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Switch Mode Power Supply Transformers Global Market Report 2023
Major players in the switch mode power supply transformers market are 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 (Pulse Electronics), ?r?m ??gn?t???, Zhongce E.
New York, March 07, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Switch Mode Power Supply Transformers Global Market Report 2023" - https://www.reportlinker.com/p06323473/?utm_source=GNW
T, ?r???ur?? Electronics Pvt. Ltd., ?ul?? ?l??tr?n???, ?r??d ??gn?t???, Sed Electronics, Jiangsu Jewel, Kunshan Hengyi, MYRRA Sas, and Stontronics.
The global switch mode power supply transformers market grew from $1.58 billion in 2022 to $1.5 billion in 2023 at a compound annual growth rate (CAGR) of -4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The switch mode power supply transformers market is expected to grow from $1.24 billion in 2027 at a CAGR of -4.6%.
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.
Switch-mode power supply (SMPS) transformers are a type of transformer that is utilized in devices such as computers.Commercial and industrial switch mode transformers are commonly used to power commercial and industrial electronic equipment such as medical devices, communication devices, and commercial power supplies.
It is used in the regulated power supply. Switch mode transformers step up or down voltage or current and provide isolation between the input and output sides.
North America was the largest region in the switch mode power supply transformers market in 2022.Asia-Pacific is expected to be the fastest growing region in the forecast period.
The regions covered in the switch mode power supply transformers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of switch-mode power supply transformers are AC to DC, DC to AC, DC to AC, and AC to DC.The AC to DC type is used to convert alternating current (AC) main power to direct current (DC) output voltage with excellent efficiency.
When the power is turned on, the AC main power is filtered through a capacitor, allowing it to be transformed from AC voltage to unregulated DC voltage using rectifiers.The switch-mode transformer subsequently turns this unregulated DC voltage into a regulated DC output voltage at various voltage levels using a regulator.
It has different voltages such as distribution voltage, sub-transmission voltage, high voltage transmission, extra high voltage transmission, ultra-high voltage transmission, that includes various end-users such as consumer electronics, communications, industrial, and others.
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 supply’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.
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 October 2020, FPS, a Taiwan-based power supply manufacturer, launched MIA IC, which helps cut costs and reduce energy consumption in a new efficient switching-mode power supply.With the implementation of the new eco-friendly product, less energy is converted, and less heat is expended.
Moreover, higher efficiency provides the benefit of saving money on electricity bills.
In December 2021, The YAGEO Group, a Taiwan-based electronic component manufacturing company, acquired Chilisin Electronics Corporation for an undisclosed amount.The acquisition will enable YAGEO to deliver a one-stop shopping experience, and it aligns with clients’ supply chain optimization efforts.
Chilisin Electronics Corporation is a Taiwan-based company that produces inductors, power transformers, RF components, and Ethernet transformer products.
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 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.
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.
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