ICT & Electronics Global Digital Power Conversion Market Outlook | Página 2

Rising
Application
Of
Digital
Power
Convertors In Building Power Distribution
And Vehicle Electrification To Trigger The
Growth Of Digital Power Conversion Market
In Future
“Digital Power Conversion Market: Global Demand
Analysis & Opportunity Outlook 2024
”
The global digital power conversion market is segmented into application such as
industrial, automotive, power sector and consumer electronics. Among these
segments, industrial segment is expected to occupy the top position in digital
power conversion market. Rising utilization and demand for digital power
convertors in various industries is anticipated to foster the growth of industrial
digital power conversion market. Further, strict government legislations
regarding power supply requirement is expected to swell the demand for
industrial digital power conversion segment during the forecast period.
Global digital power conversion market is expected to flourish at a significant
CAGR over the forecast period. Technological advancements in existing digital
power conversion devices coupled with launch of new devices are believed to be
the dynamic factor behind the growth of digital power conversion market during
the forecast period. Moreover, the global digital power conversion market is
anticipated to generate noteworthy revenue by the end of 2024.
North America is expected to dominate the overall digital power conversion
market during the forecast period. This can be attributed to the high disposable