The global DC-DC converter market was valued at US$ 3,227.0 Mn in 2017 and is expected to expand at a CAGR of 5.0% during the forecast period 2017–2025.
Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Global Market Study on DC-DC Converter: IT & Telecommunication Application Segment to Lead the Global Market in Terms of Revenue Share” Beverage Coolers to be Observed in the Years to Come” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years.
Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global DC-DC Converter market have been elaborated upon in the research report.
A DC-DC converter is an electronic circuit that is used to convert a source of direct current (DC) from one voltage level to another.
These offer a method to increase voltage from a partially lowered battery voltage saving space. DC to DC converters also regulate the output voltage.
DC-DC converters commonly include two types, which are non-isolated and isolated converters. The non-isolated converters are often used when the change in voltage is small while isolated converters are used for high voltage change.
Factors impacting revenue growth of the global DC-DC converter market
The global DC-DC converter market is anticipated to witness high revenue growth during the forecast period, owing to the rising trend of IoT (Internet of Things) devices and demand for increased power density across the globe. The global DC-DC converter market was valued at US$ 3,227.0 Mn in 2016 and is expected to expand at a CAGR of 5.0% during the forecast period (2017–2025).
The global DC-DC converter market is also witnessing significant growth due to worldwide ICT spending, which is increasing significantly owing to the continuous launch of new technologies. power optimization across multiple industries has led to the semiconductors industry contributing greatly to global GDP.
Huge adoption of consumer electronics devices globally demands efficient power management in electronic devices due to which power semiconductors such as DC-DC converters are used to supply and accordingly change the amount of power supply to components present in a device. This has resulted in a considerable growth in revenue of the DC-DC converter market globally.
Increasing demand for DC-DC converters expected from the IT & Telecommunication industry vertical in the coming years
Of the different end-use industries utilizing DC-DC converters, demand from the IT & Telecommunication industry is anticipated to increase in the coming years. In terms of value, the IT & Telecommunication segment by application is projected to be the most attractive in the global DC-DC converter market during the forecast period.
The IT & Telecommunication segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 5.7% during the forecast period.
Among the other application segments, the Railways segment is anticipated to increase 1.5X between 2017 and 2025; the Healthcare segment is expected to increase 1.4X between 2017 and 2025; while the Automotive segment is anticipated to increase 1.5X between 2017 and 2025. The Consumer Electronics segment is projected to increase 1.5X between 2017 and 2025.
The IT & Telecommunication segment is anticipated to increase the highest – by 1.6X between 2017 and 2025. In 2016, the Automotive segment was valued at US$ 762.6 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.
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Opportunity analysis of the global DC-DC converter market
Increasing focus on smart grids, energy storage systems and electric cars: In today’s world, increasing demand for IoT and power optimization solutions is driving global adoption of smart grids, energy storage systems and electric cars. This creates an opportunity for power management devices such as DC-DC converters.
These converters help optimize the usage of power sources across these applications. It is estimated that there is a huge demand for DC-DC converters in smart grids, storage systems, and in the electric cars market to enable high performance and less power for applications for sophisticated power management to improve power efficiency and extend battery life of devices.
Factory and commercial automation: Globalization and increasing industrialization have resulted in the rise of factory and commercial automation. This requires high efficiency in energy conversion and will increase the demand for high power density in the coming future.
This creates an opportunity for DC-DC converter manufacturers to provide reliable DC-DC converters for factory and commercial automation operations at higher temperature.
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