Digital Power Conversion Market Growth Analysis | 2021-2026

Market Insights

The digital power conversion market was estimated at USD XX million in 2020 and is likely to grow at a CAGR of XX% during 2021-2026 to reach USD XX million in 2026.

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

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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.

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.

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

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 Analysis

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.

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Critical Questions Answered in the Report

• What are the key trends in the 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 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?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The Digital Power Conversion Market is segmented into the following categories:

By Product Type

• AC/DC
• Isolated DC/DC
• Sequencers
• DC/AC
• Power Conditioning/Active Power Filtering
• Hot-Swap

By Application Type

• Communication Infrastructure
• Enterprise & Cloud Computing
• Automotive
• Industrial

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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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

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the global market.

What Deliverables Will You Get in this Report?

Report Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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