The global market for Switching Mode Power Supply is estimated at US$25.5 Billion in 2023 and is projected to reach US$34.6 Billion by 2030, growing at a CAGR of 4.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the Switching Mode Power Supply market is driven by several factors. The increasing demand for energy-efficient power solutions in various industries, including consumer electronics, automotive, and telecommunications, is a primary driver. Technological advancements in semiconductor devices and power management technologies have enabled the development of more efficient and compact SMPS units, enhancing their adoption across multiple applications. The proliferation of electronic devices and the expansion of renewable energy systems, which require efficient power conversion and management, further propel the market. Additionally, the growing trend towards miniaturization and the need for reliable power supplies in critical applications, such as medical devices and data centers, contribute to the robust demand for SMPS. Consumer behavior trends, such as the preference for portable and battery-operated devices, also support the market`s growth.
The growth in the Switching Mode Power Supply market is driven by several factors. The increasing demand for energy-efficient power solutions in various industries, including consumer electronics, automotive, and telecommunications, is a primary driver. Technological advancements in semiconductor devices and power management technologies have enabled the development of more efficient and compact SMPS units, enhancing their adoption across multiple applications. The proliferation of electronic devices and the expansion of renewable energy systems, which require efficient power conversion and management, further propel the market. Additionally, the growing trend towards miniaturization and the need for reliable power supplies in critical applications, such as medical devices and data centers, contribute to the robust demand for SMPS. Consumer behavior trends, such as the preference for portable and battery-operated devices, also support the market`s growth.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Consumer Electronics Application segment, which is expected to reach US$16.8 Billion by 2030 with a CAGR of a 5.3%. The Industrial Application segment is also set to grow at 3.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $7.9 Billion in 2023, and China, forecasted to grow at an impressive 5.3% CAGR to reach $4.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Switching Mode Power Supply Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Switching Mode Power Supply Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Switching Mode Power Supply Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Allis Electric Co., Ltd., B&K Precision Corporation, CUI, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 118 Featured):
- Allis Electric Co., Ltd.
- B&K Precision Corporation
- CUI, Inc.
- Absopulse Electronics Ltd.
- BENNING Elektrotechnik und Elektronik GmbH & Co. KG
- Block Transformatoren-Elektronik GmbH
- American Portwell Technology, Inc.
- Artesyn Embedded Power
- Apx Technologies, Inc.
- Bicker Elektronik GmbH
- CET Technology LLC
- Coil Winding Specialist, Inc.
- Chenglian
- COTEK ELECTRONIC IND. CO., LTD
- Cabur
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREATAIWANREST OF ASIA-PACIFICREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
INDIA
LATIN AMERICA
Companies Mentioned
- Allis Electric Co., Ltd.
- B&K Precision Corporation
- CUI, Inc.
- Absopulse Electronics Ltd.
- BENNING Elektrotechnik und Elektronik GmbH & Co. KG
- Block Transformatoren-Elektronik GmbH
- American Portwell Technology, Inc.
- Artesyn Embedded Power
- Apx Technologies, Inc.
- Bicker Elektronik GmbH
- CET Technology LLC
- Coil Winding Specialist, Inc.
- Chenglian
- COTEK ELECTRONIC IND. CO., LTD
- Cabur
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 421 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 25.5 Billion |
| Forecasted Market Value ( USD | $ 34.6 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
