Persistence Market Research just published a study titled “DC-DC Converter Market – Global Industry Analysis 2013-2017 and Market Forecast 2018-2026.” (PMR). The use of DC-DC converters has grown over the past three years as a result of the development of IoT, the desire for higher power densities, and the deployment of smart grids, energy storage systems, and electric vehicles.
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.
Global DC-DC converter market :Marketing
Based on industry, the DC-DC converter market is subsegmented into consumer electronics, automotive, healthcare, IT & telecommunication, aerospace & defense, railways, energy & power, and others. Owing to the increasing adoption of IoT across the IT & telecommunication industry, the respective segment is expected to exhibit a significantly higher CAGR. Moreover, the automotive and railway segments are also expected to exhibit a relatively moderate CAGR in the global DC-DC converter market. In term of incremental opportunity, the IT & telecommunication and automotive segments are expected to be relatively more attractive segments, hence, it is recommended for investors to invest in these segments during the forecast period.
On the basis of geography, the DC-DC converter market is segmented into various regions, which include North America, Latin America, Europe, China, Japan, SEA & Others of APAC, and the Middle East & Africa. The North America DC-DC converter market is expected to dominate the global DC-DC converter market due to the high adoption of and demand for DC-DC converters from approximately all major industry verticals and due to the presence of resources required for the implementation of DC-DC converters in the region. Asia Pacific, China, and Japan jointly held a share of approximately 38% of the DC-DC converter market in 2017. Moreover, the DC-DC converter market has high potential in SEA & Pacific and China owing to the presence of an unaddressed market and the high demand for DC-DC converters from countries such as China and India.
Click for More Info @ https://www.persistencemarketresearch.com/market-research/dc-dc-converter-market.asp