DC-DC Converter Market – Analysis and Growth Trends Latest Outlook 2022- 2028
Value Market Research
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The huge surge in the DC-DC Converter market demand is majorly attributed to the growing focus on new opportunity for power conservation along with the evolution of innovative power-saving architectures and growth of hybrid DC-DC converter for various space applications.
A DC-DC converter is an electromechanical device which acts as a high electric power converter by converting direct current from one voltage range to another. It incorporates an electronic circuit where power levels vary from a very low to a very high voltage such as small batteries to high-voltage power transmission. The rising number of satellite constellations globally and increasing space programs by various space organizations are anticipated to spur market demand over the coming years. However, rising incompetency of these converters to switch-off during no-load circumstances is a major challenge, which may hinder market growth in the near future.
The global market has been segmented based on output voltage into 3.3v, 5v, 12v, 15v and others. The 3.3 VDC is a major output voltage segment and is projected to grow at the highest CAGR over the forecast period due to rising innovation in the area of digital power management and control in order to support the power schemes of newly introduced spacecraft & satellites. The market has been further segmented based on output number into single, dual and others. Furthermore, the market has been segmented based on output power and application. The communication is a fastest growing segment and is estimated to witness a double digit growth in the study period. The growth of this segment is attributed to growing number of communication satellites across the globe along with the increasing paid TV market.
The rapid technological advancements and recent favorable modifications in the U.S. export administration in the aeronautics & space industry has been the major drivers accounting for the dominance of North America on the global market. Asia Pacific is a fastest growing market and is projected to grow at an outstanding rate over the coming years on account of the rising number of launch of technologically advanced communication satellites along with the expanding paid TV market in the region.
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The major players of the industry profiled in the report include ARTESYN EMBEDDED TECHNOLOGIES SARL , Bel Fuse Inc. , Cosel USA ., Ltd, Crane Aerospace & Electronics , 台达电子 ., 爱立信 , FDK , 通用电气 , Murata , 德州仪器 , TRACO POWER and Vicor .
In April 2016, Powernet has launched 1kW DC/DC Converter Series for railway applications.
In June 2016, Recom has launched a new RP40-FR DC/DC converter series specially designed for railway applications as well as industrial applications involving compliance with certified safety standards.