BANGALORE, India, Dec. 21, 2020
BANGALORE, India, Dec. 21, 2020 /PRNewswire/ -- DC-DC Converter Market is segmented By Input Voltage (5-36V, 36-75V, 75V and Above), Output Voltage (3.3V, 5V, 12V, 15V and Above), Mounting Style (Surface Mount and Through Hole), Application (Smartphone, Servers & Storage, EV Battery Management Unit, Railway, and Medical Equipment). This report is published on Valuates Reports in the Electronic Component Category. It also covers Global & Regional Opportunity Analysis and Industry Forecast to 2027.
The global DC-DC Converter market size was valued at USD 8.76 Billion in 2019 and is projected to reach USD 17.85 Billion by 2027, growing at a CAGR of 11.10% from 2020 to 2027.
Major factors driving the growth of DC-DC converter market size are increasing demand for high performance & cost-effective electronic modules, adoption of IoT, and innovations in surgical equipment for digital power management & control.
This study comprises an analytical depiction of the global DC-DC Converter market size along with the current global DC-DC Converter market trends and future estimations to depict the imminent investment pockets.
TRENDS INFLUENCING THE DC-DC CONVERTER MARKET SIZE
Acceptance of DC-DC converters has increased with growing IoT adoption, increasing demand for power density, and rising adoption of smart grids, and energy storage systems. This introduction and deployment of new technology are expected to fuel demand for DC-DC converters market size.
The rise in the adoption of Electric Vehicles is expected to drive the growth of the DC-DC converter market size. DC-DC converters are used to interface the electrical power train components by boosting or lowering the voltage levels. Further, the advancements in DC-DC converter to make it lightweight, high-efficiency, low electromagnetic interference, and low current/voltage ripple, have increased its demand for various applications.
DC-DC converters are increasingly used in portable mobile devices such as cell phones, laptops, and computers. As demand for these mobile devices is on the rise, the DC-DC converters market size is expected to grow during the forecast period.
The increasing initiatives of the various governments towards a cleaner environment have increased the demand for zero-emission vehicles. These initiatives are in turn expected to boost the growth of DC-DC converters market size.
DC-DC CONVERTER MARKET SHARE ANALYSIS
The DC-DC converter market in APAC is projected to rise at the highest CAGR level during the forecast period due to the growing demand for electronic applications such as laptops and cellphones. The telecommunications industry in APAC countries such as China, Japan, South Korea, and Singapore is focused on improving its network infrastructure to boost 5G, which will eventually boost demand for 5G-enabled devices, thereby increasing the DC_DC convertor market size in the Asia Pacific region market.
North America is expected to hold the largest DC-DC converter market share during the forecast period. The presence of key players is expected to be the major driver for the growth of the DC-DC converter market size.
By output voltage, the 5V power segment is expected to hold the largest market share during the forecast period. This growth is due to the growing demand for electric vehicles, small UAVs, medical equipment, aircraft electrification, and consumer electronics, among others.
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- Global Automotive DC-DC Converter market size is projected to reach USD 16740 Million by 2026, from USD 8025.4 Million in 2020, at a CAGR of 13% during 2021-2026. This report focuses on Automotive DC-DC Converter volume and value at the global level, regional level, and company level. From a global perspective, this report represents the overall Automotive DC-DC Converter market size by analyzing historical data and prospects.
- The global Isolated DC-DC Converter market size is projected to reach USD 4839.3 Million by 2026, from USD 2263.7 Million in 2020, at a CAGR of 13.5% during 2021-2026. The Isolated DC-DC Converter industry is fragmented. A variety of manufacturers ranging from large multinational corporations to small privately-owned companies compete in this industry. The top 13 producers account for about 33 % of the revenue market. Regionally, China is the biggest production area of the isolated DC-DC converter.
- The global High Voltage DC-DC Converter market size is projected to reach USD 2107.6 Million by 2026, from USD 1407.5 Million in 2020, at a CAGR of 7% during 2021-2026. In 2019, Europe has the largest market share of High Voltage DC-DC Converter, accounting for about 30%, while North America is the second-largest region-wise market (about 26%).
- SMD DC-DC Converter market is segmented by Types - Isolated , Non Isolated, by Applications - Industrial & Automation, Consumer electronics, Medical, Others, by key players , Region - North America, LAMEA, Middle East, Asia pacific. etc.
- Space DC-DC converter Market report is segmented by types - 3.3 VDC, 5 VDC, 12 VDC, 15 VDC, by applications - Remote Sensing, Surveillance, Communication, Navigation, Scientific Research, by key players , Region - North America, LAMEA, Middle East, Asia pacific. etc.
- Electric Vehicle dc to dc converter Market is segmented by Product Type: Buck Converter, Boost Converter, Application: Passenger Cars, Commercial Vehicles, by key players , Region - North America, LAMEA, Middle East, Asia pacific. etc.
- Non-Isolated DC-DC Converter Market is segmented by Product-Type: Type I, Type II, Application: Communication, Server, Storage & Network, Industrial, Aerospace & Defense, Medical, by key players , Region - North America, LAMEA, Middle East, Asia Pacific. etc.
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