The global converter modules market is expected to exhibit a strong 7% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global converter modules market was valued at more than USD 8 billion in 2018 and is expected to reach a valuation of close to USD 13 billion by 2025, according to the report.
The major drivers and restraints affecting the global Converter Modules Industry are examined in detail in the report. Thus, the report provides readers with a complete overview of the growth trajectory of the global converter modules market. Major factors and trends operating in the global converter modules market are examined in the report to give readers an accurate overview of the market’s growth trajectory. Major players in the global converter modules market are also examined in the report to provide readers with an accurate overview of the competitive landscape of the market. The report also examines the impact of the COVID-19 pandemic on the global converter modules market.
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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 automobiles have contributed to the growth of the global converter modules market. In addition to this, the application 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. 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 features of low power consumption, high power density, accuracy, reliability, and robustness. It also phases out ground loops and 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’s 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-anything (V2X) communication modules, body electronics, and LED lighting have 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.
Competitive Leaderboard:
Leading players in the global converter modules market include MORNSUN Guangzhou Science & Technology Co. Ltd., SynQor Inc., Vicor Corporation, Omron Corporation, Sumida Corporation, Wurth Elektronik GmbH & Co. KG, Tamura Corporation, TDK Corporation, Fujitsu, RECOM Power GmbH, Murata Manufacturing Co. Ltd., Advantech Co. Ltd., Flex Ltd., Mitsubishi Electric Corporation, ABB Ltd., Texas Instruments Inc., Renesas Electronics Corporation, STMicroelectronics, ROHM Semiconductor, and Delta Electronics Inc.
In June 2019, Vicor Corporation launched its bus converter module (BCM), the BCM4414 800V, which can operate between input voltages from 500V to 800V. The BCM is isolated by 1.6 kW, 1/16 fixed ratio and provides safety extra low voltage (SELV) output voltages with a peak efficiency of 97%.
Segmentation:
The global converter modules market is segmented on the basis of type, application, and region.
By type, the global converter modules market is segmented into DC-DC converter modules, DC-AC converter modules, and AC-DC converter modules.
By application, the global converter modules market is segmented into IT and telecom, industrial, healthcare, transportation and logistics, aerospace and defense, and others.
Regional Analysis:
Asia Pacific is likely to dominate the global converter modules market over the forecast period due to the growing number of electrical equipment manufacturers in the region.
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The growth sectors of the Converter Modules Market are identified with precision for a better growth perspective.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.FREE PDF@ https://www.marketresearchfuture.com/sample_request/8164Thus, the converter modules market is expected to see steady growth over the forecast period.
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.
Market HighlightsConverter modules allow components to work in high-power situations without using an external source.
This helps manufacturers reduce costs of the board and simplify the circuit design, resulting in the elimination of ground loop and interferences occurring from other circuits.
Component manufacturers are focusing on designing isolated converter modules that comply with stringent medical safety standards to extend their reach in the healthcare equipment industry.Moreover, the market has witnessed a significant shift towards battery-powered automobile, therefore, encouraging the component manufacturers to develop converter modules complementing the needs of the automotive industry.Key PlayersThe key players in the converter modules market are identified across all the major regions based on their country of origin, geographic presence, recent key developments, product diversification, and industry expertise.
Some of them are Murata Manufacturing Co., Ltd (Japan), RECOM Power GmbH (Austria), FUJITSU (Japan), ROHM Semiconductor (Japan), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), Texas Instruments Incorporated (US), ABB Ltd (Switzerland), Mitsubishi Electric Corporation (Japan), Delta Electronics, Inc. (Taiwan), Flex Ltd. (US), Advantech Co., Ltd (Taiwan), Würth Elektronik GmbH & Co. KG (Germany), Vicor Corporation (US), SynQor, Inc. (US), SUMIDA CORPORATION (Japan), OMRON Corporation (Japan), MORNSUN Guangzhou Science & Technology Co.,Ltd (China), TDK Corporation (Japan), and TAMURA Corporation (Japan).
The companies are focused on upgrading and enhancing their existing product portfolios as well as innovating products by investing in research and development by analyzing the changing market trends.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8164Segmental AnalysisAs per the study conducted by MRFR, the global converter modules market has been segmented on the basis of type and application.
On the basis of type, the DC-DC converter module segment is estimated to dominate the growth of global market during the forecast period.
Global Converter Modules Market Research Report: By type (DC-DC Converter Module, DC-AC Converter Module, AC-DC Converter Module), by Application (IT & Telecommunication, Industrial, Healthcare, Transportation & Logistics, Aerospace & Defense, and Others), by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America) — Forecast till 2025An increasing demand for converter modules for applications in healthcare is anticipated to fuel the growth of global converter modules market during the forecast period 2019–2025.Converter Modules Market HighlightsConverter modules allow components to work in high-power situations without using an external source.
This helps manufacturers reduce costs of the board and simplify the circuit design, resulting in the elimination of ground loop and interferences occurring from other circuits.
Component manufacturers are focusing on designing isolated converter modules that comply with stringent medical safety standards to extend their reach in the healthcare equipment industry.
Moreover, the market has witnessed a significant shift towards battery-powered automobile, therefore, encouraging the component manufacturers to develop converter modules complementing the needs of the automotive industry.Get Sample @ https://www.marketresearchfuture.com/sample_request/8164Key PlayersThe key players in the converter modules market are identified across all the major regions based on their country of origin, geographic presence, recent key developments, product diversification, and industry expertise.
Some of them are Murata Manufacturing Co., Ltd (Japan), RECOM Power GmbH (Austria), FUJITSU (Japan), ROHM Semiconductor (Japan), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), Texas Instruments Incorporated (US), ABB Ltd (Switzerland), Mitsubishi Electric Corporation (Japan), Delta Electronics, Inc. (Taiwan), Flex Ltd. (US), Advantech Co., Ltd (Taiwan), Würth Elektronik GmbH & Co. KG (Germany), Vicor Corporation (US), SynQor, Inc. (US), SUMIDA CORPORATION (Japan), OMRON Corporation (Japan), MORNSUN Guangzhou Science & Technology Co.,Ltd (China), TDK Corporation (Japan), and TAMURA Corporation (Japan).
The companies are focused on upgrading and enhancing their existing product portfolios as well as innovating products by investing in research and development by analyzing the changing market trends.Segmental AnalysisAs per the study conducted by MRFR, the global converter modules market has been segmented on the basis of type and application.
Converter Modules Industry 2021-2027New Study Reports " Converter Modules Industry 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2027" has been Added on MarketResearchFuture.Report OverviewThe report on the Converter Modules Industry provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding.
The various economic and demographic factors that influence the market have been presented in the study.
This helps manufacturers reduce costs of the board and simplify the circuit design, resulting in the elimination of ground loop and interferences occurring from other circuits.
Component manufacturers are focusing on designing isolated converter modules that comply with stringent medical safety standards to extend their reach in the healthcare equipment industry.
Moreover, the market has witnessed a significant shift towards battery-powered automobile, therefore, encouraging the component manufacturers to develop converter modules complementing the needs of the automotive industry.Key PlayersThe report has profiled some of the Important players prevalent in the global like – Murata Manufacturing Co., Ltd (Japan), RECOM Power GmbH (Austria), FUJITSU (Japan), ROHM Semiconductor (Japan), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), Texas Instruments Incorporated (US), ABB Ltd (Switzerland), Mitsubishi Electric Corporation (Japan), Delta Electronics, Inc. (Taiwan), Flex Ltd. (US), Advantech Co., Ltd (Taiwan), Würth Elektronik GmbH & Co. KG (Germany), Vicor Corporation (US), SynQor, Inc. (US), SUMIDA CORPORATION (Japan), OMRON Corporation (Japan), MORNSUN Guangzhou Science & Technology Co.,Ltd (China), TDK Corporation (Japan), and TAMURA Corporation (Japan).
The companies are focused on upgrading and enhancing their existing product portfolios as well as innovating products by investing in research and development by analyzing the changing market trends among othersThis report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Converter Modules.Request for Free Sample Report of “Converter Modules” Market @ https://www.marketresearchfuture.com/sample_request/8164Segmental AnalysisAs per the study conducted by MRFR, the global Converter Modules Industry has been segmented on the basis of type and application.
