Digital Power Conversion Market to reach US$ 38,340 Mn by

DUBAI, United Arab Emirates, January 24, 2022 (GLOBE NEWSWIRE) – A new study by Future Market Insights (FMI) reports a strong growth outlook for the global digital power conversion market and predicts a compound annual growth rate of 11.8% over the forecast period (2022 – 2029). The increasing reliance on electric cars and smart home appliances will continue to be among the main drivers of market growth.

2022 Market Value 17606 million US dollars
2029 Market Value 38.340 million US dollars
CAGR% (2022-2029) 11.8%
Share of the top 5 players in the market 25%

The growing demand for power supply solutions will continue to fuel the growth of the digital power conversion market over the following years.

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Key Takeaway – Digital Power Conversion Market Study

  • The adoption of active energy conditioning/energy filtration continues to expand in developing and developed countries.
  • Communication infrastructure requires high power applications and digital power management and control, mainly applied to switched mode power supply (SMPS), which takes a large share of various digital power transmission systems.
  • Isolated DC/DC converters can be used to interface elements in electric vehicles (EVs), hybrid electric vehicles (HEVs), and fuel cell electric vehicles (FCEVs).
  • The demand for digital energy transformation in infrastructure communications and the automotive industry is set to increase at a compound annual growth rate of ~9% and ~11.8%, respectively, during the forecast period.
  • Compared to developing regional markets, demand for digital power conversion will be higher in North American countries and some fast-growing economies across Asia Pacific excluding Japan (APEJ).

Global investments in digital power control technologies are expected to grow robustly, as digital power conversion improves system-wide reliability, monitoring, and safety. Solution Providers focus on expanding their investment portfolios and combining their services with advanced technology such as smart devices that support the Internet of Things.

Major players targeting APEJ for expansion

North America has been a notable market for demand for digital power conversion which currently accounts for around 30% of the market share. However, the digital power conversion market in APEJ is set to witness the highest compound annual growth rate (CAGR) during the projection period due to the strong economic growth in the region and the exceptional growth of the consumer electronics industry.

The major players in the digital power conversion market focus on expanding their business across countries in the Asia Pacific region, such as India and various countries of ASEAN. Increased investment by the governments of these countries in telecom infrastructure is attracting various digital power transmission providers to continue their business in these countries.

In February 2022, Schneider Electric, a leading converter for automation and electronic energy management, introduced Masterpact MTZ, the next generation of high-power low-voltage circuit breakers, combining reliability and high business performance with enhanced digital efficiency.

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Manufacturers prioritize the extended product range

To introduce digital power transformation, companies have begun to invest in core application areas such as communications for Internet of Things (IoT) and digital services (OSS/BSS and Telecom core) in the digital power conversion market and meet the growing demand from various application industries, including ICT and automotive and manufacturing industries.

In September 2022, Flexible Power Units introduced the BMR490 DC-DC converter with active current sharing. The new sharing mechanism in parallel takes advantage of two or more switches to challenge data applications, providing higher power on a single rail and increasing redundancy. Earlier in January 2022, TDK acquired Nextys SA and made it a wholly owned subsidiary. Nextys designs and produces an extensive line of power supplies and accessories for the DIN railway as well as the TDK-Lambda family of products. A “DIN rail” is an equipment mounting mechanism, which is commonly found in units of industrial control equipment.

Scope of the Digital Power Conversion Market Report

Describe details
Market value in 2021 15,829 Million USD
Market compound annual growth rate from 2014 to 2021 9.6%
Share of the top 5 players about 25%
prediction period 2022-2029
Historical data available for 2014-2021
market analysis Million USD value
Major areas covered North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, the Middle East and Africa
Main countries covered US, Canada, Germany, UK, France, Italy, Spain, Russia, Poland, China, Japan, South Korea, India, Australia, New Zealand, GCC, Turkey, North Africa, South Africa
Main market segments covered
An overview of the main companies • Texas Instruments Inc.

• NXP Semiconductor Inc.

• Vertief Corporation.

• Ericsson AB . Power Units

• GE Power

• Infineon Technologies AG

• Microchip Technology Inc.

• TDK . Company

• Kosel Company Limited.

• Cirrus Logic Inc.

Report coverage Market forecast, company share analysis, competition intelligence, DROT analysis, market dynamics and challenges, strategic growth initiatives
CUSTOMIZATION AND PRICING Available upon request

Learn more about Digital Power Conversion Market Report

In its new presentation, Future Market Insights presents an unbiased analysis of the global digital energy conversion market, providing historical demand data (2014-2021) and forecast statistics for 2022-2029. The study provides clear insights into the digital power conversion market based on product (DC/DC isolated, AC/DC, DC/AC, series, AC/Active power filtering, fast switching) and application (cloud computing, enterprise, telecom infrastructure, automotive and industrial) across Seven major regions.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in more than 150 countries. FMI is headquartered in Dubai, with delivery hubs in the UK, US and India. The latest market research and industry analysis reports from FMI help companies face challenges and make critical decisions with confidence and clarity amidst intense competition. Our customized and syndicated market research reports provide actionable insights that drive sustainable growth. FMI’s expert-led team of analysts constantly track emerging trends and events in a wide range of industries to ensure our clients are prepared for the evolving needs of their clients.

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