Bus Converter Market - Forecast(2024 - 2030)

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.

The “Bus Converter Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Bus Converter Market.

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.

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.

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.

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.

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.

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 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.

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:

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