Press release
Switch Mode Power Supply Transformers Market is projected to grow at a robust CAGR during the Forecast Period | Size, Share & Analysis
The Switch Mode Power Supply Transformers Market is estimated to expand at a higher CAGR over the forecast period (2020-2027).For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/switch-mode-power-supply-transformers-market/
The factors driving growth of the Switch Mode Power Supply Transformers Market includes increasing deployment of switch mode power supply transformers at industrial controls systems, security systems used in offices and machine tools, growing popularity of electric vehicles, miniaturization of electronic components and improvements in the living standards. Moreover, rising need of Internet of Things (IoT), Artificial Intelligence (AI) and Machine Learning (ML) along with the growing demand for switch mode power supply transformers among manufacturing centers, are other factors propelling the market growth. In addition, light weight, and compact size features of switch mode power transformers, increasing investments by major players on research and development, rise in the launch of innovative products and growing population growth rates, are further contributing towards the market growth.
However, growth of the Switch Mode Power Supply Transformers Market is hindered due to disruptions in the global supply chain.
The leading players operating in the market are Infineon Technologies AG, Kunshan Hengyi Electrical Appliance Co., Ltd., Prem Magnetics, TDK Electronics AG, APX Technologies Inc., Butler Winding, Premier Magnetics, Inc., Prisource Electronics Co., Ltd., Coil Winding Specialist, Inc. and Hang Tung Electronic Technology Co., Ltd., among others.
Based on Type, the AC to DC segment is predicted to grow at a significant CAGR during the forecast period
AC to DC switch model power supply transformers is increasingly used in consumer electronics connected to switches which requires specific DC voltages, is pushing growth of the segment.
Based on Application, the Industrial segment is projected to grow at a robust CAGR over the forecast period
As per the Switch Mode Power Supply Transformers Market Report, growing demand for industrial control systems and machine tools and rapid growth in the production of automobiles, are propelling segment's growth.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period
Government polices promoting the production of electric vehicles, increased adoption of advanced technologies by manufacturers, rapid urbanization, presence of the leading players such as Prisource Electronics Co. and Hang Tung Electronic Technology Co., Ltd., and high population growth rates, are some of the important factors augmenting the market growth in the North American region.
Key Developments
In 2020, TDK Electronics AG introduced a new series of compact EPCOS SMT current sense transformers. These transformers can measure current up to 7 A at frequencies between 50 kHz and 1MHz.
In 2020, Infineon Technologies AG acquired the San Jose-based company, Cypress Semiconductor Corporation. With this acquisition, Infineon Technologies AG will gain access to connectivity components, microcontrollers, high-performance memories, and software ecosystems of Cypress Semiconductor Corporation and strengthen its geographical reach in the U.S. and Japan.
Market Segmentation
Segmentation by Type
AC to DC
DC to DC
DC to AC
AC to AC
Segmentation by Application
Communications
Industrial
Consumer Electronics
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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