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The global converter modules market size was valued at USD ~8,040 million in 2018 and is expected to reach USD ~12,990 million by the end of the forecast period with a CAGR of ~7%.
Converter modules are devices that are used to convert analog signals to digital signals and vice versa for high voltage applications. Rising demand for SMPS in data centers and a shift towards battery-powered automobile have contributed to the growth of the global converter modules market. In addition to this, the applications of these modules can be observed in different industry verticals, including industrial, healthcare, logistics, and defense. Thus, the market for converter modules is expected to witness steady growth during the forecast period.
The converter modules are used in power components for either stepping up or stepping down the voltage for various security, surveillance, and communication applications. A DC-DC converter module is preferred due to its abilities of low power consumption, high power density, accuracy, reliability, and robustness. It also phases out ground loops, therefore, isolates the circuit from interferences caused by other circuits. The source required for this type of power module must provide low noise and ripple to generate accurate results.
As per MRFR analysis, there are several factors that affect the growth of the global converter modules market. The increasing demand for advanced power saving solutions and rapid developments in digital power management and control technologies have further propelled the growth of the global converter modules market. In addition to this, the developments in advanced driver assistance system (ADAS) technology, vehicle to everything (V2X) communication module, body electronics, and LED lighting has created opportunities for manufacturers to develop highly efficient converter modules. However, in a no-load state, these modules do not switch off automatically, thereby reducing the efficiency of systems. This acts as a significant challenge for the manufacturers of converter modules.
- In June 2019, Vicor Corporation launched its bus converter module (BCM), the BCM4414 800V, that can operate between input voltages from 500V to 800V. the BCM is isolated by 1.6 kW, 1/16 fixed ratio and provide Safety Extra Low Voltage (SELV) output voltages with a peak efficiency of 97%.
- In March 2019, TDK Corporation launched one of the smallest point-of-load DC-DC converters for applications in big data, AI, and 5G cells. The µPOL DC-DC converters are compact and provide the highest power density point-of-load as compared to other DC-DC converters.
- In July 2018, MORNSUN launched an SMD DC/DC converter module, CF0505XT-1WR3, designed specifically for automotive applications. The applications of this module can be seen in the battery management system (BMS) for new energy vehicles.
The global converter modules market has been segmented on the basis of type, application, and region.
By type, the global converter modules market has been bifurcated into DC-DC converter module, DC-AC converter module, and AC-DC converter module.
Based on application, the global converter modules market has been segmented into IT & telecommunication, industrial, healthcare, transportation & logistics, aerospace & defense, and others.
By region, the global converter modules market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America.
The global market for converter modules is estimated to grow at a staggering rate during the forecast period from 2019 to 2025. The geographic analysis of the converter modules market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America.
As per MRFR analysis, Asia-Pacific is estimated to dominate the global converter modules market, followed by North America and Europe. The demand for converter modules in the Asia-Pacific region is attributed to the high concentration of electric component manufacturers. The major contributors to the growth of converter modules market in Asia-Pacific are China, Japan, and Taiwan. Low labor costs in these countries has favoured the production of converter modules in this region. The European region is estimated to witness a stable yet exponential growth owing to the demand for converter modules for aerospace and defence applications. However, the North American region is forecasted to witness the highest growth during the forecast period 2019–2025.
Global Converter Modules Market, USD Million
Source: MRFR Analysis
The companies operating in the converter modules market are constantly striving to develop highly efficient and reliable components to stay abreast in the competition and establish a strong presence in the global market. To accomplish this, the manufacturers are focusing on diversifying the applications of their products to various industry verticals by expanding their existing product portfolios. The manufacturers also follow inorganic growth approaches such as acquisitions, partnerships, joint ventures, and collaborations to expand their geographic presence and gain a competitive advantage in the global converter modules market.
MRFR has identified a few companies as prominent players in the global converter modules market. These include Delta Electronics, Inc. (Taiwan), ROHM Semiconductor (Japan), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), Texas Instruments Incorporated (US), ABB Ltd (Switzerland), Mitsubishi Electric Corporation (Japan), Flex Ltd. (US), Advantech Co., Ltd (Taiwan), Murata Manufacturing Co., Ltd (Japan), RECOM Power GmbH (Austria), FUJITSU (Japan), TDK Corporation (Japan), TAMURA Corporation (Japan), and Würth Elektronik GmbH & Co. KG (Germany). These companies are analyzed on the basis of their geographic presence, origin, product portfoliod, key developments, and expertise in developing converter modules. Apart from the above-mentioned players, SUMIDA CORPORATION (Japan), OMRON Corporation (Japan), Vicor Corporation (US), SynQor, Inc. (US), and MORNSUN Guangzhou Science & Technology Co.,Ltd (China) have a significant presence in the global converter modules market.
- Technology Experts
- AC-DC/DC-DC Converter Manufacturers
- Original Equipment Manufacturers (OEMs)
- Military and Defense Organizations
- Electrical Equipment Service Providers and Distributors
- Embedded Systems Manufacturers
- Electronic Devices Manufacturers and Service Providers
- Power Supply Industry
- converter modules market
- converter modules market size
- converter modules industry
- dc dc converter module
- ac to dc converter
- transceiver module
- voltage converter
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