Switch Mode Power Supply Transformers Global Market Report 2024

Switch-mode power supply (SMPS) transformers are a specific type of transformer employed in various devices, notably in computers. These transformers are commonly utilized in commercial and industrial settings to power electronic equipment like medical devices, communication devices, and commercial power supplies. Their primary function lies in regulated power supply, where they play a crucial role in stepping up or down voltage or current and providing isolation between the input and output sides.

There are several types of switch-mode power supply transformers, including AC to DC, DC to AC, DC to AC, and AC to DC. The AC to DC variant, for instance, is designed to convert alternating current (AC) main power into direct current (DC) output voltage with high efficiency. Upon powering up, the AC main power undergoes filtration through a capacitor, transforming it from AC voltage to unregulated DC voltage using rectifiers. The switch-mode transformer then converts this unregulated DC voltage into a regulated DC output voltage at various levels using a regulator. These transformers are crucial in different voltage categories, such as distribution voltage, sub-transmission voltage, high voltage transmission, extra high voltage transmission, and ultra-high voltage transmission. They cater to diverse end-users, including consumer electronics, communications, industrial applications, and more.

The switch mode power supply transformers market research report is one of a series of new reports that provides switch mode power supply transformers market statistics, including switch mode power supply transformers industry global market size, regional shares, competitors with a switch mode power supply transformers market share, detailed switch mode power supply transformers market segments, market trends and opportunities, and any further data you may need to thrive in the switch mode power supply transformers industry. This switch mode power supply transformers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 observed during the historical period can be attributed to several factors, including the expansion of the electronics industry, efforts in cost reduction, a focus on customization and specialization, the enhancement of supply chain resilience, and the 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 anticipated growth in the forecast period can be attributed to the expansion of renewable energy sources, the growth of the electric vehicle market, widespread adoption of IoT and 5G technologies, increased digitalization and reliance on cloud computing, and the modernization of electric grids. Major trends expected during this period encompass advancements in magnetic core materials, the utilization of multi-output transformers, innovative designs for high-frequency transformers, the integration of wide-bandgap semiconductors, and the continued adoption of IoT and 5G technologies.

The switch mode power supply transformer market is anticipated to experience growth in the forecast period, primarily driven by the increasing demand from end-users for consumer electronics. This demand is attributed to the superior performance of switch mode power supplies (SMPS) over linear regulators, with their switching transistors consuming less power when operating as a switch. Nearly all electrical devices incorporate switched-mode power supplies. In India, for instance, the overall consumer electronics and appliance market witnessed a 9% growth in calendar year 2021 compared to pre-pandemic levels in 2019. The surge includes an 87% increase in computer sales, a 10% rise in major appliances like refrigerators and air conditioners, a 13% growth in kitchen and small appliances, and a 4% increase in mobile phone sales, with an 8% growth in smartphone sales. This increasing demand for consumer electronics is a significant driver of the switch-mode power supply transformer market.

The growth in renewable energy sources and applications is expected to further propel the switch mode power supply market. Renewable energy, characterized by its sustainability and minimal environmental impact, is harnessed from naturally replenishable sources. Switch mode power supply transformers play a crucial role in efficiently converting and managing electrical energy in renewable energy systems, facilitating the transformation of variable and intermittent sources like solar and wind power into stable and usable electrical power. According to a report by the International Energy Agency in March 2023, renewable energy sources, including solar and wind power, are projected to meet over 90% of the global increase in energy demand by 2025. This trend is set to drive the demand for switch mode power supply transformers.

The switch mode power supply transformers market is also witnessing the development of eco-friendly product variants. Companies are adopting product assessment standards that prioritize minimal environmental impact throughout the product lifecycle. For example, Hitachi Energy introduced the RESIBLOC Rail 25 kV and Natural Cooling Effilight Traction Transformer, enhancing reliability and reducing operating costs through a sustainable, natural cooling system that replaces traditional fan-based cooling.

Major players in the market are innovating with new technological products, such as the current sense transformer (CST), to enhance profitability. CSTs are used for measuring current in a conductor while providing isolation. Würth Elektronik launched a Current Sense Transformer in May 2023, specifically designed for switch mode power supply (SMPS) applications, ideal for various applications including AC current detection, load measurement, and high-frequency current sensing.

In December 2021, The YAGEO Group acquired Chilisin Electronics Corporation, aligning with the goal of delivering a comprehensive shopping experience and supporting clients' supply chain optimization efforts. Chilisin Electronics Corporation specializes in the production of inductors, power transformers, RF components, and Ethernet transformer products.

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.

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 global switch mode power supply transformers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the switch mode power supply transformers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The switch mode power supply market consists of sales of the buck-switching regulator, boost switching regulator, and buck-boost switching regulator. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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