DC-DC Converter Market by Vertical, Form Factor, Input Voltage, Output Voltage, Output Power, Output Number, Product Type, Isolation Working Voltage and Region – Global Forecast to 2027 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “DC-DC Converter Market by Vertical, Form Factor (SIP, DIP, DIN Rail, Box, Chassis Mount, Discreter, Brick), Input Voltage, Output Voltage, Output Power, Output Number, Product Type, Isolation Working Voltage and Region – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global DC-DC converter market size is projected to grow from USD 4.9 billion in 2022 to USD 6.4 billion by 2027, at a CAGR of 5.1% from 2022 to 2027.
Multiple Power Output: The fastest-growing segment of the DC-DC Converter market, by Output Number
Based on the output number, the multiple output DC-DC converters are projected to grow at the highest CAGR rate for the DC-DC converter market during the forecast period. With the increasing demand for power application product throughout the industry, the demand for DC-DC converters is also increasing.
The electrical devices are required to work in a regulated environment with varied input voltage in order to work properly. Hence, DC-DC converter with multiple outputs do have varied input voltage levels and are efficient to produce accurate multiple outputs as well.
DIN Rail: The fastest-growing segment of the DC-DC converter market, by Form Factor
Based on the form factor, the DIN Rail DC-DC converter is projected to grow at the highest CAGR for the DC-DC converter market during the forecast period. DIN rail is a standard metal rail, which is most commonly and widely used for circuit breaker mounting and industrial control equipment.
These series of DC-DC converters have the capability of having a wider input voltage and their flexible specification allows devices with incompatible voltages to be easily integrated into industrial systems.
Asia Pacific: The largest contributing region in the DC-DC Converter market
The Asia Pacific DC-DC converter market is expected to be driven by rising industrial automation, investments in alternative sources of energy, expanding telecommunications industry, and a growing healthcare sector. The major countries considered under this region are China, Taiwan, India, Australia, Singapore, and Rest of Asia Pacific. China is expected to lead the Asia Pacific DC-DC converter market in 2022.
The growth of the Chinese market is attributed to the presence of several major power electronics manufacturers such as TDK-Lambda Corporation, Murata Manufacturing Co. Ltd., Flex Ltd., and Cincon Electronics. These major market players have wide product portfolios that cover almost every industrial application related to power electronics. They also have a wide network of global supply chains, allowing them to engage with customers worldwide and understand their needs. These players regularly invest in R&D to develop new products in the DC-DC converter market.
Market Dynamics
Drivers
- Growing Demand for Industrial Robots in Manufacturing and Service Sectors
- Growing Healthcare Industry Across Regions
- Rising Adoption of DC-DC Converters in Hybrid and Electric Vehicles
- Increasing Demand for Power Consumption
Restraints
- Functionality of DC-DC Converters in Low-Power Mode
- Product Manufacturing Challenges
Opportunities
- Increasing IoT Applications in Various Industries
- Increasing Demand for Uavs and Satellites
- Increasing Military Cots Applications
- High Power Demand for 5G Base Stations
- 5G Communications Use Cases, by Region
Challenges
- Global Shortage of Semiconductors
- Maintaining High Performance with Compact Size
Companies Mentioned
- ABB Ltd.
- Advanced Energy Industries Inc.
- Aimtec
- Aj’s Power Source
- Astronics Corporation
- Bel Fuse Inc.
- Cincon Electronics
- Cosel
- Crane Co.
- Delta Electronics
- Fdk Corporation
- Flex Ltd.
- Infineon Technologies Ag
- Kgs Electronics
- Mean Well Enterprises
- Meggitt plc
- Murata Manufacturing Co. Ltd.
- Power Products International
- Recom Power GmbH
- Sg Micro Corp.
- Stmicroelectronics
- Synqor
- Tdk-Lambda Corporation
- Texas Instruments Incorporated
- Traco Electronic Ag
- Vicor Corporation
- Vpt Power
- Xp Power
For more information about this report visit https://www.researchandmarkets.com/r/tdjrjo
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