11, 2023 (GLOBE NEWSWIRE) - As per the research report “Global Converter Modules Market” published by Consegic Business Intelligence, the market was worth USD 10,366.84 Million in 2022, projected to grow by 10,774.78 Million in 2023, and is anticipated to reach over USD 17,508.34 Million by the year 2031, growing at a CAGR of 7.2 %.Ĭonverter modules are devices used for conversion of electricity from one form to another or to specific values of voltage and current of the target device.
Converter Modules Market is projected to register a CAGR of 7.2% during 2023-2031, due to its increasing demand from IT & telecommunication, aerospace & defense, and automotive sectors among others, and major participants includes are RECOM Power GmbH, TDK Corporation, Vicor Corporation, Texas Instruments Incorporated, ABB Ltd., Flex Ltd.
