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Laminar Growth to be Witnessed by DC-DC Converters Market by 2026

The adoption of DC-DC converters has increased 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 introduction and implementation of advanced technologies is expected to propel the demand for DC-DC converters. As a result, the DC-DC converter market is expected to exhibit a high single-digit growth rate during the forecast period.

A DC-DC converter is an electronic circuit that is used to convert a source of Direct Current (DC) from one voltage level to another. They help increase the voltage from a partially lowered battery voltage saving space. DC to DC converters also regulate the output voltage.

In this report, PMR has segmented the global DC-DC converter market on the basis of product type, input voltage, output power, industry, and regions. On the basis of product type, the DC-DC converter market is subsegmented into isolated and nonisolated DC-DC converters. The nonisolated DC-DC converter 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. In addition, the isolated DC-DC converter is expected to witness an incremental opportunity of US$ 974.3 Mn from 2018 to 2026.

dc dc converter industry

Some of the recent trends governing the growth of the DC-DC converter market include a continuous increase in the adoption of DC-DC converters across the railways industry globally and the increasing demand for the implementation of DC-DC converters in electric vehicles.

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Based on input voltage, the DC-DC converter market is subsegmented 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. Moreover, this segment is expected to exhibit a considerably moderate growth rate during the forecast period. Thus, the segment 3V-14V 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 subsegmented into 0.25W-250W, 250W-500W, 500W-1000W, and >1000W. The 0.25W-250W and 250W-500W segments jointly held a share of approximately 70% of the total market share of the global DC-DC converter market in 2017. Among the two segments, the 0.25W-250W segment is expected to exhibit a higher CAGR during the forecast period due to the increasing applications of DC-DC converters falling under this segment.

Based on industry, the DC-DC converter market is subsegmented 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, the respective 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 term of incremental opportunity, the IT & telecommunication and automotive segments are expected to be relatively more attractive segments, hence, it is recommended for investors to invest in these segments during the forecast period.

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 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 unaddressed market and the high demand for DC-DC converters from countries such as China and India.

Some of the market participants in the global DC-DC converter market report include General Electric; FUJITSU; Infineon Technologies; Ericsson; Texas Instruments, Inc.; Murata Manufacturing Co. Ltd.; Delta Electronics, Inc.; Vicor Corporation; ST Microelectronics and ON Semiconductor.

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