Converter Modules Market Trends
Converter modules facilitate elements to operate in high-power situations. These devices work without the intervention of an external source. This helps the manufacturer to curb costs of the board. It makes the circuit design simplified and leads to the removal of interferences and ground loop taking place from other circuits. The manufacturers who make components are concentrating largely on planning isolated converter modules. These modules go at par with strict medical safety norms. They are identified for expanding their reach in the healthcare equipment sector. In addition to this, the converter modules market has observed a substantial shift towards battery powered vehicle. With the inception of this trend, the component makers get encouraged to create converter modules that meet the demands of the automotive sector.
Market Segmentation
As per the research report published by Market Research Future, the worldwide converter modules market has been segregated on the basis of application and type. According to the type segment, the DC-DC converter module component is projected to rule the development of the worldwide market throughout the assessment period. On the other hand, according to the applications segment, the industrial segregation is expected to observe a substantial growth rate over the assessment period 2019–2025.
Moreover, due to the flexible control, the proposed converter can transfer power directly from multiple ports to HVDC terminals without bus cable. In this paper, the design of the proposed converter is introduced, and its functions are illustrated by simulation results. Conditions shift periodically in demand for converters. The sector is currently fraught with complexities that will produce changes that provide the power supply makers with both opportunities and challenges. This sector has thrived on creativity in the past and generated momentum for the power supply industry. Still, today many developments in the environmental and business environment present a multitude of opportunities. The consolidation of the sector is causing many changes, both in the consumer markets and in the converter module market.
There are three types of converter modules, comprising the DC-DC converter module, DC-AC converter module, an AC-DC converter module. Among these converter modules, the DC-DC converter module led the global market in 2018 and is poised to witness the highest growth rate in the near future. An upsurge in the adoption of smartphones, wearable devices, and robots has contributed to the growth of these converter modules.
By application, the global converter modules market operates in numerous industry verticals such as transportation & logistics, IT & telecommunication, industrial, healthcare, aerospace & defense, and others. Among these segments, the IT & telecommunication segment dominated the global converter modules market in 2018 and is slated to maintain its leed during the near future.
The market in Asia-Pacific is anticipated to contribute the highest share to the global converter modules market during the near future. China, Japan, and Taiwan are among the significant manufacturers of converter modules, thereby supporting the growth of the market in Asia-Pacific. On the other hand, the North American market is slated to register the highest growth rate during the foreseeable future. The demand for high-power operations in the industrial and defense sectors has encouraged the local manufacturers in this region to enter the converter modules market and boost the growth of the North American market.
Key Players
The prominent players within the converter modules market are identified across all the key regions based on their geographic presence and country of origin. Additionally, the other factors influencing the market players include recent key developments, industry expertise, and product diversification. Some of the remarkable players prevailing in the worldwide converter modules market include RECOM Power GmbH (Austria), Murata Manufacturing Co., Ltd (Japan), ROHM Semiconductor (Japan), FUJITSU (Japan), Renesas Electronics Corporation (Japan), STMicroelectronics (Switzerland), ABB Ltd (Switzerland), Texas Instruments Incorporated (US), Delta Electronics, Inc. (Taiwan), Mitsubishi Electric Corporation (Japan), Advantech Co., Ltd (Taiwan), Flex Ltd. (US), Würth Elektronik GmbH & Co. KG (Germany), SynQor, Inc. (US), Vicor Corporation (US), OMRON Corporation (Japan), SUMIDA CORPORATION (Japan), TDK Corporation (Japan), TAMURA Corporation (Japan), and MORNSUN Guangzhou Science & Technology Co.,Ltd (China). The firms are dedicated on enhancing and upgrading their current product portfolios as well as advancing products by spending in research and development by studying the altering market trends.
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It makes the circuit design simplified and leads to the removal of interferences and ground loop taking place from other circuits.
The manufacturers who make components are concentrating largely on planning isolated converter modules.
These modules go at par with strict medical safety norms.
They are identified for expanding their reach in the healthcare equipment sector.
With the inception of this trend, the component makers get encouraged to create converter modules that meet the demands of the automotive sector.Market SegmentationAs per the research report published by Market Research Future, the worldwide converter modules market has been segregated on the basis of application and type.
On the other hand, according to the applications segment, the industrial segregation is expected to observe a substantial growth rate over the assessment period 2019–2025.Regional AnalysisThe worldwide market for converter modules is predicted to witness swift growth over the forecast period from 2019 to 2025, as stated in the report published by Market Research Future.
Market HighlightsConverter modules allow components to work in high-power situations without using an external source.
This helps manufacturers reduce costs of the board and simplify the circuit design, resulting in the elimination of ground loop and interferences occurring from other circuits.
Component manufacturers are focusing on designing isolated converter modules that comply with stringent medical safety standards to extend their reach in the healthcare equipment industry.Moreover, the market has witnessed a significant shift towards battery-powered automobile, therefore, encouraging the component manufacturers to develop converter modules complementing the needs of the automotive industry.Key PlayersThe key players in the converter modules market are identified across all the major regions based on their country of origin, geographic presence, recent key developments, product diversification, and industry expertise.
Some of them are Murata Manufacturing Co., Ltd (Japan), RECOM Power GmbH (Austria), FUJITSU (Japan), ROHM Semiconductor (Japan), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), Texas Instruments Incorporated (US), ABB Ltd (Switzerland), Mitsubishi Electric Corporation (Japan), Delta Electronics, Inc. (Taiwan), Flex Ltd. (US), Advantech Co., Ltd (Taiwan), Würth Elektronik GmbH & Co. KG (Germany), Vicor Corporation (US), SynQor, Inc. (US), SUMIDA CORPORATION (Japan), OMRON Corporation (Japan), MORNSUN Guangzhou Science & Technology Co.,Ltd (China), TDK Corporation (Japan), and TAMURA Corporation (Japan).
The companies are focused on upgrading and enhancing their existing product portfolios as well as innovating products by investing in research and development by analyzing the changing market trends.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8164Segmental AnalysisAs per the study conducted by MRFR, the global converter modules market has been segmented on the basis of type and application.
On the basis of type, the DC-DC converter module segment is estimated to dominate the growth of global market during the forecast period.
The growth sectors of the Converter Modules Market are identified with precision for a better growth perspective.Converter modules are machines used to transform analog signals into digital signals, and vice versa for applications of high voltage.
Growing competition for SMPS in data centers and a transition to battery-powered vehicles led to the development of the global market for converter modules.
The implementations of these systems can be found in various vertical sectors, including manufacturing, education, logistics, and defense.FREE PDF@ https://www.marketresearchfuture.com/sample_request/8164Thus, the converter modules market is expected to see steady growth over the forecast period.
This also phases out ground loops, isolating the circuit, thus from interferences induced by other sources.
To produce accurate performance, the source needed for this form of power module must provide low noise and ripple.In the power transmission of offshore wind power systems by high voltage direct current (HVDC), the DC / DC converter module is used to pass power from wind turbines to HVDC terminals and plays a crucial role in providing high voltage gain, high output and high resistance to failures.
This paper introduces a revolutionary multi-port DC / DC converter module with several modules connected in a flexible matrix configuration, which simultaneously provides an ultra-high voltage step-up ratio and low voltage / current part rating.
