The global switch mode power supply transformers market is expected to grow at a CAGR of around 2.8% from 2020 to 2027 and expected to reach the market value of around US$ 2,385.3 Mn by 2027.

A switched-mode power supply (also known as a switching-mode power supply, SMPS, or simply switcher) is an electronic power supply unit that includes a switching regulator to provide the necessary output voltage. A switch mode power supply is formed by combining the switch mode transformer and the switching regulator. Switch mode power transformers are widely used in electronic applications, most notably in computer power supplies, cell phone charging units, lighting applications, and laser power supplies. A switch mode power supply is an electronic circuit that uses switching devices to convert power at high frequencies. The use of high frequency switching systems improves the overall performance of SMPS transformers. High performance switch mode power supplies have contributed to increased demand for these circuits, which is expected to fuel demand for switch mode power transformers.

Market Drivers

The global switch mode power supply (SMPS) transformers market is being driven primarily by rising end-user demand for consumer electronics. This is primarily due to the higher efficiency of switch mode power supplies (SMPS) over linear regulators, as the switching transistor dissipates little power when acting as a switch. The growing need to manage the size and weight of electronic device electronic circuits is also expected to fuel demand for switch mode power supplies (SMPS) globally in the coming years. This is primarily due to the fact that switch mode power supplies (SMPS) are smaller in size and weight. Furthermore, rising demand for improved power efficiency will drive the growth of the global switch mode power supply (SMPS) market in the coming years. Furthermore, the growing demand for power switches with a wide output range is expected to fuel demand for switch mode power supplies (SMPS) around the world in the near future, as these supplies have a higher output range than those with older technology. However, complex circuit design and higher switching mode power supply (SMPS) costs than linear supplies are key factors that will hamper the global switch mode power supply (SMPS) transformers market during the forecast period.

Furthermore, switching transformers are becoming more popular due to their benefits such as efficient electricity usage, lightweight, compact design, and versatile power transfer. Transformers' ability to move and operate at a wide range of frequencies reduces the need for high frequency transformers. Similarly, their robust power conversion capability makes them ideal for a wide range of high-reliability applications such as railway systems, industrial machine tools, electric vehicles, and safety systems. The aforementioned factors, when combined with the wide range of applications for switching transformers, are expected to drive market growth over the forecast period. Furthermore, manufacturers' increasing proclivity to increase carbon dioxide emissions has enabled them to launch environmentally friendly products. As a result, the paradigm shifts toward miniaturization of electronic components, and the introduction of IoT is expected to sustain demand growth over the forecast period.

COVID-19 impact on the global switch mode power supply transformers market

Since the pandemic virus's outbreak, the World Health Organization (WHO) has declared it a public health emergency. The global effects of the corona virus disease 2019 (COVID-19) are already being felt, and they are having a significant impact on the switch mode power supply transformers market. Furthermore, COVID-19 can have an impact on the global economy in three ways: directly affecting production and demand, causing supply chain and market disruption, and having a financial impact on firms and financial markets. The pandemic has had a wide-ranging impact, including flight cancellations, travel bans and quarantines, restaurant closures, and restrictions on all indoor events; a state of emergency declared in over forty countries; a massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about the future.

Market Segmentation

The global switch mode power supply transformers market is segmented based on type and application. By type, the market is segmented as AC to DC, DC to DC, DC to AC, and AC to AC. Based on application, the market is segmented as communications, industrial, consumer electronics, and others.

In the past, the AC to DC segment accounted for the greatest market share, and this trend is expected to continue in the coming years. AC to DC switches mode power supplies are used to convert AV voltages from a power source to a regulated DC voltage that meets the needs of the component that is receiving power. AC to DC switches mode power supplies are commonly used in consumer electronics that are linked to switches and require specific DC voltages. As a result, the rising popularity of consumer electronics is expected to drive up demand for AC to DC switch mode power supplies.

The consumer electronics segment is expected to have the highest revenue share in the coming years. Switch mode power supply transformers have been used in electronic devices such as phone chargers, adapters, PCs, and refrigerators to relinquish power high voltages and convert them to reasonable standards for electronic devices. The growing use of smart phones around the world contributes to an increase in the demand for phone chargers. Similarly, demand for other consumer electronics is increasing, which is increasing the segment's revenue share.

Regional Overview

North America holds the major market share for the switch mode power supply transformers market

During the forecast period, North America is expected to hold a sizable share of the global switch mode power supply (SMPS) market. Because of the significant growth of the electronics industry in the United States and Canada, North America is expected to see widespread adoption of switch mode power supplies (SMPS) in the near future.

On the other hand, Asia Pacific is expected to have the fastest growing CAGR in the coming years. During the forecast period, the Asia Pacific market is projected to expand substantially. Countries such as Australia, India, Japan, and China are increasing competition for switch mode power supplies (SMPS) in the region. Among Asia Pacific province, China holds the maximum market share for the global switch mode power supply transformer market.

Competitive Landscape

The prominent players of the global switch mode power supply transformers market involve Infineon Technologies AG, TDK Electronics AG, SUMIDA Corporation,  TAMURA Corporation,  Pulse Electronics a YAGEO company, Schneider Electric SE, Siemens AG, Omron Corporation, and among others

Market Segmentation

Market By Type

AC to DC
DC to DC
DC to AC
AC to AC

Market By Application

Communications
Industrial
Consumer Electronics
Others

Market By Geography

North America
•    U.S.
•    Canada

Europe
•    U.K.
•    Germany
•    France
•    Spain
•    Rest of Europe

Asia-Pacific
•    China
•    Japan
•    India
•    Australia
•    South Korea
•    Rest of Asia-Pacific

Latin America
•    Brazil 
•    Mexico
•    Rest of Latin America

Middle East & Africa
•    GCC
•    South Africa
•    Rest of Middle East & Africa

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