Press release
DC-DC converter Market Set to Reach $22.11 Billion by 2029 with 11.7% Yearly Growth
DC-DC converter Market
The growth of the DC-DC converter market is predicted to be driven by rising power consumption. Power consumption, defined as the amount of energy used per unit of time, plays a significant role in digital systems. DC-DC converters are commonly employed to swiftly regulate the output stage's supply voltage to a specific value; this must be kept high enough to provide the load with sufficient current without causing saturation. For example, in June 2024, the France-based government organization, the International Energy Agency, reported that total net electricity production had reached 902.8 TWh in September 2024, demonstrating a 5.4% rise from the same period in the previous year. In the first two quarters of 2024, total net electricity production had grown by 2.9% year-to-date. As such, the DC-DC converter market's growth is anticipated to be fueled by increases in power consumption.
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What is the future CAGR of the dc-dc converter market, and how will it impact industry expansion?
The expansion of the DC-DC converter market has been swift and significant in the past few years. The market is projected to rise from the value of $12.78 billion in 2024 to approximately $14.21 billion in 2025, marking a compound annual growth rate (CAGR) of 11.1%. Factors contributing to the discernible growth in the past include the miniaturization of electronics, growing demand for power efficiency, the rise of mobile and consumer electronics, increased emphasis on renewable energy systems, and the progression of automotive electrification.
Expected to experience significant expansion in coming years, the DC-DC converter market is projected to reach a market size of $22.11 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.7%. This anticipated expansion within the predicted period can be linked to various factors including needs from aerospace and defense sectors, higher standards of energy efficiency, increased reliance on data centers and cloud computing, the rise of medical devices and healthcare electronics, as well as e-mobility and environmentally friendly transportation. The forecast period will also see key market trends like the deployment of 5g network, Internet of Things and edge computing, technological breakthroughs, AI and machine learning adoption, and product innovation.
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What are the most significant trends transforming the dc-dc converter market today?
Technological innovations have become a prominent trend in the DC-DC converter market, increasing its popularity. Leading corporations in the DC-DC converter market are manufacturing novel products to fortify their standing. For example, Rohm Semiconductor, a company based in Japan that produces electronic parts, launched the BD9S402MUF-C, a latest buck DC/DC converter IC with a built-in MOSFET (switching regulator), in September 2022. This product is specifically designed for usage in Advanced Driver Assistance Systems (ADAS) and automotive entertainment systems, which are progressively incorporating more complex onboard sensors and cameras. The newly introduced BD9S402MUF-C employs patented QuiCurTM technology that provides high-speed load response, ensuring consistent operation at 30mV - a market-leading standard (measured conditions include 5V input voltage, 1.2V output voltage, 44F output capacitance, and a load current variation of 0 to 2A/2s). This represents a 25% reduction in output voltage flux compared to equivalent standard products. Consequently, it is an ideal fit for the most recent ADAS with stringent power supply requirements demanding steady operation within 5% even in low voltage output scenarios.
Which key market segments comprise the dc-dc converter market and drive its revenue growth?
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
Subsegments:
1) By Isolated DC-DC Converters: Flyback Converters, Forward Converters, Push-Pull Converters, Half-Bridge Converters, Full-Bridge Converters
2) By Nonisolated DC-DC Converters: Buck Converters, Boost Converters, Buck-Boost Converters, Cuk Converters, Sepic Converters
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What regions are at the forefront of dc-dc converter market expansion?
North America was the largest region in the DC-DC converter market in 2024. The regions covered in the DC-DC converter market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the leading players fueling growth in the dc-dc converter market?
Major companies operating in the DC-DC converter market include Texas Instruments Incorporated, Murata Manufacturing Co. Ltd., 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., Flex Ltd., CET Technology, Tri-Mag LLC, Yuan Dean Scientific Co. Ltd., XP Power Ltd., Bel Fuse Inc., CUI Inc., Ericsson Power Modules AB
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What Is Covered In The DC-DC converter Global Market Report?
•Market Size Forecast: Examine the dc-dc converter market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the dc-dc converter market for a structured understanding.
•Key Players Overview: Analyze major players in the dc-dc converter market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the dc-dc converter market.
•Segment Contributions: Evaluate how different segments drive overall growth in the dc-dc converter market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the dc-dc converter market.
•Industry Challenges: Identify potential risks and obstacles affecting the dc-dc converter market.
•Competitive Landscape: Review strategic developments in the dc-dc converter market, including expansions, agreements, and new product launches.
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