Switch Mode Power Supply Transformers Market

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Switch Mode Power Supply Transformers Market Size, Growth Rate, And Forecast
The global switch mode power supply transformers market size grew from $1.58 billion in 2022 to $1.5 billion in 2023 at a compound annual growth rate (CAGR) of -4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The switch mode power supply transformers market is expected to grow from $1.24 billion in 2027 at a CAGR of -4.6%.
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Switch Mode Power Supply Transformers Market Drivers
The growing demand from end-users for consumer electronics in the power supply transformer market is expected to propel the growth of the switch mode power supply transformers market during the forecast period. The demand is mostly due to the switch mode power supply's (SMPS) superior performance over linear regulators, as the switching transistor consumes less power when working as a switch. Almost all electrical gadgets are fitted with switched-mode power supplies. For example, according to the Economic Times, an India-based daily newspaper, in India, from smartphones to washing machines to wearable devices, the overall consumer electronics and appliance market gained 9% in calendar 2021 compared to pre-pandemic 2019. Further, computer sales increased by 87% in 2021 compared to 2019, while major appliances such as refrigerators, air conditioners, and washing machines increased by 10%, kitchen and small appliances increased by 13%, and overall mobile phone sales increased by 4%. Also, smartphone sales increased by 8%. Therefore, the growing demand from end-users for consumer electronics is driving the growth of the switch-mode power supply transformer market.

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Switch Mode Power Supply Transformers Market Segments
• By Type: AC to DC, DC to DC, DC to AC, AC to DC

• By Voltage: Distribution Voltage, Sub-Transmission Voltage, High Voltage Transmission, Extra High Voltage Transmission, Ultra-High Voltage Transmission

• By End-User: Consumer Electronics, Communications, Industrial, Other End-Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the switch mode power supply transformers market.

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Switch Mode Power Supply Transformers Market Key Players
Major competitors in the switch mode power supply transformers market include ABB Group, APX Inc., Infineon Technologies AG, Omron Corporation, Premier Magnetics, Salcomp PLC, Schneider Electric SE, Siemens AG, Sumida Corporation, Tamura Corporation, TDK Corporation, TISCI Srl, Yageo Corporation, Sed Electronics, Jiangsu Jewel, Kunshan Hengyi, MYRRA Sas, and Stontronics.

The Business Research Company's "Global Switch Mode Power Supply Transformers Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Switch Mode Power Supply Transformers Market Include:
1. Executive Summary
2. Switch Mode Power Supply Transformers Market Characteristics
3. Switch Mode Power Supply Transformers Market Trends And Strategies
4. Switch Mode Power Supply Transformers Market - Macro Economic Scenario
5. Switch Mode Power Supply Transformers Market Size And Growth
……
26. Africa Switch Mode Power Supply Transformers Market
27. Switch Mode Power Supply Transformers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Switch Mode Power Supply Transformers Market
29. Switch Mode Power Supply Transformers Market Future Outlook and Potential Analysis
30. Appendix

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