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The DC-DC Converter market is witnessing significant growth, primarily by factors such as increasing power consumption and the rapid growth of industrial automation. Industries across sectors are embracing advanced technologies that demand efficient power management systems, thus escalating the need for DC-DC converters.
The SNS Insider report reveals that the DC-DC Converter Market Size was valued at USD 11.02 billion in 2022 and is expected to reach USD 28.28 billion by 2030, with a projected CAGR of 12.5% during 2023-2030.
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Market Report Scope
A DC-DC converter is an essential electrical equipment used to convert direct current (DC) from one voltage level to another. These converters play a crucial role in various applications, including renewable…
