Converter Modules Companies

The Competitive Landscape of the Converter Modules Market

The converter modules market growth is driven by the increasing demand for efficient power conversion in various end-use industries, including IT & telecommunication, healthcare, aerospace & defense, industrial, automotive, and transportation & logistics.

Key Player:

• STMicroelectronics


• Delta Electronics, Inc.


• ROHM Semiconductor


• Renesas Electronics Corporation


• Texas Instruments Incorporated


• Mitsubishi Electric Corporation


• ABB Ltd


• Flex Ltd.


• Murata Manufacturing Co., Ltd


• Advantech Co., Ltd

Strategies Adopted by Key Players:

• Product innovation: Continuously developing new converter modules with higher efficiency, smaller size, and advanced features to cater to evolving industry needs.


• Strategic partnerships: Collaborating with other companies in the power electronics ecosystem to expand product offerings and reach new markets.


• Vertical integration: Increasing in-house production capabilities to ensure quality control and cost-efficiency.


• Geographic expansion: Establishing manufacturing facilities and sales channels in emerging markets like China and India.

Factors for Market Share Analysis:

• Product portfolio: Breadth and depth of offerings across different types (DC-DC, DC-AC, AC-DC) and power ratings.


• Technological leadership: Ability to develop innovative and differentiated converter modules.


• Manufacturing capabilities: Cost-effective and efficient production processes.


• Distribution network: Reach and effectiveness of sales channels across various regions.


• Customer service and support: Prompt and reliable after-sales support for customers.


• Pricing strategy: Competitive pricing based on product features, target market, and overall cost structure.

New and Emerging Companies:

The market is witnessing the emergence of new companies like CUI Inc., NXP Semiconductors, and Power Integrations Inc., who are challenging established players by offering competitive products and focusing on niche applications. These companies often leverage their agility and lower cost structures to gain a foothold in the market.

Latest Company Updates:

STMicroelectronics:

• October 26, 2023: STMicroelectronics announced the VIPER34x/35x family of offline high-voltage converters ideal for industrial and consumer applications. These converters offer high efficiency, small size, and integrated protection features. 


• September 5, 2023: STMicroelectronics unveiled the STVBDT2 family of silicon carbide (SiC) JFET drivers for high-voltage converter applications. These drivers provide high efficiency, fast switching speed, and robust isolation. 

Delta Electronics Inc.:

• January 9, 2024: Delta Electronics announced the DPA500 series of high-density AC-DC power supplies targeting data centers and telecom applications. These power supplies offer high efficiency, wide operating temperature range, and advanced fan cooling technology.


• December 15, 2023: Delta Electronics unveiled the PMP10000 series of industrial-grade DC-DC converters designed for demanding applications such as robotics and automation. These converters offer high efficiency, wide input voltage range, and robust EMI immunity.