- The point-of-load (PoL) converter is a non-isolated step-down voltage regulator, small single-in-line packaged device designed to sit close to the load circuits on boards.
- Point-of-load (PoL) converters are majorly used in microprocessors for computers, GPS systems, cell phones, PDAs, and other portable electronic devices.
- Point-of-load (PoL) converters are segmented based on topology, input voltage, output power, end-use industry, and region.
Rise in Demand from the Automotive Sector
- By end-use industry, the automotive segment is expected to be the fastest growing segment of the global point-of-load (PoL) converter market during the forecast period.
- Next-generation eco-cars are popular and highly effective in reducing hazardous substances in exhaust emissions and also reduce carbon emissions. These next-generation eco-cars are made by utilizing circuit and design technologies gained through technological advancement and development using point-of-load (PoL) converter and other electronic devices, which is likely to propel the growth of the global point-of-load (PoL) converter market during the forecast period.
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- Moreover, the adoption of electric vehicle point-of-load (PoL) converters enable interface between electric power and voltage levels, which also boosts the demand for point-of-load (PoL) converters in automotive applications.
- Regulations and safety standards are hindering the growth of the global point-of-load (PoL) converter market. However, the rising adoption of 5G technology in developing countries is projected to create lucrative opportunities for the global point-of-load (PoL) converter market during the forecast period.
Asia Pacific to Lead the Point-of-Load (PoL) Converter Market
- In terms of region, the global point-of-load (PoL) converter market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Asia Pacific is expected to witness highest growth in the point-of-load (PoL) converter market throughout the forecast period due to the rising demand for electronics applications such as laptops and cellphones in the region.
- Moreover, major Asian countries such as China, Japan, South Korea, Australia, and Singapore are focusing on upgrading their network infrastructure to boost 5G infrastructure, which will ultimately drive the demand for 5G-enabled devices in the telecommunication industry and propel the growth of the point-of-load (PoL) converter market during the forecast period.
- Additionally, the growing automotive industry in the Asia Pacific region also boosts the demand for point-of-load (PoL) converters in the region.
- The market in North America and Europe is expected to expand at a substantial rate during the forecast period due to the growing demand for point-of-load (PoL) converters.
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- On the other hand, the market in Middle East & Africa, and South America is estimated to expand at a moderate pace during the forecast period.
Key Players Operating in the Global Point-of-Load (PoL) Converter Market
The global point-of-load (PoL) converter market was highly fragmented in 2019. Major players operating in the global market are focusing on technological advancements and expansion to meet the rising demand for point-of-load (PoL) converters. Moreover, manufacturers are undertaking mergers and acquisitions for the development of innovative products.
