Power
conversion
refers to the altering of electric energy from one form to another. Digital
power conversion is used to transform electric energy from analog current to
digital current or digital current to analog current. Power converters such as
voltage convertors are used for the conversion of electrical energy. These
converters transform the frequency or voltage of the electric current as per
the requirement. Consumers worldwide are inclining towards the digital power
conversion systems. The market share of the digital power conversion product
has been rapidly rising as compared to its counterpart i.e. analog system. The
market share of the digital power conversion market is increasing due to its
growing use in the power system designs. Moreover, the advantages offered by
digital power conversion over analog system are increasing the demand for
digital power conversion system. The key advantages it offers over the analog
system are the flexibility and control of power supplies.
Market Size and Forecast
The market of digital power
conversion system is anticipated to witness a robust growth over the forecast
period i.e. 2017-2024. This
can be attributed to various factors such as rising demand for digital power
conversion system and government regulations on power supply systems.
North America is the leader of the global digital power
conversion market followed by Europe. North America accounted
for the largest revenue share in 2016 and is anticipated to continue its dominance
over the forecast period. The rising disposable income and government
regulations and initiatives are believed to uplift the market of digital power
conversion system in North America. Further, Europe is anticipated to witness a
positive growth over the forecast period. This is expected to positively impact
the growth of the global digital power conversion market.
Moreover,
Asia-Pacific is expected to showcase a significant growth over the forecast
period and bolster the global digital power conversion market. China and Japan
are the major countries which are anticipated to garner the growth of global
digital power conversion market. In the terms of production and supply, China
is the key player owing to the cheap manufacturing cost.
Market Segmentation
Our-in
depth analysis of the global digital power conversion market includes the
following segments:
By
Application
·
Industrial
·
Automotive
·
Power
sector
·
Consumer
Electronics
By
Substrate
·
GaN
·
SiC
·
Sapphire
By
Components
·
Digital
Power management IC
·
Power
Modules
·
Discrete
By Region
Global
digital power conversion market is further classified on the basis of region as
follows:
·
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
·
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
·
Western
and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth
& Opportunity Analysis
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis.
·
Middle
East and Africa (China, India, Japan, Singapore, Australia, New Zealand, Rest
of Asia) Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers and Challenges
Increasing
disposable income and quickly developing semiconductor industry are expected to
drive the growth of digital power conversion market over the forecast period.
Further, increasing use in the power system design is anticipated to be the
dynamic growth factor of the global digital power conversion market. Further,
technological progress focused at improving product performance and costs of
the product are the major factor expected to drive the global power conversion
market. Moreover, stringent government regulation on power supply is
anticipated to garner the growth of global power conversion market.
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However,
continuous usage of existing analog control loop is believed to dampen the
growth of global digital power conversion market. In addition to that,
environmental factors, safety concerns and operational expenses are anticipated
to restraint the growth of global digital power conversion market.
Key Players
·
ST
Microelectronics
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
Texas
Instruments Incorporated
·
Freescale
Semiconductor, Inc.
·
Linear
Technology Corporation
·
Microchip
Technology Inc.
·
Qualcomm
Incorporated,
·
Analog
Devices Inc.,
·
Power-One
Inc.
·
Maxim
Integrated Products, Inc.
·
ROHM
Semiconductor
·
ABB
Ltd
Scope and Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
digital power conversion market is segmented as follows:
·
By
Application Market Size & Y-O-Y Growth Analysis
·
By
Substrate Market Size & Y-O-Y Growth Analysis
·
By
Components Market Size & Y-O-Y Growth Analysis
·
By
Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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more about this research, kindly visit:
For Table of Content &
Free Sample Report Contact:
Ajay
Daniel
Email:
ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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