Digital Power Conversion Market: AC/DC Segment Projected to be the Most Attractive Product Type
There are several aspects that influence the growth of the global digital power conversion market. Increasing usage of DPS across diversified industry application, favourable government policies, rising demand for digital power conversion in downstream markets, use of advanced power control solutions, growth in the Automotive sector have been supporting the growth of the global digital power conversion market.
Also, increasing use of wireless infrastructure, growth of consumer electronics segment, increasing investment by MNCs and semiconductor manufacturers, increasing industrial automation, increasing manufacturing activities, rising power electronics device market, rising demand for high end power electronic products and boom in the digital sector have been supporting the growth of the global digital power conversion market.
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The global digital power conversion market has been segmented by product type, by application and by region.
By region, the global power conversion market in Asia Pacific excluding Japan (APEJ) region is expected to grow at a healthy pace to reach a higher market valuation of about US$ 10.5 Bn by the end of the forecasted year.
By product type category, the AC/DC segment is poised to be the largest segment in terms of market value and share during the period of assessment.
By application, industrial segment is expected to be the largest segment in terms of higher market valuation and is estimated to reach a value of more than US$ 20 Bn by the end of 2027.
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The global digital power conversion market research study has included analysis on the key players operating within the market. Various aspects such as SWOT analysis, geographical reach, strategies, product portfolio, expansion plans, mergers and acquisitions, key developments, distribution channel analysis etc., of the key players have been covered in this study.
Key companies such as Texas Instruments Inc., EnOcean GmbH, NXP Semiconductor, Inc., Vertiv Co (formerly, Emerson Network Power), Ericsson Power Modules AB, General Electric Energy division, Infineon Technologies A.G, Microchip Technology Inc., TDK Corporation, Cosel CO. Ltd., and Cirrus Logic Inc., have been profiled in this research report.
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