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DC-DC Converter Market Trends

  • Report ID: GMI6976
  • Published Date: Oct 2023
  • Report Format: PDF

DC-DC Converter Market Trends

Miniaturization and achieving high power density are key trends in the market. As electronic devices become smaller and more portable, there is a growing demand for compact & lightweight DC-DC converters. These smaller converters are essential for applications such as mobile devices, IoT gadgets, and wearables. They enable manufacturers to create more space-efficient and sleek designs while maintaining or improving power conversion efficiency. This trend aligns with the consumer preference for smaller, more portable, and aesthetically pleasing electronic products.
 

The increasing adoption of remote sensing and monitoring solutions by various industries, such as pharmaceuticals, petrochemicals, wastewater treatment & others, for real-time process control, monitoring, and data collection is driving the industry growth. In the petrochemicals sector, DC-DC converters are utilized for real-time remote monitoring and optimization of carbon & other harmful gas emissions to meet strict environmental regulations. Moreover, the integration of artificial intelligence in manufacturing processes is also enhancing the demand for DC-DC converters as they can constantly monitor chemical & other liquid composition, temperature, pressure, and other details. Such real-time and precise data reduces waste, increases throughput and improves resource allocation.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for DC-DC converter exceeded USD 7 billion in 2022 and is anticipated to witness over 4.5% CAGR from 2023 to 2032 due to the increasing demand for industrial robots in the manufacturing and service sectors.

DC-DC converter market from the telecommunication end-use segment is expected to witness over 6.5% CAGR from 2032-2032 attributed to the surging need for enhanced network infrastructure and the proliferation of mobile & data-driven services.

Asia Pacific recorded over 30% share of the global DC-DC converter industry in 2022 due to the escalating demand for energy-efficient electronics, driven by rising consumer and industrial applications in the region.

Some of the well-known DC-DC converter firms are ABB, Analog Devices Inc., Delta Electronics, Flex Ltd., Infineon Technologies AG, TDK Lambda Corporation, and Texas Instruments Incorporated.

DC-DC Converter Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 1022
  • Countries covered: 18
  • Pages: 220
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