The global AC/DC Converter Modules Market Size was assessed at USD 8.04 billion in 2018 and is expected to touch USD 12.9 billion by the end of the forecast period with a CAGR of 7%.
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It is estimated that the global AC/DC Converter Modules Market will grow at a staggering rate over the 2019-2025 forecast period. For Asia-Pacific, North America, Europe , the Middle East & Africa and Central & South America, the geographic analysis of the converter modules market has been carried out.
As per the MRFR report, it is projected that Asia-Pacific dominates the global converter modules market followed by North America and Europe. In the Asia-Pacific region the demand for converter modules is attributed to the high concentration of manufacturers of electric components. China , Japan and Taiwan are the major contributors to the growth of the market for converter modules in Asia-Pacific. In those countries , low labor costs have favored the production of converter modules in this region. Owing to the need for converter modules for aerospace and defense applications, the European region is projected to witness a stable yet exponential growth. The North American region, however, is forecast to see the highest growth during the 2019–2025 forecast period.
The global AC/DC Converter Modules Market Size has been analyzed on the basis of application, type, and region.
By type, the global converter modules market Size has been bifurcated into DC-AC converter module, DC-DC converter module, as well as AC-DC converter module.
Based on the application, the global converter modules market Size has been divided into IT & telecommunication, healthcare, industrial, aerospace & defense, transportation & logistics, and others.
MRFR has acknowledged a few companies as prominent players in the global converter modules market. These include ROHM Semiconductor (Japan), Delta Electronics, Inc. (Taiwan), STMicroelectronics (Switzerland), Texas Instruments Incorporated (US), Renesas Electronics Corporation (Japan), ABB Ltd (Switzerland), Flex Ltd. (US), Mitsubishi Electric Corporation (Japan),Advantech Co., Ltd (Taiwan), RECOM Power GmbH (Austria), Murata Manufacturing Co., Ltd (Japan), FUJITSU (Japan), TAMURA Corporation (Japan), TDK Corporation (Japan), and Würth Elektronik GmbH & Co. KG (Germany).
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