PUBLISHER: Market Research Future | PRODUCT CODE: 1487480
PUBLISHER: Market Research Future | PRODUCT CODE: 1487480
According to MRFR analysis, the DC-DC Converter Market will expand at a compound annual growth rate (CAGR) of 6.8% from USD 6857.1 million in 2023 to USD 12394.6 million by 2032.
The impact of IoT is evident in a wide range of industries, including manufacturing, retail, transportation, agriculture, and healthcare. Thanks to real-time data insights, Internet of Things (IoT) devices such as wearables and remote monitoring systems are enabling healthcare practitioners to give preventive and individualized care. Like this, IoT-driven smart sensors and predictive analytics are transforming manufacturing's operating procedures, enabling preventative equipment maintenance, and streamlining supply chain activities. IoT solutions are boosting productivity, safety, and consumer experiences in retail, transportation, and agriculture, demonstrating the transformative potential of IoT.
The dependability and effectiveness of power management devices, such DC-DC converters, are critical in this ever-changing environment. Resilient power infrastructure is becoming more and more necessary as IoT applications become more complex and widespread. In order to meet these needs, maintain consistent power delivery, optimize energy use, and improve system performance overall, DC-DC converters are essential. They are essential parts of the Internet of Things value chain because of their flexibility in responding to changing power needs and integration difficulties.
Market Segment Insights
Based on vertical, the DC-DC Converter Market is categorized into Telecommunication, eMobility, Industrial Robots, Service Robots, Aerospace and Defense, Medical, Railway, Server, Storage and Network, Consumer Electronics, Energy and Power and Marine.
Based on form factor, the Market is classified into Chassis, Chassis Mount, DIN Rail, PCB Mount, Rack, SMD/SMT and Through Hole.
In terms of input voltage, the DC-DC Converter Market is segmented into <12v, 9-36v, 18-75v, 40-160v and >200v. Based on output voltage, the Market is classified into <2v, 3.3v, 5v, 12v, 15v, 24v and >24v.
Regional Insights
The Asia-Pacific DC-DC converter market is expected to experience significant growth in the coming years, driven by a range of factors. One of the key drivers is the increasing demand for DC-DC converters in the automotive sector, where they are used in electric and hybrid vehicles. The region is also experiencing rapid growth in the telecommunications sector, which is expected to contribute to the development of the market as DC-DC converters are used in 5G networks and other communication devices.
The North American is the second largest rapidly growing market in DC-DC converter market is a that is driven by the increasing demand for energy-efficient and high-performance electronic devices. DC-DC converters are electronic devices that convert a high-voltage DC input into a lower voltage DC output for powering electronic devices. They are used in a wide range of applications, including data centres, industrial equipment, consumer electronics, and automotive systems.
The Europe DC-DC converter market is expected to experience significant growth in the coming years, driven by a range of factors. One of the key drivers is the increasing demand for DC-DC converters in the automotive sector, where they are used in electric and hybrid vehicles. The growth of renewable energy systems is also expected to contribute to the development of the market, as DC-DC converters are used in solar and wind power systems.
The major players in the DC-DC Converter market who have contributed to the market growth are Delta Electronics Inc., Texas Instrument, Mouser Electronics, Murata Manufacturing Co, Ltd., General Electric, Vicor Corporation, Traco Electronics AG, STMicroelectronics NV, cui Inc., Cincon ElectronicsCo., Ltd., TDK-Lambda Corporation, Analog Devices, Inc., and Infineon Technologies.