Global Industry Analysis

A device known as a voltage converter changes voltage from one form to another without altering its frequency. The voltage can be changed using a voltage converter to either a higher level (known as a step up) or a lower level (also known as a step down). The fundamental principle of how a voltage converter operates is to capture the current and force it to travel through a switching element. The switching element changes the DC signal into an AC signal, which is then sent via an alternative filter and changed back into a DC signal with the required voltage level.

The power supply is used to categorise voltage converters. This classification separates voltage converters into two categories: DC voltage converters and AC voltage converters. Transformers, which are more frequently utilised, are also known as ac voltage converters. These voltage converters are frequently used to connect sensors to microcontrollers, when a 3.3 V voltage must be changed to a 5 V voltage and vice versa. There are numerous advantages of using voltage converters. For instance, using a voltage converter, the battery storage can be reduced by decreasing the input voltage or increased by raising the input voltage and any device can be driven by converting and controlling the available input voltage. These advantages can prevent any device from getting damaged.

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Voltage Converters Market: Dynamics

Growing demand for consumer goods, such as cellular phones, television, laptops/monitors, etc. due to growing population and rising demand for power sources and charge pumps owing to industrialization can be considered as drivers for the market of Voltage Converters. Additionally, easy replacement of aging components and increasing technological developments in products are also likely to drive the market of Voltage Converters over the forecast period. Nevertheless, the pressure of pricing on manufacturing firms and industries coupled with inconsistent and fluctuating raw material prices is anticipated to restrain the growth of the market. Additionally, continuous developments in products, such as compact size, high speed, increasing use of portable chargers, etc. in various applications is also projected to provide conspicuous opportunities for the growth of the industry.

Voltage Converters Market: Segmentation

  • Market segmentation of the Voltage Converters market on the basis of its Product Type can be done as follows:
    • Electronic Converter
    • Magnetic Converter
    • Non-Isolated Converters
      • Step-Down (Buck) Converter
      • Step-Up (Boost) Converter
      • Buck-Boost Converter
      • Isolated Converters
        • Flyback Converter
        • Forward Converter
    • Market segmentation of the Voltage Converters market on the basis of power supply can be done as follows:
      • AC Voltage Converter
      • DC Voltage Converter
    • Market segmentation of the Voltage Converters market on the basis of its Voltage rating can be done as follows:
      • Low Voltage Converters
      • Medium Voltage Converters
      • High Voltage Converters
    • Market segmentation of the Voltage Converters market on the basis of its application can be done as follows:
      • Cellular phones
      • Laptops/Monitors
      • LED Power Sources
      • Simple charge pumps
      • Television
      • Others

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Voltage Converters Market: Regional Outlook

Asia Pacific will be a prosperous market for Voltage Converters during the forecast period. The Asia Pacific Voltage Converters market accounted for around 30% of the global revenue share in 2013 and is forecast to witness significant gains over the next decade owing to rapid rise in need for reliable and uninterrupted electronics gadgets, such as cellular phones, television, laptops/monitors, portable chargers, etc. owing to increasing population in the region. North America and Europe will rise at a comparatively sluggish rate of growth attributable to the mature markets in this region. Replacement of aging products with more technologically developed products in North America and Europe is anticipated to raise volume sales in these regions. North America is estimated to grow as a potential and emerging market owing to the increasing industrialization and modernization in the region. Latin America will witness high growth rate in the region and the Middle East and Africa region is expected to follow same growth trends.

Voltage Converters Market: Key Players

Examples of some of the market participants identified across the value chain of the Voltage Converters market are Siemens, Grainger, PowerBright, KRIËGER Electric, CE Compass, Goldsource, Bestek, Ceptics, Key Power, Seven Star, LiteFuze, etc.

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