According to a recent report published by Allied Market Research, titled, "DC-DC Converter Market By Input Voltage, Output Voltage, Mounting Style, and Application: Global Opportunity Analysis and Industry Forecast, 2020-2027", the global DC-DC Converter market size was valued at $8.76 billion in 2019, and is projected to reach $17.85 billion by 2027, registering a CAGR of 11.10% from 2020 to 2027.
DC-DC converters that generate a precise and constant current are proving to be a crucial factor in the development of mission-critical electronic components. The DC-to-DC converter is a type of electric power converter that converts a source of direct current (DC) from one voltage level to another. They are increasingly used in portable electronic devices such as cellular phones and laptop computers. Previously and before the development of power semiconductors, the primary way to convert the voltage of a DC supply to a higher voltage was via AC.
DC-DC converters are widely used to efficiently produce a regulated voltage from a source that may or may not be well controlled to a load that may or may not be constant. The factors such as growth in adoption of electric vehicles, development in telecommunication industry, penetration of automated systems drives the market for DC-DC converter. However, strict regulation and safety standards restricts entry of new players and rapid development of products, which in turn leads to market restraint.
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue generator in 2019, accounting for $2,854.3 million, and is estimated to garner $6,302.6 million by 2027, growing at a CAGR of 12.30%.
The global DC-DC converter market is segmented on the basis of input voltage, output voltage, mounting style, application, end user and region. Based on the input voltage, the market is divided into 5-36V, 36-75V, and 75V & above. Based on the output voltage, the market is divided into 3.3V, 5V, 12V and 15V and above. By mounting style, the market is bifurcated into surface mount and through hole. Based on application, the market is classified into smartphone, servers & storage, EV battery management unit, railway, and medical equipment. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings of the Study
- By mounting style, the through hole held the highest revenue in DC-DC Converter market in 2019.
- By application, the smartphone segment held the highest revenue in 2019.
- By output voltage, the 5V segment held the highest revenue share of the market in 2019, as per the DC-DC Converter market analysis.
- By region, Asia-Pacific is expected to dominate the market, garnering a major DC-DC Converter market share during the forecast period.
The key players that have major global DC-DC Converter market share include Ericsson, Texas Instruments, Murata Manufacturing Co. Ltd., General Electric (GE), Delta Electronics Inc., Vicor Corporation, TDK-Lambda Corporation, among others are profiled in this report. The global DC-DC Converter industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreement among others, to influence the market growth.