Global Switch Mode Power Supply (SMPS) Market Insights Forecasts to 2033.

• The Global Switch Mode Power Supply (SMPS) Market Size was Valued at USD 1.62 Billion in 2023.
• The Market Size is Growing at a CAGR of 2.28% From 2023 to 2033.
• The Worldwide Switch Mode Power Supply (SMPS) Market Size is Expected to Reach USD 2.03 Billion by 2033.
• North America is Expected to Grow the fastest during the Forecast period.

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The Global Switch Mode Power Supply (SMPS) Market Size is Anticipated to Exceed USD 2.03 Billion by 2033, Growing at a CAGR of 2.28% from 2023 to 2033.

 

Market Overview

An electrical circuit known as a switch-mode power supply (SMPS) uses high-frequency on- and off-switching circuits along with storage elements like capacitors or inductors to provide power while the switching device is not conducting. Due to its great efficiency, switching power supplies are utilized in many different types of electronic equipment, such as computers and other delicate devices that need a steady and effective power source. Various titles for a switch-mode power supply include switching-mode power supply or switched-mode power supply. A switching-mode power supply's pass transistor, in contrast to a linear power supply, constantly alternates between full-on, full-off, and low-dissipation states. It also spends relatively little time in the high-dissipation transitions, reducing the amount of energy lost. There would be no power loss in a perfect switched-mode power supply. By changing the duty cycles, or on-to-off time ratio, voltage could be regulated. On the other hand, a linear power supply continuously dissipates power in the pass transistor to control the output voltage. A key benefit of the switched-mode power supply is its better electrical efficiency. Among the main reasons propelling the growth of the global switch mode power supply (SMPS) market include lightweight, small size, flexible power conversion, and efficient power utilization. It is also projected that the capacity to provide flexible power conversion would contribute to the global switch mode power supply (SMPS) market's growth.

 

Report Coverage

This research report categorizes the market for the global switch mode power supply (SMPS) market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global switch mode power supply (SMPS) market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global switch mode power supply (SMPS) market.

Driving Factors

The increasing usage of switching-mode power supplies in the industrial sector is driving the growth of the global switch-mode power supply (SMPS) market. The expansion is anticipated to be fueled by the increasing use of switching-mode power supplies in the consumer electronics industry. Demand is increased as more people become aware of the benefits of switching mode power supplies such as flexible power conversion, lightweight, small size, and efficient power utilization. Manufacturers of switching-mode power supplies ought to anticipate new growth opportunities as technology continues to progress.

 

Restraining Factors

Despite being highly effective, SMPS devices can however produce heat and waste energy. If environmental concerns and regulatory bodies impose strict guidelines on energy efficiency and waste reduction, the growth of the global switch mode power supply (SMPS) market could be hindered. Since SMPS devices might be more costly than conventional power supplies, some manufacturers can decide not to use them. This could hinder the global switch mode power supply (SMPS) market's expansion, particularly in developing nations where cost is a key consideration.

 

Market Segmentation

The Global Switch Mode Power Supply (SMPS) Market share is classified into type, technology, end-user

 

• The AC-DC converter segment is expected to hold the largest share of the global switch mode power supply (SMPS) market during the forecast period.   

Based on the type, the global switch mode power supply (SMPS) market is divided into DC-DC converter, AC-DC converter, forward converter, flyback converter, self-oscillating flyback converter, and others. Among these, the AC-DC converter segment is expected to hold the largest share of the global switch mode power supply (SMPS) market during the forecast period. This is because of its ability to provide flexible and efficient power conversion. The global switch mode power supply (SMPS) market as a whole is also significantly influenced by the rising demand for consumer electronics, which adds to the AC-DC converter segment's anticipated substantial share in the global switch mode power supply (SMPS).

 

• The current mode PWM segment is expected to grow at the fastest pace in the global switch mode power supply (SMPS) market during the forecast period.    

Based on the technology, the global Switch Mode Power Supply (SMPS) market is divided into current mode PWM, voltage mode PWM, and others. Among these, the current mode PWM segment is expected to grow at the fastest pace in the global switch mode power supply (SMPS) market during the forecast period. This is because modern SMPS designs favor the current mode PWM. After all, it offers superior stability, enhanced transient responsiveness, and decreased susceptibility to component fluctuations. Furthermore, the current mode PWM segment is predicted to rise in the global switch mode power supply (SMPA) market due to the growing need for high-performance and efficient SMPS designs, as well as the requirement for improved control and stability in contemporary electronic devices.

 

• The consumer electronics segment is expected to grow at the greatest pace in the global switch mode power supply (SMPS) market during the forecast period.

Based on the end-user, the global switch mode power supply (SMPS) market is divided into consumer electronics, industrial, communication, and others. Among these, the consumer electronics segment is expected to grow at the greatest pace in the global switch mode power supply (SMPS) market during the forecast period. This is a result of the consumer electronics industry's immense increase. The factors expected to propel consumer electronics segment expansion in the global switch mode power supply (SMPS) market include the growing need for improved power efficiency and the capacity to provide flexible power conversion.

 

Regional Segment Analysis of the Global Switch Mode Power Supply (SMPS) Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is anticipated to hold the largest share of the global switch mode power supply (SMPS) market over the predicted timeframe.

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Asia Pacific is anticipated to hold the largest share of the global switch mode power supply (SMPS) market over the predicted timeframe. This is due to major electronics manufacturers being present in the area, and this, combined with rising consumer electronics demand, is predicted to fuel the Asia Pacific region's rise to prominence in the global switch mode power supply (SMPS) market. The high projected market share is also influenced by the fast expansion of the global switch mode power supply (SMPS) market in the Asia-Pacific area, including consumer electronics, medical equipment, and autos.

 

North America is expected to grow at the fastest pace in the global switch mode power supply (SMPS) market during the forecast period. The significant use of technology in the automobile sector is a major contributing factor to this increase. DC to DC switch mode power supply demand in North America is being driven by automobiles with upgraded capabilities that include the ability to charge gadgets using automobile batteries. Additionally, the North American region's income share is increased by the presence of several important firms.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global switch mode power supply (SMPS) along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• CET Technology, LLC
• Weidmuller Interface GmbH & Co. KG
• Block Transformatoren-Elektronik GmbH
• American Portwell Technology Inc.
• China Delixi Group Co., Ltd
• Shenzhen MOSO Electronics Technology Co., Ltd.
• Siemens AG
• Cosel Asia Ltd.
• Apx Technologies Inc.
• Bicker Elektronik GmbH
• Puls Gmbh
• Salcomp PLC
• Delta Electronics, Inc.
• ABB Ltd.
• LITE-ON Technology Corporation
• MEAN WELL Enterprises Co., Ltd.
• Omron Corporation
• Phoenix Contact India Private Limited
• Schneider Electric SE
• TDK-Lambda Corporation
• Allis Electric Co. Ltd.
• B&K Precision Corporation
• CUI, Inc.
• Absopulse Electronics Ltd.
• BENNING Elektrotechnik und Elektronik GmbH & Co. KG
• Artesyn Embedded Power
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• On January 2024, the global supplier of discrete power devices, wide band gap power devices, power management ICs, and modules has released two αMOS5™ 600V FRD Super Junction MOSFETs. AOS's application- and market-proven high-voltage MOSFET platform, αMOS5TM, is made to meet the high-density and high-efficiency requirements of solar inverters, servers, workstations, telecom rectifiers, EV charging, motor drives, and industrial power applications.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Switch Mode Power Supply (SMPS) Market based on the below-mentioned segments: 

 

Global Switch Mode Power Supply (SMPS) Market, By Type

• DC-DC Converter
• AC--DC Converter
• Forward Converter
• Flyback Converter
• Self-Oscillating Flyback Converter
• Others

 

Global Switch Mode Power Supply (SMPS) Market, By Technology

• Current Mode PWM
• Voltage Mode PWM
• Others

 

Global Switch Mode Power Supply (SMPS) Market, By End-user

• Consumer Electronics
• Industrial
• Communication
• Others

 

Global Switch Mode Power Supply (SMPS) Market, By Region

• North America
  • US
  • Canada
  • Mexico

 

• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • The rest of the Middle East & Africa