What Fueled The Previous Growth In The Switch Mode Power Supply Transformers Market?
The switch mode power supply transformers market has seen considerable growth due to a variety of factors.
• The market for switch mode power supply transformers has seen consistent growth over the past few years. The market will expand from a size of $1.91 billion in 2024, to reach $1.98 billion in 2025, at a compound annual growth rate (CAGR) of 3.6%.
The growth in previous times was influenced by factors such as the rise of the electronics industry, reduction in costs, the availability of customization and specialization, resilience in the supply chain, as well as a global increase in electronics production.
What Is The Expected Growth In The Switch Mode Power Supply Transformers Market Size?
The switch mode power supply transformers market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of the switch mode power supply transformers is forecasted to expand significantly in the following years, reaching a valuation of $2.42 billion by 2029, with a compound annual growth rate (CAGR) of 5.2%.
This anticipated rise stems from several factors comprising expansion of renewable energy, growth in the electric vehicle market, adoption of IoT and 5G technology, digitalization progression, cloud computing, and upgrades in the electric grid. Period trends to observe include the use of sophisticated magnetic core materials, multi-output transformers, designs for high-frequency transformers, adoption of wide-bandgap semiconductors, and the increased use of IoT and 5G technologies.
What Are the Critical Driver Fuelling the Switch Mode Power Supply Transformers Market's Growth?
The surge in requirement for consumer electronics from end users in the power supply transformer market is predicted to bolster the expansion of the switch mode power supply transformers market throughout the projected timeframe. This demand principally stems from the superior functioning of the switch mode power supply (SMPS) over linear regulators, due to the lower power consumption of the switching transistor in its role as a switch. It's notable that virtually all electric appliances are equipped with switched-mode power supplies. For example, Demandsage, a US-based automated reporting firm utilizing data science for genuine insights, stated that in December 2023, approximately 6.6 billion individuals globally used smartphones. These figures represent a year-on-year increase of 4.2%. As a result, the escalating demand for consumer electronics from end users is triggering the rise of the switch-mode power supply transformer market.
How Is the Switch Mode Power Supply Transformers Market segmented?
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
Subsegments:
1) By AC To DC: Isolated AC To DC Transformers, Non-Isolated AC To DC Transformers
2) By DC To DC: Step-Up DC To DC Transformers, Step-Down DC To DC Transformers
3) By DC To AC: Inverter Transformers, Multilevel DC To AC Transformers
4) By AC To AC: Transformer For AC Voltage Regulation, Isolation Transformers For AC Applications
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What New Trends Are Influencing the Switch Mode Power Supply Transformers Market?
Prominent companies in the switch mode power supply transformers market are focusing on product innovation to cater to stringent needs, emphasizing on higher efficiency, minimized sizes, and better heat control. An example of this is the introduction of a new range of low-profile, space-grade planar transformers by Vishay Intertechnology Inc., an American semiconductor manufacturer, in May 2024. These transformers, designed specifically for power conversion applications, are expected to be employed in switch mode power supplies, as well as in DC/DC and AC/DC converters. As members of the SGTPL-2516 series, these transformers stand out due to their cost-efficiency, compactness and enhanced density, outshining traditional planar transformers.
Who Are the Key Players in the Switch Mode Power Supply Transformers Market?
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
• ?r???ur?? 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.
What Is The Most Dominant Region In The Switch Mode Power Supply Transformers Market?
North America was the largest region in the switch mode power supply transformers market in 2024. 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 include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
