DC-DC converter Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2023-2029|Report By Introspective Market Research
Market Overview:
The DC-DC Converter Market is expected to grow at a significant growth rate over the analysis period 2022-2028, considering the base year as 2021.
Inductors, transformers, and capacitors are used in high-frequency power conversion circuits called DC-DC converters to lower switching noise and supply regulated DC voltages. DC-to-DC converters are used to convert high-voltage DC input to low-voltage DC output for some specific appliances. They are also used to separate some of a circuit’s more fragile components from its other components to prevent damage. More and more portable electronic devices, such as laptops, desktops, and cell phones, are employing DC-DC converters. The rising demand for these portable devices would likely lead to growth in the global DC-DC converter market. The DC-DC converter is used in computers, laptops, mobile phones, spacecraft power systems, buses, and lighting systems. These systems are subsequently employed in a variety of end applications, including consumer electronics, IT & communications, energy & power, and automotive and EVs.
The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
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Market Dynamics and Factors:
DC-DC converter demand is rising as more people choose to drive electric or hybrid automobiles. For hybrid electric vehicles to function properly, the DC/DC converter is crucial. The power converter structure must be dependable, light, small in volume, high efficiency, have minimal electromagnetic interference, and have minimal current/voltage ripple due to the limitations of the automotive industry. It is typically used in buck mode to provide electrical energy to the 12V system created by the 48V starter generator. It can also be used in boost mode for some functions, such as starting the vehicle and autonomous driving. In the various configurations of electric vehicles, DC-DC converters convert HV to 48V, HV to 12V, and 48V to 12V. Low losses, high efficiency, low volume, and light weight are the primary design requirements for DC-DC converters, these factors are driving the growth of the market.
Commercially available, ready-to-use (COTS) goods are those that are readily available. They could be software or hardware-related goods. These are typically aftermarket goods created in response to customer demands. The Federal Acquisition Regulation (FAR) of the US defines military COTS as commercial goods or services that can be used in connection with government contracts. The demand for military COTS products will rise in response to rising military spending across nations in various areas, driving the DC-DC converter market.
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Top Key Players Covered In The DC-DC Converter Market:
- TDK Lambda Corporation (US)
- Texas Instruments Incorporated (US)
- Delta Electronics (Taiwan)
- Flex Ltd. (Singapore)
- Infineon Technologies AG (Germany)
- Alps Alpine Co. Ltd (Japan)
- Traco Electronic AG (Switzerland)
- RECOM Power GmbH (Colorado)
- Eaton (Ireland)
- ST Microelectronics (Switzerland)
- Vicor Corporation (US) and Other Major Players.
DC-DC Converter Market Report Highlight:
- By Input Voltage, the 75V and above segment is anticipated to lead the growth of the DC-DC Converter market in the forecasted timeframe. due to its wide range of applications in the automotive and telecommunications sectors. Additionally, with a rated input voltage of 75V and above, these converters have high switching capabilities with low noise. Hence, the segment is expected to witness remarkable growth over the forecast period.
- By Output Voltage, the 15V and above segment is expected to have the highest share of the DC-DC Converter market over the projected period. the growing adoption of Electric Vehicles (EVs) and Hybrid Electric Vehicles (HEVs) for commercial transport. Additionally, 100 voltage output power converters are used to customize LED lights and display batteries on a vehicle engaged in commercial and military sectors.
- By Mounting Style, the Surface mount segment is expected to have the highest share of DC-DC converter markers over the projected period. It is a method in which the electrical components are mounted directly onto the surface of a printed circuit board. An electrical component mounted in this manner is referred to as a surface-mount device.
- By Application, the railway segment is set to develop at the highest CAGR during the forecasted timeframe. A standard metal rail known as a DIN rail is most frequently and extensively used for attaching circuit breakers and industrial control devices. These DC-DC converters’ wide input voltage range and adjustable specifications make it possible to incorporate equipment with inconsistent voltages into industrial systems with ease.
- The Asia Pacific region is expected to have the highest share of the DC-DC Converter market over the projected period. The presence of prominent key players, as well as an increase in technological advancement, are the main factors driving the development of the market in this region.
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Key Industry Development:
In July 2022, Energy management company Eaton announced that it has accomplished the acquisition of a 50% stake in the circuit breaker business of Jiangsu Huineng Electric Co., Ltd. (Huineng), which manufactures and markets low-voltage circuit breakers in China.
In March 2022, Analog Devices, Inc. and EPC collaborated to deliver up to 2 MHz switching frequency for the highest density DC-DC converters using GaN FETs. Both organizations introduced a new design using an analog controller with a fully optimized drive.
DC-DC Converter Market Segmentation:
By Input Voltage
- 5-36V
- 36-75V
- 75V and above
By Output Voltage
- 3V
- 5V
- 12V
- 15V and above
By Mounting Style
- Surface Mount
- Through Hole
By Application
- Smartphone
- Servers PCs
- EV Battery
- Railway
- Medical Equipment
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For this report, Introspective Market Research has segmented the DC-DC Converter Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
North America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest Of Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
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Scope of the Report:
The latest research on the DC-DC Converter market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global DC-DC Converter industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the DC-DC Converter market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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