888-776-0942 from 8 AM - 10 PM ET
CHICAGO , Oct. 19, 2022 /PRNewswire/ -- DC-DC converter market size is projected to grow from USD 4.9 billion in 2022 to USD 6.4 billion by 2027, at a CAGR of 5.1% from 2022 to 2027 according to a new report by MarketsandMarkets™. The market is driven by various factors, such as rise in demand of electric vehicle, industrial robots, rising industrial automation, investments in alternative sources of energy, expanding telecommunications industry, and a growing healthcare sector. Ferrous Metallurgy
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=17565254
Browse in-depth TOC on "DC-DC Converter Market" 220– Tables 58 – Figures 274 – Pages
Demand in aerospace and defense industry will drive the demand for DC-DC converters.
With increasing investment in the defence sector across various countries spread across different region along with the rising demand of commercial aircraft will drive the demand for DC-DC converter market. Drones are turning out to be an integral part of the defense industry with countries such as US, China , Israel , Turkey and others are investing heavily in research and development related to drones. Whereas in the commercial aviation industry Boeing in its commercial outlook of 2020 reported that the demand for narrow body aircraft is rising in the growing economic country such as India , China and others. Hence, the defense and aerospace industrial growth will drive the demand for DC-DC converters during the forecast period.
The isolated DC-DC converter is projected to witness a higher CAGR during the forecast period.
The sector with the biggest predicted value growth is isolated DC-DC converters. An isolated DC-DC converter employs a transformer to separate the input supply channel from the output supply. With rising consumer electronics demand, the market for isolated DC-DC converters will expand throughout the anticipated year. In terms of safety, it is advised that an electronic systems input and output be isolated because converters that operate at high and dangerous voltage should be separated from output that requires lower voltage.
Power 1000W output power DC-DC converter projected to witness highest CAGR during the forecast period.
During the forecast period, the >1000W output power category is expected to grow at the fastest CAGR in the DC-DC converter market. These feature a wide input voltage range, allowing them to be used in a variety of industrial applications. They are also suitable for functioning at greater temperatures, making them one of the finest converters for providing correct output voltage under varying input supply.
The <2V output voltage DC-DC converter projected to witness highest CAGR during forecast period
The DC-DC converter market is anticipated to expand at the greatest CAGR throughout the forecast period for the 2V output voltage category. When compared to converters with other output voltages, power converters with such a low voltage output are also known as step-soen DC-DC converters and have a higher efficiency. During the anticipated period, there will be an increase in demand for DC-DC converters with output voltages of 2v due to the increased popularity of consumer devices with low power requirements.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=17565254
The Asia Pacific market is projected to contribute the largest share from 2022 to 2027
The Asia Pacific DC-DC converter market is expected to be driven by rising industrial automation, investments in alternative sources of energy, expanding telecommunications industry, and a growing healthcare sector. The major countries considered under this region are China , Taiwan , India , Australia , Singapore , and Rest of Asia Pacific . China is expected to lead the Asia Pacific DC-DC converter market in 2022. The growth of the Chinese market is attributed to the presence of several major power electronics manufacturers such as TDK-Lambda Corporation, Murata Manufacturing Co. Ltd., Flex Ltd., and Cincon Electronics. These major market players have wide product portfolios that cover almost every industrial application related to power electronics. They also have a wide network of global supply chains, allowing them to engage with customers worldwide and understand their needs. These players regularly invest in R&D to develop new products in the DC-DC converter market.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=17565254
Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting
Automotive DC-DC Converters Market by Vehicle Type (Commercial, Passenger), Propulsion Type (BEV, FCEV, PHEV), Product Type (Isolated, Non-Isolated), Input Voltage, Output Voltage, Output Power, Region - Global Forecast to 2025
Space DC-DC Converter Market by Application, Type (Isolated, Non-Isolated), Form Factor (Chassis Mount, Enclosed, Brick, Discrete), Input Voltage (<12V, 12-40V, 40-75V, >75V), Output Voltage, Output Power, Platform, Type, and Region (2021-2026)
Small Satellite Market by Satellite Mass (Small satellite, CubeSat), Application (Communication, Earth Observation & Remote Sensing, Scientific, Technology), Subsystem, Orbit, End User, Frequency and Region (2021-2026)
Military Embedded Systems Market by Component (Hardware, Software), Server Architecture (Blade Server, Rack-Mount Server), Platform (Land, Airborne, Naval, Space), Installation (New Installation, Upgradation), Application, Services, and Region (2020-2025)
Aircraft DC-DC Converter Market by Application, Aircraft Type (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles, Air Taxis), Form Factor, Input Voltage, Output Voltage, Output Power, Output Number, Type, and Region (2021-2030)
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: [email protected] Visit Our Web Site: https://www.marketsandmarkets.com/ Research Insight: https://www.marketsandmarkets.com/ResearchInsight/global-dc-dc-converter-market.asp Content Source: https://www.marketsandmarkets.com/PressReleases/global-dc-dc-converter.asp
More news releases in similar topics
Nr12 Power Factor Controller Cision Distribution 888-776-0942 from 8 AM - 9 PM ET