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The Asia Pacific region is anticipated to grow robustly owing to increasing disposable income and rapid urbanisation. This is surging the smartphone penetration in the region, which is consequently increasing the demand for DC-DC converter, hence aiding the market growth. Moreover, the increasing demand for consumer electronics such as laptops and tablets is further augmenting the growth of the DC-DC converter industry. The advent of the 5G technology in various countries in the region is escalating the demand for devices with the latest technologies, which is positively impacting the market growth. The adoption of the latest technologies in nations such as South Korea, China, and Japan is leading to the development of innovative and more efficient DC-DC converters. This is anticipated to drive the industry growth. In addition, the rising use of electric vehicles, especially electric scooters, in emerging countries owing to the rising prices of crude oil is expected to invigorate the market growth for DC-DC converter.
Texas Instruments Inc. (NASDAQ: TXN), one of the leading players in the industry, introduced the first DC-DC buck boost converter, TPS63900, in September 2020. The converter can combine programmable input current limit and integrated dynamic voltage, which can extend battery life by at least 50%. It maintains the lowest quiescent current while delivering up to three times more output current than other devices. The converter can aid engineers to extend the life span of battery-powered industrial and personal electronic applications. Moreover, the product increases the stability of connected applications by reducing output-voltage ripple caused by local transients, which are particularly beneficial for applications like smart water and gas meters. The development of such products is expected to propel the market growth in the forecast period.
Market Analysis by Input Voltage, Output Voltage, Mounting Style, Application, and Region:
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The major players in the global market for DC-DC converter are Texas Instruments Inc., Murata Manufacturing Co., Ltd., General Electric Company, and RECOM Power GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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