According to a new report Global Switch Mode Power Supply Transformers Market, published by KBV research, The Global Switch Mode Power Supply Transformers Market size is expected to reach $1.8 billion by 2026, rising at a market growth of 4.3% CAGR during the forecast period.
The consumer electronics segment held the largest revenue share and is expected to continue to dominate the switch mode power supply market over the forecast period. The manufacturing market is projected to observe a significant CAGR. The high rate of growth is attributable to the increasing number of vehicles production around the globe.
The AC to DC segment accounted for a significant share of revenue in 2019 and is projected to grow substantially over the next seven years in the switch mode power supply transformers market. The AC to DC switch mode power supply is used to convert AV voltages from a power source to a controlled DC voltage as needed by the power-using component. The DC to DC segment is projected to show a substantial growth in the switch mode power supply industry.
Asia Pacific accounted for the highest share of revenues. Large populations turn into expanded demand for electronic products from countries like China and India. In addition, countries such as Taiwan, Singapore, and other Asian countries are home to the assembly sites of many manufacturers of electronic components around the globe. North America is projected to experience a substantial CAGR over the forecast period. This development can be attributed particularly to the notable adoption of automotive technology. The demand for DC to DC switch mode power supply in the area is driven by automobiles with enhanced features which integrate the ability to charge electronics using car batteries.
Structural Insights: https://www.kbvresearch.com/switch-mode-power-supply-transformers-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Infineon Technologies AG, TDK Corporation, Yageo Corporation (Pulse Electronics), Siemens AG, Omron Corporation, Schneider Electric SE, ABB Group, Sumida Corporation, Tamura Corporation, and Salcomp PLC.
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