Industry Overview of DC-DC Converter Market
DC-DC converters represent linear or switching regulators that are incorporated in electronic devices for converting and stabilizing direct current (DC) voltage to another. In terms of mounting style, they can be categorized into surface mount and through-hole types. DC-DC converter variants optimally regulate the operating voltage of various electronic devices, including integrated circuits (ICs), that can vary over an extensive range, thereby preventing malfunction and degradation from improper or unstable voltage supply. They rely on high frequency switching and inductors, capacitors, transformers to efficiently produce a regulated voltage, etc. As a result, DC-DC converter systems find widespread applications across several sectors, such as automotive, telecommunications, energy and power, aerospace, defense, healthcare, etc.
How Big Is the DC-DC Converter Market?
According to the new market research report by IMARC Group the global DC-DC converters market reached a value of US$ 10.7 Billion in 2022. It is projected to reach a value of US$ 16.7 Billion by 2028, exhibiting a CAGR of 7.4% during 2023-2028.
Global DC-DC Converter Market Trends and Drivers:
The escalating demand for portable electronic devices, including cellular phones, laptops, computers, etc., on account of the increasing penetration of the internet, is primarily driving the DC-DC converter market. Besides this, the growing utilization of these regulators in electric vehicles (EVs) for ensuring high-efficiency energy conversion, running vehicle accessories, and recharging the auxiliary battery is acting as another significant growth-inducing factor. Additionally, the widespread adoption of renewable energy sources and the inflating need for achieving precise control of input and output characteristics and improving the reliability of energy management systems are further propelling the global market. Apart from this, the development of innovative product variants by key market players that include economical low-power solutions and reliable and power modules suitable for use in medical, defense, and railway applications is expected to bolster the DC-DC converter market in the coming years.
Key Market Segmentation:
The report provides detailed segmentation of the global dc-dc converters market based on based on mounting style, input voltage, output voltage, application and region.
Breakup by Mounting Style:
- Surface Mount
- Through Hole
Breakup by Input Voltage:
- 5-36V
- 36-75V
- 75V and above
Breakup by Output Voltage:
- 3.3V
- 5V
- 12V
- 15V and above
Breakup by Application:
- Smartphone
- Servers PCs
- EV Battery
- Railway
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
The Major Players in the market are ABB Ltd, Bel Fuse Inc., Delta Electronics Inc., Fujitsu Limited, General Electric Company, Infineon Technologies AG, Meggitt plc, Murata Manufacturing Co. Ltd., RECOM Power GmbH, STMicroelectronics, TDK Corporation and Vicor Corporation.
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