DC-DC Converter Market 2023 Assessment and Key Insights Analyzed Till 2030
DC-DC Converter Market Size was valued at USD 11.02 billion in 2022 and is expected to reach USD 28.28 billion by 2030, and grow at a CAGR of 12.5% over the forecast period 2023-2030.
The DC-DC converter market is a rapidly growing sector within the electronics industry that specializes in devices designed to convert direct current (DC) electrical power from one voltage level to another. These converters play a critical role in various applications, such as power supplies for electronic devices, renewable energy systems, electric vehicles, and industrial machinery.