According to Cognitive Market Research, The Global Power Converters market size is USD 55.8 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 8.50% from 2023 to 2030.
The demand for these portable devices will boost the DC-DC converter market growth.
Demands are increasingly used in portable electronic devices such as cell phones, laptops, and computers in the Power Converters market.
The electronics and automotive category held the highest Power Converters market revenue share in 2023.
North America will continue to lead, whereas the European converters market will experience the strongest growth until 2030.
