DC-DC Converter Market Size

DC-DC Converter Market was valued at over USD 7 billion in 2022 and is anticipated to grow at a CAGR of over 4.5% between 2023 and 2032. The increasing demand for industrial robots in both manufacturing and service sectors is a significant factor driving the industry growth.

Industrial robots rely on DC-DC converters to efficiently manage and distribute power within their systems. These converters play a pivotal role in ensuring a stable, regulated power supply, vital for the precision and reliability demanded in robot operations. Moreover, as automation gains momentum, the demand for industrial robots will continue to surge, further fueling the need for DC-DC converters. Their role extends beyond just robots; they are essential in a wide range of electronic devices and systems used across industries, including healthcare, telecommunications, and renewable energy. For instance, in March 2022, TDK Corporation lunched FS1412 microPOL power module. At 5.8 x 4.9 x 1.6 mm, the FS1412 is part of a new series of μPOL DC-DC converters with increased performance, smallest available size, ease of use, and simplified integration for applications such as big data, machine learning, artificial intelligence (AI), 5G cells, IoT networking, telecommunication, and computing enterprise.

However, in the service sector, applications, such as healthcare and logistics, are increasingly relying on robots for tasks such as patient care and package handling. DC-DC converters enable the power management necessary for these autonomous systems.

The functionality of DC-DC converters in low-power mode poses a significant market challenge due to their impact on overall efficiency and performance. Inadequate performance in low-power situations can lead to energy wastage and reduced battery life, diminishing the appeal of these converters in applications requiring energy-efficient solutions. As energy conservation and extended battery life become increasingly vital across various industries, addressing this pitfall is crucial to maintaining competitiveness in the DC-DC converter industry.