Converter Modules Market Research Report 2024

Converter Modules Market Segment Analysis:

The converter Modules market is segmented on the basis of Type, Form Factor, Input Voltage, Output Voltage, Output Number, And Application.

By Type, DC-DC converter module Segment Is Expected to Dominate the Market During the Forecast Period

• The market for converter modules includes a range of power conversion technologies that cater to various applications in multiple industries. Of these, the DC-DC converter module segment is projected to maintain a leading position. This control can be attributed to a variety of factors, such as flexibility, effectiveness, and the increasing need from different sectors. Here is an in-depth analysis of why DC-DC converter modules are expected to dominate the market.
• DC-DC converter modules are devices that are specifically created to convert DC power from one voltage level to another. They play a critical role in systems with different voltage levels for power sources and loads, enabling electronic devices and systems to operate safely and effectively.
• DC-DC converter modules find usage in various applications, including portable electronic devices, telecommunications, automotive, and industrial systems. Their widespread demand is a result of their capability to function efficiently across different environments and power levels. These modules are famous for their high efficiency, frequently exceeding 90%, and reliability, which is crucial for critical missions. High efficiency minimizes power loss and waste, while reliability guarantees consistent performance in various operational conditions.
• Ongoing progress in semiconductor technologies has resulted in the creation of smaller, more effective, and stronger DC-DC converter modules. This progress enables modules that are smaller, lighter, and more capable, appealing to a wider range of customers.
• Efficient power conversion and management are necessary for the growing use of renewable energy sources like solar panels and wind turbines. DC-DC converter modules are crucial in maximizing power output and guaranteeing grid compatibility. The increasing preference for electric vehicles has greatly increased the need for advanced power conversion technologies. Hence, in this way

By Application, IT & Telecommunication Segment Held the Largest Share In 2023

• The converter modules market has experienced notable growth due to the rising demand for dependable, efficient, and high-performing power management solutions from the IT and telecommunication industries. Specialized converter modules are essential for maintaining the continuous function of data centers, telecommunication networks, and various IT systems. Here's a more detailed look at how the IT & Telecommunication sector dominates the converter modules market in terms of market share
• Converter Modules are used in IT & telecommunications, Data centers and cloud computing services need a reliable and uninterrupted power source for servers, storage systems, and networking devices. Converter modules are essential for overseeing power distribution in these settings, guaranteeing superior efficiency and dependability.
• Telecommunications networks, such as mobile networks, broadband infrastructure, and satellite communications, require power conversion solutions that can function in different conditions and uphold high levels of service. Converter modules are essential in such situations, offering the required power conversion for equipment used indoors and outdoors.
• Power management solutions for network equipment, like routers, switches, and servers, must be able to cope with substantial power needs and ensure continued functionality when faced with power fluctuations. Converter modules are created to fulfill these needs, providing strong power conversion capabilities.
• In the IT & Telecommunication industry, power efficiency is crucial in lowering operational expenses and environmental footprint. Converter modules are designed to reduce energy waste, leading to cost savings and supporting sustainability objectives. Reliability is crucial for mission-critical applications in IT and telecommunication.
• Converter modules are equipped with backup systems and safety measures to guarantee system functionality in unfavorable circumstances. Data centers and telecommunications equipment frequently function within the same environment.

Converter Modules Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• The Asia Pacific region will lead the global converter modules market due to strong economic growth, advancements in technology, and rising industrial activity. Economic growth is thriving in Asia Pacific, with notable progress seen in nations like China, India, Japan, and South Korea. These economies have strong manufacturing sectors that depend heavily on converter modules for their operations. The large manufacturing industry in the region, which includes electronics, automotive, and heavy industries, creates a high demand for power conversion solutions.
• Asia Pacific serves as a center for state-of-the-art technology and innovation. Countries such as South Korea, Japan, and Taiwan are at the forefront of technology, boasting a large number of companies dedicated to the advancement of converter modules. These nations prioritize significant investments in research and development (R&D) to develop powerful and efficient power conversion solutions, leading to a competitive advantage in the market.
• The Telecommunications and information technology sectors in the area are undergoing fast progress. The increase in data centers, 5G networks, and cloud computing services results in a significant need for dependable and effective power management. Converter modules play a vital role in controlling power supply in these essential sectors, thus helping to maintain the region's market superiority.
• Countries in the Asia Pacific region is making notable progress in the implementation of renewable energy sources. The move towards renewable energy sources, like solar and wind, requires the use of converter modules for converting power and connecting to the grid. This trend helps the region maintain its leadership in the market by increasing the need for advanced power conversion technologies. Hence, in this way, Asia Pacific is Expected to Dominate the Converter Modules Market.

Converter Modules Market Active Players

• ABB (Switzerland)
• Advanced Energy Industries (USA)
• Delta Electronics (Taiwan)
• Eaton (USA)
• GE Power Conversion (USA)
• Huawei Technologies (China)
• Infineon Technologies (Germany)
• Mitsubishi Electric (Japan)
• NXP Semiconductors (Netherlands)
• On Semiconductor (USA)
• Renesas Electronics (Japan)
• Rohm Semiconductor (Japan)
• Schneider Electric (France)
• Siemens (Germany)
• Stmicroelectronics (Switzerland)
• Texas Instruments (USA)
• Toshiba Electronic Devices & Storage Corporation (Japan)
• Vicor Corporation (USA)
• XP Power (Singapore)
• Murata Manufacturing (Japan)
• Cosel (Japan)
• TDK Corporation (Japan)
• Artesyn Embedded Power (USA)
• Bel Power Solutions (USA)
• Flex Power Modules (Sweden), Other Active Players

Key Industry Developments in the Converter Modules Market:

• In April 2024, Fuji Electric launched the HPnC Series, large-capacity industrial IGBT (insulated-gate bipolar transistor) semiconductor modules for power conversion to expand the use of renewable energy. The IGBT will have the role of changing frequencies and voltages by switching electricity on and off. The company plans to release the modules in June for various applications, namely power conditioning systems (PCSs) that perform power conversion in solar power generation systems and power converters for wind power generation systems.

Frequently Asked Questions