Converter Modules Market

Converter modules are machines used to transform analog signals into digital signals, and vice versa for applications of high voltage. Growing competition for SMPS in data centers and a transition to battery-powered vehicles led to the development of the global market for converter modules. The implementations of these systems can be found in various vertical sectors, including manufacturing, education, logistics, and defense.

Thus, the converter modules market is expected to see steady growth over the forecast period. The converter modules are used in control components for either stepping up or stepping down the voltage for specific applications of security, surveillance, and communication. Given its low power consumption, high power density, precision, durability, and robustness, a DC-DC converter module is chosen. This also phases out ground loops, isolating the circuit, thus from interferences induced by other sources. To produce accurate performance, the source needed for this form of power module must provide low noise and ripple.

In the power transmission of offshore wind power systems by high voltage direct current (HVDC), the DC / DC converter module is used to pass power from wind turbines to HVDC terminals and plays a crucial role in providing high voltage gain, high output and high resistance to failures. This paper introduces a revolutionary multi-port DC / DC converter module with several modules connected in a flexible matrix configuration, which simultaneously provides an ultra-high voltage step-up ratio and low voltage / current part rating. Besides, soft-switching is obtained for all power switches due to the introduction of integrated clamping current-fed push-pull (CFPP) converters as sub-modules (SM) and the currents of series-connected CFPP converters are auto-balanced, which significantly reduce switching losses and control complexity. Furthermore, owing to the expandable matrix structure, the output voltage and power of a modular converter can be controlled by those of a single SM, or by adjusting the column and row numbers of the matrix. High control flexibility improves fault tolerance.

Regional Analysis

The worldwide market for converter modules is predicted to witness swift growth over the forecast period from 2019 to 2025, as stated in the report published by Market Research Future. The geographic study conducted on the converter modules market has been studied for regions like Europe, North America, Australia, Asia-Pacific, and the rest of the world (comprising South America and the Middle East & Africa). As per the analysis done by Market Research Future, the market in Asia-Pacific is estimated to hold the largest share of the worldwide converter modules market throughout the assessment period. Japan, Taiwan, and China, are among the key makers of converter modules within the Asia Pacific market. This factor contributes significantly to the development of the market in APAC. Also, the increasing per capita income level coupled with the rising population in the market, serves as influencing factors for the expansion of the worldwide converter modules market. Besides, the expanding government outlay in the defense sector also fuels the growth of the converter modules industry in the Asia Pacific market. On the other hand, the North America market is estimated to record the highest CAGR over the review period 2019–2025. The demand for high power activities in the defense and industrial verticals has accelerated the local makers in this market to explore the converter modules industry and encourage the growth of the North America converter modules market. Furthermore, the presence of emerged economies within the North America market also fuels the growth of the converter modules market significantly.

Key Players

The prominent players within the converter modules market are identified across all the key regions based on their geographic presence and country of origin. Additionally, the other factors influencing the market players include recent key developments, industry expertise, and product diversification. Some of the remarkable players prevailing in the worldwide converter modules market include RECOM Power GmbH (Austria), Murata Manufacturing Co., Ltd (Japan), ROHM Semiconductor (Japan), FUJITSU (Japan), Renesas Electronics Corporation (Japan), STMicroelectronics (Switzerland), ABB Ltd (Switzerland), Texas Instruments Incorporated (US), Delta Electronics, Inc. (Taiwan), Mitsubishi Electric Corporation (Japan), Advantech Co., Ltd (Taiwan), Flex Ltd. (US), Würth Elektronik GmbH & Co. KG (Germany), SynQor, Inc. (US), Vicor Corporation (US), OMRON Corporation (Japan), SUMIDA CORPORATION (Japan), TDK Corporation (Japan), TAMURA Corporation (Japan), and MORNSUN Guangzhou Science & Technology Co.,Ltd (China). The firms are dedicated on enhancing and upgrading their current product portfolios as well as advancing products by spending in research and development by studying the altering market trends.

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