A research named “DC-DC Converter Market – Global Industry Analysis 2013-2017 and Market Forecast 2018-2026″ was just released by Persistence Market Research (PMR). With the growth of IoT, the desire for higher power densities, and the adoption of smart grids, energy storage systems, and electric vehicles, the use of DC-DC converters has increased during the past three years.
With the introduction and adoption of sophisticated technologies, the need for DC-DC converters is anticipated to rise proportionately. Because of this, the market for DC-DC converters is anticipated to increase at a high single-digit rate throughout the forecast period.
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Throughout the projected period, the market for DC-DC converters is anticipated to expand at a CAGR of 5.6%. The market for DC-DC converters was estimated to be worth US$ 3,349.6 Mn in 2017 and is anticipated to rise quickly to US$ 5,448.3 Mn by 2026. The input voltage, output power, industry, geographies, and product type are used to categorise the DC-DC converter market.
According to the type of streaming, the end user, the type of content, and the geography, PMR has segmented the global DC-DC converter market in this study. Isolated and non-isolated DC-DC converters make up the two sub-segments of the DC-DC converter market based on product type. During the forecast period, the non-isolated segment is anticipated to display a higher CAGR. But throughout the forecast period, the isolated DC-DC converter segment is anticipated to rule the market. Additionally, this market is anticipated to have an increase in opportunity of US$ 974.3 Mn between 2018 and 2026.
The DC-DC converter market is divided into four sub-segments based on input voltage: 3V-14V, 15V-35V, 36V-75V, and >75V. Throughout the forecast period, the 3V-14V segment is anticipated to rule the global DC-DC converter market and develop at a very moderate rate. As a result, in terms of additional $ opportunity, the 3V-14V segment is anticipated to be the most alluring segment during the projected period.
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Consumer electronics, automotive, healthcare, IT & communications, aerospace & military, railways, energy & power, and others are the different industry sub-segments of the DC-DC converter market. This area is anticipated to display a noticeably higher CAGR due to the growing usage of IoT throughout the IT & telecommunications industry. Additionally, the worldwide DC-DC converter market is anticipated to experience a very moderate CAGR in the automotive and railroad categories.
Additionally, the DC-DC converter market is divided into a number of geographically distinct areas, including North America, Latin America, Europe, China, Japan, SEA & Other of APAC, and the Middle East & Africa. Due to the high adoption and demand for DC-DC converters from nearly all major industry verticals as well as the presence of the resources required for the implementation of DC-DC converters in the region, the North American DC-DC converter market is anticipated to dominate the global DC-DC converter market.
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