Converter Modules Market Research Report - Global Forecast till 2025 Converter Modules Market | Page 2

Market Scenario
Converter modules allow components to work in high-power situations without using an
external source. This helps manufacturers reduce costs of the board and simplify the circuit
design, resulting in the elimination of ground loop and interferences occurring from other
circuits. Component manufacturers are focusing on designing isolated converter modules
that comply with stringent medical safety standards to extend their reach in the healthcare
equipment industry. Moreover, the market has witnessed a significant shift towards battery-
powered automobile, therefore, encouraging the component manufacturers to develop
converter modules complementing the needs of the automotive industry.
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