Global DC-DC Converter Market to Grow at a CAGR of 10.5% During 2024-2032, Driven by the Increasing Smartphones Penetration

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.

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Market Analysis by Input Voltage, Output Voltage, Mounting Style, Application, and Region:

• The market, on the basis of input voltage, can be divided into 5-36 V, 36-75V, and 75V and above.

• Based on output voltage, the industry can be divided into 3.3V, 5V, 12V, and 15V and above.

• On the basis of mounting style, the market is bifurcated into surface mount and through hole.

• The applications of DC-DC converter include smartphone, servers PCs, EV battery, railways, and medical equipment.

• The regional markets for DC-DC converter include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The rising demand for electric vehicles (EV) due to their sustainability and cost-effectiveness is increasing the use of DC-DC converter, hence aiding the market growth.

• The use of DC-DC converter in medical isolation system for the prevention of short circuit by providing optimal voltage is augmenting the industry growth.

• The market is being driven by the surging smartphone penetration and the rising demand for devices enabled with near field communication (NFC), which uses DC-DC converter extensively.

• The growing adoption of LED lights which use a DC-DC converter to control voltage, is augmenting the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global DC-DC converter market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the input voltages, output voltages, mounting styles, applications, and regions of DC-DC converter.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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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