DC-DC Converter Market for space is likely to witness a moderate CAGR of 3.2% during the forecast period. Increasing concern towards global energy consumption, growing demand in present requirements by the ICT industry, introduction of advanced power saving architectures, and the emergence of digital power management and control technologies are the major factors expected to bolster the growth of the global DC-DC converters market during the forecast period.
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DC-DC Converter Market Segment Insights:
The server, storage & network segment is registering the highest growth. This growth of the segment is owing to the incessant increase in the number of data centers, which call for energy efficiency and high performance. DC-DC converters accomplish the requirements of low voltage for these applications and ascertain uninterrupted power supply for optimal system performance.
The three output subsegment is estimated to be the fastest-growing segment during the forecast period. The demand for three output is majorly driven by the demand for multiple outputs that are required for various on-board applications.
As the high voltage DC is more efficient to power future telecommunication and datacom systems, such as 3G, 4G, and 5G systems, the global rise in demand for 4G and 5G services will drive the demand for DC-DC converters during the forecast period.
The demand for 12V DC-DC converters is on the rise, driven by certain advantages over low voltage DC-DC converters, such as the cost effectiveness, compact size, and greater power.
By Region:
The global DC-DC converters market in the Asia-Pacific region held the largest market share in 2018, followed by the Americas. The region is likely to continue its dominance during the forecast period. China, Japan and Taiwan are the major producers of electronic devices, such as laptops, air conditioners, and cell phones, among others, which is likely to bolster the demand for DC-DC converters to a great extent.
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