According to the research report on global digital power conversion market, it is anticipated to show significant market share with an exponential growth rate during the period of forecast 2017-2027. Since 2012, the digital power conversion market has been witnessing stellar growth owing to emergence of RFID and IoT technologies. The global digital power conversion market is projected to grow at a high CAGR of 17.8% throughout the period of assessment to reach a significant market valuation of more than US$ 62 Bn by the end of the assessment year from a value of around US$ 12 Bn in 2017. The increasing number of applications and increasing use of digital power technology in various applications are main aspects pushing growth of the global digital power conversion market. In the coming years, players involved in the digital power conversion market would be focusing on emerging economies such as Mexico, India and Brazil.
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AC/DC segment to reflect a lion’s share in the coming years
AC/DC segment by product type is a fast adopted product type and is the largest among other digital power conversion products. This segment is estimated to reach a valuation of more than US$ 16 Bn by the end of the assessment period. Heavy investments in this segment have been observed since past couple of years. This segment is highly lucrative and is expected to continue cementing its dominance in the coming future.
The isolated DC/DC segment in the product type category is also expected to reflect high potential in the coming years. This segment is expected to show an increase of about 6.9x in the revenue by the end of the forecasted year from the base year of 2017. This segment is also projected to grow at the highest pace to register an exponential CAGR of 21.3% throughout the period of assessment.
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Tough call between sequencers and power conditioning/active power filtering
Sequencers and power conditioning/active power filtering segments are expected to show similar growth rates in the coming years. The power conditioning/active power filtering segment is expected to grow at a pace shade lower than the sequencers segment. Sequencers segment is estimated to show a valuation of about US$ 6 Bn and is projected to grow at a CAGR of 14.8% throughout the period of assessment. However, the power conditioning/active power filtering segment is estimated to reflect slightly higher market value of more than US$ 6.2 Bn. Choosing between these two segments would be a challenging question for key players in the years to come.
Regional outlook
The global digital power conversion market is soaring through key regions of North America, Eastern Europe, APEJ, MEA, Latin America and Western Europe. In North America region, the isolated DC/DC segment is poised to grow at a higher CAGR than AC/DC segment, and is estimated to reflect a value of about US$ 1.1 Bn by 2027 end, which is slightly less than that of AC/DC segment. However, in Asia Pacific excluding Japan (APEJ) regions the isolated DC/DC segment dominates the market, followed by Dc/Ac segment, with a high valuation and stellar growth rate. In Latin America, the DC/AC segment is projected to grow at the highest pace to register an enormous CAGR of 40.9% throughout the period of forecast, 2017-2027. In Eastern Europe the sequencers segment is poised to reflect a higher market value and share in the years to come, thus leading the market in this region.
