DC-DC Converters Market Forecasts to 2028 – Global Analysis By Product Type (Non-Isolated, Isolated), Application (Railway Traction, Medical Equipment), End User (Consumer Electronics, Server), and By Geography
According to Stratistics MRC, the Global DC-DC Converters Market is accounted for $9.95 billion in 2020 and is expected to reach $35.19 billion by 2028 growing at a CAGR of 17.1% during the forecast period. Some of the key factors propelling the market growth include growing adoption of environment-friendly electric vehicles, increasing use of DC-DC converters in electric/fully electric aircraft, incorporating new power-saving architectures in DC-DC converters, rising use of thick film hybrid DC-DC converters in space applications, increasing power requirements of networking infrastructure, and growing requirement for reliable power supply units for use in out-patient care equipment. However, regulations and safety standards that vary from country to country is likely to hamper the market.
A DC-DC converter is an electronic circuit or electromechanical device, which converts a source of direct current (DC) from one voltage level to another. DC-DC converters are extensively used to efficiently produce a regulated voltage from a source that may or may not be well controlled, such as solar power to a connected load. Its closed feedback loops maintain constant voltage output even when changing input voltages and output currents. The majority DC-DC converter circuits regulate the output voltage. A large number of DC-DC converters are commonly designed to flow current in one direction from dedicated input to output. However, switching converters are designed to move current in both the directions; they are electronically complex in nature.
By end user, information technology (IT) & telecommunication segment is projected to grow at the lucrative rate during the forecast period, due to the transition from 3G/4G network to 5G. This will lead to the shift from larger, macro base stations to smaller solutions which require low power demands. Key players are developing products to match the rapid development in the communication industry. For instance, in June 2018, Murata launched its 1 kW DRQ-11.4/88-L48 series of quarter brick, intermediate bus, DC/DC converter modules that addresses the growing power requirements of high-reliability networking and telecommunications infrastructure equipment. The need for power supply for communication equipment is also growing at a fast-pace due to the increasing adoption of broadband-enabled mobile devices, resulting in driving the global DC-DC converters s market.
On the basis of geography, Asia-Pacific is expected to witness the significant market growth during the forecast period, owing to increasing demand for electronics application such as laptops and cellphones, high investments in the development of new satellites for surveillance, communications, earth observation, and navigation in China and India. The telecom industry in APAC countries such as China, Japan, South Korea, and Singapore are focusing on upgrading their network infrastructure for boosting 5G infrastructure which will ultimately boost the demand for 5G-enabled devices, which will drive the market. These countries are major manufacturers of electronic devices such as laptops, cell phones, and integrated circuits, among others, which is expected to drive the demand for DC-DC converters.
Some of the key players in DC-DC Converters Market include Crane Aerospace and Electronics, Infineon Technologies AG, Murata Manufacturing Co., Ltd, Thales Group, TDK-Lambda Corporation, Airbus Group SE, Delta Electronics, Inc., Texas Instruments Incorporated., Fujitsu, Stmicroelectronics, Artesyn Embedded Technologies, General Electric (GE), Traco Electronics AG, BEL Fuse Inc., ABB Ltd, Mitsubishi Electric Corporation, Larsen & Toubro Limited, and Ericsson.
Estimated Market Size in 2020:
USD 9.95 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 35.19 billion
Tables, Graphs & Figures
Output Voltage, Input Voltage, Converter Type, Output Number, Form Factor, Output Power, Sales Channel, Product Type, Mounting Style, Application, and End User
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Output Voltages Covered:
• 24V and Above
Input Voltages Covered:
Converter Types Covered:
• Buck-Boost Converter
• Boost Converter
• Buck Converter
Output Numbers Covered:
• Three Output
• Dual Output
• Single Output
Form Factors Covered:
• Sixteen Brick (1/16)
• Eighth Brick (1/8)
• Quarter Brick
• Half Brick (1/2)
• Full Brick
Output Power Covered:
Sales Channels Covered:
Product Types Covered:
• Non-Isolated DC-DC Converters
• Isolated DC-DC Converters
Mounting Styles Covered:
• Through Hole
• Surface Mount
• Electric Vehicle (EV) Battery Management Unit
• Railway Traction
• Medical Equipment
• Electronic Devices
• Server Personal Computers (PCs)
• Scientific Research
• Remote Sensing
End Users Covered:
• Consumer Electronics
• Information technology (IT) & Telecommunication
• Server, Data Storage & Network
• Industrial Robotics
• Aerospace & Defense
• Energy & Power
• Audio Visual
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global DC-DC Converters Market is majorly driven by growing adoption of environment-friendly electric vehicles, rising use of thick film hybrid DC-DC converters in space applications, growing requirement for reliable power supply units for use in out-patient care equipment, and growing number of data centers across the globe.
The sixteen brick (1/16) segment is growing at a highest CAGR owing to a surge in the mid-range IT & communications, process control, and automation power applications that are shifting from multiple-output power modules to fully regulated intermediate bus converters.
North America dominated with a significant market share due to increased disbursements of enterprises in research and development, the high investments by space agencies and private firms in the development of advanced satellites, and the presence of resources required for the implementation of DC-DC converters in the region.
Asia Pacific market is growing at a highest CAGR owing to increasing demand for electronics application such as laptops and cellphones, rapid urbanization, and high investments in the development of new satellites for surveillance, communications, earth observation, and navigation in China and India.
Key players in DC-DC Converters Market include Crane Aerospace and Electronics, Infineon Technologies AG, Murata Manufacturing Co., Ltd, Thales Group, TDK-Lambda Corporation, Airbus Group SE, Delta Electronics, Inc., Texas Instruments Incorporated., Fujitsu, Stmicroelectronics, Artesyn Embedded Technologies, General Electric (GE), Traco Electronics AG, BEL Fuse Inc., ABB Ltd, Mitsubishi Electric Corporation, Larsen & Toubro Limited, and Ericsson.
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