Global High Power DC-DC Converter Market is valued at approximately USD 9.17 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.79% over the forecast period 2022-2029. A high-power DC-DC converter is a power conversion circuit that smooths switch noise to a regulated DC voltage using high-frequency switches, inductors, transformers, and capacitors. As the input voltage and output current change, a closed feedback loop maintains a constant output voltage. The converter is found in computers, laptops, mobile phones, space vehicles, buses, and lighting systems, and is utilized in a variety of applications including IT & telecommunications, energy and power, consumer electronics, and automotive. The High Power DC-DC Converter Market is expanding because of factors such as the growing demand for electric vehicles which increases product demand as well as rising wind and solar power investments which drive market growth.
According to Statista, the worldwide electric vehicle industry is predicted to rise more than double to USD 1.4 trillion by 2027. Between 2022 and 2027, this corresponds to a significant compound annual growth rate (CAGR) of more than 19.19 per cent. Electric vehicles are viewed as the future in China, with market size and demand increasing exponentially, and it is projected that by 2025, electric vehicles would account for 25 to 50 per cent of the country’s passenger vehicle market. Also, increased investment by key players and GaN-based technological advancement will provide lucrative growth opportunities for the market during the forecast period. However, high-frequency noise caused by power converters may stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global High Power DC-DC Converter Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In terms of revenue, Asia Pacific dominated the market owing to the increased manufacturing and product launches will drive up product demand in the subsequent years. The region’s growth is also owing to increased investment in the development of high-power DC-DC converters by leading market participants. Furthermore, North America is expected to grow with the highest CAGR during the forecast period. The region’s market is expanding because of the increasing adoption of Internet of Things (IoT) technology and developments in surgical devices for digital power management and control, which are projected to drive the global market.
Major market player included in this report are:
ABB Ltd (Switzerland)
Analog Devices Inc. (U.S.)
Crane Co. (U.S.)
Delta Electronic Inc. (Taiwan)
Infineon Technologies (Germany)
TDK Corporation (Japan)
Texas Instruments (U.S.)
Vicor Corporation (U.S.)
Recent Developments in the Market:
In May 2021, TDK Corporation (TDK) formed a partnership with Contemporary Amperex Technology Co., Limited (CATL) to improve its electric vehicle electrical components and DC-DC converter businesses. CATL’s automotive electrical and power products are supplied by TDK.
In March 2022, Zekalab improved its 20kW DC-DC devices with numerous mechanical and operational modifications. Improved mechanical toughness, thermal endurance, control algorithms, and new operational modes were among the major enhancements.
Global High Power DC-DC Converter Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Input Voltage, Output Voltage, End-user, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Input Voltage:
100V – 500V
By Output Voltage:
100V – 500V
Energy & Power
Rest of the World