Increasing adoption of electric vehicles is expected to promote potential opportunities for market growth. Prevalence of stringent regulations associated with converter modules is restraining the market growth. Growing aerospace & defense sector is spurring the market growth. Rising utilization of converter modules in IT & telecommunication industry is driving the market growth. North America, Europe, Asia-Pacific, Latin America, Middle East & Africa IT & Telecommunication, Healthcare, Transportation, Aerospace & Defense, and OthersĬompany Ranking and Market Share, Growth Factors, Total Revenue Forecast, Regional Competitive Landscape, Business Strategies, and more Ltd, RECOM Power GmbH, TDK Corporation, Vicor CorporationĭC-DC Converter Module, DC-AC Converter Module, and AC-DC Converter Module Therefore, the rising expansion of data centers is increasing the adoption of converter modules, thereby driving the growth of the market.ĭelta Electronics Inc., STMicroelectronics, Renesas Electronics Corporation, Texas Instruments Incorporated, ABB Ltd., Flex Ltd., Murata Manufacturing Co. The data center provides a broad array of cloud computing solutions ranging from network, storage to database. DC-DC converter modules are used in the data centers for direct current voltage conversion to provide stabilized voltage for powering servers and systems to support the expansion and evolution of cloud services. For instance, in March 2022, Alibaba Cloud launched third data center in Germany with the aim of facilitating the growing demand for digital transformation from customers across Europe. Additionally, the growing deployment of 5G infrastructure, increasing demand for high speed communication and cloud services, and expansion of data centers are key factors fostering the adoption of converter modules. The increasing utilization of converter modules in the IT & telecommunication sector is among the key factors driving the market growth. The benefits of converter modules including reverse polarity protection, low levels of ripple, input/output isolation high power density, and other makes it ideal for deployment in IT & telecommunication, healthcare, transportation, aerospace & defense, and other industries. 11, 2023 (GLOBE NEWSWIRE) - As per the research report “Global Converter Modules Market” published by Consegic Business Intelligence, the market was worth USD 10,366.84 Million in 2022, projected to grow by 10,774.78 Million in 2023, and is anticipated to reach over USD 17,508.34 Million by the year 2031, growing at a CAGR of 7.2 %.Ĭonverter modules are devices used for conversion of electricity from one form to another or to specific values of voltage and current of the target device. Converter Modules Market is projected to register a CAGR of 7.2% during 2023-2031, due to its increasing demand from IT & telecommunication, aerospace & defense, and automotive sectors among others, and major participants includes are RECOM Power GmbH, TDK Corporation, Vicor Corporation, Texas Instruments Incorporated, ABB Ltd., Flex Ltd.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |