Published by mark itwired
Posted on October 6, 2021
5 min readLast updated: January 31, 2026
The digital power conversion market is set to grow significantly, driven by demand for power solutions and electric cars, with APEJ leading the growth.
Asia Pacific Excluding Japan (APEJ) Projected to be the Largest Region in the Global Digital Power Conversion Market During the Period of Assessment
Future Market Insights has analyzed various facets of the digital power conversion market from a global perspective and has sequentially arranged the statistical data in its new research publication title “Digital Power Conversion Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”. The extensive digital power conversion market research report unveils several aspects of the market such as opportunities, trends, drivers, restraints and developments impacting the growth of the global digital power conversion market along with the analysis of key players and future projections across key regions in the globe. The comprehensive analysis on each segment and sub segment of the global market has portrayed a real time picture of the global market scenario for digital power conversion.
Increasing demand for power supply solutions will continue to bolster the growth of digital power conversion market over the following years. A new study of Future Market Insights (FMI) indicates a solid growth outlook for the global digital power conversion market and forecasts a CAGR of 11% during the forecast period (2019 – 2029). Rising adoption of electric cars and smart home appliances will also remain among the key boosters to market growth.
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Global Digital Power Conversion Market: Forecast Highlights
According to the research report, the global digital power conversion market is expected to witness robust growth rate during the period of assessment. The global market is poised to register a high CAGR of 17.8% during 2017-2027. With this tremendous growth rate, it is expected to reach a market valuation of around US$ 62.4 Bn in 2027 from a value of US$ 12.19 Bn in 2017 which reflects a 5x increase in the growth since 2017.
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Global Digital Power Conversion Market: Dynamics
There are several aspects that influence the growth of the global digital power conversion market. Increasing usage of DPS across diversified industry application, favourable government policies, rising demand for digital power conversion in downstream markets, use of advanced power control solutions, growth in the Automotive sector, increasing use of wireless infrastructure, growth of consumer electronics segment, increasing investment by MNCs and semiconductor manufacturers, increasing industrial automation, increasing manufacturing activities, rising power electronics device market, rising demand for high end power electronic products and boom in the digital sector have been supporting the growth of the global digital power conversion market. However, economic and political instability, infrastructure limitations, rising corruption and product specifications compliance which is the most expensive, are few of the aspects that are challenging the growth of the global market for digital power conversion.
Global Digital Power Conversion Market: Segmental Intelligence
The global digital power conversion market has been segmented by product type, by application and by region.
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Global Digital Power Conversion Market: Key Players
The global digital power conversion market research study has included analysis on the key players operating within the market. Various aspects such as SWOT analysis, geographical reach, strategies, product portfolio, expansion plans, mergers and acquisitions, key developments, distribution channel analysis etc., of the key players have been covered in this study. Key companies such as Texas Instruments Inc., EnOcean GmbH, NXP Semiconductor, Inc., Vertiv Co (formerly, Emerson Network Power), Ericsson Power Modules AB, General Electric Energy division, Infineon Technologies A.G, Microchip Technology Inc., TDK Corporation, Cosel CO. Ltd., and Cirrus Logic Inc., have been profiled in this research report.
The post Digital Power Conversion Market Size 2019 Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2029 appeared first on Industry News Analsis.
The article discusses the digital power conversion market, its growth prospects, and key regional players.
Increasing demand for power solutions and the rise of electric cars and smart appliances are key growth drivers.
Challenges include economic and political instability, infrastructure limitations, and compliance costs.
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