Drive Innovation In The Dc-Dc Converter Market
Technological advancements have emerged as the key trend gaining popularity in the DC-DC converter market. Major companies operating in the DC-DC converter market are developing innovative products to reinforce their position. For instance, in September 2022, Rohm Semiconductor, a Japan-based electronic parts manufacturer introduced the BD9S402MUF-C, a new buck DC/DC converter IC with integrated MOSFET (switching regulator) for use in ADAS (Advanced Driver Assistance Systems) and entertainment systems in cars, which incorporate more sophisticated onboard sensors and cameras. The new BD9S402MUF-C is incorporated with patented QuiCurTM high-speed load response technology, enabling steady operation at a market-leading 30mV (measured conditions: 5V input voltage, 1.2V output voltage, 44F output capacitance, load current variation 0 to 2A/2s) and translates to a 25% decrease in output voltage fluctuation compared to industry-leading standard products with equivalent functionality, which makes it perfect for use in the newest ADAS with challenging power supply requirements that demand stable operation within 5% even with low voltage output.
The dc-dc converter market covered in this report is segmented -
1) By Product Type: Isolated DC-DC Converters, Nonisolated 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
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Major companies operating in the dc-dc converter market include Texas Instruments Incorporated, Telefonaktiebolaget LM Ericsson, Murata Manufacturing Co. Ltd., General Electric Company, Delta Electronics Inc., Vicor Corporation, TDK-Lambda Corporation, Infineon Technologies AG, MEAN WELL Enterprises Co. Ltd., Cincon Electronics Co. Ltd., RECOM Power GmbH, Würth Elektronik eiSos GmbH & Co. KG, Traco Electronic AG, Mornsun Guangzhou Science & Technology Co. Ltd., Lambda Corporation, Flex Ltd., CET Technology, Karl Kruse GmbH & Co. KG, Epic Power, Tri-Mag LLC, Yuan Dean Scientific Co. Ltd., XP Power Ltd., Bel Fuse Inc., CUI Inc., Ericsson Power Modules AB
Contents of the report:
1. Executive Summary
2. DC-DC converter Market Report Structure
3. DC-DC converter Market Trends And Strategies
4. DC-DC converter Market - Macro Economic Scenario
5. DC-DC converter Market Size And Growth
…..
27. DC-DC converter Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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