Press release
Switch Mode Power Supply Transformers Market Size, Share, Regional Overview Industry Analysis And Forecast To 2033
Switch Mode Power Supply Transformers Market
Switch Mode Power Supply Transformers Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2.35 billion In 2028 At A CAGR Of 4.9% :
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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Switch Mode Power Supply Transformers Market Major Segments
The switch mode power supply transformers market covered in this report is segmented -
1) By Type: AC to DC, DC to DC, DC to AC, AC to DC
2) By Voltage: Distribution Voltage, Sub-Transmission Voltage, High Voltage Transmission, Extra High Voltage Transmission, Ultra-High Voltage Transmission
3) By End-User: Consumer Electronics, Communications, Industrial, Other End-Users
Key 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.
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Prominent 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.
Switch Mode Power Supply Transformers Market Players
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, Рrіѕоurсе 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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Largest And Fastest Growing Region In The Market
North America was the largest region in the switch mode power supply transformers market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the switch mode power supply transformers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Switch Mode Power Supply Transformers Market Report Structure
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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