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    Digital Power Conversion Market Report

    Digital Power Conversion Market Report
    Report code - SR1256 Delivery - 2 Weeks
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    Digital Power Conversion Market Trends, Dynamics & Market Insights
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    Impact of COVID-19 on Digital Power Conversion Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Digital Power Conversion Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Digital Power Conversion Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of xx% during the forecast period.

    Figure: Digital Power Conversion Market Size, 2020-2026 (USD Million)

    Digital-Power-Conversion-Market-Forecast

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    What is digital power conversion?

    Digital power is that the energy conversion system under which digital control techniques are useful to varied power management applications. the employment of digital power conversion is rising to make sure the acceptable running of the digital processes throughout industrial and residential sectors. The digital power conversion system is a sophisticated digital control method that's helpful in various power con-trol applications.

    Key Players

    Key players operating in the digital power conversion market are-

    • Cirrus Logic Inc. (US)
    • Cosel Co. Ltd. (Japan)
    • Ericsson AB (Sweden)
    • GE Power Conversion (US)
    • Microchip Technology Inc. (US)
    • Infineon Technologies AG (Germany)
    • ROHM Semiconductor (Japan)
    • STMicroelectronics N.V. (Switzerland)
    • Texas Instruments Incorporated (US)
    • TDK Corporation (Japan).

    Market Dynamics

    Rising product demand from communication infrastructure is a key market growth driver. Also, the use of efficient digital power converter in the automotive sector, where DC to AC converters is widely used to charge the batteries of vehicles, further augmenting the product demand. Moreover, expanding utilization of digital power conversion across various verticals, ideal government approaches increasing demand for digital power conversion in downstream business sectors and expanding utilization of wireless framework bolsters the industry growth in the coming years.

    Segment's Analysis

    Application Trends

    Based on application, the digital power conversion market is classified into communication infrastructure, enterprise & cloud computing, automotive, and industrial. The automotive segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. Digital power conversion product applications are on the rise in the automotive sector. Production of power trains and the advent of automatic & self-driving cars is increasing with advanced technologies, due to which, demand for digital power conversion products is expected to rise, which bolsters the segment growth. 

    Regional Trends

    By region, the Asia Pacific market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly attributed to growing investments in digitalization by governments in these countries, which have led numerous companies to intensify their businesses. Moreover, there are high manufacturing activities in India, which focuses more on local manufacturing rather than importing products from other countries, which further proliferates the regional market growth.

    COVID-19 Impact on Digital Power Conversion Market

    The COVID-19 outbreak has moderately affected the digital power conversion industry. The pandemic has turned the lives of people worldwide, with the number of cases increasing rapidly. The pandemic affected the communication infrastructure, enterprise & cloud computing, automotive, and industrial sectors due to limited workforce and supply chain disruptions, thus affecting the market growth.

    Critical Questions Answered in the Report

    • What are the key trends in the digital power conversion market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the digital power conversion market?
    • What are the key strategies adopted by the major vendors to lead in the digital power conversion market?
    • What is the market share of the top vendors?

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    Target Audience

    Here is the list of the group of customers that the digital power conversion market hopes to have the greatest opportunity to convert-

    • Digital power conversion vendors
    • Digital power conversion retailers
    • Communication companies
    • Automobile companie

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Cirrus Logic Inc. (US), Cosel Co. Ltd. (Japan), Ericsson AB (Sweden), GE Power Conversion (US), Microchip Technology Inc. (US), Infineon Technologies AG (Germany), ROHM Semiconductor (Japan), STMicroelectronics N.V. (Switzerland), Texas Instruments Incorporated (US), and TDK Corporation (Japan) are among the key players in the digital power conversion market.

    Rising product demand from communication infrastructure, use of efficient digital power converter in the automotive sector are the factors driving the growth of digital power conversion market.

    The automotive segment is expected to register healthy CAGR in the digital power conversion market in the coming years.

    Asia-pacific is expected to grow at a substantial CAGR in the digital power conversion market during the forecast period.

    Digital power conversion vendors, Digital power conversion retailers, Communication companies, Automobile companies are the target audience in the digital power conversion market.

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