According to a new market research report published by Credence Research, “DIN Rail DC-DC Converters Market (By End-use Vertical (Industrial, Automotive, Material Handling & Logistics, Defense & Aerospace, Buildings, Power & Energy, and Other End-use Verticals), By Product Type (Isolated, Non-isolated), By Output Number (Single Output, Multi-output), By Power Output (5W – >75W, 75W – 250W, and 250W<), and By Geography (North America, Europe, Asia Pacific, and Rest of the World)) – Growth, Future Prospects, and Competitive Landscape, 2018 -2026”, the global DIN Rail DC-DC Converters market is expected to reach US$ 951.2 Mn by 2026, expanding at a CAGR of 3.5% during the forecast from 2018 to 2026 .
[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]
Market & Product Insights:
DIN Rail DC-DC converters combine DC-DC converters with the convenience and cost-effectiveness of DIN Rail assembly systems. The use of the DIN rail system for DC-DC converters simplifies the engineering process by removing stacks of circuit boards and miles of assorted cables. In addition to DC-DC converters, the DIN Rail assembly is also used to mount a number of components, including contactors, thermal overload relays and motor circuit protectors.
The use of the DIN rail configuration significantly reduces the mounting time, the material required, and therefore the associated costs, without actually compromising the required sophistication of the circuit mounting. Worldwide manufacturers of electrical components are increasingly designing and developing components that comply with DIN standards. The increased demand for DC powered equipment and the increasing popularity of DIN Rail standards are expected to drive the market for DC-DC rail converters throughout the forecast period.
Rebounding in the industrial sector after the economic recession and the subsequent rise in industrial automation is one of the main factors driving demand for DIN Rail DC-DC converters worldwide. DIN DC-DC rail converters provide an economical solution for stabilizing the DC voltage of industrial equipment, machine control units, factory automation and security systems. As a result, DIN Rail DC-DC converters are gaining prominence in other fields, including medical & healthcare, power & energy, IT & telecommunications, transport, and utilities, among others. The consistent growth of these sectors, particularly in the developing countries of Asia-Pacific, bodes well for market growth.
A change in the market towards consolidation can be seen, particularly in developed economies such as North America and Europe, where small players can see combining operations with other established players to exploit each other’s capital, distribution networks and technical expertise. Expansion by strategic alliances is also one of the main strategies embraced by producers around the globe. Players are committed to ensuring long-term partnerships with customers, universities, companies in other industries and research institutions to drive technological innovation and move business forward.
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.