The global Switch Mode Power Supply Transformers market size is expected to be worth around US$ 1.10 billion by 2028, according to a new report by Vision Research Reports.
The global Switch Mode Power Supply Transformers market size was valued at US$ 1.8 billion in 2020 and is anticipated to grow at a CAGR of 2.2% during forecast period 2021 to 2028.
Growth Factors
increase in the number of across the globe is augmenting the demand for the device. Additionally, high efficiency, compact size, and lower costs have led to the rise in the popularity of switch-mode power supply (SMPS) transformers.
Besides consumer electronics, SMPS transformers are widely used in applications such as machine tools, railway systems, industrial controls systems, security systems used in offices, railways systems, and Thus, the increasing adoption of the above-mentioned applications is expected to increase the demand. Moreover, the advent of electric vehicles is anticipated to upkeep market growth over the forecast period.
The market is fragmented, with several well-established companies competing with each other and growing competition from small scale local players. Companies are focusing on providing products specific to applications and targeting niche customers to stay ahead in the competition. For instance, in May 2019, Pulse Electronics launched a new product line of high isolation ethernet transformers. These new products were specially designed to cater to medical and industrial applications where safety and functionality are of prime importance, and the working voltages are high.
In addition to application-specific products, other strategies adopted by market players to sustain the intense competition in the market include product innovation, enhanced product portfolio, and mergers and acquisitions. However, the transformers' high-frequency noise is expected to pose a challenge to market growth in the near future. Similarly, the market is expected to experience a slight slump caused by the outbreak of the COVID-19 pandemic that has resulted in supply chain disruption.
Report Highlights
The consumer electronics segment held the largest revenue share of 49.8% in 2020 and is anticipated to continue its dominance in the market for switch mode power supply over the forecast period. Electronics such as phone chargers, adapters, PCs, and refrigerators use switch mode power supply transformers to step down the high voltages and make them suitable for electronic gadgets. The rising number of smartphones across the globe aid in boosting the demand for phone chargers. Similarly, the demand for other is also rising, contributing to the segment’s revenue share.
In addition to consumer electronics, the application segment includes communications, industrial, and other applications. The industrial segment is projected to witness a CAGR of almost 2.05% from 2020 to 2027. The high growth rate is attributable to the increasing number of automotive production across the globe. Additionally, increasing usage of industrial control systems and machine tools are also expected to drive the growth of the industrial segment.
The AC to DC segment accounted for 46.9% revenue share in 2020 and is projected to grow at a substantial rate in the switch mode power supply transformers market in the next seven years. AC to DC switch mode power supply is used to convert AV voltages from a power source to a regulated DC voltage as per the requirements of the component utilizing the power. AC to DC switch mode power supply is widely used in consumer electronics that are connected to switches and require specific DC voltages. Thus, the increasing usage of consumer electronics is anticipated to propel the demand for AC to DC switch mode power supply.
The DC to DC segment is expected to record a substantial growth from USD 509.10 million in 2020 to 544.1 million in 2027 in the market for switch mode power supply. DC to DC power supply is called converters as they are used to step up or step down voltages, i.e. it converts an input DC voltage to a greater/lower output voltage level. The major applications of DC to DC switch mode power supply are car chargers and portable chargers that source power from sources such as a car battery. Increasing technological advancements in electronics components that allow portability and mobile charging is anticipated to be a major driving factor for the segment.
Asia Pacific accounted for more than 33.0% revenue share in 2020. Large populations of countries like China and India translate to increased demand for electronic components. Additionally, countries like Taiwan, Singapore, and other Asian countries are home to the manufacturing sites of several electronic component manufacturers across the globe. Thus, the high population coupled with the high demand from the manufacturing centers, the region is expected to continue its dominance from 2020 to 2027.
North America is projected to witness a CAGR of over 2.06% in the next seven years. This growth can be attributed particularly to the noteworthy adoption of technology in the automotive industry. Automobiles with enhanced features that incorporate the ability to charge electronics using car batteries are driving the demand for DC to DC switch mode power supply in the region. The region is also home to companies such as Pulse Electronics, Triad Magnetics, and APX Technologies, Inc., which adds to the revenue share of the region.
Key Players
Infineon Technologies AG
TDK Electronics AG
Sumida Corporation
Tamura Corporation
Pulse Electronics
Market Segmentation
Type Outlook
AC to DC
DC to DC
DC to AC
AC to AC
Application Outlook
Communications
Industrial
Consumer Electronics
Others
Regional Outlook
North America
The U.S.
Canada
Europe
The U.K.
Germany
France
Asia Pacific
China
India
Japan
Korea
Latin America
Brazil
Mexico
Middle East & Africa
The Switch Mode Power Supply Transformers market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Switch Mode Power Supply Transformers market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Switch Mode Power Supply Transformers market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Switch Mode Power Supply Transformers market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Switch Mode Power Supply Transformers market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Switch Mode Power Supply Transformers capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Switch Mode Power Supply Transformers by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Switch Mode Power Supply Transformers market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Switch Mode Power Supply Transformers market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Switch Mode Power Supply Transformers market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Switch Mode Power Supply Transformers industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Switch Mode Power Supply Transformers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Switch Mode Power Supply Transformers market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Switch Mode Power Supply Transformers market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Switch Mode Power Supply Transformers market. These factors have benefited the growth of the global market for Switch Mode Power Supply Transformers. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Switch Mode Power Supply Transformers. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Switch Mode Power Supply Transformers are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers