As per the latest report by IMARC Group, titled “Switch Mode Power Supply Transformers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global switch mode power supply transformers market grew at a CAGR of around 5% during 2015-2020. Switch mode power supply (SMPS) transformers refer to electronic supply power units that incorporate a switching regulator for the efficient conversion of electrical power. They utilize transformers, rectifiers, choppers, control circuits, and input filters to provide the desired output voltage. They run at a high frequency, step up and down voltages, and isolate the input and output sources. SMPS transformers find extensive applications in commercial and industrial electronics as they aid in the efficient utilization of power and enable minimal energy dissipation.
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Global Switch Mode Power Supply Transformers Market Trends:
The increasing sales of consumer electronics, such as smartphones, adapters, refrigerators and personal computers (PCs), represent the primary factor driving the market. Additionally, SMPS transformers are increasingly being used in medical devices, commercial power supplies, communication devices and railway systems as they are compact, lightweight and reduce the overall weight, size and noise while enhancing product efficiency. Apart from this, the launch of advanced SMPS transformers with multiple secondary windings that generate different voltage outputs has bolstered the market growth. Furthermore, the growing applications in industrial control systems and machine tools owing to flexible power conversion and reduced shipping costs have augmented the product demand. Besides this, several key players are investing in research and development (R&D) projects to introduce eco-friendly product variants due to the rising environmental concerns. Moreover, the emergence of the Internet of Things (IoT), growing demand for miniaturized electronic components and expanding automotive industry that employs SMPS transformers in portable car chargers are some of the other factors providing a positive market outlook. On account of these factors, IMARC Group expects the market to exhibit moderate growth during 2021-2026.
- Based on the type, the market has been divided into AC to DC, DC to DC, DC to AC, and AC to AC.
- On the basis of the application, the market has been classified into communication, automotive, consumer electronics, and others.
- Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been analyzed, with some of the key players being APX Technologies Inc., Coil Winding Specialist Inc., Hang Tung Electronic Technology Co. Ltd., Infineon Technologies AG, Premier Magnetics Inc., Prisource Electronics Co. Ltd., Pulse Electronics Corporation (Yageo Group), Sumida Corporation, Tamura Corporation, TDK Electronics AG, and West Coast Magnetics.
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