Switch Mode Power Supply Transformers Market Growth & Trends

The global switch mode power supply transformers market size is expected to reach USD 1.8 billion by 2027, expanding at a CAGR of 2.1% from 2020 to 2027, according to a new report by Grand View Research, Inc. An increase in the number of consumer electronics across the globe is augmenting the demand for the device. Additionally, high efficiency, compact size, and lower costs have led to the rise in the popularity of switch-mode power supply (SMPS) transformers.

Besides consumer electronics, SMPS transformers are widely used in applications such as machine tools, railway systems, industrial controls systems, security systems used in offices, railways systems, and electric vehicles. Thus, the increasing adoption of the above-mentioned applications is expected to increase the demand. Moreover, the advent of electric vehicles is anticipated to upkeep market growth over the forecast period.

The market is fragmented, with several well-established companies competing with each other and growing competition from small scale local players. Companies are focusing on providing products specific to applications and targeting niche customers to stay ahead in the competition. For instance, in May 2019, Pulse Electronics launched a new product line of high isolation ethernet transformers. These new products were specially designed to cater to medical and industrial applications where safety and functionality are of prime importance, and the working voltages are high.

In India, smart grid project is being taken seriously by the government and multiple steps are taken to accomplish it in the country. These steps are making it essential for the country to procure several electrical components and SMPS transformers form an important part of that list. Projects like these in India and several other countries are bound to increase the demands in the market.

For Full Research Report On Switch Mode Power Supply Transformers Market Visit Here: https://www.grandviewresearch.com/industry-analysis/switch-mode-power-supply-transformers-market

Switch Mode Power Supply Transformers Market Report Highlights

• The AC to DC segment is projected to witness a CAGR of over 2.5% from 2020 to 2027 AC to DC SMPS transformers are primarily used in phone chargers and adapters, contributing to the high growth of the segment
• The industrial segment held a market share of more than 30.0% in 2019. This is attributable to the increasing use of vehicles that are equipped with SMPS transformers that allow DC to DC conversion of voltage.
• In Asia Pacific, the market is expected to witness a CAGR of 3.2% over the forecast period. Presence of several electronics manufacturing sites in countries like China, Taiwan, Korea, India, and Singapore is driving the market in the region
• The market is characterized by intense competition with the majority of the top players competing on product size and price to increase their market share.

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Switch Mode Power Supply Transformers Market Segmentation

Grand View Research has segmented the global switch mode power supply transformer market on the basis of type, application, and region:

Switch Mode Power Supply Transformers Type Outlook (Revenue, USD Million, 2016 - 2027)

• AC to DC
• DC to DC
• DC to AC
• AC to AC

Switch Mode Power Supply Transformers Application Outlook (Revenue, USD Million, 2016 - 2027)

• Communications
• Industrial
• Consumer Electronics
• Others

Switch Mode Power Supply Transformers Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• The U.S.
• Canada
• Europe
• The U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Korea
• Latin America
• Brazil
• Mexico
• Middle East & Africa

List of Key Players of Switch Mode Power Supply Transformers Market

• Infineon Technologies AG
• TDK Electronics AG
• Sumida Corporation
• Tamura Corporation
• Pulse Electronics

About Grand View Research                        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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