DC-DC Converter Market to Reach USD 21.92 Billion by 2029; Strong Adoption of Electronics to Foster Market Progress

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

• May 2022 - Delta Electronic Inc. held a press conference at COMPUTEX 2022 to present its "Zero Carbon Community" to showcase its smart building automation, smart energy, and e-mobility solutions. During the event, Delta also highlighted its brand new corporate identity with the concept of “Unceasing Innovation for a Better Living” as the company branches into a commercial brand from its original industrial brand.

List of Key Players Profiled in the Report

• Advanced Energy Industries, Inc. (U.S.)


• Analog Devices, Inc. (U.S.)


• ABB (Switzerland)


• Crane Holdings, Co. (U.S.)


• Delta Electronics, Inc. (Taiwan)


• Flex Ltd (Singapore)


• Infineon Technologies AG (Germany)


• Murata Manufacturing Co., Ltd. (Japan)


• NXP Semiconductor (Netherlands)


• Renesas Electronics Corporation (Japan)


• Skyworks Solutions, Inc. (U.S.)


• STMicroelectronics (Switzerland)


• TDK Corporation (Japan)


• Texas Instruments Incorporated (U.S.)


• Vicor Corporation (U.S.)

Further Report Findings

• The market in Asia Pacific stood at USD 4.83 billion in 2021 and is expected to gain a huge portion of the global DC-DC converter market share in the coming years. Rapid expansion of the transport and telecommunications sector may bolster industry growth.


• Robust demand for 5G-powered devices may boost the DC-DC converters industry’s progress.


• In Europe, the swift transformation of converters from the aerospace and defense sectors is likely to foster industry growth.

Table of Segmentation