Switch Mode Power Supply Transformers Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
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.

Sizing and Forecast
The switch mode power supply transformers market size has grown steadily in recent years. It will grow from <b>$1.86 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. </b> 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 <b>$2.35 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. </b> 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 .

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Segmentation & Regional Insights
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

<b>North America</b> was the largest region in the switch mode power supply transformers market in 2023. <b>Asia-Pacific</b> is expected to be the fastest growing region in the forecast period. The regions covered in the switch mode power supply transformers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the switch mode power supply transformers market include <b> 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. </b>

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

Top Major Players:

ABB Group

APX Inc

nfineon Technologies AG

Omron Corporation

Premier Magnetics

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