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).
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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
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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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