Global Switch Mode Power Supply (SMPS) Market Size & Share to 2027

Global Switch Mode Power Supply (SMPS) Market Size & Share to 2027

Global Switch Mode Power Supply (SMPS) Market Size, Trends & Growth Opportunity, By Product Type AC/DC, DC/DC, and Others), By End User (Consumer Electronics, Industrial, Communication, and Others), By Region and Forecast till 2027

Global Switch Mode Power Supply (SMPS) Market

Switch mode power supply (SMPS) is widely used in electronic applications. SMPS is an electronic circuit which uses switching devices to convert power with the help of capacitors or inductors. SMPS supply power when the switching device is in non-conduction state with the help of switching devices which turn on/off at high frequencies.

Market Drivers

An increase in demand for consumer electronics among end user is the key driving factor is expected to boost the global switch mode power supply (SMPS) market growth. SMPS have higher efficiency compared to linear regulators as the switching transistor dissipates low power when acting as a switch. Furthermore, rise in need to manage the size and weight of the electronic circuit of electronic devices will positively influence the market growth. Moreover, growing demand for better power efficiency is another market boosting factor which is expected to fuel the market growth during this forecast period. Also, rise in need for wide output range of power switches will propel the global switch mode power supply (SMPS) market growth.

Market Restraints

However, high costs of switch mode power supply (SMPS) compared to linear supplies is the major restraining factor which is expected to hamper the global switch mode power supply (SMPS) market growth. Also, complex circuit design will affect the market growth during this analysis period.

Market Segmentation

Global Switch Mode Power Supply (SMPS) Market is segmented into product type such as AC/DC, DC/DC, and Others. Further, market is segmented into end users such as Consumer Electronics, Industrial, Communication, and Others.

Also, Global Switch Mode Power Supply (SMPS) Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as ABB Ltd., Cosel Asia Ltd., Delta Electronics, Inc., Schneider Electric SE, OMRON Corporation, Siemens AG, WELL Enterprises Co., Ltd., MEAN Phoenix Contact, TDK-Lambda Corporation, and Texas Instruments Incorporated.

Market Taxonomy

By Product Type

• AC/DC
• DC/DC
• Others

• Consumer Electronics
• Industrial
• Communication
• Others

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

• What are the Key Opportunities in Global Switch Mode Power Supply (SMPS) Market?
• What will be the growth rate from 2019 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?