Charge Pump IC Market: Introduction
Charge pump IC, also called switched capacitor are DC-DC converters that use capacitors to store charge in order to change the voltage level. Charge pump IC can work like an inverter, splitter, or booster and is used to double voltages, triple voltages, half voltages, invert voltages, and fractionally multiply or scale up voltages in different electrical circuits.
Charge pump IC is primarily used in applications that require low current. It is mainly used to eliminate the magnetic fields and EMI that comes with an inductor or transformer.
The functional components required for charge pump ICs are a few. They work without inductors and other external components; they require only two capacitors for energy storage. The makes for small size of charge pump ICs to be a plus for their use.
Charge pump ICs serve to be a cost-effective alternative to conventional boost converters. They are effective to boost voltage under light load conditions for small, battery-operated and other low-power applications.
Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=82648 Rise in Demand in Electrical Controlled Applications
The consumer electronics industry has witnessed significant expansion. Rise in demand for household appliances, industrial automation, memory devices, smartphones and other major devices is driving the market for charge pump IC.
Thus, an increase in use of electrical devices is estimated to fuel the charge pump IC market during the forecast period.
Major applications of charge pump ICs are in lighting devices such as LEDs and LCD drivers. These lighting have replaced conventional lightning devices owing to their energy-efficient features.
Rise in Demand for Charge Pump IC Globally
Charge pump IC is mostly employed in low power electronics, which generates high output voltage from a low input voltage such as LCD or white LED drivers, which generate high bias voltage from a single low voltage supply
Charge pump IC is also utilized in NMOS memories and microprocessors to generate a negative voltage in order to reduce junction capacitance and increase circuit speed
It is used in vertical deflection circuit, in CRT monitors, to obtain maximum deviation, for the CRT coil needs, which eliminates the need for another voltage
North America to Hold Prominent Share of Global Market
North America is expected to hold a prominent share of the global market during the forecast period, owing to high usage of consumer electronics in the region
The market in Latin America and Middle East & Africa is projected to expand at a significant growth rate, owing to rapid digitization being witnessed in these regions