Global industry analysis

The voltage converters market is a fast-growing industry and there are different product types to meet different customer needs. Voltage converters are an essential part of many electrical systems and provide a convenient way to regulate the voltage of equipment to ensure safe and efficient operation.

Devices known as voltage converters change voltage from one form to another without changing the frequency. The voltage can be changed to a higher level (also called step-up) or lower level (also called step-down) using a voltage converter. The basic principle of how voltage converters work is to capture current and force it through a switching element. The switching element changes the DC signal to an AC signal which is then sent through a replacement filter and converted back to a DC signal at the required voltage level.

Power supplies are used to classify voltage converters. This classification divides voltage transducers into two categories: DC voltage transducers and AC voltage transducers. The more frequently used transformers are also called AC voltage converters. These voltage converters are often used to connect sensors to microcontrollers when a 3.3V voltage needs to be changed to a 5V voltage and vice versa. There are many advantages to using a voltage converter. For example, a voltage converter can reduce battery storage by lowering the input voltage or increase battery storage by increasing the input voltage, and can convert and control the available input voltage to drive any device. This benefit can prevent any device from being damaged.

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Voltage Converter Market :  Dynamics

Increased demand for consumer goods such as mobile phones, televisions, laptops/monitors, etc. due to population growth and increasing demand for power and charge pumps due to industrialization can be considered as drivers for the voltage converter market. In addition, easy replacement of obsolete components and increasing technology development of products are also likely to drive the voltage converter market over the forecast period. Nonetheless, pricing pressures on manufacturing companies and industries along with inconsistent and fluctuating raw material prices are expected to restrain the growth of the market. In addition, we are continuously developing products such as compact size, high speed, and increased use of portable chargers.

Voltage Transducers Market: Segmentation

• Market segmentation of the voltage converter market based on product type can be done as follows:
  • electronic converter
  • magnetic transducer
  • non-isolated converter
    • Step-down (buck) converter
    • Step-up (boost) converter
    • buck-boost converter
    • isolation converter
      • flyback converter
      • forward converter
  • Market segmentation of the voltage converter market based on power supplies can be done as follows:
    • ac voltage converter
    • DC voltage converter
  • Market segmentation of the voltage converter market on the basis of voltage class can be done as follows:
    • low voltage converter
    • high voltage converter
    • high voltage converter
  • Market segmentation of the voltage converter market on the basis of application can be done as follows:
    • cell phone
    • laptop/monitor
    • LED power
    • simple charge pump
    • television
    • Other

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Voltage Transducers Market: Regional Outlook

Asia Pacific will be a thriving market for voltage converters during the forecast period. The Asia-Pacific voltage converter market accounted for around 30% of the global revenue share in 2013 and is set to witness significant gains over the next decade as demand for reliable and uninterrupted electronic devices such as mobile phones, televisions and laptops rise rapidly. is expected. Monitors, portable chargers, etc. due to the growing population in the area. North America and Europe will rise at relatively slower growth rates due to mature markets in these regions. Replacing obsolete products in North America and Europe with more technologically developed products is expected to increase volume sales in these regions. North America is expected to grow as a potential emerging market due to increasing industrialization and modernization in the region. Latin America will show high growth rates in this region, while the Middle East and Africa regions are expected to follow the same growth trend.

Voltage Converters Market: Key Players

Examples of some of the market players identified along the value chain of the voltage converter market include Siemens, Grainger, PowerBright, KRIËGER Electric, CE Compass, Goldsource, Bestek, Ceptics, Key Power, Seven Star, and LiteFuze.

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