Market Overview:
The global bidirectional converter market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for bidirectional converters in various applications, such as industry, aerospace & defense, medical and others. Additionally, the growing demand for renewable energy sources is also contributing to the growth of this market.
Product Definition:
A bidirectional converter is an electronic device that converts Alternating Current (AC) to Direct Current (DC) and vice versa. It is important for converting AC to DC power in devices like laptops and smartphones, as well as for charging batteries.
Below 40V:
Below 40V is a range of voltage that is considered to be the lowest power supply that can provide adequate performance for most consumer electronics products. Products such as smartphones, tablets, laptops and some other consumer electronic devices require a battery to operate; this battery operates using an electric charge between 20.0V and 40.0V.
40-70V:
40-70V is a voltage range that most of the electronic devices work on. The majority of the bidirectional converters in the market provide 40-70V and below 20V. Some high power DC to AC inverter works up to 100-120V, which is outside 40-70V range.
Application Insights:
The industry segment accounted for the largest share in 2016 and is expected to witness significant growth over the forecast period. The growing demand for power semiconductors from various industries including energy, telecommunication, and automotive is anticipated to drive the market growth over the forecast period.
The increasing number of solar photovoltaic installations across countries such as China, India, South Africa has created a need for bidirectional converters that are capable of handling high-frequency electric signals without affecting the normal operations of electrical equipment connected to PV panels. This in turn is expected to propel product demand from 2017 to 2030.
Aerospace & defense accounted for a significant share in 2016 owing to rising R&D activities related to aircraft power systems.
Regional Analysis:
North America dominated the global bidirectional converter market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing demand for power distribution systems from various application segments, such as industrial, medical and other. Moreover, growing adoption of advanced technologies coupled with high standard of living are some other factors driving regional growth.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising number of manufacturing facilities in emerging economies like China and India along with rapid development in transportation infrastructure across these countries which will drive product demand across several industries including automotive, aerospace & defense among others. In addition, favorable government policies encouraging investments through tax benefits on equipment purchases are also expected to boost industry expansion over the next eight years (2030).
Europe accounted for a major share owing towards large-scale adoption by end-use industries operating globally such as oil & gas sector.
Growth Factors:
- Increasing demand for bidirectional converters from the automotive sector as they help in improving fuel efficiency and reducing emissions.
- Growing popularity of electric vehicles which require bidirectional converters to charge the battery and power the vehicle.
- Rising demand for renewable energy sources such as solar and wind, which need bidirectional converters to store energy generated during off-peak hours for use during peak hours.
- Increasing installation of microgrids across residential, commercial, and industrial sectors due to benefits such as improved reliability, security, and resiliency against outages 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Bidirectional Converter Market Research Report
By Type
Below 40V, 40-70V, Above 70V
By Application
Industry, Aerospace & Defense, Medical, Other
By Companies
Vicor, Infineon, Artesyn, XP Power, TDK, Murata, Texas Instruments, ON Semiconductor, PULS, Analog Devices, Vicor, SHINRY
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Bidirectional Converter Market Report Segments:
The global Bidirectional Converter market is segmented on the basis of:
Types
Below 40V, 40-70V, Above 70V
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industry, Aerospace & Defense, Medical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vicor
- Infineon
- Artesyn
- XP Power
- TDK
- Murata
- Texas Instruments
- ON Semiconductor
- PULS
- Analog Devices
- Vicor
- SHINRY
Highlights of The Bidirectional Converter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 40V
- 40-70V
- Above 70V
- By Application:
- Industry
- Aerospace & Defense
- Medical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bidirectional Converter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A bidirectional converter is a device that can change the direction of an electrical current. This is useful for converting alternating current (AC) to direct current (DC), or vice versa.
Some of the major players in the bidirectional converter market are Vicor, Infineon, Artesyn, XP Power, TDK, Murata, Texas Instruments, ON Semiconductor, PULS, Analog Devices, Vicor, SHINRY.
The bidirectional converter market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bidirectional Converter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bidirectional Converter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bidirectional Converter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bidirectional Converter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bidirectional Converter Market Size & Forecast, 2018-2028
4.5.1 Bidirectional Converter Market Size and Y-o-Y Growth
4.5.2 Bidirectional Converter Market Absolute $ Opportunity
Chapter 5 Global Bidirectional Converter Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bidirectional Converter Market Size Forecast by Type
5.2.1 Below 40V
5.2.2 40-70V
5.2.3 Above 70V
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bidirectional Converter Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bidirectional Converter Market Size Forecast by Applications
6.2.1 Industry
6.2.2 Aerospace & Defense
6.2.3 Medical
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bidirectional Converter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bidirectional Converter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bidirectional Converter Analysis and Forecast
9.1 Introduction
9.2 North America Bidirectional Converter Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bidirectional Converter Market Size Forecast by Type
9.6.1 Below 40V
9.6.2 40-70V
9.6.3 Above 70V
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bidirectional Converter Market Size Forecast by Applications
9.10.1 Industry
9.10.2 Aerospace & Defense
9.10.3 Medical
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bidirectional Converter Analysis and Forecast
10.1 Introduction
10.2 Europe Bidirectional Converter Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bidirectional Converter Market Size Forecast by Type
10.6.1 Below 40V
10.6.2 40-70V
10.6.3 Above 70V
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bidirectional Converter Market Size Forecast by Applications
10.10.1 Industry
10.10.2 Aerospace & Defense
10.10.3 Medical
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bidirectional Converter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bidirectional Converter Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bidirectional Converter Market Size Forecast by Type
11.6.1 Below 40V
11.6.2 40-70V
11.6.3 Above 70V
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bidirectional Converter Market Size Forecast by Applications
11.10.1 Industry
11.10.2 Aerospace & Defense
11.10.3 Medical
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bidirectional Converter Analysis and Forecast
12.1 Introduction
12.2 Latin America Bidirectional Converter Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bidirectional Converter Market Size Forecast by Type
12.6.1 Below 40V
12.6.2 40-70V
12.6.3 Above 70V
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bidirectional Converter Market Size Forecast by Applications
12.10.1 Industry
12.10.2 Aerospace & Defense
12.10.3 Medical
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bidirectional Converter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bidirectional Converter Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bidirectional Converter Market Size Forecast by Type
13.6.1 Below 40V
13.6.2 40-70V
13.6.3 Above 70V
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bidirectional Converter Market Size Forecast by Applications
13.10.1 Industry
13.10.2 Aerospace & Defense
13.10.3 Medical
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bidirectional Converter Market: Competitive Dashboard
14.2 Global Bidirectional Converter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vicor
14.3.2 Infineon
14.3.3 Artesyn
14.3.4 XP Power
14.3.5 TDK
14.3.6 Murata
14.3.7 Texas Instruments
14.3.8 ON Semiconductor
14.3.9 PULS
14.3.10 Analog Devices
14.3.11 Vicor
14.3.12 SHINRY
