Market Overview
The global DC-DC Converter market was valued at USD 4.97 billion in 2022 and expected to grow at a CAGR of 5.0% during the forecast period. A DC-DC converter, also known as a switching regulator, is an electronic device that converts one DC voltage level to another. It is used to provide a stable, regulated voltage output that can be different from the input voltage. DC-DC converters are widely used in a variety of applications, including consumer electronics, automotive, industrial, and medical devices.
DC-DC converters operate by switching a voltage input on and off rapidly using a transistor, inductor, and capacitor to convert the voltage to the desired output level. The switching frequency can be adjusted to control the output voltage and efficiency of the converter.
There are several types of DC-DC converters available, including step-up (boost) converters, step-down (buck) converters, and bidirectional converters. Step-up converters increase the input voltage to a higher output voltage, while step-down converters decrease the input voltage to a lower output voltage. Bidirectional converters can perform both functions, converting voltage in either direction.
DC-DC converters offer several advantages over linear regulators, including higher efficiency, lower power dissipation, and better thermal management. They are also more compact and lightweight than linear regulators, making them ideal for portable and battery-powered devices.
Growing demand for energy-efficient power solutions: With the increasing emphasis on energy efficiency and sustainability, there is a growing demand for DC-DC converters that offer high efficiency and low power dissipation. This trend is driving the adoption of DC-DC converters in various applications, including consumer electronics, automotive, and industrial.
Technological advancements: Technological advancements in DC-DC converter design are leading to more efficient and compact solutions, which are in turn driving the adoption of these devices in a wide range of applications. These advancements include the use of new materials, design techniques, and control algorithms.
Increasing demand for portable and battery-powered devices: The growing demand for portable and battery-powered devices, such as smartphones, tablets, and wearables, is driving the demand for compact and efficient DC-DC converters that can operate with low power consumption.
Market consolidation: The DC-DC converter market is highly competitive, and there has been a trend towards market consolidation as companies seek to expand their product portfolios and market share. This consolidation is leading to increased competition and innovation in the market.
Volatility in raw material prices: The DC-DC converter market is affected by volatility in raw material prices, particularly in the prices of copper, aluminum, and magnetic materials, which are key components in DC-DC converters. This volatility can impact the cost of production and ultimately the price of DC-DC converters in the market.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 4.97 Billion |
Market Forecast in 2031 | USD 7.56 Billion |
CAGR % 2023-2031 | 5.0% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2031 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | By Input Voltage, By Output Voltage, By Mounting Style, By Application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Texas Instruments, Analog Devices, Inc., Infineon Technologies AG, STMicroelectronics, ROHM Semiconductor, ON Semiconductor, Vishay Intertechnology, Maxim Integrated, Delta Electronics, Murata Manufacturing Co., Ltd. |
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Impact of COVID
Supply chain disruptions: The pandemic has disrupted global supply chains, including the supply of raw materials and components used in the manufacture of DC-DC converters. This has led to delays in production and shipment of DC-DC converters, impacting the supply of these devices.
Reduced demand in some sectors: The pandemic has resulted in reduced demand for DC-DC converters in some sectors, such as automotive and industrial, due to supply chain disruptions, reduced consumer spending, and lower business activity.
Increased demand in some sectors: On the other hand, there has been increased demand for DC-DC converters in some sectors, such as healthcare, as the demand for medical devices and equipment has surged due to the pandemic.
Changes in consumer behavior: The pandemic has also resulted in changes in consumer behavior, with an increased reliance on remote work and e-commerce. This has driven the demand for portable devices, such as laptops, tablets, and smartphones, which in turn has increased the demand for DC-DC converters that can operate efficiently with low power consumption.
Shift to online sales: With lockdowns and social distancing measures in place, there has been a shift towards online sales channels for electronic components, including DC-DC converters. This has driven the growth of e-commerce platforms, which has helped to mitigate the impact of the pandemic on the DC-DC converter market.
Input Voltage Insights
5-36V: This segment includes DC-DC converters that accept input voltages in the range of 5-36V. It is expected to have the largest market share due to the increasing adoption of DC-DC converters in portable and battery-powered devices, such as smartphones, tablets, and wearables. This segment is expected to grow at a CAGR of around 6% during the forecast period.
36-75V: This segment includes DC-DC converters that accept input voltages in the range of 36-75V. It is expected to have a significant market share due to the increasing adoption of DC-DC converters in automotive, industrial, and telecommunications applications. This segment is expected to grow at a CAGR of around 4% during the forecast period.
75V and above: This segment includes DC-DC converters that accept input voltages of 75V and above. It is expected to have a relatively smaller market share but is expected to grow at a faster rate due to the increasing demand for high-voltage DC-DC converters in industrial and power distribution applications. This segment is expected to grow at a CAGR of around 7% during the forecast period.
Others: This segment includes DC-DC converters that accept input voltages outside the above-mentioned ranges. It is expected to have a smaller market share due to the limited demand for DC-DC converters with unusual input voltage requirements. This segment is expected to grow at a CAGR of around 3% during the forecast period.
Overall, the 5-36V segment is expected to have the largest market share, driven by the growing demand for portable and battery-powered devices, while the 75V and above segment is expected to have the highest growth rate due to the increasing demand for high-voltage DC-DC converters in industrial and power distribution applications.
Output Voltage Insights
3.3V: This segment includes DC-DC converters that provide an output voltage of 3.3V. It is expected to have a relatively smaller market share due to the limited demand for DC-DC converters with this output voltage. However, it is commonly used in low-power digital circuits and microcontrollers. This segment is expected to grow at a CAGR of around 3% during the forecast period.
5V: This segment includes DC-DC converters that provide an output voltage of 5V. It is expected to have the largest market share due to the widespread adoption of DC-DC converters with this output voltage in various applications, such as consumer electronics, automotive, and industrial. This segment is expected to grow at a CAGR of around 4% during the forecast period.
12V: This segment includes DC-DC converters that provide an output voltage of 12V. It is expected to have a significant market share due to the increasing demand for DC-DC converters with this output voltage in automotive and industrial applications. This segment is expected to grow at a CAGR of around 5% during the forecast period.
15V: This segment includes DC-DC converters that provide an output voltage of 15V. It is expected to have a smaller market share compared to the other segments due to the limited demand for DC-DC converters with this output voltage. However, it is commonly used in audio equipment and industrial applications. This segment is expected to grow at a CAGR of around 3% during the forecast period.
Mounting Style Insights
Surface mount: This segment includes DC-DC converters that are designed for surface mounting onto printed circuit boards (PCBs). It is expected to have the largest market share due to the increasing demand for compact and lightweight electronics. Surface mount DC-DC converters are widely used in consumer electronics, telecommunications, and automotive applications. This segment is expected to grow at a CAGR of around 5% during the forecast period.
Through hole: This segment includes DC-DC converters that are designed for through-hole mounting onto PCBs. It is expected to have a smaller market share compared to the surface mount segment due to the larger size and weight of through-hole mounted components. Through-hole mounted DC-DC converters are commonly used in industrial and military applications where durability and reliability are crucial. This segment is expected to grow at a CAGR of around 3% during the forecast period.
Regional Insights
North America: This region held the largest market share in 2020, accounting for approximately 40% of the total DC-DC Converter market. The presence of advanced healthcare infrastructure, increasing prevalence of cardiovascular diseases, and high adoption of technologically advanced devices are the key factors driving the growth of this region.
Competitive Analysis
Some of the major companies operating within the market are B Braun Melsungen AG, Abbott, Johnson & Johnson Services, Inc., Medtronic, Boston Scientific Corporation, LivaNova Plc, Edwards Lifesciences Corporation, GE Healthcare, Siemens Healthcare GmbH, Terumo Cardiovascular Systems Corporation. These players are focusing on product innovation, expansion, and partnerships to strengthen their market position and meet the growing demand for DC-DC Converter globally.
Recent News
·        In Feb 2023, Asahi Kasei Microdevices (AKM) has launched a new DC-DC step-up converter with ultra-low power consumption that is able to boost low voltages, offering solutions for remote and battery-free operation as well as low-maintenance applications in the fields of asset monitoring and IoT.
·        In Jan 2023, Micross Components, Inc., a provider of high-reliability microelectronic product and service solutions for aerospace, defense, space, medical and industrial applications and a portfolio company of Behrman Capital, has acquired High-Reliability DC-DC converter business (the "Business") of Infineon Technologies AG, a global semiconductor leader in power systems and IoT.
On the basis of input voltage, the DC-DC Converter Market is bifurcated into:
·        5-36V
·        36-75V
·        75V and above
·        Others
On the basis of output voltage, the market is segmented into:
·        3.3V
·        5V
·        12V
·        15V and above
·        Others
On the basis of mounting style, the market segmented into:
·        Surface mount
·        Through hole
·        Others
On the basis of application, the market segmented into:
·        Smartphone
·        Servers PCs
·        EV battery
·        Railway
·        Medical equipment
·        Others
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Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
§ Business Model
§ Production Capacity, Revenue, Sales, Gross Margin
§ Key Business Strategy
§ SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
§ Company Share Analysis from 2018-2022
§ Company Analysis by Revenue and Sales
§ Company Production Capacity, Gross Margin
§ Company Share Analysis by Application/End Use
§ Company Share Analysis by Product/Specification
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·        How far market will grow in forecast period in terms of revenue and volume?
·        What factors will influence demand and supply trends across each markets during the forecast period?
·        What are the technology trends shaping various markets?
·        Which country / region has more opportunities?
·        What is the COVID-19 impact on the market and how long will it take to recover?
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·        What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
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