The DC-DC converter Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s DC-DC converter Global Market Report 2024, The dc-dc converter market size has grown rapidly in recent years. It will grow from $11.6 billion in 2023 to $12.99 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to electronics miniaturization, power efficiency demands, mobile and consumer electronics, increased renewable energy systems, and growth of automotive electrification.
The dc-dc converter market size is expected to see rapid growth in the next few years. It will grow to $20.26 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to aerospace and defense needs, energy efficiency standards, data centers and cloud computing, medical devices and healthcare electronics, and e-mobility and clean transportation. Major trends in the forecast period include 5g network deployment, iot and edge computing, technological advancements, adoption of ai and ml, and product innovations.
Increasing power consumption is expected to propel the growth of the DC-DC converter market going forward. The quantity of energy utilized per unit of time is known as power consumption. Power use is a significant factor in digital systems. DC-DC converters are typically used to quickly control the supply voltage of the output stage to a predetermined value. It simply needs to be maintained high enough to supply the load with a stimulating current without saturating. For instance, according to the U.S. Energy Information Administration, a US-based principal agency of the U.S. Federal Statistical System, total U.S. electricity consumption in 2021 was about 3.93 trillion kWh, with around 3.79 trillion kWh of power sold at retail in 2021, accounting for 97% of all electricity use. Therefore, increasing power consumption is driving the demand for the DC-DC converter market.
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The dc-dc converter market covered in this report is segmented –
1) By Product Type: Isolated DC-DC Converters, Nonisolated DC-DC Converters
2) By Input Voltage: 3V-14V, 15V-35V, 36V-75V, >75V
3) By Output Power: 0.25W-250W, 250W-500W, 500W-1000W, >1000W
4) By Industry: Consumer Electronics, Healthcare, Automotive, IT and Telecommunication, Aerospace and Defense, Railways, Energy and Power, Other Industries
Technological advancements have emerged as the key trend gaining popularity in the DC-DC converter market. Major companies operating in the DC-DC converter market are developing innovative products to reinforce their position. For instance, in September 2022, Rohm Semiconductor, a Japan-based electronic parts manufacturer introduced the BD9S402MUF-C, a new buck DC/DC converter IC with integrated MOSFET (switching regulator) for use in ADAS (Advanced Driver Assistance Systems) and entertainment systems in cars, which incorporate more sophisticated onboard sensors and cameras. The new BD9S402MUF-C is incorporated with patented QuiCurTM high-speed load response technology, enabling steady operation at a market-leading 30mV (measured conditions: 5V input voltage, 1.2V output voltage, 44F output capacitance, load current variation 0 to 2A/2s) and translates to a 25% decrease in output voltage fluctuation compared to industry-leading standard products with equivalent functionality, which makes it perfect for use in the newest ADAS with challenging power supply requirements that demand stable operation within 5% even with low voltage output
The dc-dc converter market report table of contents includes:
1. Executive Summary
2. DC-DC converter Market Characteristics
3. DC-DC converter Market Trends And Strategies
4. DC-DC converter Market – Macro Economic Scenario
5. Global DC-DC converter Market Size and Growth
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26. South America DC-DC converter Market
27. Brazil DC-DC converter Market
28. Middle East DC-DC converter Market
29. Africa DC-DC converter Market
30. DC-DC converter Market Competitive Landscape And Company Profiles
Top Major Players:
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