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DC-DC converter Market: Major Trends Reshaping the Future of the Industry
DC-DC converter
What Will the DC-DC converter Industry Market Size Be by 2025?
The market size of the dc-dc converter has experienced a significant expansion in the past few years. The market is predicted to increase from $12.78 billion in 2024 to $13.99 billion in 2025, boasting a compound annual growth rate (CAGR) of 9.4%. The rise in the previous period is credited to the miniaturization of electronics, demands for power efficiency, advances in mobile and consumer electronics, the surge in renewable energy systems, and the expansion of automotive electrification.
What's the Long-Term Growth Forecast for the DC-DC converter Market Size Through 2029?
Anticipations of swift expansion are seen for the dc-dc converter market in the upcoming years. Valuing at $21.33 billion by 2029, with a significant compound annual growth rate (CAGR) of 11.1%, the future growth can be credited to factors like the requirement in aerospace and defense, compliance with energy efficiency standards, evolution of data centers and cloud computing, inclusion in medical appliances and health-centered electronics, and employment in e-mobility as well as eco-friendly transportation sectors. Prominent progress tendencies during the forecast period encapsulate the roll-out of 5g networks, the involvement of Internet of Things (IoT) and edge computing, technological breakthroughs, the integration of artificial intelligence (AI) and machine learning (ML), alongside product innovations.
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What Are the Key Growth Drivers Fueling the DC-DC converter Market Expansion?
The escalation in power usage is anticipated to fuel the expansion of the DC-DC converter market. Power consumption, defined as the amount of energy expended over a period of time, has a crucial role in digital systems. DC-DC converters are commonly used to finely tune the voltage of the output phase to a set value, thereby ensuring it is high enough to provide the load with a current without causing saturation. For instance, data from the International Energy Agency, a France-based government body, reveals that total net electricity production in June 2024 reached 902.8 TWh, marking a 5.4% growth from the previous year, during the same period. Accumulatively, the first two quarters of 2024 witnessed a 2.9% increase in total net electricity production. Consequently, the surge in power consumption is anticipated to boost the expansion of the DC-DC converter market.
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Which Emerging Trends Are Transforming the DC-DC converter Market in 2025?
The DC-DC converter market is increasingly being shaped by technological advancements. This has led to the creation of innovative products by top market players to solidify their market position. For instance, Rohm Semiconductor, a Japan-based manufacturer of electronic parts, launched the BD9S402MUF-C, a novel buck DC/DC converter IC with an integrated MOSFET (switching regulator) in September 2022. This product is designed for utilization in Advanced Driver Assistance Systems (ADAS) and car entertainment systems, both of which now feature more advanced onboard sensors and cameras. The BD9S402MUF-C, equipped with the patented QuiCurTM high-speed load response technology, boasts an industry-leading steady operation at just 30mV (measured under conditions of 5V input voltage, 1.2V output voltage, 44F output capacitance, and a load current variation from 0 to 2A/2s). This represents a 25% reduction in output voltage fluctuation in comparison to competitor standard products that offer similar functionality. This makes it an ideal choice for the latest ADAS, which require a power supply that must maintain stable operation within 5% even at low voltage output.
How Is the DC-DC converter Market Segmented?
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, Healare, 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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Which Companies Are Leading the Charge in DC-DC converter Market Innovation?
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
Which Regions Are Leading the Global DC-DC converter Market in Revenue?
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.
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