Switch Mode Power Supply Transformers Market Size Report & Forecast

 The Switch Mode Power Supply Transformers Market is estimated to expand at a higher CAGR over the forecast period.

Request a free sample of this report

The factors driving growth of the Switch Mode Power Supply Transformers Market includes increasing deployment of switch mode power supply transformers at industrial controls systems, security systems used in offices and machine tools, growing popularity of electric vehicles, miniaturization of electronic components and improvements in the living standards. Moreover, rising need of Internet of Things (IoT), Artificial Intelligence (AI) and Machine Learning (ML) along with the growing demand for switch mode power supply transformers among manufacturing centers, are other factors propelling the market growth. In addition, light weight, and compact size features of switch mode power transformers, increasing investments by major players on research and development, rise in the launch of innovative products and growing population growth rates, are further contributing towards the market growth.

However, growth of the Switch Mode Power Supply Transformers Market is hindered due to disruptions in the global supply chain.

The leading players operating in the market are Infineon Technologies AG, Kunshan Hengyi Electrical Appliance Co., Ltd., Prem Magnetics, TDK Electronics AG, APX Technologies Inc., Butler Winding, Premier Magnetics, Inc., Prisource Electronics Co., Ltd., Coil Winding Specialist, Inc. and Hang Tung Electronic Technology Co., Ltd., among others.

Based on Type, the AC to DC segment is predicted to grow at a significant CAGR during the forecast period

AC to DC switch model power supply transformers is increasingly used in consumer electronics connected to switches which requires specific DC voltages, is pushing growth of the segment.

Based on Application, the Industrial segment is projected to grow at a robust CAGR over the forecast period

As per the Switch Mode Power Supply Transformers Market Report, growing demand for industrial control systems and machine tools and rapid growth in the production of automobiles, are propelling segment’s growth.

Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period

Government polices promoting the production of electric vehicles, increased adoption of advanced technologies by manufacturers, rapid urbanization, presence of the leading players such as Prisource Electronics Co. and Hang Tung Electronic Technology Co., Ltd., and high population growth rates, are some of the important factors augmenting the market growth in the North American region. 

Key Developments

·         In 2020, TDK Electronics AG introduced a new series of compact EPCOS SMT current sense transformers. These transformers can measure current up to 7 A at frequencies between 50 kHz and 1MHz.

·         In 2020, Infineon Technologies AG acquired the San Jose-based company, Cypress Semiconductor Corporation. With this acquisition, Infineon Technologies AG will gain access to connectivity components, microcontrollers, high-performance memories, and software ecosystems of Cypress Semiconductor Corporation and strengthen its geographical reach in the U.S. and Japan.

 Market Segmentation

Segmentation by Type

·         AC to DC

·         DC to DC

·         DC to AC

·         AC to AC

Segmentation by Application

·         Communications

·         Industrial

·         Consumer Electronics

·         Others

Segmentation by Region

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         North America

o   United States of America

o   Canada

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Location: United States

Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to...
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m...
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B...
Read more