Press release
DC-DC Converters Market Exhibiting a CAGR of 5% by 2025
The study has profiled leading manufacturers of DC-DC converters, which include General Electric, Texas Instruments, Inc., Ericsson, Delta Electronics Inc., Murata Manufacturing Co. Ltd., Vicor Corporation, Bel Fuse Inc., ON Semiconductor, Cosel Co. Ltd, FUJITSU, Infineon technologies AG, Mornsun Guangzhou Science & Technology Co. Ltd, ST Microelectronics, PICO Electronics, and Artesyn Embedded Technologies. These companies are anticipated to be active in expansion of the global DC-DC converter market throughout the forecast period. However, catering to the end-use requirements, DC-DC converters available in the market are being compelled to undergo transformation. The need for continuous DC-DC conversion tracking has gained traction in the past few years.
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With expanding electricity grids and increasing incidence of power loss, end-users of DC-DC converters are demanding the enabling of continuous tracking. In 2017 and beyond, several manufacturers of DC-DC converters are expected to extend the abilities of their products by including continuous tracking. With continuous tracking, DC-DC converters can be effectively monitored and incidences of power overload, power outage or power loss can be avoided.
In the view of evolving applications, manufacturers are opting for high-performance designs in development of DC-DC converters. For enabling these converters the ability to continuously track external voltage references with current source, sink capability and close tolerances is becoming a concerning challenge. Manufacturers must allow the use of external reference source for facilitating continuous tracking of DC-DC converters. However, the load-current changes will continue to create errors in tracking abilities and the static tracking performance of tracking regulators will change adversely.
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According to the report findings, the global DC-DC converter market is anticipated to register largest end-use applications in the IT and telecommunications sector. During the forecast period, revenues procured from global sales of DC-DC converters in IT & telecom industry are expected to surge at a CAGR of 5.7%. The report also projects that the demand for DC-DC converters will gain traction in the healthcare and automotive industry. In 2016, more than US$ 760 million worth of DC-DC converters were sold across automotive applications in the world. Between 2017 and 2025, the application of DC-DC converters in consumer electronics manufacturing is expected to register 1.5X times growth in revenues.
Besides the end-use applications, the report has analyzed the global DC-DC converter market on the basis of output power, output number, input voltage, form and products. The study has also developed a regional analysis on the expansion of the global DC-DC converter market. By 2025, the Asia-Pacific region is likely to dominate the global DC-DC converter market, pertaining to the growing telecommunication businesses in the region. During the forecast period, the Asia-Pacific DC-DC converter market is likely to register a value CAGR of 5.8%, reflecting fastest revenue growth compared to other regions.
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