According to TechSci Research report, “Global DC-DC Converter Market By Type, By Converter Type, By Power Output, By Application, By Region, Competition Forecast & Opportunities, 2013-2023”, the global DC-DC converter market is projected to reach around $ 4 billion by 2023, majorly on account of increasing demand for DC-DC converters in IT storage & networking, transport and telecommunication sectors. Growing incorporation of power conversion components in electronic devices, rise in non-uniformity of power distribution and technological advancements in electrical grids are some of the other major factors that are likely to fuel the global DC-DC converter market during the forecast period.
Browse 168 market data Figures and Tables spread through 149 Pages and an in-depth TOC on "Global DC-DC Converter Market"
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Some of the major players operating in the global DC-DC converter market include ABB Ltd., Texas Instruments Incorporated, Telefonaktiebolaget LM Ericsson and Delta Electronics, Inc. In 2017, Asia-Pacific dominated the global DC-DC converter market, and the region is expected to maintain its market dominance during the forecast period 2018 - 2023. Non-Isolated DC-DC converters accounted for the largest revenue share in the market in 2017, as these converters are cheaper and have higher efficiency as compared to isolated DC-DC converters. Under the power output segment, up to 50 W DC-DC converters captured the largest revenue share in 2017, on account of growing demand from the IT/ITES and electronics sectors, globally.
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“DC-DC converters are high-frequency power conversion circuits that are being extensively used for diverse applications in the communications, computing, healthcare, instrumentation, and industrial equipment sectors. Moreover, technological advancements in DC-DC converters are likely to cater to the growing need for continuous DC-DC converter tracking required for high-end electrical devices, which is expected to significantly augment DC-DC converter sales in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global DC-DC Converter Market By Type, By Converter Type, By Power Output, By Application, By Region, Competition Forecast & Opportunities, 2013-2023” has evaluated the future growth potential of global DC-DC converter market and provides statistics and information on market size, structure and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the global DC-DC converter market.
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