DC-DC Converter Market Size 2022-2027

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Global DC-DC Converter Market Research Report:

According to the latest report by IMARC Group, titled “ DC-DC Converter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022 -2027

” the global DC-DC converter market reached a strong growth in 2021. The operating voltage of various electronic devices, such as integrated circuits (ICs), can vary over a wide range and lead to degradation and malfunction if an unstable or improper voltage is supplied. Therefore, DC-DC converters, also known as linear or switching regulators, are incorporated in electronic devices to convert and stabilize direct current (DC) voltage to another. They rely on highfrequency switching and inductors, transformers, and capacitors to efficiently produce a regulated voltage. Nowadays, several manufacturers are offering DC-DC converters that allow customers to develop and differentiate their power designs.

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Global DC-DC Converter Market Trends :

The increasing demand for portable electronic devices, such as cellular phones, laptops, and computers, on account of the rising internet penetration, represents one of the key factors impelling the market growth. Apart from this, DC-DC converters play a pivotal role in electric vehicles (EVs) to ensure high-efficiency energy conversion, run vehicle accessories and recharge the auxiliary battery. This, in confluence with the growing environmental concerns and awareness among individuals about the high vehicular pollution levels and various government initiatives to reduce carbon footprints, is influencing the market positively. Besides this, with the constant depletion of conventional energy sources like coal, oil, and natural gas, the development and application of renewable energy sources is increasing worldwide. This, in turn, is driving the need for DC-DC converters to achieve precise control of input and output characteristics and improve the applicability and reliability of energy management systems. Furthermore, market players are offering an extensive range of DC-DC converters, from economical low power solutions to robust and reliable power modules, which are suitable for use in industrial, medical, defense, and railway applications.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).

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