PUBLISHER: IMARC | PRODUCT CODE: 1308126
PUBLISHER: IMARC | PRODUCT CODE: 1308126
The global DC-DC converter market size reached US$ 10.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.
The operating voltage of various electronic devices, such as integrated circuits (ICs), can vary over a wide range and lead to degradation and malfunction if an unstable or improper voltage is supplied. Therefore, DC-DC converters, also known as linear or switching regulators, are incorporated in electronic devices to convert and stabilize direct current (DC) voltage to another. They rely on high-frequency switching and inductors, transformers, and capacitors to efficiently produce a regulated voltage. Nowadays, several manufacturers are offering DC-DC converters that allow customers to develop and differentiate their power designs.
The increasing demand for portable electronic devices, such as cellular phones, laptops, and computers, on account of the rising internet penetration, represents one of the key factors impelling the market growth. Apart from this, DC-DC converters play a pivotal role in electric vehicles (EVs) to ensure high-efficiency energy conversion, run vehicle accessories and recharge the auxiliary battery. This, in confluence with the growing environmental concerns and awareness among individuals about the high vehicular pollution levels and various government initiatives to reduce carbon footprints, is influencing the market positively. Besides this, with the constant depletion of conventional energy sources like coal, oil, and natural gas, the development and application of renewable energy sources is increasing worldwide. This, in turn, is driving the need for DC-DC converters to achieve precise control of input and output characteristics and improve the applicability and reliability of energy management systems. Furthermore, market players are offering an extensive range of DC-DC converters, from economical low power solutions to robust and reliable power modules, which are suitable for use in industrial, medical, defense, and railway applications.
IMARC Group provides an analysis of the key trends in each sub-segment of the global DC-DC converter market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on mounting style, input voltage, output voltage and application.
Surface Mount
Through Hole
5-36V
36-75V
75V and Above
3.3V
5V
12V
15V and Above
Smartphone
Servers PCs
EV Battery
Railway
Others
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 competitive landscape of the industry has also been examined along with the profiles of the key players being 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.