Rapid industrialization in the APAC region is driving the market for DC-DC converters. The wide range of applicability of DC-DC converters across industry segments, especially the high level of growth in the ICT and medical devices segments also bolsters the demand. There is a lack of alternatives for DC-DC converters due to which there is a growing trend towards miniaturization and increasing deployment efficiency.

The market players catering to the ICT industry are required to ensure a high speed in innovations in order to keep pace with the quickly changing technological needs of this industry.

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The DC-DC converters market is expected to grow from USD 3.46 Billion in 2016 to USD 3.94 Billion by 2021, at a CAGR of 2.66%.

Factors, such as growing concern towards global energy consumption, introduction of advanced power saving architectures, increasing demand in current requirements by the ICT industry, and the emergence of digital power management and control technologies are expected to drive the DC-DC converters market.

The report "Global DC-DC Converters Market by Application, Output Number, Input Voltage, Output Voltage, Output Power, Sales Channel, Form Factor, Product Type and Region

On the basis of application:
The server, storage & network segment is growing at the highest CAGR. This growth can be attributed to the continuous increase in the number of data centers which demand energy efficiency and high performance. DC-DC converters fulfill the requirements of low voltage for these applications and ensure continuous power supply for optimal system performance.

On the basis of output number:
Three output is the fastest growing segment. The demand for three output is mainly driven due to the requirement of multiple outputs required for various on-board applications.

On the basis of input voltage:
The >70V is the fastest growing segment. The high voltage DC is more efficient to power future telecommunication and datacom systems such as 3G, 4G, and 5G systems. Thus the global rise in demand for 4G and 5G services will fuel the demand for DC-DC converters.

On the basis of output voltage:
The 15V systems are projected to grow at the highest CAGR during the forecast period. The demand for 15V DC-DC converters is increasing owing to certain advantages over low voltage DC-DC converters such as the compact size, cost effectiveness, and greater power.

On the basis of output power:
The