Persistence Market Research recently published a report titled “DC-DC Converter Market – Global Industry Analysis 2013-2017 and Market Forecast 2018-2026.” There has been an upsurge in the adoption of DC-DC converters in the past three years with the increasing adoption of IoT, increasing demand for enhanced power density, and the increasing adoption of smart grids, energy storage systems, & electric automobiles. The demand for DC-DC converters is expected to increase in proportion with the introduction & implementation of advanced technologies. As a result, the DC-DC converter market is expected to exhibit a high single-digit growth rate during the forecast period.
The global DC-DC converter market is expected to grow at a CAGR of 5.6% during the forecast period. The DC-DC converter market was valued at US$ 3,349.6 Mn in 2017, and is projected to grow significantly to reach US$ 5,448.3 Mn by 2026. The DC-DC converter market is classified on the basis of product type, input voltage, output power, industry, and regions.
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In this report, PMR has segmented the global DC-DC converter market on the basis of type of streaming, end-user, content type, and region On the basis of product type, the DC-DC converter market is sub-segmented into isolated and non-isolated DC-DC converters. The non-isolated segment is expected to exhibit a higher CAGR during the forecast period. However, the isolated DC-DC converter segment is expected to dominate the market throughout the forecast period. Moreover, this segment is expected to witness an incremental opportunity of US$ 974.3 Mn from 2018 to 2026.
Based on input voltage, the DC-DC converter market is sub-segmented into 3V-14V, 15V-35V, 36V-75V, and >75V. The 3V-14V segment is expected to dominate the global DC-DC converter market throughout the forecast period and exhibit a considerably moderate growth rate during the forecast period. Thus, the 3V-14V segment is expected to be the most attractive segment during the forecast period in terms of incremental $ opportunity.
Based on output power, the DC-DC converter market is sub-segmented into 0.25W-250W, 250W-500W, 500W-1000W, and >1000W. The segments 0.25W-250W and 250W-500W jointly held approximately 70% of the total market share of the global DC-DC converter market in 2017. Among these two segments, the 0.25W-250W segment is expected to exhibit a higher CAGR during the forecast period due to the increasing application of DC-DC converters belonging to this segment.
Based on industry, the DC-DC converter market is sub-segmented into consumer electronics, automotive, healthcare, IT & telecommunication, aerospace & defense, railways, energy & power, and others. Owing to the increasing adoption of IoT across the IT & telecommunication industry, this segment is expected to exhibit a significantly higher CAGR. Moreover, the automotive and railway segments are also expected to exhibit a relatively moderate CAGR in the global DC-DC converter market. In terms of incremental opportunity, IT & telecommunication and automotive segments are expected to be relatively more attractive segments, thus, it is recommended for investors to invest in these segments during the forecast period.
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Furthermore, on the basis of geography, the DC-DC converter market is segmented into various regions, which include North America, Latin America, Europe, China, Japan, SEA & Others of APAC, and the Middle East & Africa. The North America DC-DC converter market is expected to dominate the global DC-DC converter market due to the high adoption of and demand for DC-DC converters from approximately all major industry verticals and due to the presence of the resources required for the implementation of DC-DC converters in the region. Asia Pacific, China, and Japan jointly held a share of approximately 38% of the DC-DC converter market in 2017. Moreover, the DC-DC converter market has high potential in SEA & Pacific and China owing to the presence of an untapped market and the high demand for DC-DC converters from countries such as China and India.
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Some of the market participants in the global DC-DC converter market report include
- General Electric
- Infineon Technologies
- Texas Instruments, Inc.
- Murata Manufacturing Co. Ltd.
- Delta Electronics, Inc.
- Vicor Corporation
- ST Microelectronics
- ON Semiconductor
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