Global Switching Power Supplies Market Report 2021

Dublin, 10 Feb. 2022 (GLOBE NEWSWIRE) — The “Switching Mode Power Supply – Global Market Trajectory & Analytics” report has been added to from ResearchAndMarkets.com offer.

Global Switching Power Supply Market to Reach $29.2 Billion by 2026

Amid the COVID-19 crisis, the global switch-mode power supply market estimated at US$23.8 billion in 2020 is expected to reach a revised size of US$29.2 billion by 2026 , growing at a CAGR of 3.6% over the analysis period. .

The growth of the global market is mainly attributed to the introduction of new cost-effective and efficient technological products. In recent years, the rapid growth in sales of consumer electronics products, such as personal computers, refrigerators, smartphones and adapters, has led to an increased demand for SMPS transformers.

Additionally, the growing need to manage the weight and size of electronic circuits in electronic devices is expected to drive the demand for switching power supplies. Due to their lower shipping costs and variable power conversion, SMPS transformers are widely used in industrial machine tools and control systems globally.

Additionally, the growth of the market is fueled by the booming automotive industry which uses switch-mode power supply in portable automotive chargers.

AC/DC, one of the segments analyzed in the report, is expected to grow at a CAGR of 3.3% to reach US$15.3 billion by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the DC/DC segment is readjusted to a revised CAGR of 4.5% for the next 7-year period. This segment currently accounts for a 29.5% share of the global switch-mode power supply market.

The growth of the AC-DC Converters segment is expected to be driven by the increasing consumption of consumer electronics among end users across the globe. The growth of the DC/DC segment is attributed to their widespread use in portable chargers and car chargers to draw power from sources such as car batteries.

Consumer Electronics (Application) Segment to Reach $13.8 Billion by 2026

Demand for consumer electronics is expected to see a significant increase, fueled by growing urban population, increasing disposable income, supply chain robustness and increasing global internet penetration, which contributes to an increase in the demand for switching power supply transformers. In the global consumer electronics (application) segment, the United States, Canada, Japan, China, and Europe will drive the estimated CAGR of 4% for this segment.

These regional markets representing a combined market size of US$8.3 billion in 2020 will reach a projected size of US$11 billion by the end of the analysis period. China will remain among the fastest growing markets in this group of regional markets. Led by countries like Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$1.7 billion by 2026.

The US market is estimated at $7.4 billion in 2021, while China is expected to reach $4 billion by 2026

The switch-mode power supply market in the United States is estimated to be worth US$7.4 billion in 2021. The country currently accounts for a 31.2% share of the global market.

China, the world’s second largest economy, is expected to reach an estimated market size of US$4 billion in 2026 growing at a CAGR of 4.5% over the analysis period. Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 2.8% and 3% respectively over the analysis period.

In Europe, Germany is expected to grow at a CAGR of around 3.5%, while the rest of the European market (as defined in the study) will reach US$4.2 billion by the end of the year. analysis period. The Asia-Pacific region is the dominant market, owing to the region’s large population and strong demand from regional manufacturing hubs. Rapidly expanding customer base for battery-operated devices, especially in major regional economies, such as China and India, is expected to boost the market outlook.

Another key market, growth in the United States is driven by the increase in consumption and the use of battery-operated devices that require switching power supplies. Over the next few years, growth in the region would be partly driven by the increased use of technology by the automotive industry.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Impact of the COVID-19 pandemic and looming global recession: 2020 marked as a year of disruption and transformation

  • As the race between the virus and vaccines heats up, where is the global economy headed in 2021?

  • Impact of COVID-19 on the Global Switching Power Supply Market

  • Effect of the Pandemic on Major SMPS End-Use Industries

  • Manufacturing Automation

  • Automotive

  • Communications Technology

  • Electrical and electronic equipment

  • Appliances

  • An introduction to switching power supplies

  • Principle of operation of the SMPS

  • Advantages of SMP

  • Disadvantages

  • Global Market Outlook and Prospects

2. FOCUS ON CERTAIN PLAYERS (Total 118 featured)

  • ABB Ltd.

  • CET Technology, LLC

  • China Delixi Group Co.,Ltd

  • Cosel Asia Ltd.

  • Delta Electronics, Inc.

  • LITE-ON technology company

  • MEAN WELL Enterprises Co., Ltd.

  • Omron Company

  • Phoenix Contact India Private Limited

  • Puls Gmbh

  • Salcomp PLC

  • Schneider Electric SE

  • Shenzhen MOSO Electronics Technology Co.,Ltd.

  • Siemens AG

  • TDK-Lambda Corporation

  • Weidmuller Interface GmbH & Co. KG

3. MARKET TRENDS AND DRIVERS

  • Modern oscilloscopes and power analysis software solutions enable better design choices

  • Power Factor Correction and Input Rectification – The Two Main Steps in SMPS Design

  • SMPS are better than conventional power supplies in control panels

  • SMPS Battery Charger Usage and Benefits

  • Use cases of SMPS in various applications

  • Increased sales of various types of SMPS devices

  • Application for SMPS of different circuit topologies

  • Advantages and Disadvantages of SMPS LED Driver Circuit Topologies

  • SMPS vs linear regulator

  • Advantages of connecting SMPS in parallel mode

  • Opportunities in the consumer electronics sector

  • Sustained demand in the communications sector

  • Industrial automation offers opportunities

  • Growing adoption of IoT to drive demand

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

IV. COMPETETION

For more information about this report visit https://www.researchandmarkets.com/r/kaukfv

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Alan A. Seibert