What Has Been the Growth Trajectory of the DC-DC converter Market?
The dc-dc converter market has seen considerable growth due to a variety of factors.
• In recent times, the market size for DC-DC converters has seen a swift expansion. The growth scale is projected to climb from $12.78 billion in 2024 to $14.21 billion in 2025, with a compound annual growth rate (CAGR) of 11.1%.
Factors such as the miniaturization of electronics, demand for power efficiency, the proliferation of mobile and consumer electronics, surge in renewable energy systems, and expansion of automotive electrification fueled the growth during the historical period.
What Does the Future Hold for the DC-DC converter Market?
The dc-dc converter market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of DC-DC converters is forecasted to experience swift expansion in the upcoming years, reaching a value of $22.11 billion by 2029, with a compound annual growth rate (CAGR) of 11.7%.
The expected growth in the forecast period is due to increasing demands from the aerospace and defense sectors, energy efficiency norms, data centers and cloud computing, medical and healthcare electronics, and cleaner and electronic mobility solutions. The key trends during this forecast period are anticipated to be the rollout of 5g networks, the use of IoT and edge computing, advancements in technology, the rising adoption of AI and ML, and innovative product developments.
What Main Forces Are Fueling Expansion In The DC-DC converter Market?
Rising energy use is anticipated to drive the expansion of the DC-DC converter market in the future. Power consumption refers to the amount of energy used over a specific period. In digital systems, the level of power usage plays a pivotal role. DC-DC converters are frequently employed to swiftly regulate the supply voltage of the output stage to a fixed value. This level just needs to be upheld sufficiently high to supply a stimulating current to the load without reaching saturation. For instance, France's International Energy Agency reported in September 2024 that net electricity production in June 2024 totaled 902.8 TWh, marking a 5.4% rise compared to the same period one year before. In the first half of 2024, the year-to-date net electricity production surged by 2.9%. Given these circumstances, the growth of the DC-DC converter market is anticipated to be boosted by increased energy use.
What Are The Primary Segments In The Global DC-DC converter Market?
The DC-DC converter market covered in this report is segmented –
1) By Product Type: Isolated DC-DC Converters, Nonisolated DC-DC Converters
2) By Input Voltage: 3V-14V, 15V-35V, 36V-75V, >75V
3) By Output Power: 0.25W-250W, 250W-500W, 500W-1000W, >1000W
4) By Industry: Consumer Electronics, Healthcare, Automotive, IT and Telecommunication, Aerospace and Defense, Railways, Energy and Power, Other Industries
Subsegments:
1) By Isolated DC-DC Converters: Flyback Converters, Forward Converters, Push-Pull Converters, Half-Bridge Converters, Full-Bridge Converters
2) By Nonisolated DC-DC Converters: Buck Converters, Boost Converters, Buck-Boost Converters, Cuk Converters, Sepic Converters
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Which Key Trends Are Driving Changes In The DC-DC converter Market?
Cutting-edge technology is the primary trend gaining traction in the DC-DC converter marketplace. Major enterprises in this field are creating innovative goods to strengthen their standing. For illustration, Rohm Semiconductor, a Japanese electronics part manufacturer, launched the BD9S402MUF-C, a unique buck DC/DC converter IC with built-in MOSFET (switching regulator), intended for use in vehicle ADAS (Advanced Driver Assistance Systems) and entertainment structures in September 2022. These systems increasingly include sophisticated onboard sensors and cameras. The newly introduced BD9S402MUF-C utilizes proprietary QuiCurTM high-speed load response technology. This enables stable performance at an unmatched 30mV (measured conditions include 5V input voltage, 44F output capacitance, 1.2V output voltage, and current variation load from 0 to 2A/2s). Consequently, output voltage fluctuations reduce by 25% when compared to the leading standard products offering the same functionality. This makes it the ideal choice for the latest ADAS with strict power supply requirements, calling for stable performance within 5% even under low output voltage conditions.
Who Are the Key Players in the DC-DC converter Market?
Major companies operating in the DC-DC converter market include:
• Texas Instruments Incorporated
• Murata Manufacturing Co. Ltd.
• Delta Electronics Inc.
• Vicor Corporation
• TDK-Lambda Corporation
• Infineon Technologies AG
• MEAN WELL Enterprises Co. Ltd.
• Cincon Electronics Co. Ltd.
• RECOM Power GmbH
• Würth Elektronik eiSos GmbH & Co. KG
• Traco Electronic AG
• Mornsun Guangzhou Science & Technology Co. Ltd.
• Flex Ltd.
• CET Technology
• Tri-Mag LLC
• Yuan Dean Scientific Co. Ltd.
• XP Power Ltd.
• Bel Fuse Inc.
• CUI Inc.
• Ericsson Power Modules AB
What Is The Most Dominant Region In The DC-DC converter Market?
North America was the largest region in the DC-DC converter market in 2024. The regions covered in the DC-DC converter market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
