[270 Pages Report] The digital power conversion market size is expected to grow from US$ 17,606 Million in 2022 to US$ 38,340 Million by 2029. The digital power conversion market is anticipated to grow at a CAGR of 11.8% during 2022 to 29.
| Attributes | Details |
|---|---|
| 2022 Market Value | US$ 17,606 Million |
| 2029 Market Value | US$ 38,340 Million |
| CAGR% (2022 to 2029) | 11.8% |
| Share of Top 5 Market Players | 25% |
Digital power conversion market accounted for around 50% of power conversion market. This market growth attributes to increasing adoption of AC/DC power conversion, isolated power conversion, DC/DC power conversion, sequencers, DC/AC power conversion, power conditioning, active power filtering, and hot swap across various digital power system for industrial, communication, computing, and automotive electronics.
Increasing use of power system design and stringent government regulation on power supply across the globe is anticipated to be one of the dynamic growth factor of digital power conversion market.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 18.3% |
| H1,2022 Projected (P) | 17.9% |
| H1,2022 Outlook (O) | 16.5% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (-)140 ↓ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (-)180 ↓ |
Data centres are using an increasing amount of electricity. Businesses must continue to manage power conversion and on-demand power use in order to lower the total cost of ownership. To increase degrees of integration and the ability to dynamically modify settings and maximize efficiency under various loads in the data centre, digital power conversion systems are needed.
According to FMI analysis, the variation between the BPS values observed in the digital power conversion market in H1, 2022 – Outlook (O) over H1, 2022 Projected (P) reflects a decline of 140 units. The COVID -19 pandemic causes an energy crisis and supply chain disruption.
The various governments around the world shift their priorities to the energy security of their nations. Which poorly affects the government laws and activities for power management, and smart energy solution adoption.
In addition, compared to H1, 2022 (O) over H1, 2021 Actual (A) also reflects a decline of 160 units. Because there is a decline in the consumption of consumer electronics and automotive where digital power conversion products are highly used, however this decline is temporary. After the recovery from the pandemic, the rising 5G network increased use of digital power conversion in the telecommunication industry.
The global digital power conversion market valued at US$ 8,339 Mn in 2014. The demand for digital power conversion to rise at the rate of CAGR of 9.6% during the period 2014-2021. Expansion in North America is supported by higher growth of energy and power sector and growth in economies like US and Canada in the region. Communication infrastructure segment is set to register highest market share of 31.1% in 2022.
Digital power conversion is energy conversion system that helps to convert from digital current to analog current or analog current to digital current. The digital power conversion system is simply digital control method that is used in various power control applications and communication infrastructures for power management.
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The demand for digital power conversion market is expected to show significant growth in coming years. This attributes to various factors such as rising growth in consumer electronics, and rising adoption of advanced power control solutions. Digital power converters are majorly used in power electronics applications such as light dimmer, fan regulator, induction cooking, air-conditioning, personal computers, emergency lights, UPS (uninterrupted power system), vacuum cleaners, and battery charges.
Thus, rising demand for the consumer electronics ultimately fuels the demand for the digital power converters. Digital power converters also majorly used in automotive sector in subways, trolley, hybrid electric vehicles, fork-lifts, and many more. In modern cars, digital power converters used in ignition switch, adaptive front lighting, windshield wiper control, electric power steering, and interior lighting. Thus, such factors are expected to propel the market growth of digital power conversion market in coming years.
Currently, the U.S. market anticipate for the largest consumption of digital power conversion in North America region, and is expected to grow at 7.5% CAGR during 2022-29. The U.S. digital power conversion product sales is expected reach 1.7X by 2029.
U.S. market witness higher growth in digital power conversion market. This attributes to factors such as government regulations & initiatives for power management, adoption of smart energy solutions and rising disposable income of American people. The U.S. witness key market digital power conversion vendors such as Cirrus Logic Inc., Microchip Technology Inc., Texas Instruments, Vertiv Co. and others. Therefore, presence of such key player in the country is set to drive the demand for the U.S. digital power conversion market.
China is set to register exponential growth in the global digital power conversion sales with a CAGR of 14.1% during 2022-29. China market is anticipated to create an absolute dollar opportunity of US$ 1,977 Mn during 2022-29.
The factors such as increasing investment in digitization by Chinese government and high manufacturing activities in the country is set to drive the growth of telecommunication and infrastructure industries. Thus increasing growth in telecommunication and infrastructure industries ultimately fuels the demand for digital power conversion market in the region. China witness significant growth in automotive and industrial sector in recent years. It is expected to drive the demand for the digital power conversion market in China.
The Germany market is set to report for largest market share in European digital power conversion market, and the market size is expected reach 1.6X by 2029. Germany market is anticipated to create an absolute dollar opportunity of US$ 465 Mn during 2022-29.
Germany has one of the world's most developed communication and transportation infrastructures. Germany shows significant growth in consumer electronics, automotive industry and adoption of enterprise & cloud computing technology across various sectors. For instance, in December 2021, German government planned to invest 60-Bn-Euro in 'future' fund. These investment triggers automotive industry and expected to put 15 Mn electric cars on the road by 2030. The new funds also used in digitization of Germany economy. Thus rising investment by government across such industries is set to propel the demand for the digital power conversion market.
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AC/DC digital power conversion segment will dominate the product segment, and expected to reach 1.7X by 2029. Moreover, DC/AC digital power conversion segment is set to witness highest growth rate of 15.6% CAGR during 2022-29.
The AC/DC power converters are mostly used in all electronics and electrical devices. It can be used for power supply circuits for household applications such as washing machines, vacuum cleaners, electric rice cookers, refrigerators, and others. It is also used in medical equipment, process control systems, building automation, and others. Therefore, rising demand of power management in various electronic appliances shows significant growth of AC/DC power conversion segment in digital power conversion market in recent years.
On the basis of application, communication infrastructure segment will be a dominating segment. The market size of communication infrastructure segment is expected to expand up to 1.9X of by 2029. Moreover, automotive segment is set to register the highest growth at the rate of CAGR 14.4% during 2022-29.
AC/DC power conversion, isolated DC/DC power conversion, sequencers, DC/AC power conversion and others are used in servers and telecom infrastructures for the purpose of increasing system efficiency and to improve power factor. Thus rising adoption digital power conversion solutions in factory automation, signage displays & telecommunication, automation, and other application is set to spur the demand for the communication infrastructure segment in digital power conversion market.
Many key digital power converter manufacturers are inclined at investing heavily in power conversion product innovations to uncover increased applications of digital power conversion. With the use of technology, vendors also try to accelerate its business transformation and growth objectives by increasing its partner base.
| Attributes | Details |
|---|---|
| Market value in 2021 | US$ 15,829 Million |
| Market CAGR 2014 to 2021 | 9.6% |
| Share of top 5 players | Around 25% |
| Forecast Period | 2022 to 2029 |
| Historical Data Available for | 2014 to 2021 |
| Market Analysis | USD Million for Value |
| Key regions covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; and Middle East and Africa |
| Key countries covered | USA, Canada, Germany, UK, France, Italy, Spain, Russia, Poland, China, Japan, South Korea, India, Australia and New Zealand, GCC countries, Turkey, Northern Africa, and South Africa |
| Key market segments covered | Product, Application, Region |
| Key companies profiled | Texas Instruments Inc.; NXP Semiconductor Inc.; Vertiv Co.; Ericsson Power Modules AB; General Electric Power; Infineon Technologies A.G.; Microchip Technology Inc.; TDK Corporation; Cosel CO. Ltd.; Cirrus Logic Inc. |
| Report coverage | Market forecast, company share analysis, competition intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives |
| Customization & pricing | Available upon request |
Rising demand for advanced power control systems is the key factor driving the market growth.
AC/DC power conversion segment may dominate in the product type category.
China may witness significant growth due to a surge in the telecommunication sector.
North America is set to report significant growth in the coming years.
1. Executive Summary
1.1. Global Market Outlook
1.2. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
4. Global Digital Power Conversion Market Demand Analysis 2014-2021 and Forecast, 2022-2029
4.1. Historical Market Size (US$ Mn) Analysis, 2014-2021
4.2. Current and Future Market Size (US$ Mn) Projections, 2022-2029
4.3. Y-o-Y Growth Trend Analysis
4.4. Market Snapshot
5. Market Background
5.1. Macro-Economic Factors
5.2. Value Chain Analysis
5.3. Market Dynamics
5.3.1. Drivers
5.3.2. Restraints
5.3.3. Opportunity Analysis
6. Global Digital Power Conversion Market Analysis 2014-2021 and Forecast 2022-2029, by Product Type
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Mn) Analysis By Product Type, 2014 - 2021
6.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product Type, 2022 - 2022
6.3.1. AC/DC Power Conversion
6.3.2. Isolated DC/DC Power Conversion
6.3.3. Sequencers
6.3.4. DC/AC Power Conversion
6.3.5. Power Conditioning/Active Power Filtering
6.3.6. Hot Swap
6.4. Market Attractiveness Analysis By Product Type
7. Global Digital Power Conversion Market Analysis 2014-2021 and Forecast 2022-2029, by Application
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) Analysis By Application, 2014 - 2021
7.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2022 - 2022
7.3.1. Communication Infrastructure
7.3.2. Enterprise & Cloud Computing
7.3.3. Automotive
7.3.4. Industrial
7.4. Market Attractiveness Analysis By Application
8. Global Digital Power Conversion Market Analysis 2014-2021 and Forecast 2022-2029, by Region
8.1. Introduction
8.2. Historical Market Size (US$ Mn) Analysis By Region, 2014 - 2021
8.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2022 - 2022
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. Asia Pacific Excluding Japan
8.3.6. Japan
8.3.7. Middle East & Africa
8.4. Market Attractiveness Analysis By Region
9. North America Digital Power Conversion Market Analysis 2014-2021 and Forecast 2022-2029
9.1. Introduction
9.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2021
9.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029
9.3.1. By Country
9.3.1.1. U.S.
9.3.1.2. Canada
9.3.2. By Product Type
9.3.3. By Application
9.4. Market Attractiveness Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
10. Latin America Digital Power Conversion Market Analysis 2014-2021 and Forecast 2022-2029
10.1. Introduction
10.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2021
10.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029
10.3.1. By Country
10.3.1.1. Brazil
10.3.1.2. Mexico
10.3.1.3. Rest of Latin America
10.3.2. By Product Type
10.3.3. By Application
10.4. Market Attractiveness Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
11. Western Europe Digital Power Conversion Market Analysis 2014-2021 and Forecast 2022-2029
11.1. Introduction
11.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2021
11.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029
11.3.1. By Country
11.3.1.1. Germany
11.3.1.2. France
11.3.1.3. Italy
11.3.1.4. U.K.
11.3.1.5. Spain
11.3.1.6. BENELUX
11.3.1.7. Rest of Western Europe
11.3.2. By Product Type
11.3.3. By Application
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Product Type
11.4.3. By Application
12. Eastern Europe Digital Power Conversion Market Analysis 2014-2021 and Forecast 2022-2029
12.1. Introduction
12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2021
12.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029
12.3.1. By Country
12.3.1.1. Russia
12.3.1.2. Poland
12.3.1.3. Rest of Eastern Europe
12.3.2. By Product Type
12.3.3. By Application
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Product Type
12.4.3. By Application
13. Asia Pacific Excluding Japan Digital Power Conversion Market Analysis 2014-2021 and Forecast 2022-2029
13.1. Introduction
13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2021
13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029
13.3.1. By Country
13.3.1.1. China
13.3.1.2. India
13.3.1.3. ASEAN
13.3.1.4. Australia & New Zealand
13.3.1.5. Rest of Asia Pacific Excluding Japan
13.3.2. By Product Type
13.3.3. By Application
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Product Type
13.4.3. By Application
14. Japan Digital Power Conversion Market Analysis 2014-2021 and Forecast 2022-2029
14.1. Introduction
14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2021
14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029
14.3.1. By Product Type
14.3.2. By Application
14.4. Market Attractiveness Analysis
14.4.1. By Product Type
14.4.2. By Application
15. Middle East and Africa Digital Power Conversion Market Analysis 2014-2021 and Forecast 2022-2029
15.1. Introduction
15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2021
15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029
15.3.1. By Country
15.3.1.1. GCC Countries
15.3.1.2. Turkey
15.3.1.3. Northern Africa
15.3.1.4. South Africa
15.3.1.5. Rest of Middle East and Africa
15.3.2. By Product Type
15.3.3. By Application
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Product Type
15.4.3. By Application
16. Market Structure Analysis
16.1. Market Analysis by Tier of Companies
16.2. Market Concentration
16.3. Market Share Analysis of Top Players
17. Competition Analysis
17.1. Competition Dashboard
17.2. Competition Deep Dive
17.2.1. Medtronic
17.2.1.1. Overview
17.2.1.2. Product Portfolio
17.2.1.3. Profitability by Market Segments (Product/Channel/Region)
17.2.1.4. Sales Footprint
17.2.1.5. Strategy Overview
17.2.1.5.1. Marketing Strategy
17.2.1.5.2. Product Strategy
17.2.1.5.3. Channel Strategy
17.2.2. NXP Semiconductor, Inc.
17.2.2.1. Overview
17.2.2.2. Product Portfolio
17.2.2.3. Profitability by Market Segments (Product/Channel/Region)
17.2.2.4. Sales Footprint
17.2.2.5. Strategy Overview
17.2.2.5.1. Marketing Strategy
17.2.2.5.2. Product Strategy
17.2.2.5.3. Channel Strategy
17.2.3. Vertiv Co.
17.2.3.1. Overview
17.2.3.2. Product Portfolio
17.2.3.3. Profitability by Market Segments (Product/Channel/Region)
17.2.3.4. Sales Footprint
17.2.3.5. Strategy Overview
17.2.3.5.1. Marketing Strategy
17.2.3.5.2. Product Strategy
17.2.3.5.3. Channel Strategy
17.2.4. Ericsson Power Modules AB
17.2.4.1. Overview
17.2.4.2. Product Portfolio
17.2.4.3. Profitability by Market Segments (Product/Channel/Region)
17.2.4.4. Sales Footprint
17.2.4.5. Strategy Overview
17.2.4.5.1. Marketing Strategy
17.2.4.5.2. Product Strategy
17.2.4.5.3. Channel Strategy
17.2.5. General Electric Power
17.2.5.1. Overview
17.2.5.2. Product Portfolio
17.2.5.3. Profitability by Market Segments (Product/Channel/Region)
17.2.5.4. Sales Footprint
17.2.5.5. Strategy Overview
17.2.5.5.1. Marketing Strategy
17.2.5.5.2. Product Strategy
17.2.5.5.3. Channel Strategy
17.2.6. Infineon Technologies A.G.
17.2.6.1. Overview
17.2.6.2. Product Portfolio
17.2.6.3. Profitability by Market Segments (Product/Channel/Region)
17.2.6.4. Sales Footprint
17.2.6.5. Strategy Overview
17.2.6.5.1. Marketing Strategy
17.2.6.5.2. Product Strategy
17.2.6.5.3. Channel Strategy
17.2.7. Microchip Technology Inc.
17.2.7.1. Overview
17.2.7.2. Product Portfolio
17.2.7.3. Profitability by Market Segments (Product/Channel/Region)
17.2.7.4. Sales Footprint
17.2.7.5. Strategy Overview
17.2.7.5.1. Marketing Strategy
17.2.7.5.2. Product Strategy
17.2.7.5.3. Channel Strategy
17.2.8. TDK Corporation
17.2.8.1. Overview
17.2.8.2. Product Portfolio
17.2.8.3. Profitability by Market Segments (Product/Channel/Region)
17.2.8.4. Sales Footprint
17.2.8.5. Strategy Overview
17.2.8.5.1. Marketing Strategy
17.2.8.5.2. Product Strategy
17.2.8.5.3. Channel Strategy
17.2.9. Cosel CO. Ltd.
17.2.9.1. Overview
17.2.9.2. Product Portfolio
17.2.9.3. Profitability by Market Segments (Product/Channel/Region)
17.2.9.4. Sales Footprint
17.2.9.5. Strategy Overview
17.2.9.5.1. Marketing Strategy
17.2.9.5.2. Product Strategy
17.2.9.5.3. Channel Strategy
17.2.10. Cirrus Logic Inc.
17.2.10.1. Overview
17.2.10.2. Product Portfolio
17.2.10.3. Profitability by Market Segments (Product/Channel/Region)
17.2.10.4. Sales Footprint
17.2.10.5. Strategy Overview
17.2.10.5.1. Marketing Strategy
17.2.10.5.2. Product Strategy
17.2.10.5.3. Channel Strategy
18. Assumptions and Acronyms Used
19. Research Methodology
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Digital Power Conversion Market
