Press release
Switch Mode Power Supply Transformers Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Switch Mode Power Supply Transformers Market
Anticipation of surge in the switch mode power supply transformers market is prompted by the increasing requirement of consumer electronics in the power supply transformer sector during the project period. This need primarily stems from the advanced performance of switch mode power supplies (SMPS) compared to linear regulators, due to the less power consumed by the switching transistor in its functioning as a switch. Switched-mode power supplies are utilized in virtually all electric devices. For example, Demandsage, a US-based automated reporting platform harnessing data science for authentic insight, stated in December 2023 that about 6.6 billion smartphone users existed globally in 2022. This user base witnessed a 4.2% rise compared to the previous year. As a result, the escalating demand for consumer electronics from end-users propels the growth of the switch-mode power supply transformer market.
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What is the projected compound annual growth rate (CAGR) of the switch mode power supply transformers market from 2025 to 2034, and what factors influence it?
The market for switch mode power supply transformers has been experiencing consistent growth over the past few years. An expansion from $1.91 billion in 2024 to $1.98 billion in 2025, with a compound annual growth rate (CAGR) of 3.6%, is anticipated. The surge during this historical frame can be linked to the expansion of the electronics industry, cost cutting measures, tailoring and specialization, resilience of the supply chain, and worldwide growth in electronics production.
Over the coming years, the switch mode power supply transformers market size is anticipated to experience significant growth. By 2029, the market is projected to reach $2.42 billion with a compound annual growth rate (CAGR) of 5.2%. The surge during the forecast period can be ascribed to the rise in renewable energy, developing electric vehicle market, 5g and iot integration, progression in digitalization and cloud computing, and the modernization of electric grids. The forecast period also presents major trends including advanced magnetic core materials, multi-output transformers, designs of high-frequency transformers, wide bandgap semiconductors, and the integration of iot and 5g.
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How are the latest trends influencing the growth of the switch mode power supply transformers market?
Leading firms in the switch mode power supply transformers market are developing innovative products such as space-grade planar transformers. These are tailored to fulfil stringent requirements by offering enhanced efficiency, minimized size, and superior thermal management. An illustrative example of these advancements was seen in May 2024, when the American semiconductor manufacturing company, Vishay Intertechnology Inc., unveiled a fresh line of compact, space-grade planar transformers, specifically crafted for power conversion applications. Intended for use in switch mode power supplies, DC/DC converters, and AC/DC converters, these transformers belong to the SGTPL-2516 series, distinguishing themselves through their decreased price, reduced size, and increased density when contrasted with standard planar transformers.
What are the major segments of the switch mode power supply transformers market and their role in driving growth?
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
Subsegments:
1) By AC To DC: Isolated AC To DC Transformers, Non-Isolated AC To DC Transformers
2) By DC To DC: Step-Up DC To DC Transformers, Step-Down DC To DC Transformers
3) By DC To AC: Inverter Transformers, Multilevel DC To AC Transformers
4) By AC To AC: Transformer For AC Voltage Regulation, Isolation Transformers For AC Applications
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Which regions are key players in the growth of the switch mode power supply transformers market?
North America was the largest region in the switch mode power supply transformers market in 2024. 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.
Who are the key firms paving the way for growth in the switch mode power supply transformers market?
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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What Is Covered In The Switch Mode Power Supply Transformers Global Market Report?
•Market Size Forecast: Examine the switch mode power supply transformers market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the switch mode power supply transformers market for a structured understanding.
•Key Players Overview: Analyze major players in the switch mode power supply transformers market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the switch mode power supply transformers market.
•Segment Contributions: Evaluate how different segments drive overall growth in the switch mode power supply transformers market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the switch mode power supply transformers market.
•Industry Challenges: Identify potential risks and obstacles affecting the switch mode power supply transformers market.
•Competitive Landscape: Review strategic developments in the switch mode power supply transformers market, including expansions, agreements, and new product launches.
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