The report of Global Converter Modules Market by Type (DC-DC converter module, DC-AC converter module, AC-DC converter module)Application (IT & telecommunication, Industrial, Healthcare, Transportation & logistics, Aerospace & defense, others), and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of 7.5% during a forecast period.
The global converter modules market is driven by the growing adoption of environment-friendly electric vehicles and increasing power requirements of networking infrastructure. However, regulations and safety standards that vary from country to country are restraining the market growth at the global level. Heating issues in converters modules and the inability of converters modules to switch-off during no-load situations are the major challenge for the converter modules market in the near future.
DC-DC converters segment is expected to grow at the highest XX% CAGR during the forecast period.
In 2019, the DC-DC converters segment has dominate the Converter Modules market and is estimated to grow at a CAGR of XX% during the forecast period.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.
The Asia Pacificdominated the Converter Modules market in 2019
In 2019, Asia Pacific held the XX% share of the converter modules market and is expected to maintain its dominance during the forecast period owing 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.In terms of both value and volume, the Europe region will record a significant CAGR of XX% during the forecasted period due tothe demand for converter modules for aerospace and defense applications.
Key players operating the global Converter Modules market are Delta Electronics, Inc., ROHM Semiconductor, STMicroelectronics, Renesas Electronics Corporation, Texas Instruments Incorporated, ABB Ltd, Mitsubishi Electric Corporation, Flex Ltd., Advantech Co., Ltd, Murata Manufacturing Co., Ltd, RECOM Power GmbH, FUJITSU, TDK Corporation, TAMURA Corporation, Würth Elektronik GmbH & Co. KG, SUMIDA CORPORATION, OMRON Corporation, Vicor Corporation, SynQor, Inc., and MORNSUN Guangzhou Science & Technology Co.,Ltd
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Converter ModulesMarket. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Converter Modules Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Converter Modules Market positioning of competitors.
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