Global Switch Mode Power Supply Transformers Market - Business Statistics, Industry Trends, Emerging Technologies, Growth Challenges, Forecast To 2033
The Switch Mode Power Supply
Transformers Global Market Report 2024 by The Business Research Company
provides market overview across 60+ geographies in the seven regions -
Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the
Middle East, and Africa, encompassing 27 major global industries. The report
presents a comprehensive analysis over a ten-year historic period (2010-2021)
and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Switch Mode
Power Supply Transformers Market:
According to The Business Research
Company’s Switch Mode Power Supply Transformers Global Market Report 2024, 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 .
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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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
Top Major Players
ABB Group
APX Inc
Infineon Technologies AG
Omron Corporation
Premier Magnetics
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 switch mode power supply
transformers market report table of contents includes:
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. Global Switch Mode Power Supply
Transformers Market Size and Growth
...........................
31. Global Switch Mode Power
Supply Transformers Market Competitive Benchmarking
32. Global Switch Mode Power
Supply Transformers Market Competitive Dashboard
33. Key Mergers And Acquisitions
In The Switch Mode Power Supply Transformers Market
34. Switch Mode Power Supply
Transformers Market Future Outlook and Potential Analysis
35. Appendix
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