Converter Modules Market Key Leaders, Emerging Technology, future 2027

 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.

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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.

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.

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%.

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