The global converter modules market size was assessed at USD 8.04 billion in 2018 and is expected to touch USD 12.9 billion by the end of the forecast period with a CAGR of 7%.

1. Converter Modules Market Driven by the growing demand for
power-saving solutions | Know COVID-19 Analysis | Top
Companies- ROHM Semiconductor, Delta Electronics
Market Research Future (MRFR), highlights that the Global Converter
Modules Market Driven by the growing disruption caused by COVID 19.
Market Expected to Grow Exponentially, Securing a Significant Market
Valuation at a Decent CAGR 7%
Market Synopsis
The global converter modules market size was assessed at USD 8.04 billion in 2018 and is
expected to touch USD 12.9 billion by the end of the forecast period with a CAGR of 7%.
Market Highlights
According to the MRFR report, there are several factors which affect the growth of the global
converter modules market. The growing demand for advanced power-saving solutions and
rapid developments in digital power management and control technologies has further
propelled the growth of the global market for converter modules. Additionally, the advances in
advanced driver assistance system (ADAS) technology, vehicle to all (V2X) communication
module, body electronics, and LED lighting have created opportunities for manufacturers to
develop highly efficient converter modules.

2. Growing requirement for reliable power supply units for use in out-patient care equipment and
rising demand for energy-efficient devices/appliances across the global are also projected to
impelling the market growth in the forecast period. Increasing demand for SMPS in data centers
and a shift to battery-powered automobiles have contributed to the growth of the global
market for converter modules. In addition, the applications of these modules can be observed
in various vertical industries, including industrial, healthcare, logistics, and defence. Thus, the
converter modules market is expected to witness steady growth over the forecast period.
However, these modules do not automatically switch off in a no-load state, thus reducing the
system efficiency.
Segmentation
The global converter modules market has been analyzed on the basis of application, type, and
region.
 By type, the global converter modules market has been bifurcated into DC-AC converter
module, DC-DC converter module, as well as AC-DC converter module.
 Based on the application, the global converter modules market has been divided into IT
& telecommunication, healthcare, industrial, aerospace & defense, transportation &
logistics, and others.
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Key Players
MRFR has acknowledged a few companies as prominent players in the global converter
modules market. These include ROHM Semiconductor (Japan), Delta Electronics, Inc. (Taiwan),
STMicroelectronics (Switzerland), Texas Instruments Incorporated (US), Renesas Electronics
Corporation (Japan), ABB Ltd (Switzerland), Flex Ltd. (US), Mitsubishi Electric Corporation
(Japan),Advantech Co., Ltd (Taiwan), RECOM Power GmbH (Austria), Murata Manufacturing
Co., Ltd (Japan), FUJITSU (Japan), TAMURA Corporation (Japan), TDK Corporation (Japan), and
Würth Elektronik GmbH & Co. KG (Germany). Based on their geographical presence, origin,
product portfolio, key developments, and expertise in the development of converter modules,
these companies are analysed.
Regional Assessment
It is estimated that the global market for converter modules will grow at a staggering rate over
the 2019-2025 forecast period. For Asia-Pacific, North America, Europe , the Middle East &
Africa and Central & South America, the geographic analysis of the converter modules market
has been carried out.

3. As per the MRFR report, it is projected that Asia-Pacific dominates the global converter
modules market followed by North America and Europe. In the Asia-Pacific region the demand
for converter modules is attributed to the high concentration of manufacturers of electric
components. China, Japan and Taiwan are the major contributors to the growth of the market
for converter modules in Asia-Pacific. In those countries, low labor costs have favored the
production of converter modules in this region.
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market-8164
TABLE OF CONTENTS:
1. Market Introduction
2. Research Methodology
3. Market Dynamics
4. Executive Summary
5. Market Factor Analysis
6. Converter Modules Market, By Segments
7. Competitive Analysis
Continued…
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