DC-DC Converter Market Size Worth USD 13.3 billion by 2031, at 6.8% CAGR| Report by Transparency Market Research Inc.
WILMINGTON, Del., Nov. 21, 2023 /PRNewswire/ -- The global DC-DC converter market stood at US$ 7.76 billion in 2023, and the global market is projected to reach US$ 13.3 billion in 2031. The DC-DC converter market is anticipated to expand at a CAGR of 6.8% between 2023 and 2031.
- Global DC-DC converter market to generate absolute dollar opportunity worth US$ 13.3 billion until 2031.
- Global DC-DC converter market is valued at US$ 7.4 billion in 2022.
- The DC-DC converter plays a crucial role by transforming the high-voltage DC from the battery into the lower voltage levels essential for these components.
- DC-DC Converter Market Trucks Market: Key Players
In March 2023, Bel Fuse, Inc. unveiled the RDT-6Y DC-DC converter series tailored for railway applications.