"Steady Demand for DC-powered Equipment across Different End-use Verticals to Drive Market Worldwide"

The global DIN rail DC-DC converters market is poised to reach US$ 951.2 Mn by 2026, expanding at a CAGR of 3.5% during the forecast period from 2018 to 2026. Combining different control systems together and assembling a system in a sophisticated and organized way is one of the greatest features of modern-day DIN Rail configuration. DIN Rail configuration helps in reducing cost, time and complexities involved in assembling small components into a large cohesive system. In wake of these benefits offered, manufacturers have begun developing DC-DC converters that can be mounted easily on a DIN Rail. DIN Rail DC-DC converters are extensively used across different end-use verticals since the configuration offers numerous options to combine different custom interfaces, offering benefits in terms of cost associated with labor, enclosures, and devices. Growing significance of DC equipment and perpetually growing demand for battery-operated systems is expected to boost demand for DIN rail DC-DC converters throughout the forecast period from 2018 to 2026.

"Industrial Segment to Dominate; Energy & Utilities Segment to Register Strong Growth"

Based on end-use application, DIN Rail DC-DC converters are categorized into industrial, automotive, material handling & logistics, defense & aerospace, buildings, power & energy and others. The others sub-segment includes telecom, medical devices, consumer electronics, etc. Considerable growth in industrial automation and process control has stimulated demand for DIN Rail DC-DC converters worldwide. Equipment such as computer operated numerical control (CNC), machine control units (MCU), automatic storage and retrieval systems (ASRS), and conveyors systems are equipped with efficient DIN rail DC-DC converters. Energy & utilities represents another prominent end-use application segment in the global DIN Rail DC-DC converters market. Upcoming renewable energy plants and demand for transmission & distribution systems will stimulate the DIN rail DC-DC converters market throughout the forecast period from 2018 to 2026.

"Asia Pacific to Dominate; North America to Witness Strong Growth"

Rapidly expanding renewable energy generation projects and significant growth in the IT & telecom sector, especially in developing countries including China and India has helped Asia Pacific to dominate the overall DIN rail DC-DC converters market in 2017. Economic development and flourishing end-use industries such as manufacturing industries, automotive, material handling, power & utilities and defense & aerospace is supporting demand for DIN rail DC-DC converters in the region. Consequently, Asia Pacific is expected to continue its dominance over the market throughout the forecast period from 2018 to 2026. North America and Europe region trail Asia Pacific in terms of market value. Similar to Asia Pacific, Europe also embraces non-conventional energy power generation. In addition, growing acceptance of electric vehicles in developed countries of North America and Europe is anticipated to boost the demand for DIN rail DC-DC converters in these regions.

"Multi-output DIN Rail DC-DC Converters slated to Yield Favorable Gains"

DIN rail DC-DC converters with multiple outputs stood supreme over single output DIN rail DC-DC converters in terms of value contribution in 2017. Multi-output offer several merits over its single output counterparts. Multi-output converters can offer operational efficiency up to 96% and reduces loss of energy due to voltage set-up or step-down. Multi-output converters are preferred for small circuit applications with multiple outputs and battery operated devices due to better stability. Thus, such converters find extensive application in non-conventional energy generation systems, complex industrial automation systems, and telecom equipment. On the other hand, single output DIN Rail DC-DC converters have limited applications owing to low efficiency as compared to multi-output converters.

Key Players & Competitive Landscape:

The overall DIN Rail DC-DC converters market worldwide is moderately fragmented. The existing competitive rivalry among market players is high and poses moderate threat to new entrants. The established players have advantage of established distribution channel, which is crucial in improving their product position in the market. Some of the leading manufacturers identified in the research study includes Traco Electronic AG, TDK Lambda Corporation, CUI, Inc., Delta Electronics, Inc., Phoenix Contact, Cosel Co., Ltd., Bel Fuse, Inc.,   PULS GmbH and MTM Power among others

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of DIN Rail DC-DC Converters market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the DIN Rail DC-DC Converters market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of DIN Rail DC-DC Converters market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the DIN Rail DC-DC Converters market?
• Which is the largest regional market for DIN Rail DC-DC Converters market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving DIN Rail DC-DC Converters market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the DIN Rail DC-DC Converters market worldwide?