Transverter: Introduction

  • A transverter is a radio frequency device that is used in radio engineering as an up converter and a down converter in one unit. It is utilized in conjunction with transceivers in order to change the range of frequencies for communication.
  • In power engineering, transverters are universal electrical power converters that can combine, analyze, convert, and control any combinations of DC or AC power
  • In terms of product type, the two types of transverters are open loop and close loop. These are used in various sectors such as industrial, consumer electronics, automotive, and residential & commercial

Rise in Demand for Consumer Electronics

  • Transverters are largely employed in consumer electronics application. The consumer electronics segment is projected to expand during the forecast period.
  • Rise in disposable income and increase in spending on consumer electronic devices, such as smartphones, tablets, laptops, notebooks, and smart home accessories are boosting the global transverter market. Extensive usage of IoT technologies, technological advancements, and AI functions (voice recognition/controls) in TVs and set-top boxes are also driving the demand for transverters in consumer electronics.
  • Government support for the installation of set-top boxes in several countries all over world is estimated to fuel the segment
  • The automotive sector is anticipated to account for the second-largest share of the global transverter market owing to a rise in the demand for connectivity features, such as navigation systems, music system, Bluetooth, location tracker, and central locking systems in vehicles. An increase in number of automation solution installations in vehicles is expected to propel the demand for transverter.

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North America to Lead the Global Transverter Market

  • In terms of region, the global transverter market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • North America is anticipated to dominate the global transverter market during the forecast period, as a large number of manufacturers of transverters operate in the region
  • North America emerged as the leading regional market for transverter due to the adoption of advanced technologies, well-established telecommunication sector, rising disposable income, rising demand for better connectivity in the region
  • Asia Pacific holds the second largest share of the global transverter market due an increase in the demand from the consumer electronics industry. Particularly, China is anticipated investment heavily in new semiconductor fab projects.
  • The transverter market in Europe is expected to expand at a substantial rate during the forecast period. 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 Transverter Market

The global transverter market was highly fragmented in 2019. Major players operating in the global market are focusing on technological advancements and expansions to cater to the rising demand for transverters. Moreover, manufacturers are undertaking mergers and acquisitions for the development of innovative products.

Key players operating in the global transverter market are:

  • ABB Ltd.
  • LEM
  • CR Magnetic
  • Veris Industries
  • Siemens AG
  • Hobut
  • IME
  • Texas Instrument
  • Phoenix Contact
  • Johnson Controls
  • NK Technologies
  • American Aerospace Control (CR)
  • Topstek

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Global Transverter Market: Research Scope

Global Transverter Market, by Product Type

  • Open Loop
  • Closed Loop

Global Transverter Market, by Application

  • Industrial
  • Consumer Electronics
  • Automotive
  • Residential & Commercial
  • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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