Converter Modules Market Research Report - Global Forecast till 2027

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 2027

ID: MRFR/SEM/6692-HCR | February 2021 | Region: Bric | 111 pages

Please note that the assessment period of report has been updated from 2017-2024 to 2020-2027. Cordially fill Sample form for updated data.

Market Synopsis


The Global Converter Modules Market size was valued at USD ~8,040 million in 2018 and is expected to reach USD ~12,990 million by the end of the forecast period with a CAGR of ~7%.


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 automobile have contributed to the growth of the global converter modules market. In addition to this, the applications 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. The 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 abilities of low power consumption, high power density, accuracy, reliability, and robustness. It also phases out ground loops, 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 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 everything (V2X) communication module, body electronics, and LED lighting has 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.


Key Developments



  • In June 2019, Vicor Corporation launched its bus converter module (BCM), the BCM4414 800V, that can operate between input voltages from 500V to 800V. the BCM is isolated by 1.6 kW, 1/16 fixed ratio and provide Safety Extra Low Voltage (SELV) output voltages with a peak efficiency of 97%.



  • In March 2019, TDK Corporation launched one of the smallest point-of-load DC-DC converters for applications in big data, AI, and 5G cells. The µPOL DC-DC converters are compact and provide the highest power density point-of-load as compared to other DC-DC converters.



  • In July 2018, MORNSUN launched an SMD DC/DC converter module, CF0505XT-1WR3, designed specifically for automotive applications. The applications of this module can be seen in the battery management system (BMS) for new energy vehicles.


Segmentation


The global converter modules market has been segmented on the basis of type, application, and region.


By type, the global converter modules market has been bifurcated into DC-DC converter module, DC-AC converter module, and AC-DC converter module.


Based on application, the global converter modules market has been segmented into IT & telecommunication, industrial, healthcare, transportation & logistics, aerospace & defense, and others.


By region, the global converter modules market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America.


Regional Analysis


The global market for converter modules is estimated to grow at a staggering rate during the forecast period from 2019 to 2025. The geographic analysis of the converter modules market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America.


As per MRFR analysis, Asia-Pacific is estimated to dominate the global converter modules market, followed by North America and Europe. The demand for converter modules in the Asia-Pacific region is attributed to the high concentration of electric component manufacturers. The major contributors to the growth of converter modules market in Asia-Pacific are China, Japan, and Taiwan. Low labor costs in these countries has favoured the production of converter modules in this region. The European region is estimated to witness a stable yet exponential growth owing to the demand for converter modules for aerospace and defence applications. However, the North American region is forecasted to witness the highest growth during the forecast period 2019–2025.


Global Converter Modules Market, USD Million
 Converter Modules Market


Source: MRFR Analysis


Competitive Landscape


The companies operating in the converter modules market are constantly striving to develop highly efficient and reliable components to stay abreast in the competition and establish a strong presence in the global market. To accomplish this, the manufacturers are focusing on diversifying the applications of their products to various industry verticals by expanding their existing product portfolios. The manufacturers also follow inorganic growth approaches such as acquisitions, partnerships, joint ventures, and collaborations to expand their geographic presence and gain a competitive advantage in the global converter modules market.


Key Players


MRFR has identified a few companies as prominent players in the global converter modules market. These include Delta Electronics, Inc. (Taiwan), ROHM Semiconductor (Japan), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), Texas Instruments Incorporated (US), ABB Ltd (Switzerland), Mitsubishi Electric Corporation (Japan), Flex Ltd. (US), Advantech Co., Ltd (Taiwan), Murata Manufacturing Co., Ltd (Japan), RECOM Power GmbH (Austria), FUJITSU (Japan), TDK Corporation (Japan), TAMURA Corporation (Japan), and Würth Elektronik GmbH & Co. KG (Germany). These companies are analyzed on the basis of their geographic presence, origin, product portfoliod, key developments, and expertise in developing converter modules. Apart from the above-mentioned players, SUMIDA CORPORATION (Japan), OMRON Corporation (Japan), Vicor Corporation (US), SynQor, Inc. (US), and MORNSUN Guangzhou Science & Technology Co.,Ltd (China) have a significant presence in the global converter modules market.


Intended Audience



  • Technology Experts

  • AC-DC/DC-DC Converter Manufacturers

  • Original Equipment Manufacturers (OEMs)

  • Military and Defense Organizations

  • Electrical Equipment Service Providers and Distributors

  • Embedded Systems Manufacturers

  • Electronic Devices Manufacturers and Service Providers

  • Power Supply Industry



Frequently Asked Questions (FAQ) :


Aerospace & defense, industrial, IT & telecommunication, transportation & logistics, healthcare, are the application segments based on which the market forecast has been made in the report.

The market can gain the highest traction in Asia Pacific during the review period.

China, Japan, and Taiwan have been identified as the major contributors to the market growth in Asia Pacific.

Soaring demand for converter modules for defense and aerospace applications are fostering the market growth in Europe.

Many of the players are trying to diversify their products’ applications across different industry verticals, with the expansion of their product portfolios. Players are also adopting inorganic approaches like partnerships, acquisitions, collaborations and joint ventures, to gain competitive edge in the market.

Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.3 Research Objectives

2.4 Markets Structure

3 Market Insights

4 Research Methodology

5 Market Dynamics

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

6 Market Factor Analysis

6.1 Porter’s Five Forces Analysis

6.1.1 Threat of New Entrants

6.1.2 Bargaining Power of Buyers

6.1.3 Threat of Substitutes

6.1.4 Bargaining Power of Suppliers

6.1.5 Intensity of Rivalry

6.2 Value Chain/Supply Chain of Global Converter Modules Market

7 Global Converter Modules Market, by Type

7.1 Introduction

7.2 DC-DC Converter Module

7.2.1 Market Estimates & Forecast, 2020–2027

7.3 DC-AC Converter Module

7.3.1 Market Estimates & Forecast, 2020–2027

7.4 AC-DC Converter Module

7.4.1 Market Estimates & Forecast, 2020–2027

8 Global Converter Modules Market, by Application

8.1 Introduction

8.2 IT & Telecommunication

8.2.1 Market Estimates & Forecast, 2020–2027

8.3 Industrial

8.3.1 Market Estimates & Forecast, 2020–2027

8.4 Healthcare

8.4.1 Market Estimates & Forecast, 2020–2027

8.5 Transportation & Logistics

8.5.1 Market Estimates & Forecast, 2020–2027

8.6 Aerospace & Defense

8.6.1 Market Estimates & Forecast, 2020–2027

8.7 Others

8.7.1 Market Estimates & Forecast, 2020–2027

9 Global Converter Modules Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, by Country, 2020–2027

9.2.2 Market Estimates & Forecast, by Type, 2020–2027

9.2.3 Market Estimates & Forecast, by Application, 2020–2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, by Type, 2020–2027

9.2.4.2 Market Estimates & Forecast, by Application, 2020–2027

9.2.5 Mexico

9.2.5.1 Market Estimates & Forecast, by Type, 2020–2027

9.2.5.2 Market Estimates & Forecast, by Application, 2020–2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, by Type, 2020–2027

9.2.6.2 Market Estimates & Forecast, by Application, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, by Country, 2020–2027

9.3.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, by Type, 2020–2027

9.3.4.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.5 France

9.3.5.1 Market Estimates & Forecast, by Type, 2020–2027

9.3.5.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.6 Spain

9.3.6.1 Market Estimates & Forecast, by Type, 2020–2027

9.3.6.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.7 UK

9.3.7.1 Market Estimates & Forecast, by Type, 2020–2027

9.3.7.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.8 Italy

9.3.8.1 Market Estimates & Forecast, by Type, 2020–2027

9.3.8.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.9 Rest of Europe

9.3.9.1 Market Estimates & Forecast, by Type, 2020–2027

9.3.9.2 Market Estimates & Forecast, by Application, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, by Country, 2020–2027

9.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, by Type, 2020–2027

9.4.4.2 Market Estimates & Forecast, by Application, 2020–2027

9.4.5 India

9.4.5.1 Market Estimates & Forecast, by Type, 2020–2027

9.4.5.2 Market Estimates & Forecast, by Application, 2020–2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, by Type, 2020–2027

9.4.6.2 Market Estimates & Forecast, by Application, 2020–2027

9.4.7 South Korea

9.4.7.1 Market Estimates & Forecast, by Type, 2020–2027

9.4.7.2 Market Estimates & Forecast, by Application, 2020–2027

9.4.8 Australia

9.4.8.1 Market Estimates & Forecast, by Type, 2020–2027

9.4.8.2 Market Estimates & Forecast, by Application, 2020–2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, by Type, 2020–2027

9.4.9.2 Market Estimates & Forecast, by Application, 2020–2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, by Country, 2020–2027

9.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.4 UAE

9.5.4.1 Market Estimates & Forecast, by Type, 2020–2027

9.5.4.2 Market Estimates & Forecast, by Application, 2020–2027

9.5.5 Saudi Arabia

9.5.5.1 Market Estimates & Forecast, by Type, 2020–2027

9.5.5.2 Market Estimates & Forecast, by Application, 2020–2027

9.5.6 Rest of Middle East & Africa

9.5.6.1 Market Estimates & Forecast, by Type, 2020–2027

9.5.6.2 Market Estimates & Forecast, by Output Power, 2020–2027

9.5.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.6 Central & South America

9.6.1 Market Estimates & Forecast, by Country, 2020–2027

9.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, by Type, 2020–2027

9.6.4.2 Market Estimates & Forecast, by Application, 2020–2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, by Type, 2020–2027

9.6.5.2 Market Estimates & Forecast, by Application, 2020–2027

9.6.6 Rest of Central & South America

9.6.6.1 Market Estimates & Forecast, by Type, 2020–2027

9.6.6.2 Market Estimates & Forecast, by Application, 2020–2027

10 Competitive Landscape

11 Company Profiles

11.1 Delta Electronics, Inc.

11.1.1 Company Overview

11.1.2 Product/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.1.6 Key Strategies

11.2 ROHM Semiconductor

11.2.1 Company Overview

11.2.2 Product/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.2.6 Key Strategies

11.3 STMicroelectronics

11.3.1 Company Overview

11.3.2 Product/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.3.5 SWOT Analysis

11.3.6 Key Strategies

11.4 Renesas Electronics Corporation

11.4.1 Company Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.4.5 SWOT Analysis

11.4.6 Key Strategies

11.5 Texas Instruments Incorporated

11.5.1 Company Overview

11.5.2 Product/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.5.6 Key Strategies

11.6 ABB Ltd

11.6.1 Company Overview

11.6.2 Product/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.6.6 Key Strategies

11.7 Mitsubishi Electric Corporation

11.7.1 Company Overview

11.7.2 Product/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.7.6 Key Strategies

11.8 Flex Ltd

11.8.1 Company Overview

11.8.2 Product/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.8.6 Key Strategies

11.9 Advantech Co., Ltd

11.9.1 Company Overview

11.9.2 Product/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.9.6 Key Strategies

11.10 Murata Manufacturing Co., Ltd

11.10.1 Company Overview

11.10.2 Product/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

11.10.5 SWOT Analysis

11.10.6 Key Strategies

11.11 RECOM Power GmbH

11.11.1 Company Overview

11.11.2 Product/Business Segment Overview

11.11.3 Financial Updates

11.11.4 Key Developments

11.11.5 SWOT Analysis

11.11.6 Key Strategies

11.12 FUJITSU

11.12.1 Company Overview

11.12.2 Product/Business Segment Overview

11.12.3 Financial Updates

11.12.4 Key Developments

11.12.5 SWOT Analysis

11.12.6 Key Strategies

11.13 TDK Corporation

11.13.1 Company Overview

11.13.2 Product/Business Segment Overview

11.13.3 Financial Updates

11.13.4 Key Developments

11.13.5 SWOT Analysis

11.13.6 Key Strategies

11.14 TAMURA Corporation

11.14.1 Company Overview

11.14.2 Product/Business Segment Overview

11.14.3 Financial Updates

11.14.4 Key Developments

11.14.5 SWOT Analysis

11.14.6 Key Strategies

11.15 Vicor Corporation

11.15.1 Company Overview

11.15.2 Product/Business Segment Overview

11.15.3 Financial Updates

11.15.4 Key Developments

11.15.5 SWOT Analysis

11.15.6 Key Strategies

12 Conclusion


LIST OF TABLES

Table 1 Global Converter Modules Market, by Type, 2020–2027

Table 2 Global Converter Modules Market, by Application, 2020–2027

Table 3 Global Converter Modules Market, by Region, 2020–2027

Table 4 North America: Converter Modules Market, by Country, 2020–2027

Table 5 North America: Converter Modules, Market, by Type, 2020–2027

Table 6 North America: Converter Modules Market, by Application, 2020–2027

Table 7 US: Converter Modules, Market, by Type, 2020–2027

Table 8 US: Converter Modules Market, by Application, 2020–2027

Table 9 Canada: Converter Modules, Market, by Type, 2020–2027

Table 10 Canada: Converter Modules Market, by Application, 2020–2027

Table 11 Mexico: Converter Modules, Market, by Type, 2020–2027

Table 12 Mexico: Converter Modules Market, by Application, 2020–2027

Table 13 Europe: Converter Modules Market, by Country, 2020–2027

Table 14 Europe: Converter Modules Market, by Type, 2020–2027

Table 15 Europe: Converter Modules Market, by Application, 2020–2027

Table 16 Germany: Converter Modules Market, by Type, 2020–2027

Table 17 Germany: Converter Modules Market, by Application, 2020–2027

Table 18 France: Converter Modules Market, by Type, 2020–2027

Table 19 France: Converter Modules Market, by Application, 2020–2027

Table 20 Spain: Converter Modules Market, by Type, 2020–2027

Table 21 Spain: Converter Modules Market, by Application, 2020–2027

Table 22 UK: Converter Modules Market, by Type, 2020–2027

Table 23 UK: Converter Modules Market, by Application, 2020–2027

Table 24 Italy: Converter Modules Market, by Type, 2020–2027

Table 25 Italy: Converter Modules Market, by Application, 2020–2027

Table 26 Rest of Europe: Converter Modules Market, by Type, 2020–2027

Table 27 Rest of Europe: Converter Modules Market, by Application, 2020–2027

Table 28 Asia-Pacific: Converter Modules Market, by Country, 2020–2027

Table 29 Asia-Pacific: Converter Modules Market, by Type, 2020–2027

Table 30 Asia-Pacific: Converter Modules Market, by Application, 2020–2027

Table 31 China: Converter Modules Market, by Type, 2020–2027

Table 32 China: Converter Modules Market, by Application, 2020–2027

Table 33 Japan: Converter Modules Market, by Type, 2020–2027

Table 34 Japan: Converter Modules Market, by Application, 2020–2027

Table 35 India: Converter Modules Market, by Type, 2020–2027

Table 36 India: Converter Modules Market, by Application, 2020–2027

Table 37 South Korea: Converter Modules Market, by Type, 2020–2027

Table 38 South Korea: Converter Modules Market, by Application, 2020–2027

Table 39 Australia: Converter Modules Market, by Type, 2020–2027

Table 40 Australia: Converter Modules Market, by Application, 2020–2027

Table 41 Rest of Asia-Pacific: Converter Modules Market, by Type, 2020–2027

Table 42 Rest of Asia-Pacific: Converter Modules Market, by Application, 2020–2027

Table 43 Middle East & Africa: Converter Modules Market, by Country, 2020–2027

Table 44 Middle East & Africa: Converter Modules Market, by Type, 2020–2027

Table 45 Middle East & Africa: Converter Modules Market, by Application, 2020–2027

Table 46 UAE: Converter Modules Market, by Type, 2020–2027

Table 47 UAE: Converter Modules Market, by Application, 2020–2027

Table 48 Saudi Arabia: Converter Modules Market, by Type, 2020–2027

Table 49 Saudi Arabia: Converter Modules Market, by Application, 2020–2027

Table 50 Rest of Middle East & Africa: Converter Modules Market, by Type, 2020–2027

Table 51 Rest of Middle East & Africa: Converter Modules Market, by Application, 2020–2027

Table 52 Central & South America: Converter Modules Market, by Country, 2020–2027

Table 53 Central & South America: Converter Modules Market, by Type, 2020–2027

Table 54 Central & South America: Converter Modules Market, by Application, 2020–2027

Table 55 Brazil: Converter Modules Market, by Type, 2020–2027

Table 56 Brazil: Converter Modules Market, by Application, 2020–2027

Table 57 Argentina: Converter Modules Market, by Type, 2020–2027

Table 58 Argentina: Converter Modules Market, by Application, 2020–2027

Table 59 Rest of Central & South America: Converter Modules Market, by Type, 2020–2027

Table 60 Rest of Central & South America: Converter Modules Market, by Application, 2020–2027


LIST OF FIGURES

FIGURE 1 Global Converter Modules Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of the Global Converter Modules Market

FIGURE 4 Value Chain of the Global Converter Modules Market

FIGURE 5 Share of the Global Converter Modules Market in 2020, by Country (in %)

FIGURE 6 Global Converter Modules Market, 2020–2027

FIGURE 7 Sub-Segments of Type

FIGURE 8 Global Converter Modules Market Size, by Type, 2020

FIGURE 9 Share of the Global Converter Modules Market, by Type, 2020 to 2027

FIGURE 10 Sub-Segments of Application

FIGURE 11 Global Converter Modules Market Size, by Application, 2020

FIGURE 12 Share of the Global Converter Modules Market, by Application, 2020 to 2027