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Bus Converter Market - By Type, By Form Factor, By End Use By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030
Bus Converter Market Overview:
Bus Converter Market size is estimated to reach $7.1 billion by 2030, growing at a CAGR of 11.2% during the forecast period 2023-2030. The Bus Converter Market refers to the industry that produces devices known as bus converters. These are electronic devices used in power electronics to convert one type of electrical bus voltage or current to another, often for the purpose of efficiently transmitting power between different components of a system. Bus converters play a crucial role in various applications, including renewable energy systems, electric vehicles, and industrial machinery. They enable the seamless integration of different power sources and components by ensuring that the electrical parameters match, optimizing power transfer, and minimizing losses, propelling the Bus Converter Market growth.
Additionally, the global market for Bus Converter s is predicted to benefit from an increase in strategic partnerships and organizational collaboration. A new, ultra-compact IBC manufactured in collaboration with Onsemi, The non-isolated, unregulated BMR313, created in partnership with Onsemi, has an astounding power density of 908 W/cm3 and a peak power rating of 3 kW in a very tiny package (23.4 x 17.8 x 7.65 mm). Worked with onsemi on the BMR313 design to take use of the FD6000's benefits as the company's newest generation intermediate bus digital controller. These factors positively influence the Bus Converter industry outlook during the forecast period.
Bus Converter Market- Report Coverage:
The “Bus Converter Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Bus Converter Market.
| Attribute | Segment |
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By Type |
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By Form Factor |
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By End Use |
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By Geography |
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COVID-19 / Ukraine Crisis - Impact Analysis:
The COVID-19 pandemic had a multifaceted impact on the bus converter industry, with disruptions to supply chains and changes in demand patterns being some of the most significant challenges. However, it also accelerated trends like digital transformation and increased awareness of the importance of reliable power management systems, creating new opportunities for innovation and growth in the bus converter market. Following the COVID-19 outbreak, electric vehicle sales were rapidly increasing. Lockdowns have been implemented by governments all over the world, which has caused an economic slowdown and hurt sales of electric vehicle and infrastructure systems for charging. The Society of Electric Vehicle Manufacturers (SMEV) estimates that the number of electric vehicle registrations in India decreased by 20% in FY21 compared to FY20.
The bus converter companies impacted by the Russia-Ukraine conflict owing to possible supply chain disruptions, export restrictions, and geopolitical ambiguity. Due to the presence of electronic component manufacturers in the area, supply chain disruptions that influence bus converter production globally are likely. Export limitations result in a shortage of components and higher prices. Geopolitical unrest discourages operations and investments in the impacted regions. The fluctuation of currency exchange rates could affect material costs. Increasing supply chain resilience through supplier base diversification become a strategic objective.
Key Takeaways:
Fastest Growth of Asia Pacific Region
Geographically, Asia Pacific dominated the Bus Converter Market with a share of more than 13.9%, followed by North America and Europe. Technologically advanced and innovative product launches by major manufacturers present in the region are cost-effective and can endure high foot traffic driving Bus Converter Market in APAC region. In addition, MORNSUN, a national high-tech company with its headquarters in China, has developed into one of the top producers of vertical industrial power supplies. On November 13, 2019, MORNSUN unveiled the CFB0505XT-1WR3, a new Innovative DC/DC converter module created especially for automotive applications. The new CFB0505XT-1WR3 module complies with AEC-Q100 guidelines and automotive EMC regulations. Additionally, the CFB0505XT-1WR3 has a small footprint, a 3000VAC/4200VDC high isolation voltage, a working temperature range of -40°C to +105°C, and output continuous short-circuit protection, making it perfect for automotive applications with an efficiency of up to 82%. These factors will drive up demand for Bus Converter s throughout the forecast period.
Isolated Register the Fastest Growth
In the Bus Converter Market analysis, the Isolated segment is estimated to grow with the highest CAGR of during the forecast period. A type of power electronic equipment known as isolated bus converters provides electrical isolation between the input and output voltage. Trans formators and optocouplers are some of the methods used to accomplish this separation. Isolated bus converters are widely utilized in many applications where security, voltage level translation, noise reduction, and ground loop prevention are crucial. For instance, Vicor released a new 800V Bus Converter Module in 2019 The 800V BCM4414 is a 1.6kW, isolated, 1/16 fixed-ratio bus converter module that can run on input voltages ranging from 500V to 800V and provide SELV output voltages with a peak efficiency of 97.7%. The existing Vicor 700V BCM4414 and the new 800V module combine to provide a family of products with improved isolation and the ability to convert voltage in both directions.
Chassis-mounted segment is Leading the Market
According to the Bus Converter Market forecast, the Chassis-mounted held the largest market valuation of the largest section, Chassis-mounted, is anticipated to continue growing at the highest rate over the projected period owing to the rise of the Bus Converter sector. Chassis-mounted bus converters refer to power conversion devices designed to be mounted directly onto the chassis or frame of an electronic system or equipment. These converters are typically used in applications where space is limited, and the converter needs to be securely attached to the equipment's structure. Chassis-mounted bus converters offer advantages such as ease of installation, robust mechanical stability, and efficient heat dissipation.
Additionally, Vicor's New Product launch 2022, BCM6135 65A BCM® Bus Converter, that is available in a chassis-mount CM-ChiPTM package, is a high-efficiency isolated fixed-ratio DC-to-DC converter. This converter generates an isolated ratio metric 32.5VDC to 51.3VDC low-side bus from a 260VDC to 410VDC high-voltage bus. This converter functions as a powerful capacitance multiplier and has a megahertz bandwidth and low series impedance. Capacitance multiplication frees up space at the point of load while reducing the size and quantity of capacitors used by 48V point-of-load regulators.
Increasing the technological developments in manufacturing facilities is one of the drivers fuelling the growth of the Bus Converter Market.
The increasing demand for cutting-edge bus converters is being driven by the expanding technical improvements in manufacturing facilities. These converters are essential for enhancing energy efficiency, power distribution, and the dependable, high-quality functioning of industrial machinery. The Bus Converter Market is positioned for continued growth as manufacturers look for cutting-edge power solutions to meet their changing needs as the manufacturing industry continues to evolve and embrace digitalization and automation. Additionally, the quarter brick, bus converters from Murata Power Solutions' DRQ-8/100-L48xx series are being introduced by Murata. These converters were created especially for applications involving highly reliable infrastructure equipment. The high-power density requirements for highly reliable networking and telecommunications infrastructure equipment are met by the DRQ series, which is created to deliver 800W at 55°C. The Vin range of the fully regulated DRQ-8/100-L48xx bus converters is 36 to 60 Vdc, and they give 8Vout at 100A. The secondary point of load regulators' efficiency will be improved with an output voltage of 8V regulation, raising the power system's total efficiency. Lower temperatures, lower running costs, and more system reliability all result from increased efficiency.
Grow in the Telecommunications industry.
The demand for advanced bus converters continues to be driven by the expanding use of telecommunications infrastructure and services. These types of converters are essential in making sure that wireless communication facilities, data centers, and telecommunications networks operate dependably and effectively. The Bus Converter Market is anticipated to increase steadily as telecommunications technology becomes increasingly more widespread. Additionally, in order to convert 48V electricity for use in computing and telecommunications applications, Advanced Energy Industries introduced its first non-isolated bus converter in 2022. The quarter brick Artesyn NDQ900 DC-DC converter operates at up to 900 W with efficiency as high as 97%, has a single, regulated 12.25 V output, and includes a PMBus digital interface for adaptable digital control and monitoring. The NDQ900 NIBC offers a broad 40 V to 60 V DC input range and is intended for high-power computer, networking, telecommunications, data storage, and test and measurement applications that demand a regulated 48 V to 12 V bus conversion. The quarter-brick module will perform best in terms of power conversion for a variety of loads thanks to a flat efficiency curve.
Bus Converters Production shortage hamper the market growth.
Bus converter production constraints seriously impede market expansion. Component shortages, supply chain problems, and supply-demand imbalances lead to interruptions, price hikes, and market share losses. Companies need to diversify their suppliers, make their supply chains more resilient, and spend money on advanced planning to mitigate this. Increased production capacity, judicious stockpiling, and cooperative alliances can all aid with shortage relief. For controlling expectations, open communication with clients about lead times is essential. Even in the face of production barriers, this factor impedes the Bus Converter Market growth.
Bus Converter Market Share (%) By Region, 2022
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Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Bus Converter Market. The top 10 companies in this industry are listed below:
- ABB Power Electronics Inc.
- Artesyn Embedded Power
- Bel Power Solutions
- CUI Inc.
- Delta Electronics
- Flex Power Modules
- Intel
- Murata Power Solutions Inc.
- TDK-Lambda Americas Inc
- Vicor Corporation
Scope of the Report:
| Report Metric | Details |
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Base Year Considered |
2022 |
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Forecast Period |
2023–2030 |
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CAGR |
11.2% |
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Market Size in 2030 |
$7.1 billion |
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Segments Covered |
Type, Form Factor, End Use and Region |
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Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
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Key Market Players |
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1. Bus Converter Market - Overview
1.1 Definitions and Scope
2. Bus Converter Market - Executive Summary
3. Bus Converter Market - Comparative Analysis
3.1 Company Benchmarking
3.2 Global Financial Analysis
3.3 Market Size Analysis
3.4 Patent Analysis
3.5 Pricing Analysis
4. Bus Converter Market - Start-up Companies Scenario
4.1 Key Start-up Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Bus Converter Market – Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Case Studies of Successful Ventures
6. Bus Converter Market - Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Bus Converter Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Bus Converter Market – By Type
8.1 Isolated
8.1.1 Market Trends by Region
8.1.2 Market Size & Forecast by Region
8.2 Non-isolated
8.2.1 Market Trends by Region
8.2.2 Market Size & Forecast by Region
9. Bus Converter Market – By Form Factor
9.1 Module/Brick Format
9.1.1 Market Trends by Region
9.1.2 Market Size & Forecast by Region
9.2 Chassis Mount
9.2.1 Market Trends by Region
9.2.2 Market Size & Forecast by Region
9.3 Enclosed
9.3.1 Market Trends by Region
9.3.2 Market Size & Forecast by Region
9.4 Discrete
9.4.1 Market Trends by Region
9.4.2 Market Size & Forecast by Region
9.5 Open Frame
9.5.1 Market Trends by Region
9.5.2 Market Size & Forecast by Region
10. Bus Converter Market – By End Use
10.1 Electronics
10.1.1 Market Trends by Region
10.1.2 Market Size & Forecast by Region
10.2 Automotive
10.2.1 Market Trends by Region
10.2.2 Market Size & Forecast by Region
10.3 Industrial
10.3.1 Market Trends by Region
10.3.2 Market Size & Forecast by Region
10.4 Telecommunications
10.4.1 Market Trends by Region
10.4.2 Market Size & Forecast by Region
10.5 Aerospace and Défense
10.5.1 Market Trends by Region
10.5.2 Market Size & Forecast by Region
10.6 Consumer Electronics
10.6.1 Market Trends by Region
10.6.2 Market Size & Forecast by Region
10.7 Medical Devices
10.7.1 Market Trends by Region
10.7.2 Market Size & Forecast by Region
10.8 Others
10.8.1 Market Trends by Region
10.8.2 Market Size & Forecast by Region
11. Bus Converter Market -By Geography
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia & New Zealand
11.3.6 Rest of Asia-Pacific
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Chile
11.4.4 Colombia
11.4.5 Rest of South America
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Bus Converter Market - Entropy
12.1 New product launches
12.2 M&A’s, collaborations, JVs and partnerships
13. Bus Converter Market – Industry/Segment Competition Landscape
13.1 Market Size Analysis
13.1.1 Global Market Size – Key Companies
13.1.2 Market Size by Region – Key companies
13.1.3 Market Size by Countries – Key Companies
13.2 Competition Matrix
13.3 Best Practices for Companies
14. Bus Converter Market – Key Company List by Country Premium
15. Bus Converter Market - Company Analysis
15.1 ABB Power Electronics Inc.
15.2 Artesyn Embedded Power
15.3 Bel Power Solutions
15.4 CUI Inc.
15.5 Delta Electronics
15.6 Flex Power Modules
15.7 Intel
15.8 Murata Power Solutions Inc.
15.9 TDK-Lambda Americas Inc
15.10 Vicor Corporation
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Bus Converter Market is projected to grow at 11.2% CAGR during the forecast period 2023-2030.
Bus Converter Market size is projected to reach $7.1 billion by 2030
The Top Companies in the Bus Converter Market ABB Power Electronics Inc., Artesyn Embedded Power, Bel Power Solutions, CUI Inc., Delta Electronics, Flex Power Modules, Intel, Murata Power Solutions Inc., TDK-Lambda Americas Inc, Vicor Corporation and others.
Bus converter producers are well-positioned to benefit from these driving factors provided they can provide high-efficiency, compact, and dependable solutions while adjusting to industry-specific needs. some of the major Bus Converter Market trends in the industry which will create growth opportunities for the market during the forecast period.
Bus converter manufacturers that can offer high-efficiency, compact, and reliable solutions while adapting to industry-specific needs are well-positioned to capitalize on these driving factors and opportunities within the market.