Report ID: UCMIG25A2104
Report ID:
UCMIG25A2104 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The 2022 global automotive DC-DC converter market had a value of USD 2.25 billion and is expected to experience substantial growth. Projections indicate that it will increase from USD 2.87 billion in 2023 to USD 17.42 billion by 2030, with a noteworthy compound annual growth rate (CAGR) of 29.4% during the forecasted period. Automotive DC-DC converters play a vital role in temporarily storing and converting electrical energy, enabling the transformation of direct current (DC) between different voltage levels. These power conversion circuits effectively manage energy by storing it in electrical and magnetic fields, serving as crucial intermediaries in vehicles to bridge systems operating at varying voltage levels.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Auto Parts & Equipment by segment aggregation, the contribution of the Auto Parts & Equipment in Automobiles & Components and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25A2104