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The global DC-DC converter market size exhibited strong growth by reaching USD 21.92 billion by 2029. Fortune Business Insights™ in its report titled “DC-DC Converter Market Size, Share & COVID-19 Impact Analysis, By Type (Isolated and Non-Isolated), By Input Voltage (Upto 40V, 40V to 100V, 100V to 500V, and 500V to 1000V), By Output Voltage (Upto 100V, 100V to 500V, and 500V to 1000V), By End-user (Telecommunication, Automotive, Consumer Electronics, Energy & Power, Aerospace & Defense, Healthcare, and Others), and Regional Forecast, 2022-2029” observes that the market size in 2021 stood at USD 9.17 billion and reached USD 10.04 billion in 2022. The market exhibited a CAGR of 11.79% during 2022-2029. Increasing electric vehicles and electronics adoption is expected to foster market progress.
Flex Power Undertook the Expansion of its BMR491 Digital, Quarter Brick DC-DC Converters to Elevate its Product Portfolio
Flex Power expanded its BMR491 digital quarter brick DC-DC converters in March 2022 to enhance its product portfolio. The company launched BMR4912307/856 andBMR4913208/857 variants with Flex Power Modules’ ‘Hybrid Regulated Ratio (HRR)’ technique feature. This strategy may also enable Flex Power Module to boost its brand image worldwide.
Declining Electronics Production Hindered Industry Growth During the Pandemic
This market was negatively affected during the COVID-19 pandemic due to declining electronics production. The sudden spike in COVID-19 infections resulted in the closure of production activities. This factor disrupted the supply chain and hampered industry growth. Furthermore, transport and travel restrictions created raw material shortages. However, the post-COVID-19 phase enabled manufacturers to resume activities and empowered manufacturers to enhance their businesses and bolster their market growth during the pandemic.
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Increasing Portable Electronic Gadgets Demand to Foster Market Progress
DC-DC converters are used in several electronic devices such as cell phones, computers, and laptops. Increasing demand for portable electronic gadgets is anticipated to foster the converters’ adoption. Further, rising demand for power electronics may bolster sales. Moreover, the increasing adoption of 5G-powered high-performance devices may elevate the demand for high-quality semiconductors. Also, escalating demand for computing power and storage capacity may bolster the demand for converters. Additionally, the increasing adoption of electronic vehicles may drive the DC-DC converter market growth.
Key Players Deploy Expansion Strategies to Boost their Product Portfolio
The prominent companies operating in the market deploy expansion strategies to boost their product portfolio. For example, ABB Power Conversion expanded its DC/DC bus converters utilizing multiple novel modules powered by a 1500-watt (W) converter. This product offering is a highly powered quarter-brick converter and delivers a stellar performance. This strategy may allow companies to boost their product offerings, enhance sales, and bolster their brand image. Furthermore, key players deploy research & development, partnerships, acquisitions, innovations, mergers, and automated production techniques to reinforce their market stance worldwide.
Key Industry Development
List of Key Players Profiled in the Report
Further Report Findings
Table of Segmentation
Value (USD Billion)
By Type, Input Voltage, Output Voltage, End-user, and Geography
By Input Voltage
By Output Voltage