Press release
Switch Mode Power Supply Transformers Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | ABB Group, APX Inc., Infineon Technologies AG, Omron Corporation, Premier Magnetics, Salcomp plc
Switch Mode Power Supply Transformers Market Share
The Business Research Company offers in-depth market insights through Switch Mode Power Supply Transformers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The switch mode power supply transformers market size has grown steadily in recent years. It will grow from $1.86 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to electronics industry growth, cost reduction, customization and specialization, supply chain resilience, global expansion of electronics manufacturing.
The switch mode power supply transformers market size is expected to see steady growth in the next few years. It will grow to $2.35 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to renewable energy expansion, electric vehicle market growth, iot and 5g adoption, digitalization and cloud computing, electric grid modernization. Major trends in the forecast period include advanced magnetic core materials, multi-output transformers , high-frequency transformer designs ,wide bandgap semiconductors, iot and 5g adoption .
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Market Segmentation:
The main types of switch-mode power supply transformers are AC to DC, DC to AC, DC to AC, and AC to DC. The AC to DC type is used to convert alternating current (AC) main power to direct current (DC) output voltage with excellent efficiency. When the power is turned on, the AC main power is filtered through a capacitor, allowing it to be transformed from AC voltage to unregulated DC voltage using rectifiers. The switch-mode transformer subsequently turns this unregulated DC voltage into a regulated DC output voltage at various voltage levels using a regulator. It has different voltages such as distribution voltage, sub-transmission voltage, high voltage transmission, extra high voltage transmission, ultra-high voltage transmission, that includes various end-users such as consumer electronics, communications, industrial, and others.
Major Driver - Consumer Electronics Surge Powers Switch-Mode Power Supply Transformers Market
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 suppl''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.
Competitive Landscape:
Major companies operating 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, Zhongce E.T Electronics Co. Ltd, ?r???ur?? Electronics Pvt. Ltd., Special Electronics & Designs Inc., Hang Tung Electronic Technology Co. Ltd., Prisource Electronics Co. Ltd., Triad Magnetics, Butler Winding Inc., Goh Synergy Transformers Pte Ltd., Coil Winding Specialist Inc, Bel Fuse Inc., Delta Electronics Inc., Vishay Intertechnology Inc., Murata Manufacturing Co. Ltd., Eaton Corporation plc, Texas Instruments Inc., Tri-Mag Inc., Wabash Transformer Inc., Pacific Transformer Corp.
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Top Trend - Eco-Friendly Innovations In The Switch Mode Power Supply Transformers Market
The development of eco-friendly product variants is a key trend gaining popularity in the switch mode power supply transformers market. Product assessment standards such as developing and designing products with minimal total environmental impact by identifying significant environmental aspects throughout the product lifecycle during the concept and planning phase, making improvements in the development phase, and performing comprehensive assessments are followed as a means of creating environmentally conscious products. For instance, in June 2021, Hitachi Energy, a Switzerland-based global technology company, launched The RESIBLOC Rail 25 kV and Natural Cooling Effilight Traction Transformer to improve reliability and reduce total operating costs. Natural Cooling Effilight Traction Transformer (NCETT) replaces the traditional fan-based cooling system with natural and sustainable alternative with natural airflow of the train's motion.
The Table Of Content For The Market Report 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
…..
27. Switch Mode Power Supply Transformers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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