DC-DC Converter Market Size, Share, and Forecast 2022 – 2032

The Global DC-DC Converter Market Size is expected to reach USD 29.86 billion by 2032, at a CAGR of 10.2% during the forecast period 2022 to 2032. DC-to-DC converters, often known as dc choppers, are power electronics components that convert one DC voltage source to another with varying values and, in certain instances, polarity. The DC-DC converters are most commonly used in applications such as telecoms power supply, electric power transmission, dc motor drive systems, correcting power factors, solar power production systems, and several other applications. DC-DC converters are designed with semiconductors such as insulated gate bipolar transistors (IGBTs), power metal-oxide-semiconductor field effect transistors (MOSFETs), thyristors, or other power-controlled semiconductor devices, and also diodes and LC circuits. For different electronic devices, DC-to-DC converters are utilized to convert high-voltage DC input to low-voltage DC output.