Global DC-DC converter market overview 2024, Forecast To 2033
29 Jan, 2024
The dc-dc converter market has demonstrated rapid growth, increasing from $11.6 billion in 2023 to $12.99 billion in 2024, with a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period is attributed to electronics miniaturization, power efficiency demands, mobile and consumer electronics, increased renewable energy systems, and growth of automotive electrification. In the upcoming years, the market is poised for rapid growth, reaching $20.26 billion in 2028, with a CAGR of 11.8%. Contributing factors include 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.
Global DC-DC converter Market Key Driver
The DC-DC converter market is set to grow with increasing power consumption. In 2021, the U.S. consumed about 3.79 trillion kWh of power, constituting 97% of all electricity use. This escalating power consumption is driving the demand for DC-DC converters, expected to continue in 2023, 2024, and 2028.
Get A Free Sample Of The Global DC-DC converter Market ReportGlobal DC-DC converter Market Segments
The global 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
By Geography: The regions covered in the DC-DC converter market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major DC-DC converter Industry Players
Texas Instruments Incorporated, Telefonaktiebolaget LM Ericsson, Murata Manufacturing Co. Ltd., General Electric Company, Delta Electronics Inc., Vicor Corporation, TDK-Lambda Corporation, Infineon Technologies AG, MEAN WELL Enterprises Co. Ltd., Cincon Electronics Co. Ltd., RECOM Power GmbH, Würth Elektronik eiSos GmbH & Co. KG, Traco Electronic AG, Mornsun Guangzhou Science & Technology Co. Ltd., Lambda Corporation, Flex Ltd., CET Technology, Karl Kruse GmbH & Co. KG, Epic Power, Tri-Mag LLC, Yuan Dean Scientific Co. Ltd., XP Power Ltd., Bel Fuse Inc., CUI Inc., Ericsson Power Modules AB
Get The Full Global DC-DC converter Market Report
DC-DC converter Market Overview
DC-DC converters are high-frequency power conversion circuits that convert high-frequency switching and switching noise into regulated DC voltages using inductors, transformers, and capacitors. This converter outputs a distinct DC voltage from a DC input voltage. As its name suggests, it only functions with sources of direct current (DC) and not with sources of alternating current (AC). It is used to effectively generate a regulated voltage from a potentially poorly controlled source to a potentially variable load.
DC-DC converter Global Market Report 2023 provides data on the global dc-dc converter market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The dc-dc converter market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.