Global Converter Modules Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 7.5% through 2020 to 2027, reaching US$ XX Mn.
Global Converter Modules Market
Global Converter Modules Market
The report has covered region wise market trends with competitive landscape. The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Converter modules are devices that are utilized to convert analog signals to digital signals and vice versa for high voltage applications.The global converter modules market is driven by the growing adoption of environment-friendly electric vehicles and increasing power requirements of networking infrastructure.Growing requirement for reliable power supply units for use in out-patient care equipment and rising demand for energy-efficient devices/appliances across the global are also projected to impelling the market growth in the forecast period.However, regulations and safety standards that vary from country to countryis restraining the market growth at the global level.Heating issues in converters modules and inability of converters modules to switch-off during no-load situationsare the major challenge for the converter modulesmarket in the near future.
Based on the type, the DC-DC converters segment has led the Converter Modules market in 2019 and is estimated to generate more than US$ XX Mn market revenue by 2027, with a CAGR of XX%. DC-DC converters are used in numerous applications such as aerospace, consumer electronics, telecommunication, automotive, and medical. Incorporating new power-saving architectures in DC-DC converters and rising use of thick film hybrid DC-DC converters in space applications are creating the growth opportunities for the segment in the market. e.g., In July 2018, MORNSUN introduced an SMD DC/DC converter module, CF0505XT-1WR3, intended particularly for automotive applications like battery management system (BMS) for new energy vehicles.
Geographically, the converter modules market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held the prominent market share of XX% in 2019 and is expected to reach US$ Mn by the end of 2027, with a CAGR of XX%. Thanks to the presence of electric component manufacturers in the region. China, Japan, and Taiwan are the leading contributors to the growth of the converter modules market in Asia-Pacific due to Low labor costs in these countries and have favored the production of converter modules in this region. Increasing investments in research and development activities for the introduction of advanced converter modules are predicted to accelerate the growth of this region in the near future. The market in Europe is expected to grow at a high CAGR of XX% during the forecast period thanks to the demand for converter modules for aerospace and defense applications.
A report cover the recent development in market for the global Converter Modules market e.g., In March 2019, TDK Corporation introduced one of the smallest point-of-load DC-DC converters for applications in large information, 5G cells and AI. The µPOL DC-DC converters are compact and offer the highest power density point-of-load than other DC-DC converters.
The objective of the report is to present a comprehensive analysis of the Global Converter Modules Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Converter Modules Market dynamics, structure by analyzing the market segments and project the Global Converter Modules Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Converter Modules Market make the report investor’s guide.
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Scope of the Global Converter Modules Market:
Global Converter Modules Market, by Type:
• DC-DC converter module
• DC-AC converter module
• AC-DC converter module
Global Converter Modules Market, by Application:
• IT & telecommunication
• Transportation & logistics
• Aerospace & defense
Global Converter Modules Market, by Region:
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Global Converter Modules Market, Major Players:
• Delta Electronics, Inc.
• ROHM Semiconductor
• Renesas Electronics Corporation
• Texas Instruments Incorporated
• ABB Ltd
• Mitsubishi Electric Corporation
• Flex Ltd.
• Advantech Co., Ltd
• Murata Manufacturing Co., Ltd
• RECOM Power GmbH
• TDK Corporation
• TAMURA Corporation
• Würth Elektronik GmbH & Co. KG
• SUMIDA CORPORATION
• OMRON Corporation
• Vicor Corporation
• SynQor, Inc.
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