DC-DC Converter Market Insight 2032
DC-DC Converter Market is projected to exhibit a compound annual growth rate (CAGR) of 6.8% during the forecast period.
DC-DC converters use a variety of semiconductors, including thyristors, insulated gate bipolar transistors (IGBTs), power MOSFETs, and other power-controlled semiconductor devices, in addition to diodes and LC circuits. DC-DC converters are used by an increasing number of portable electronic devices, such as laptops, PCs, and cell phones. The market for DC-DC converters is expected to grow because of the rising demand for these portable gadgets.
An industry-wide paradigm change has been brought about by the Internet of Things (IoT), which has created a hyperconnected environment where devices and apps come together to achieve previously unheard-of levels of efficiency and innovation. The increasing proliferation of IoT technologies has led to a greater need for stable voltages and adaptable power options. DC-DC converters have become essential parts that can enhance battery life and improve device integration while satisfying the dynamic power needs of Internet of Things applications.
Across different areas, from medical services to assembling, farming, transportation, and retail, the effect of IoT is unmistakable. In medical services, IoT gadgets like wearables and remote checking frameworks are engaging medical services suppliers to convey customized and proactive consideration, driven by constant information experiences. Essentially, in assembling, IoT-driven prescient examination and savvy sensors are altering functional cycles, empowering precautionary hardware support, and upgrading production network tasks. The extraordinary capability of IoT reaches out to farming, transportation, and retail, where IoT arrangements are improving efficiency, security, and client encounters.
Market Segment InsightsTelecommunication, eMobility, Industrial Robots, Service Robots, Aerospace and Defense, Medical, Railway, Server, Storage and Network, Consumer Electronics, Energy and Power, and Marine are the vertically divided segments of the DC-DC Converter Market.
The market is divided into several categories based on form factor, including Chassis, Chassis Mount, DIN Rail, PCB Mount, Rack, SMD/SMT, and Through Hole.
The DC-DC Converter Market is divided into five segments based on input voltage: <12v, 9-36v, 18-75v, 40-160v, and >200v. The market is divided into categories based on output voltage: <2v, 3.3v, 5v, 12v, 15v, 24v, and >24v.
Regional InsightsA number of factors are expected to contribute to the anticipated significant growth of the Asia-Pacific DC converter market in the near future. One of the main motivators is the growing need for DC converters in the automotive industry, where they are used in hybrid and electric cars.
The growing demand for electronic devices with improved performance and low energy consumption has propelled North America to become the second largest and fastest growing market for DC converters. Electronic devices known as DC converters change a high-voltage DC input into a lower voltage DC yield so that other devices can be controlled. They are used in many different applications, such as server farms, consumer electronics, current gear, and car frameworks.
The DC converter market in Europe is expected to have significant growth soon, contingent on many factors. One of the main motivators is the growing need for DC converters in the automotive industry, where they are used in hybrid and electric cars.
Major PlayersThe major players in the DC-DC Converter are Delta Electronics Inc., Texas Instrument, Mouser Electronics, Murata Manufacturing Co, Ltd., General Electric, Vicor Corporation, Traco Electronics AG, STMicroelectronics NV, cui Inc., Cincon ElectronicsCo., Ltd., TDK-Lambda Corporation, Analog Devices, Inc., and Infineon Technologies.