DC-DC Converter Market Size, Share, Report Scope & Forecast |...

DC-DC Converter Market Size, Share, Report Scope & Forecast

Posted 2024-03-08 09:21:12

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

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.