Global DC-DC Converter Market | Size, Trends & Market | 2021-2026
The global DC-DC converter market is expected to increase at a CAGR of 12.1 per cent from 2021 to 2026, from $9.9 billion in 2021 to $17.6 billion in 2026. Various factors, including rising power consumption and increased industrial automation, are driving the market.
Portable electronic gadgets such as cellular phones, laptops, and desktops are increasingly using DC-DC converters. The global DC-DC converter market is predicted to expand as the demand for these portable devices grows. Computers, laptops, cellular phones, spacecraft power systems, buses, and lighting systems all require DC-DC converters, which are then used in consumer electronics, IT & telecommunication, energy & power, and automotive applications.
Ericsson, a mobile telecoms equipment manufacturer, has agreed to pay $6.2 billion for Vonage, a cloud communications firm. Ericsson's declared ambition to develop globally in the wireless enterprise, offering existing clients a larger portion of a $700 billion market by 2030, is strengthened by this agreement.
Texas Instruments Incorporated plans to invest $30 billion in Sherman, Texas, to build 300-mm semiconductor wafer production factories. The entire investment potential at the Sherman site is estimated to be around $30 billion, with 3,000 direct employment expected to be created over time. (Source: https://tylerpaper.com/news/texas/dallas-based-texas-instruments-set-to-invest-30-billion-in-sherman/article_78982d21-d7f8-5e45-ac44-ec2b306de82e.html )
General Electric, a multinational company, has stated that it will break into three distinct firms, each with its stock exchange listing, specialising in aviation, healthcare, and energy. (Source: https://www.ndtv.com/business/general-electric-to-split-into-3-companies-2604642 )
Delta Electronics Inc plans to supply three energy storage devices the size of shipping containers to clients interested in participating in Taiwan Power Co's new energy trading platform. The platform, which launched in early 2021, aims to make it easier for private owners of electrical equipment, such as generators or power storage units, to sell their energy resources to Taipower, allowing the state-run utility to be more flexible and the national grid to be more stable.
In the anticipated year, the expanding power sector will be the primary driver of the DC-DC converter market. The need for energy has risen dramatically in both developed and developing countries. As a result of many countries' inability to meet the rising energy demand, projects in the alternate power and energy sector are gaining traction to meet the rising energy demand. Industries all across the world are looking for alternative energy sources that could be safer and more reliable. As a result, the DC-DC converter industry has seen fast growth.
Across numerous regions, the aerospace industry is proving to be one of the fastest-growing industries. These can be linked to the growing need for satellite services for GPS and telecommunications, as well as the operation of unmanned aerial vehicles (UAVs). The done commercial and military industry is likely to increase across several areas as operations involving unmanned aerial vehicles become more common.
Designing a DC-DC converter is one of the most difficult steps in the manufacturing process. This procedure entails selecting several components that are a vital aspect of a DC-DC converter as well as accounting for its size. As a result, selecting these components and making a product that is compact, efficient, and produces precise output is a big difficulty for DC-DC converter producers. Smaller DC-DC converters are more likely to have a poor heat sink. As a result, product producers face a challenge in delivering a small DC-DC converter with adequate heat efficiency to improve efficiency.
Type: The market is segmented by Isolated and Non-isolated DC-DC Converters.
By value, isolated DC-DC converters are predicted to grow the most. An isolated DC-DC converter eliminates the input supply channel from the output supply with the use of a transformer. During the anticipated year, the market for isolated DC-DC converters will grow in tandem with the growing demand for consumer electronics. In terms of safety, it is advised that an electronic system's input and output be isolated because converters that operate at a high and potentially dangerous voltage should be separated from outputs that require a lower voltage.
Industry: The market is segmented into Telecommunication, Automotive, Industrial Robots, Service Robots, Aerospace & Defense, Medical, Railway, Server, Storage & Network, Consumer Electronics, Energy and Power and Marine.
In numerous countries throughout various areas, the industrial sector is growing in terms of production automation. This marks a turning point in the manufacturing industry's overall control of the industrial value chain. With the growing need for high-quality products among clients, the demand for industrial robots in the manufacturing industry is also rising, as they are said to deliver more efficiency and lower the risk of error. As a result, the growing use of industrial robots in the manufacturing sector will boost demand for DC-DC converters in the coming year.
The telecommunications industry is expanding in many countries around the world. As a result, the communications vertical for the DC-DC converter is expected to develop over the projection period, with a large increase in the cellular phone market each year and the approaching 5G spectrum.
Output Power: The market is segmented into 0.5-9W, 10-29W, 30-99W, 100-250W, 250-500W, 500-1000W and >1000W.
During the forecast period, the DC-DC converter market is expected to develop at the fastest CAGR in the >1000W output power sector. These feature a wide input voltage range, allowing them to work in a variety of industrial applications. They can also perform at greater temperatures, making them one of the best converters for delivering correct output voltage under a variety of input voltages.
Output Voltage: The market is segmented into <2v, 3.3v, 5v, 12v, 15v, 24v and >24v.
During the forecast period, the 2v output voltage segment is expected to grow at the fastest CAGR in the DC-DC converter market. When compared to converters with other output voltages, power converters with such low voltage output are known as step-down DC-DC converters and have higher efficiency. During the forecasted period, demand for DC-DC converters with output voltages of less than 2 volts would rise due to the rising demand for low-power consumer gadgets.
Output Number: The market is segmented into Single, Dual, Triple and Multiple.
During the forecast period, multiple output DC-DC converters are expected to grow at the fastest CAGR in the DC-DC converter market. The demand for DC-DC converters is rising in tandem with the growing demand for power application products across the sector. To function properly, electrical devices must operate in a regulated environment with varying input voltage. As a result, DC-DC converters with multiple outputs have a wide range of input voltage levels and are capable of producing precise multiple outputs.
Form Factor: The market is segmented into SIP, DIP, DIN Rail, Box, Chassis Mount, Discrete and Brick.
During the forecast period, the DIN Rail DC-DC converter is expected to grow at the fastest CAGR in the DC-DC converter market. DIN rail is a standard metal rail that is widely used for attaching circuit breakers and industrial control equipment. These DC-DC converters can handle a wide range of input voltages, and their flexible specifications make it easy to integrate devices with incompatible voltages into industrial systems.
During the forecast period, Asia Pacific is expected to hold the highest regional share of the worldwide DC-DC converter market. The rapid expansion of technologically superior power converters in the Asia Pacific is the main reason for the region's dominance in the worldwide DC-DC converter industry. Manufacturers of DC-DC converters in the Asia Pacific are being encouraged to introduce technologically innovative and efficient goods across a variety of product types by the rise in manufacturing industries and the rising aerospace and military industry.
The North American DC-DC converter market is expected to dominate the worldwide DC-DC converter market due to strong acceptance and demand for DC-DC converters from almost all major industrial verticals, as well as the presence of resources required for DC-DC converter implementation in the area.
Germany and the United Kingdom are actively pushing the use of electric vehicles as a means of reducing pollution, increasing electric vehicle sales. The growing market trend of replacing fossil fuel-powered public vehicles with electric buses will stimulate demand for DC-DC converters in Europe's automotive industry.
Japanese company TDK-Lambda is the largest manufacturer of the DC-DC converter in the world.
Impact of COVID-19
The covid-19 outbreak has had a substantial influence on the global DC-DC Converter industry. Due to the slowdown and unavailability of workers around the world, the DC-DC Converter's production facilities have been shut down. The COVID-19 outbreak has resulted in a major and long-term decline in production usage, as well as travel prohibitions and facility closures, which may cause the DC-DC Converter market to slow down in 2020.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 DC-DC Converter Market, By Type
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 DC-DC Converter Market, By Industry
6.2.3 Industrial Robots
6.2.4 Service Robots
6.2.5 Aerospace & Defense
6.2.9 Storage & Network
6.2.10 Consumer Electronics
6.2.11 Energy and Power
6.2.13 Market Size Estimations & Forecasts (2021-2026)
6.2.14 Y-o-Y Growth Rate Analysis
6.2.15 Market Attractiveness Index
6.3 DC-DC Converter Market, By Output Power
6.3.8 Market Size Estimations & Forecasts (2021-2026)
6.3.9 Y-o-Y Growth Rate Analysis
6.3.10 Market Attractiveness Index
6.4 DC-DC Converter Market, By Output Voltage
6.4.8 Market Size Estimations & Forecasts (2021-2026)
6.4.9 Y-o-Y Growth Rate Analysis
6.4.10 Market Attractiveness Index
6.5 DC-DC Converter Market, Output Number
6.5.5 Market Size Estimations & Forecasts (2021-2026)
6.5.6 Y-o-Y Growth Rate Analysis
6.5.7 Market Attractiveness Index
6.6 DC-DC Converter Market, By Form Factor
6.6.3 DIN Rail
6.6.5 Chassis Mount
6.6.8 Market Size Estimations & Forecasts (2021-2026)
6.6.9 Y-o-Y Growth Rate Analysis
6.6.10 Market Attractiveness Index
7. Geographical Landscape
7.1 Global DC-DC Converter Market, by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Industry
7.2.4 By Output Power
7.2.5 By Output Voltage
7.2.6 Output Number
7.2.7 By Form Factor
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Type
7.3.3 By Industry
7.3.4 By Output Power
7.3.5 By Output Voltage
7.3.6 Output Number
7.3.7 By Form Factor
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Industry
7.4.4 By Output Power
7.4.5 By Output Voltage
7.4.6 Output Number
7.4.7 By Form Factor
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Type
7.5.3 By Industry
7.5.4 By Output Power
7.5.5 By Output Voltage
7.5.6 Output Number
7.5.7 By Form Factor
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Type
7.6.3 By Industry
7.6.4 By Output Power
7.6.5 By Output Voltage
7.6.6 Output Number
7.6.7 By Form Factor
8. Key Player Analysis
8.1 Texas Instruments
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 General Electric
8.3 Vicor Corp
8.5 Murata Manufacturing
8.6 Delta Electronics
8.8 RECOM Power
8.9 Traco Power
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures