The Digital Power Conversion Market Size, Top Key Players, Latest Trends, Regional Insights and Global Industry Dynamics

The Digital Power Conversion Market is expected to grow from US$ 17,606 Million in 2022 to US$ 38,340 Million by 2029 and exhibit a remarkable 11.8% CAGR between 2022 and 2029.

Increasing demand for power supply solutions will continue to bolster the growth of the digital power conversion market over the following years. The rising adoption of electric cars and smart home appliances will also remain among the key boosters to market growth.

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Key Takeaways – Digital Power Conversion Market Study

The adoption of power conditioning/active power filtering continues to broaden in developing and developed countries.
Communication infrastructure requires high power applications, digital power management, and control, mainly applied to the switched-mode power supply (SMPS), which captures a substantial share of various digital power conversion 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).
Demand for digital power conversion in infrastructure communication and the automotive industry is set to increase at the CAGR of ~9.6% and ~11.8% respectively, during the forecast period.
As compared to developing regional markets, demand for digital power conversion will be higher in North American countries and some of the fast-developing economies across the Asia Pacific excluding Japan (APEJ).

Key Players Targeting APEJ for Expansion

North America has been a prominent market for digital power conversion demand that currently accounts for around 30% share in the market. However, APEJ’s digital power conversion market is set to exhibit a higher CAGR over the projection period owing to the solid economic growth of the region and exceptional growth of the consumer electronics industry.

Major players in the market for digital power conversion focus on expanding their businesses across countries in Asia Pacific, such as India and various ASEAN countries. Increasing investments by governments of these countries in the communication infrastructure attract different digital power conversion providers to continue their businesses in these countries.

Manufacturers Prioritizing Extended Product Line-ups

To offer digital power conversion, companies have started investing in core application areas such as communication for the Internet of Things (IoT), digital services (OSS/BSS and telecom core) in the digital power conversion market and meet the growing demand from various application industries, including IT telecom, automotive, and manufacturing industries.

In September 2022, Flex Power Modules introduced the BMR490 DC-DC converter with active current sharing. The new sharing mechanism makes parallel use of two or more converters for challenging Datacom applications, delivering higher power on a single rail and increasing redundancy. Earlier in January 2022, TDK Corporation acquired NeXTs SA and made it a wholly-owned subsidiary.

NeXTs designs and produces a wide product line of DIN rail power supplies and accessories in addition to the product portfolio of TDK-Lambda. “DIN rail” is a mounting mechanism for equipment, which is commonly found in modules for industrial control equipment.

Know More About Digital Power Conversion Market Report

In its new offering, Future Market Insights puts forward an unbiased analysis of the global market for digital power conversion, providing historical demand data (2014-2021) and forecast statistics for 2022-2029.

Digital Power Conversion Market Outlook by Category

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