ICT & Electronics Global Digital Power Conversion Market Outlook | Page 3

income of the population. Further, strict government regulations regarding
power supply is expected to increase the adoption of digital power convertors in
the region. Asia Pacific is anticipated to grow at significant pace over the forecast
period i.e. 2017-2024. Countries such as China and Japan are anticipated to be
the key market for digital power convertors.
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Wide
Scale
Application
of
Digital
Power
Convertors
Emerging applications of digital power convertors in automotive electrification
and building powering is fuelling the growth of global digital power conversion
market. Further, increasing adoption of high efficiency lighting technologies such
as LED lighting and wireless building automation systems has triggered the
demand for digital power convertors. Furthermore, expanding application of
digital power convertors in energy harvesting is also anticipated to garner the
growth of the digital power conversion market.
Technological Innovations and Developments
Technological advancement in digital power conversion devices such as
optimization of system efficiency, high performance and other innovations are
expected to fuel the growth of the global digital power conversion market.
Moreover, advancement in hardware and digital controllers such as automation
of circuit is predicted to trigger the growth of the digital power conversion
market.