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NEW YORK, Jan. 18, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the Global Switch Mode Power Supply Industry report — https://www.reportlinker.com/p05817595/?utm_source=GNW
The growth of the global market is mainly attributed to the introduction of new cost-effective and efficient technological products. Rapid growth in sales of consumer electronics such as personal computers, refrigerators, smartphones, and adapters has driven the demand for switching power transformers in recent years. Furthermore, the growing need to manage the weight and size of electronic circuits in electronic devices is expected to drive the demand for switch-mode power supplies. Due to their low transportation costs and variable power conversion, SMPS transformers are widely used in industrial machine tools and control systems worldwide. Furthermore, the emerging automotive industry using switch-mode power supplies in portable car chargers is driving the market growth.
Amid the COVID-19 crisis, the global switching power supply market was estimated at USD 23.8 billion in 2020 and is expected to reach a revised size of USD 29.2 billion by 2026, growing at a CAGR of 3.6% during the analysis period. As analyzed in the report One of the largest segments of the market, AC/DC is expected to grow at a CAGR of 3.3% to reach $15.3 billion by the end of the analysis period. Growth in the DC/DC segment was rescaled to a revised 4.5% CAGR for the next seven-year period following a thorough analysis of the business impact of the pandemic and the economic crisis it caused. This segment currently accounts for a 29.5% share of the global switching power supply market. The growth of the AC-DC converter segment is expected to be driven by global end-user consumer electronics consumption growth. The growth in the DC/DC segment is attributed to their widespread use in portable chargers and car chargers for obtaining power from sources such as car batteries.
The U.S. market is expected to reach $7.4 billion in 2021, while China is expected to reach $4 billion by 2026
The switching power supply market in the United States is estimated to be worth $7.4 billion by 2021. The country currently accounts for 31.2% of the global market. China is the second largest economy in the world and the market size is expected to reach USD 4 billion by 2026, growing at a CAGR of 4.5% throughout the analysis period. Other notable geographic markets include Japan and Canada, which are expected to grow by 2.8% and 3%, respectively, during 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 $4.2 billion by the end of the analysis period. Asia Pacific is a major market due to its large population and high demand from regional manufacturing hubs. Rapidly expanding customer base for battery-powered devices, especially in key regional economies such as China and India, is expected to boost the market outlook. Growth in the U.S., another key market, is driven by increased consumption and use of battery-powered devices that require switch-mode power supplies. Over the next few years, the region’s growth will be driven in part by the increased use of technology in the automotive industry.
Consumer electronics (applications) segment to reach $13.8 billion by 2026
The demand for consumer electronics is expected to grow significantly, driven by growing urban population, rising disposable income, robust supply chains, and increasing internet penetration across the globe, which is driving the demand for switch-mode power transformers. In the global consumer electronics (application) segment, the United States, Canada, Japan, China and Europe will drive a 4% CAGR in this segment. The combined market size of these regional markets was $8.3 billion in 2020 and is expected to reach $11 billion by the end of the analysis period. China will remain one of the fastest growing countries in this regional market cluster. The Asia Pacific market is expected to reach $1.7 billion by 2026, led by countries such as Australia, India and South Korea.
Choose a competitor (118 features in total)
- ABB Ltd.
- CET Technology LLC
- China Delixi Group Co., Ltd.
- Corso Asia Ltd.
- Delta Electronics Co., Ltd.
- Lite-On Technology
- mean well enterprise co., ltd.
- Omron Corporation
- Phoenix Contact India Private Limited
- pools ltd.
- Salcomp PLC
- Schneider Electric SE
- Shenzhen Maoshuo Electronic Technology Co., Ltd.
- Siemens AG
- TDK-Lambda Corporation
- Weidmüller Interface GmbH & Co. KG
Read the full report: https://www.reportlinker.com/p05817595/?utm_source=GNW
1. Methodology
2. Executive Summary
1. Market overview
Impact of the COVID-19 Pandemic and Looming Global Recession: 2020
Labeled as a year of disruption and transformation
As the race between virus and vaccine intensifies, where?
Where will the world economy go in 2021?
Figure 1: World Economic Growth Forecast (Real GDP, Annual
percent change from 2020 to 2022)
Impact of COVID-19 on the Global Switching Power Supply Market
Impact of the Pandemic on Switching Power Supply Critical End-Use Industries
Manufacturing automation
Figure 2: Global Manufacturing Automation Market Reset and
Trajectory – Growth prospects from 2019 to 2025 (percentage)
car
Figure 3: Global Auto Market Reset and Trajectory – Growth
Outlook 2019 to 2025 (percentage)
communication technology
Electrical and Electronic Equipment
home appliances
Introduction to switching power supply
The working principle of switching power supply
The advantages of switching power supply
shortcoming
Global Market Outlook and Outlook
Analysis by Type
Figure 4: World Switch Mode Power Supply (SMPS) Market
Type (2021 and 2027): AC/DC Sales Percent Breakdown,
DC/DC and other types
Analysis by Application
Figure 5: World Switch Mode Power Supply (SMPS) Market
Applications (2021 and 2027): Sales Percentage Breakdown
Consumer Electronics, Industrial, Communications and Others
application
Regional Analysis
Figure 6: Global Market for Switch Mode Power Supplies (SMPS):
Sales percentage breakdown by developed and developing countries
Region (2021 and 2027)
Figure 7: Global Market for Switch Mode Power Supplies (SMPS) –
Geographical Regions Ranked by % CAGR (Sales) 2020-2027:
China, Asia Pacific, Latin America, Rest of the World, Europe,
United States, Canada and Japan
competitive scenario
Recent market activity
2. Focus on Featured Players
3. Market trends and drivers
Modern oscilloscope and power analysis software solutions
Enables better design choices
Power factor correction and input rectification – the two main
Stages of designing an SMPS
SMPS outperforms traditional power supplies in control panels
Uses and Benefits of SMPS Battery Chargers
SMPS use cases across different applications
Increase sales of various SMPS devices
SMPS Requirements for Different Circuit Topologies
Advantages and Disadvantages of SMPS LED Driver Circuit Topologies
SMPS and Linear Regulators
Benefits of connecting SMPS in parallel mode
Opportunities in Consumer Electronics
Figure 8: Global Shipments of Laptops (Millions)
2019, 2021 and 2023
Exhibit 9: Global Smart Home Market by Category (USD Billion)
2020 and 2022
Figure 10: Global Consumer Electronics Market by Region (2020):
North America, Europe,
Asia Pacific (including Japan), Middle East and Latin America
Continued demand in the communications sector
Figure 11: Global Wireless Communications Market (2018 and 2020):
Traffic percentage breakdown by mobile device type
Figure 12: World Internet penetration rate (%)
Geographical Region: June 2021
Industrial Automation Offers Opportunities
Figure 13: Key Industry 4.0 Technologies: Global Market Size
($ billion) for Internet of Things (IoT), big data, intelligence
Factories, Advanced Analytics, Service Robots and Intelligence
2020 machines
Growing adoption of IoT to drive demand
Figure 14: Number of IoT connected devices worldwide (billions
2016, 2018, 2020, 2022 and 2025 units)
Exhibit 15: Global IoT Market by Industry (Unit: USD Billion)
2018 and 2022
Figure 16: Global investment in the Industrial Internet of Things (IIoT)
2018, 2022 and 2025 Platforms (in millions of dollars)
4. Global Market Perspective
Table 1: State of the world and future analysis of switch mode
Power by Geographic Region – United States, Canada, Japan, China,
Europe, Asia Pacific, Latin America and the rest of the world –
Independent analysis of annual sales in thousands of dollars over the years
2020-2027 and % CAGR
Table 2: World History Review of Switching Power Supplies
By Geography – USA, Canada, Japan, China, Europe,
Asia Pacific, Latin America and Rest of World Markets –
Independent analysis of annual sales in thousands of dollars over the years
2012 to 2019 and % CAGR
Table 3: World 15-year switch-mode power supply outlook
Supply by Geographic Region – Value Percentage Breakdown
Sales USA, Canada, Japan, China, Europe, Asia Pacific,
Latin America and Rest of World Markets in 2012, 2021 and 2021
2027
Table 4: Current and future analysis of the world of AC/DC
Geographical Regions – United States, Canada, Japan, China, Europe,
Asia Pacific, Latin America and Rest of World Markets –
Independent analysis of annual sales in thousands of dollars over the years
2020-2027 and % CAGR
Table 5: AC/DC World History Review by Geographical Region –
United States, Canada, Japan, China, Europe, Asia Pacific, Latin America
and the rest of the world market – annual independent analysis
Sales (thousands of dollars) and % CAGR from 2012 to 2019
Table 6: AC/DC World 15-Year Outlook by Region
Region – Sales percentage breakdown for the US, Canada,
Japan, China, Europe, Asia Pacific, Latin America and other regions
The world in 2012, 2021 and 2027
Table 7: World Current and Future Analysis of DC/DC
Geographical Regions – United States, Canada, Japan, China, Europe,
Asia Pacific, Latin America and Rest of World Markets –
Independent analysis of annual sales in thousands of dollars over the years
2020-2027 and % CAGR
Table 8: DC/DC World History Review by Geographical Region –
United States, Canada, Japan, China, Europe, Asia Pacific, Latin America
and the rest of the world market – an annual independent analysis of…
The full story is available on Benzinga.com
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