High Power DC-DC Converter Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of High Power DC-DC Converter Market
The high power DC-DC converter market size was valued at USD 4.06 billion in 2021, and the market is now projected to grow from USD 4.46 billion in 2022 to USD 9.77 billion by 2029, exhibiting a CAGR of 11.88% during the forecast period of 2021-2029.
Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the high power DC-DC converter market growth. Additionally, manpower shortages affected manufacturing plants and slowed production due to movement restrictions and lockdowns in several regions. Stopped providing on-site maintenance and installations market growth sputtered amid the pandemic.
Growing wind and solar power investments to fuel high power DC-DC converter market growth during forecast period. The need for high-power converters will increase globally as there is a greater emphasis on lowering carbon emissions by closing coal-based power plants and switching to renewable energy sources like solar and wind. In addition to wind and solar energy, advancements in hydrogen fuel cell technology will spur the expansion of high-power converters, particularly when it comes to the electrolysis of water to create hydrogen for fuel cells. Growing interest in electric vehicles will raise product demand.
The product's expanding technological features are a result of its widespread use as a leading market trend. New technology characteristics of the new high power DC-DC converters include enhanced efficiency, noise reduction, digital interface, power management, multi-channel input and output, safety standards, and a range of input and output voltages. Thanks to improvements in thermal management systems and GaN-based technologies, high power converters now have power densities more than 5 kW/In3. While creating an effective thermal management system for high power converters, advances in 3D printing technology can provide sophisticated structures.
Comprehensive Analysis of High Power DC-DC Converter Market
The high power DC-DC converter market and aerospace & defence industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the aerospace & defence benefit management industry. These segmentations are methodically segregated by types, Isolated, by Input Voltage, by Output Voltage and by end users. The Type segmentations include Isolated and Non-Isolated, By Isolated segmentations include Input Voltage, Output Voltage, and Cooling System, By Non-Isolated segmentations include Input Voltage, Output Voltage, and Cooling System, By Input Voltage segmentations include 100V to 500V and 500V to 1000V, By Output Voltage segmentations include 100V to 500V and 500V to 1000V, By End-user segmentations include Automotive, Energy & Power, and Others.
The Asia Pacific region lead the high power DC-DC converter market by benefitting a market size of USD 2.19 billion in 2021 due to growth in the market for electric vehicles (EVs), satellite applications, renewable energy, and other industries, as well as an increase in production and the introduction of new products.
The top players in the market play a crucial role in the aerospace & defence industry assuring industrial prospectus growth and setting market standards. These prominent key industry players include, Crane Co. (U.S.), Infineon Technologies (Germany), Kiepe Electric Schweiz AG (Switzerland), Renesas Electronic Corporation (Japan), STMicroelectronics (Switzerland), TDK Corporation (Japan) and Zekalabs (Bulgaria) these market players provide a level-playing competitive environment across the globe.
In March 2024, LuxpowerTek, a Chinese inverter manufacturer, introduced a new DC-DC Coupled PV energy storage converter with a 100kW power rating. According to reports, the LSP 100K is a novel kind of converter that may transform the initial grid-connected photovoltaic systems into energy storage devices.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2018-2029
Base Year
2021
Estimated Year
2022
Forecast Period
2022-2029
Historical Period
2018-2020
Unit
Value (USD Billion)
Segmentation
By Type, Isolated, Non-Isolated, Input Voltage, Output Voltage, End-user, and Geography
By Type
Isolated
Non-Isolated
By Isolated
Input Voltage
- 100V to 500V
- 500V to 1000V
- 100V to 500V
- 500V to 1000V
- Air Cooled
- Liquid Cooled
Input Voltage
- 100V to 500V
- 500V to 1000V
- 100V to 500V
- 500V to 1000V
- Air Cooled
- Liquid Cooled
100V – 500V
500V-1000V
By Output Voltage
100V – 500V
500V-1000V
By End-user
Automotive
Energy & Power
Others
By Region
North America (By Type, Isolated, Non-Isolated, Input Voltage, Output Voltage, End-user, and Country)
- U.S. (By End-user)
- Canada (By End-user)
- U.K. (By End-user)
- Germany (By End-user)
- France (By End-user)
- Russia (By End-user)
- Rest of Europe (By End-user)
- China (By End-user)
- India (By End-user)
- Japan (By End-user)
- Rest of Asia Pacific (By End-user)
- Middle East & Africa (By End-user)
- Latin America (By End-user)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Latest technological Advancements
- 4.2. Porters Five Forces Analysis
- 4.3. Supply Chain Analysis
- 5. Bi-Directional DC-DC Converters Analysis
- 6. Semiconductors Used in DC-DC Converters Analysis
- 7. Product Scalability Analysis
- 8. Quantitative Insights-Impact of Covid-19 on Global High Power DC-DC Converter Market
- 8.1. Impact of COVID-19 Pandemic on the Global High Power DC-DC Converter Market
- 8.2. Steps Taken by the Industry/Companies/Government to Overcome the Impact
- 8.3. Key Development in the Industry in Response to COVID-19 Impact
- 9. Global High Power DC-DC Converter Market Analysis, Insights and Forecast, 2018-2029
- 9.1. Key Findings / Definitions
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Isolated
- 9.2.1.1. High Power Isolated High Power DC-DC Converter by Input Voltage
- 9.2.1.2. High Power Isolated High Power DC-DC Converter by Output Voltage
- 9.2.1.3. High Power Isolated High Power DC-DC Converter by Cooling System
- 9.2.2. Non Isolated
- 9.2.2.1. High Power Non Isolated High Power DC-DC Converter by Input Voltage
- 9.2.2.2. High Power Non Isolated High Power DC-DC Converter by Output Voltage
- 9.2.2.3. High Power Non Isolated High Power DC-DC Converter by Cooling System
- 9.3. Market Analysis, Insights and Forecast – By Input Voltage
- 9.3.1. 100V to 500V
- 9.3.2. 500V to 1000V
- 9.4. Market Analysis, Insights and Forecast – By Output Voltage
- 9.4.1. 100V to 500V
- 9.4.2. 500V to 1000V
- 9.5. Market Analysis, Insights and Forecast – By End User
- 9.5.1. Automotive
- 9.5.2. Energy & Power
- 9.5.3. Others
- 9.6. Market Analysis, Insights and Forecast – By Region
- 9.6.1. North America
- 9.6.2. Europe
- 9.6.3. Asia-pacific
- 9.6.4. Rest of the world
- 10. North America High Power DC-DC Converter Market Analysis, Insights and Forecast, 2018-2029
- 10.1. Market Analysis, Insights and Forecast – By Type
- 10.1.1. Isolated
- 10.1.2. Non Isolated
- 10.2. Market Analysis, Insights and Forecast – By Input Voltage
- 10.2.1. 100V to 500V
- 10.2.2. 500V to 1000V
- 10.3. Market Analysis, Insights and Forecast – By Output Voltage
- 10.3.1. 100v to 500V
- 10.3.2. 500V to 1000V
- 10.4. Market Analysis, Insights and Forecast – By End User
- 10.4.1. Automotive
- 10.4.2. Energy & Power
- 10.4.3. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. US
- 10.5.1.1. Market Analysis, Insights and Forecast – By End User
- 10.5.1.1.1. Automotive
- 10.5.1.1.2. Energy & Power
- 10.5.1.1.3. Others
- 10.5.2. Canada
- 10.5.2.1. Market Analysis, Insights and Forecast – By End User
- 10.5.2.1.1. Automotive
- 10.5.2.1.2. Energy & Power
- 10.5.2.1.3. Others
- 11. Europe High Power DC-DC Converter Market Analysis, Insights and Forecast, 2018-2029
- 11.1. Market Analysis, Insights and Forecast – By Type
- 11.1.1. Isolated
- 11.1.2. Non Isolated
- 11.2. Market Analysis, Insights and Forecast – By Input Voltage
- 11.2.1. 100V to 500V
- 11.2.2. 500V to 1000V
- 11.3. Market Analysis, Insights and Forecast – By Output Voltage
- 11.3.1. 100v to 500V
- 11.3.2. 500V to 1000V
- 11.4. Market Analysis, Insights and Forecast – By End User
- 11.4.1. Automotive
- 11.4.2. Energy & Power
- 11.4.3. Others
- 11.5. Market Analysis, Insights and Forecast – By Country
- 11.5.1. UK
- 11.5.1.1. Market Analysis, Insights and Forecast – By End User
- 11.5.1.1.1. Automotive
- 11.5.1.1.2. Energy & Power
- 11.5.1.1.3. Others
- 11.5.2. Germany
- 11.5.2.1. Market Analysis, Insights and Forecast – By End User
- 11.5.2.1.1. Automotive
- 11.5.2.1.2. Energy & Power
- 11.5.2.1.3. Others
- 11.5.3. France
- 11.5.3.1. Market Analysis, Insights and Forecast – By End User
- 11.5.3.1.1. Automotive
- 11.5.3.1.2. Energy & Power
- 11.5.3.1.3. Others
- 11.5.4. Russia
- 11.5.4.1. Market Analysis, Insights and Forecast – By End User
- 11.5.4.1.1. Automotive
- 11.5.4.1.2. Energy & Power
- 11.5.4.1.3. Others
- 11.5.5. Rest of the Europe
- 11.5.5.1. Market Analysis, Insights and Forecast – By End User
- 11.5.5.1.1. Automotive
- 11.5.5.1.2. Energy & Power
- 11.5.5.1.3. Others
- 12. Asia pacific High Power DC-DC Converter Market Analysis, Insights and Forecast, 2018-2029
- 12.1. Market Analysis, Insights and Forecast – By Type
- 12.1.1. Isolated
- 12.1.2. Non Isolated
- 12.2. Market Analysis, Insights and Forecast – By Input Voltage
- 12.2.1. 100V to 500V
- 12.2.2. 500V to 1000V
- 12.3. Market Analysis, Insights and Forecast – By Output Voltage
- 12.3.1. 100v to 500V
- 12.3.2. 500V to 1000V
- 12.4. Market Analysis, Insights and Forecast – By End User
- 12.4.1. Automotive
- 12.4.2. Energy & Power
- 12.4.3. Others
- 12.5. Market Analysis, Insights and Forecast – By Country
- 12.5.1. China
- 12.5.1.1. Market Analysis, Insights and Forecast – By End User
- 12.5.1.1.1. Automotive
- 12.5.1.1.2. Energy & Power
- 12.5.1.1.3. Others
- 12.5.2. India
- 12.5.2.1. Market Analysis, Insights and Forecast – By End User
- 12.5.2.1.1. Automotive
- 12.5.2.1.2. Energy & Power
- 12.5.2.1.3. Others
- 12.5.3. Japan
- 12.5.3.1. Market Analysis, Insights and Forecast – By End User
- 12.5.3.1.1. Automotive
- 12.5.3.1.2. Energy & Power
- 12.5.3.1.3. Others
- 12.5.4. Rest of the Asia Pacific
- 12.5.4.1. Market Analysis, Insights and Forecast – By End User
- 12.5.4.1.1. Automotive
- 12.5.4.1.2. Energy & Power
- 12.5.4.1.3. Others
- 13. Rest of the world High Power DC-DC Converter Market Analysis, Insights and Forecast, 2018-2029
- 13.1. Market Analysis, Insights and Forecast – By Type
- 13.1.1. Isolated
- 13.1.2. Non Isolated
- 13.2. Market Analysis, Insights and Forecast – By Input Voltage
- 13.2.1. 100V to 500V
- 13.2.2. 500V to 1000V
- 13.3. Market Analysis, Insights and Forecast – By Output Voltage
- 13.3.1. 100v to 500V
- 13.3.2. 500V to 1000V
- 13.4. Market Analysis, Insights and Forecast – By End User
- 13.4.1. Automotive
- 13.4.2. Energy & Power
- 13.4.3. Others
- 13.5. Market Analysis, Insights and Forecast – By Sub Region
- 13.5.1. Latin America
- 13.5.1.1. Market Analysis, Insights and Forecast – By End User
- 13.5.1.1.1. Automotive
- 13.5.1.1.2. Energy & Power
- 13.5.1.1.3. Others
- 13.5.2. Middle East & Africa
- 13.5.2.1. Market Analysis, Insights and Forecast – By End User
- 13.5.2.1.1. Automotive
- 13.5.2.1.2. Energy & Power
- 13.5.2.1.3. Others
- 14. Competitive Analysis
- 14.1. Global Market Share Analysis (2021)
- 14.2. Competitive Dashboard
- 14.3. Product Analysis- Size, Weight and Cost of the Products
- 14.4. Product Average Price Analysis
- 15. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability)
- 15.1. ABB LTD (Switzerland)
- 15.1.1. Overview,
- 15.1.2. Products & services,
- 15.1.3. SWOT analysis,
- 15.1.4. Recent developments,
- 15.1.5. strategies,
- 15.1.6. financials (based on availability)
- 15.2. Analog Devices Inc. (U.S.)
- 15.2.1. Overview,
- 15.2.2. Products & services,
- 15.2.3. SWOT analysis,
- 15.2.4. Recent developments,
- 15.2.5. strategies,
- 15.2.6. financials (based on availability)
- 15.3. Crane Co. (U.S.)
- 15.3.1. Overview,
- 15.3.2. Products & services,
- 15.3.3. SWOT analysis,
- 15.3.4. Recent developments,
- 15.3.5. strategies,
- 15.3.6. financials (based on availability)
- 15.4. Delta Electronics Inc.(Taiwan)
- 15.4.1. Overview,
- 15.4.2. Products & services,
- 15.4.3. SWOT analysis,
- 15.4.4. Recent developments,
- 15.4.5. strategies,
- 15.4.6. financials (based on availability)
- 15.5. INVT (China)
- 15.5.1. Overview,
- 15.5.2. Products & services,
- 15.5.3. SWOT analysis,
- 15.5.4. Recent developments,
- 15.5.5. strategies,
- 15.5.6. financials (based on availability)
- 15.6. Infineon Technologies (Germany)
- 15.6.1. Overview,
- 15.6.2. Products & services,
- 15.6.3. SWOT analysis,
- 15.6.4. Recent developments,
- 15.6.5. strategies,
- 15.6.6. financials (based on availability)
- 15.7. Kiepe Electric Schweiz AG (Switzerland)
- 15.7.1. Overview,
- 15.7.2. Products & services,
- 15.7.3. SWOT analysis,
- 15.7.4. Recent developments,
- 15.7.5. strategies,
- 15.7.6. financials (based on availability)
- 15.8. NXP Semiconductor (Netherlands)
- 15.8.1. Overview,
- 15.8.2. Products & services,
- 15.8.3. SWOT analysis,
- 15.8.4. Recent developments,
- 15.8.5. strategies,
- 15.8.6. financials (based on availability)
- 15.9. Renesas Electronic Corporation (Japan)
- 15.9.1. Overview,
- 15.9.2. Products & services,
- 15.9.3. SWOT analysis,
- 15.9.4. Recent developments,
- 15.9.5. strategies,
- 15.9.6. financials (based on availability)
- 15.10. Skyworks Solutions Inc. (U.S.)
- 15.10.1. Overview,
- 15.10.2. Products & services,
- 15.10.3. SWOT analysis,
- 15.10.4. Recent developments,
- 15.10.5. strategies,
- 15.10.6. financials (based on availability)
- 15.11. STMicroelectronics (Switzerland)
- 15.11.1. Overview,
- 15.11.2. Products & services,
- 15.11.3. SWOT analysis,
- 15.11.4. Recent developments,
- 15.11.5. strategies,
- 15.11.6. financials (based on availability)
- 15.12. TDK Corporation (Japan)
- 15.12.1. Overview,
- 15.12.2. Products & services,
- 15.12.3. SWOT analysis,
- 15.12.4. Recent developments,
- 15.12.5. strategies,
- 15.12.6. financials (based on availability)
- 15.13. Texas Instruments (U.S.)
- 15.13.1. Overview,
- 15.13.2. Products & services,
- 15.13.3. SWOT analysis,
- 15.13.4. Recent developments,
- 15.13.5. strategies,
- 15.13.6. financials (based on availability)
- 15.14. Vicor Corporation (U.S.)
- 15.14.1. Overview,
- 15.14.2. Products & services,
- 15.14.3. SWOT analysis,
- 15.14.4. Recent developments,
- 15.14.5. strategies,
- 15.14.6. financials (based on availability)
- 15.15. Zekalabs (Bulgaria)
- 15.15.1. Overview,
- 15.15.2. Products & services,
- 15.15.3. SWOT analysis,
- 15.15.4. Recent developments,
- 15.15.5. strategies,
- 15.15.6. financials (based on availability)
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