DC-DC Converter Market Size, Share, Report Scope & Forecast
DC-DC Converter Market Size was valued at USD 11.02 billion in 2022 and is expected to reach USD 28.28 billion by 2030, and grow at a CAGR of 12.5% over the forecast period 2023-2030.
The demand for the DC-DC converter market is anticipated to increase over the forecast period due to the growing adoption of energy-efficient power electronics across a number of industry verticals, including telecommunication, automotive, manufacturing, aerospace & defense, medical, transportation, information technology, consumer electronics, energy, and power.
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Often referred to as "dc choppers," DC-to-DC converters are power electronics parts that change the polarity and/or variable values of one DC voltage source to another. In addition to diodes and LC circuits, DC-DC converters employ semiconductors such as thyristors, insulated gate bipolar transistors (IGBTs), power metal-oxide-semiconductor field effect transistors (MOSFETs), and other power-controlled semiconductor devices. Numerous industries, including consumer electronics, communications and information technology, energy and electricity, and automobile, use DC-DC converters. It is also present in mobile phones, laptops, computers, lights, transportation, and spacecraft power systems.
The main reasons for the growth of the global DC-DC converter market are the growing need for electrical components, the growing popularity of electric vehicles, and the growing use of DC-DC converters in railway applications. In addition, a number of factors are propelling the market, including growing industrial automation and electricity usage.
MARKET SEGMENTATION:
By Product
Isolated DC-DC Converter
Non-Isolated DC-DC Converter
By Form Factor
DIP
Box
Discrete
SIP
DIN Rail
Chassis Mount
Brick
By Input Voltage
<12v
9-36v
18-75v
40-160v
>200v
By Output Power
0.5-9W
10-29W
30-99W
100-250W
250-500W
500-1000W
>1000W
By Output Voltage
<2v
3.3v
5v
12v
15v
24v
>24v
By Industry
Automotive
Service Robots
Medical
Server, Storage and Network
Energy and Power
Telecommunication
Industrial Robots
Aerospace and Defense
Railway
Consumer Electronics
Marine
REGIONAL ANALYSIS:
The DC-DC Converter Market is predicted to be led by the North American regional market, which is expected to remain big during the research. Furthermore, because to the expansion of exploration operations in Germany, Russia, France, and the United Kingdom, the European DC-DC Converter Market is likely to be the second largest market throughout the projection period. The Middle East African market also includes Israel, the United Arab Emirates, and Saudi Arabia. The growing demand for communications and navigation satellites in Saudi Arabia and the United Arab Emirates is driving this regional industry. Furthermore, the Latin American DC-DC Converter Market is expanding as a result of the growing use of satellite imaging to restrict illegal migration, monitor deforestation, and for collection of data.
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