DC-DC Converter Market Worth $6.4 Billion USD by 2027 - Exclusive Report by MarketsandMarkets™
CHICAGO, Oct. 19, 2022 /PRNewswire/ -- DC-DC converter market size is projected to grow from USD 4.9 billion in 2022 to USD 6.4 billion by 2027, at a CAGR of 5.1% from 2022 to 2027 according to a new report by MarketsandMarkets.
- CHICAGO, Oct. 19, 2022 /PRNewswire/ -- DC-DC converter market size is projected to grow from USD 4.9 billion in 2022 to USD 6.4 billion by 2027, at a CAGR of 5.1% from 2022 to 2027 according to a new report by MarketsandMarkets.
- Hence, the defense and aerospace industrial growth will drive the demand for DC-DC converters during the forecast period.
- During the forecast period, the >1000W output power category is expected to grow at the fastest CAGR in the DC-DC converter market.
- The DC-DC converter market is anticipated to expand at the greatest CAGR throughout the forecast period for the 2V output voltage category.