Additional factors expected to sustain demand include new medical applications, the increasing use of cost-effective point of load (POL) devices and the ongoing expansion of industrial infrastructure in the Asian region.
"Better designs and improvements at the component level have allowed for premium pricing by vendors, despite lean manufacturing systems being in place," notes Frost & Sullivan Senior Research Analyst Karthi Hanumantharau. "Digitally controlled DC-DC converters are also being increasingly preferred to replace analog controls. This, along with add-ons and improvements, are helping increase the overall market revenues."
New analysis from Frost & Sullivan (powersupplies.frost.com), World DC-DC Converter Market, reveals that this market earned revenues of $4.34 billion in 2006 and estimates this to reach $6.67 billion in 2013.
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Notable innovations in medical applications whose designs incorporate heavy electronics and DC use are one reason for the continuing growth of the DC-DC converter market. Innovations such as reduction of thermal radiation in converters and minimized use of components, lead to lower application costs and sizes.
Although there have been new converter products in the market, these developments are largely restricted to individual vendors. The industry as a whole struggles to keep pace with design developments, and this leads to faster technology obsolescence and low returns on investment.
"Replacement rates are gradually reducing due to extended life cycles as a result of manufacturers applying various new topologies and architectures," says Hanumantharau. "Increasing raw material prices are also likely to push up converter prices, thereby affecting unit sales."
Overall, the World DC-DC converter market is set for steady growth in the future, just as innovation in telecommunication services, including Voice over Internet Protocol (VoIP), General Packet Radio Service (GPRS) and other wireless technologies, are increasing the usage of hand-held and portable devices, all of which rely on DC-DC converter technologies. In addition, new portable medical applications in diagnostics and imaging equipment are likely to spur demand for DC-DC converters, as they also rely heavily on electronics which require DC power.
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