Switching Power Supply Market Size, Share, Growth, and Industry Analysis, By Type (AC/DC, DC/DC, Others), By Application (Consumer Electronics, Industrial, Telecom, Others), Regional Insights and Forecast From 2023 To 2030

Updated On: 20 November 2023

Switching Power Supply Market Report Overview

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The global Switching Power Supply market size was USD 29560 million in 2022. As per our research, the market is expected to reach USD 38880 million in 2028, exhibiting a CAGR of 4.7% during the forecast period.

A switching power supply, also known as a switched-mode power supply (SMPS), is an electronic power supply that uses switching regulators to convert electrical power efficiently. Unlike linear power supplies, which use a transformer to drop voltage and dissipate the excess energy as heat, switching power supplies use high-frequency switching circuits to convert and regulate the voltage of the input power source.

The switching circuit in a switching power supply typically includes a series of transistors that switch on and off at high frequencies to regulate the output voltage. By doing so, the power supply can deliver stable and efficient power to a range of electronic devices, while also reducing heat dissipation and improving energy efficiency.

Switching power supplies are commonly used in a wide range of applications, including computers, telecommunications equipment, medical devices, and automotive systems, among others. They are known for their compact size, high efficiency, and reliability, making them a popular choice for manufacturers looking to design energy-efficient and reliable electronic devices.

COVID-19 Impact: Pandemic decreased the Market Demand

The switching power supply market has been impacted by the COVID-19 pandemic, with both positive and negative effects. The pandemic has led to an increased demand for certain types of electronic devices, such as laptops, tablets, and home entertainment systems, as people have shifted to remote work and entertainment at home. This has increased the demand for switching power supplies, which are a critical component of these devices.

Latest Trends

"Increasing Demand for Efficient and Compact Power Supplies to Fuel Market Growth."

The switching power supply market is constantly evolving, and there are several latest trends that are driving the industry forward. One of the main trends is the growing demand for more efficient and compact power supplies. This is driven by the need for more energy-efficient products, as well as the desire to reduce the size and weight of devices. Manufacturers are responding to this trend by developing smaller and more efficient power supplies that can deliver the same level of performance as larger models.

Switching Power Supply Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into, AC/DC, DC/DC, Others

• By Application Analysis

Based on application, the market can be divided into, consumer electronics, industrial, telecom, others

Driving Factors

"Increasing need of energy-efficient products to stimulate market demand"

The switching power supply market is being driven by several key factors that are shaping the industry. One of the main factors is the growing demand for energy-efficient products. As consumers become more aware of the impact of energy consumption on the environment and on their wallets, they are seeking products that use less energy. This has led to a growing demand for more efficient power supplies that can reduce energy consumption and lower electricity bills. These factors are driving the Switching Power Supply market growth rapidly.

"Wide Range of Applications to Fuel Market Progress"

Switching power supplies are commonly used in a wide range of applications, including computers, telecommunications equipment, medical devices, and automotive systems, among others. They are known for their compact size, high efficiency, and reliability, making them a popular choice for manufacturers looking to design energy-efficient and reliable electronic devices.

Restraining Factors

"High cost of manufacturing to restrict the market growth"

While the switching power supply market is growing, there are also several factors that are restraining its growth. One of the main factors is the high cost of switching power supplies compared to linear power supplies. Switching power supplies are more complex to manufacture, which can make them more expensive than linear power supplies. This cost differential can make switching power supplies less attractive to budget-conscious consumers and manufacturers.

Switching Power Supply Market Regional Insights

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"Increasing demand in North America has boosted Switching Power Supply Market share"

The switching power supply market in North America is a significant and mature market, with a strong presence of established players and a diverse range of applications. The market is driven by several factors, including the increasing demand for energy-efficient products, the growing trend towards digitalization and automation, and the need for reliable and efficient power supplies in a range of industries.

This is driving demand thus increasing Switching Power Supply market share in the region.

Key Industry Players

"Adoption of Innovative Strategies by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• DELTA
• Lite-On Technology
• MEAN WELL
• Chicony Power
• Siemens
• AcBel Polytech
• Schneider
• ABB
• Omron
• Puls
• PHOENIX
• TDK-Lambda
• Cosel
• MOSO
• 4NIC
• Weidmuller

Report Coverage

This report examines an understanding of the Switching Power Supply market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.