DC-DC Converter Market - By Form Factor (SIP, DIP, DIN Rail, Box, Chassis Mount, Discrete, Brick), By Input Voltage, By Output Voltage, By Output Power, By Output Number, By Product Type, By Isolation Working Voltage, By End Use & Forecast, 2023 - 2032

DC-DC Converter Market - By Form Factor (SIP, DIP, DIN Rail, Box, Chassis Mount, Discrete, Brick), By Input Voltage, By Output Voltage, By Output Power, By Output Number, By Product Type, By Isolation Working Voltage, By End Use & Forecast, 2023 - 2032

DC-DC Converter Market size is poised to record over 4.5% CAGR from 2023-2032, due to the rising technological advancements. The higher integration of advanced semiconductor materials, digital control, and packaging techniques is leading to numerous innovations in DC-DC converters to improve performance, limit form factor, and enhance the overall capabilities. To quote an instance, in March 2023, SynQor introduced MQFL-28E-1R5S, its new high-reliable DC-DC converter deployed with proven top-efficiency synchronous rectifier technology in its MilQor series to cater to military & aerospace applications. The surging interest in energy harvesting technologies for efficiently managing and converting energy from renewable sources, including solar and vibration, to usable power for electronic devices will also define the market expansion.

The DC-DC converter industry is segmented into form factor, output voltage, input voltage, output power, product type, output number, isolation working voltage, end-use industry & region.

In terms of product type, the market value from the non-isolated DC-DC converter segment may record more than 3% CAGR from 2023 to 2032. The growth can be attributed to increasing utilization in IoT, automotive electronics and telecommunications on account of benefits, such as compact size, high efficiency, and cost-effectiveness. The surging adoption of portable electronic devices, like tablets, smartphones, and wearable devices is also magnifying the usage of non-isolated DC-DC converters to manage power distribution and offer appropriate voltage levels for different components within the devices.

Based on end-use, the DC-DC converter industry size from the energy & power segment will expand at over 4% growth rate up to 2032 owing to the higher focus on energy efficiency and sustainability. DC-DC converters have emerged as vital components of modern power infrastructure as they help to optimize the power transfer, limit energy losses, and offer integration of renewable energy sources. Increasing adoption in renewable energy systems, electric vehicles, data centers, and industrial automation will add to the segment expansion.

Regionally, the Europe DC-DC converter market size is projected to record over 5% CAGR through 2032 due to the surging need for renewable sources and the rising rate of electrification in various industries. As per analysis performed by management consultancy Kearney, European energy firms will spend at least 650 billion euros on wind and solar energy by 2030. The strong focus on limiting carbon emissions and the growing transition to green technologies will also influence the regional market growth.