Non-Isolated DC-DC Converters to Lead Global DC-DC Converter Market through 2023
Growing
demand for IoT & power optimization solutions is driving adoption of smart
grids, energy storage systems and electric vehicles, which in turn is resulting
in opportunities for power management devices such as DC-DC converters,
globally
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"
https://www.techsciresearch.com/report/global-dc-dc-converter-market/3431.html
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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