Global Switching Mode Power Supply (SMPS) Market (2024 Edition): Market Size, Trends, Opportunities and Forecast by End-User Industry (BFSI (Banking, Financial Services, and Insurance), Consumer Electronics, Automotive, Aerospace & Defense and Other End-U

Global Switching Mode Power Supply (SMPS) Market (2024 Edition): Market Size, Trends, Opportunities and Forecast by End-User Industry (BFSI (Banking, Financial Services, and Insurance), Consumer Electronics, Automotive, Aerospace & Defense and Other End-User Industries), Application, Solution Type, Region, By Country: 2020-2030

Background

A report published by Azoth Analytics highlights different factors and opportunities prevailing in the “Global Switching Mode Power Supply (SMPS) Market (2024 Edition)”. According to the report, Global Switching Mode Power Supply (SMPS) Market was valued at USD 24586.26 Million and is expected to grow at a CAGR of 5.3% during 2025-2030.

The report explores a multi-faceted opportunity landscape in terms of market segmentation by End-User Industry (BFSI (Banking, Financial Services, and Insurance), Consumer Electronics, Automotive, Aerospace & Defense and Other End-User Industries), By Application (AC-DC Switching Mode Power Supply, DC-DC Switching Mode Power Supply, DC-AC Switching Mode Power Supply and Other Applications) and By Solution Type (Single Output and Multiple Output)

Market Overview

The Switching Mode Power Supply (SMPS) Market is growing rapidly, fueled by the increasing demand for energy-efficient power supply solutions across various industries, including telecommunications, consumer electronics, and industrial automation. SMPS is a type of power supply that incorporates a switching regulator to convert electrical power efficiently, reducing energy loss and improving overall system performance. The demand for SMPS has surged as industries prioritize energy conservation, cost-effectiveness, and high-performance power management.

One of the key drivers of the SMPS market is the growing adoption of consumer electronics, such as smartphones, laptops, televisions, and gaming consoles, which require compact, lightweight, and efficient power supplies. As the number of electronic devices per household increases, so does the demand for SMPS, which helps regulate voltage and prevent energy waste. Additionally, the rapid expansion of data centers and the telecommunications industry, driven by the proliferation of cloud computing and 5G networks, has further boosted demand for SMPS in network equipment, servers, and base stations.

The industrial sector is also driving the SMPS market, particularly in the automation and manufacturing industries. As industrial machinery becomes more sophisticated, requiring precise and reliable power supply systems, SMPS has become integral to ensuring consistent performance. Furthermore, advancements in SMPS technology, such as higher power density, better thermal management, and the integration of advanced control techniques, are expected to further fuel market growth.

Segment Insights

The consumer electronics segment holds the largest share of the Switching Mode Power Supply Market, accounting for over 40% of the total market in 2023. The rising use of electronic devices, combined with the demand for compact and energy-efficient power solutions, drives this segment. The telecommunications sector is a key contributor to the SMPS market, particularly as 5G networks and cloud services expand globally.

Geographical Insights

The Asia-Pacific region leads the SMPS Market, driven by the presence of major electronics manufacturers in countries like China, South Korea, and Japan. The region’s growing telecommunications infrastructure and industrial base also contribute to market growth. The Americas follow closely, with significant demand for SMPS in data centers, telecommunications, and industrial End-User Industries.

Market Segmentation

By End-User Industry:

• BFSI (Banking, Financial Services, and Insurance)
• Consumer Electronics
• Automotive
• Aerospace & Defense
• Other End-User Industries

By Application:

• AC-DC Switching Mode Power Supply
• DC-DC Switching Mode Power Supply
• DC-AC Switching Mode Power Supply
• Other Applications

By Solution Type:

• Single Output
• Multiple Output

By Geography

• Americas (The United States, Canada, Brazil, Mexico, Rest of Americas)
• Europe (United Kingdom, Germany, France, Italy, Spain, Turkey, Russia, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Singapore, Indonesia, Rest of Asia Pacific)
• Middle East and Africa (GCC, Israel, South Africa, Rest of Middle East and Africa)

Key Companies

The report assesses the competitive developments, strategies, mergers and acquisitions and new product development and market share portfolio of top 15 companies. Key companies in the Global Switching Mode Power Supply (SMPS) Market include:

• Allis Electric Co., Ltd.
• B&K Precision Corporation
• CUI, Inc.
• Absopulse Electronics Ltd.
• BENNING Elektrotechnik und Elektronik GmbH & Co. KG
• Block Transformatoren-Elektronik GmbH
• American Portwell Technology Inc.
• Artesyn Embedded Power
• Apx Technologies Inc.
• Bicker Elektronik GmbH
• Other Leading Companies

Reasons to buy this report:

• In-Depth Comparative Assessment of Top 20 Markets in the Switching Mode Power Supply (SMPS) Market Application: Comparative assessment of 20 leading countries highlighting the total addressable market, opportunities, lucrative segments and competitive positioning of leading companies.
• Comprehensive Historical, Present, and Future Analytics of the Switching Mode Power Supply (SMPS) Market: A deep dive in the historical (2020-2023), current (2024) and forecast (2025-2030) market analytics of Switching Mode Power Supply (SMPS) Market.
• Detailed Analysis of Switching Mode Power Supply (SMPS) Market By End-User Industry, Application, and Solution Type Across 20 Countries
• Beyond the Purchase: 90 Days of Support
• Direct Access to Analysts: Have questions after reading the report? Our expert analysts are just a call or email away.
• Customized Assistance: Whether you're integrating insights into your strategy or have questions about market dynamics, our team provides tailored support to meet your specific business needs.
• Data Customization Requests: During the support period, you have the flexibility to request additional data cuts or deeper dives into specific areas of interest.
• Gain insights specific to new entrants or new market areas to tap: The study provides detailed market entry strategies, including analysis of barriers to entry, pricing strategies, opportunities, trends, drivers, and challenges and product positioning using the Opportunity Portfolio Matrix (OPM)
• Strategic Application Movements: Tracking Competitive Developments and Key Players in the Market: The report covers competitive strategies, mergers & acquisitions, new developments, future plans and market share analysis of ~15 top companies.

*Please Note: The report will be delivered in 2 business days upon order confirmation*