Analysts are predicting that the DC-DC converters market will grow from its current $8.5 billion to $22.4 billion by 2025. Contributing factors include the growing concern about global energy consumption, the introduction of advanced power saving architecture, the increasing demand for current requirements by the ICT industry, and the emergence of digital power management and control technologies.
DC-DC converters are devices that transform the input DC from having a range of voltages into regulated DC with stable output voltage. These converters are designed to operate at high switching frequencies to reduce the size of output capacitors and inductors to save the onboard space of the power equipment. Today, electronic component manufacturers require advanced and miniaturized DC-DC converters for use in their electronic devices to reduce the overall space occupied by device circuits as well as improve their performance.
Power supply systems and units have undergone significant advancements in terms of the development of multiple power output and incorporation of wireless technology in them in the past few years to make these systems and units highly reliable, efficient, and compact. This has led to the development of technologically advanced DC-DC converters that cater to power supply requirements of different industries such as telecommunications, aerospace and defense, and medical.
Here are five things you should know about their expected growth:
- DC-DC converters market is projected to grow at a CAGR of 17.5% during the forecast period
Factors such as the growing concern about global energy consumption, the introduction of advanced power saving architecture, the increasing demand for current requirements by the ICT industry, and the emergence of digital power management & control technologies are expected to drive the DC-DC converters market.
- Isolated DC-DC converters are projected to lead the global market during the forecast period
Isolated DC-DC converters are used in various sensitive applications, such as high voltage circuits, power metering systems, and healthcare systems, among others. These components have a strong resistance to noise and interference, thus providing the load with a cleaner DC power source. For instance, medical equipment is highly critical components, which require small-sized DC-DC converters of 1W or 2W output power, which are unregulated devices as the high isolation value and small case size is of more importance than a precise output voltage.
- The telecommunication segment is estimated to lead the DC-DC converter market in 2019
By verticals, the telecommunication segment is expected to account for the largest share of the DC-DC converter market in 2019. With the rapid development of smartphones and the 4G & 5G infrastructure in the communication industry, the requirement for power supply for the communication equipment is also growing at a fast pace, resulting in driving the demand for DC-DC converters. For instance, China, Japan, and South Korea are focusing on installing a 5G base transceiver station to cater to the growing demand for communication.
- Sale of DC-DC converters via indirect channels is projected to grow at the highest CAGR during the forecast period
Indirect channels include sales through distributors, agencies, and e-commerce portals in the global DC-DC converters market. The indirect segment involves lesser operational costs, which does not require the maintenance of a sales infrastructure. The trend toward e-commerce is increasing in the global DC-DC converters market, due to easy Internet access.
- Asia Pacific is expected to be the fastest-growing market for DC-DC converters
Asia Pacific is expected to lead the global DC-DC converters market during the forecast period. Taiwan, China, and Japan are home to major DC-DC converter manufacturers. China, Japan, and South Korea are major producers of electronic devices such as laptops, cell phones, and integrated circuits, among others, which is driving the demand for DC-DC converters. The growing sales of these products are anticipated to augment the Asia Pacific DC-DC converter market growth.
The key players operational in the DC-DC converters market include General Electric (GE) (U.S.), Ericsson (Sweden), Texas Instruments (U.S.), Murata Manufacturing Co. Ltd (Japan), and Delta Electronics, Inc. (Taiwan), among others.
Read the full ResearchandMarkets’ report for an even deeper insight into these DC-DC Converter trends:
“DC-DC Converter Market by Vertical (Automotive, Aerospace, Medical, Telecommunication, Industrial), Form Factor, Product Type, Output Power, Input Voltage, Output Voltage, Sales Channel, Output Number and Region – Forecast to 2025”