Switching Mode Power Supply Market Report 2024 (Global Edition)

Global Switching Mode Power Supply Market Report 2024 Market Size Split by Type (DC to DC converters, AC to DC converters, Forward Converters, Flyback Converters, Self-Oscillating flyback Converters, ...

Switching Mode Power Supply Market Report Description

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Switching Mode Power Supply Market Insights Video

Competitive Landscape of the Switching Mode Power Supply Market

The competitive landscape of the Switching Mode Power Supply (SMPS) market is characterized by key players such as Delta Electronics, Texas Instruments, and Infineon Technologies, focusing on innovation and efficiency. Companies are investing in advanced semiconductor technologies and expanding their product portfolios to address diverse applications. The market is marked by rapid technological advancements, such as the use of GaN and SiC materials, and increasing demand for compact, high-efficiency power supplies across various sectors.

November 2023: Vox Power has unveiled its new VCCR300 Conduction Cooled Power Series, designed to offer a durable, rugged, and reliable DC/DC power supply that can deliver 300 Watts quietly. This series supports a broad range of DC input voltages, including standard values such as 48V, 72V, 96V, and 110V, meeting the railway battery specifications defined by EN50155. (Source: https://www.vox-power.com/2023/11/13/new-release-vccr300-conduction-cooled-psu-slim-300w/) April 2022: Mean Well Enterprises Co. Ltd introduced the RQB60W12 series in ultra-wide input railway DC-DC converter. The main features include 14~160Vdc ultra-wide voltage input that can cover the mainstream nominal voltages of global railway systems (24/36/48/72/96/110Vdc), operate under extreme environments of -40~+90?, an external capacitor can be added to ensure the hold-up time would last for 10~30 ms. In contrast, the DC input is temporarily unstable, 2KVac/3KVdc high isolation withstand voltage, complete protections, etc. (Source: https://www.meanwell.com/newsInfo.aspx?c=1&i=1263) July 2023: AcBel Polytech Inc. has purchased the entire Power Conversion division of ABB Ltd. This acquisition is intended to drive innovation and enhance AcBel’s capabilities in developing advanced system solutions, fostering significant growth opportunities across its primary business areas. Additionally, it will enable AcBel to expand its customer base in the United States, improve its local service offerings, and broaden its network of global manufacturing facilities. (Source: https://www.prnewswire.com/news-releases/acbel-completes-acquisition-of-the-power-conversion-division-of-abb-301869532.html)

Top Companies Market Share in Switching Mode Power Supply Industry: (In no particular order of Rank)

• Delta Electronics
• Inc.
• Texas Instruments
• Inc.
• Infineon Technologies AG
• ON Semiconductor Corporation
• Analog Devices
• Inc.
• NXP Semiconductors N.V.
• STMicroelectronics N.V.
• Broadcom Inc.
• Murata Manufacturing Co.
• Ltd.
• Maxim Integrated Products
• Inc.
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Switching Mode Power Supply Market

Which Region Dominates the Switching Mode Power Supply Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's advanced technological infrastructure and high demand for efficient power solutions across various sectors. The region's robust electronics industry, substantial data center investments, and significant adoption of consumer electronics and renewable energy contribute to this dominance. Additionally, stringent energy efficiency regulations and a strong focus on innovation drive the growth and adoption of SMPS technologies in North America.

Which Region is Expanding at the Fastest CAGR?

The Asia-Pacific region is growing at the fastest CAGR in the Switching Mode Power Supply (SMPS) market due to rapid industrialization, rising consumer electronics demand, and expanding data centers. The region's burgeoning manufacturing sector and increasing investments in infrastructure and renewable energy drive this growth. Additionally, favorable government policies and the growing adoption of advanced technologies contribute to the accelerated expansion of the SMPS market in Asia-Pacific.

The current report Scope analyzes Switching Mode Power Supply Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Switching Mode Power Supply Market

According to Cognitive Market Research, the global Switching Mode Power Supply market size was estimated at USD 1354.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 541.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Switching Mode Power Supply market with a market size of USD 427.39 million in 2024 and is projected to grow at a CAGR of 1.5% during the forecast period. The nation's rising demand for efficient and compact power solutions in electronics, automotive, and telecommunications sectors is driving the Switching Mode Power Supply market.
• The Canada Switching Mode Power Supply market had a market share of USD 65.00 million in 2024 and is projected to grow at a CAGR of 2.5% during the forecast period. Canada's increased adoption of renewable energy sources is driving the Switching Mode Power Supply market.
• The Mexico Switching Mode Power Supply market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 49.29 million in 2024.

Europe Switching Mode Power Supply Market

According to Cognitive Market Research, the global Switching Mode Power Supply market size was estimated at USD 1354.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 406.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.0% from 2024 to 2031.

• The United Kingdom Switching Mode Power Supply market had a market share of USD 68.25 million in 2024 and is projected to grow at a CAGR of 2.8% during the forecast period. In the UK, Switching Mode Power Supply sales witness an upswing due to increasing demand for energy-efficient solutions across various industries, driven by stringent EU energy efficiency regulations and sustainability goals.
• The France Switching Mode Power Supply market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD 37.38 million in 2024.
• According to Cognitive Market Research, the German Switching Mode Power Supply market size was valued at USD 80.44 million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period. In Germany, Switching Mode Power Supply surged due to the presence of major market players.
• The Italy Switching Mode Power Supply market is projected to witness growth at a CAGR of 1.4% during the forecast period, with a market size of USD 34.94 million in 2024.
• The Russia Switching Mode Power Supply market is projected to witness growth at a CAGR of 1.0% during the forecast period, with a market size of USD 62.97 million in 2024.
• The Spain Switching Mode Power Supply market is projected to witness growth at a CAGR of 1.1% during the forecast period with a market size of USD 33.31 million in 2024
• The Luxembourg Switching Mode Power Supply market is projected to witness growth at a CAGR of 2.1% during the forecast period, with a market size of USD 12.59 million in 2024.
• The Portugal Switching Mode Power Supply market is projected to witness growth at a CAGR of 1.8% during the forecast period, with a market size of USD 8.53 million in 2024.
• The Greece Switching Mode Power Supply market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 4.88 million in 2024.
• Rest of Europe's Switching Mode Power Supply market is projected to witness growth at a CAGR of 0.7% during the forecast period, with a market size of USD 62.97 million in 2024.

Asia Pacific Switching Mode Power Supply Market

According to Cognitive Market Research, the global Switching Mode Power Supply market size was estimated at USD 1354.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 311.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Switching Mode Power Supply market size was valued at USD 140.16 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Switching Mode Power Supply surged in China due to rapid industrialization, urbanization, and technological advancements.
• The Japan Switching Mode Power Supply market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 42.98 million in 2024.
• The India Switching Mode Power Supply market had a market share of USD 37.38 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. India's increasing urbanization is driving the Switching Mode Power Supply market.
• The South Korean Switching Mode Power Supply market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 31.15 million in 2024.
• The Australian Switching Mode Power Supply market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 16.20 million in 2024.
• The South East Asia Switching Mode Power Supply market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 21.49 million in 2024.
• The Rest of Asia Pacific Switching Mode Power Supply market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 22.11 million in 2024.

South America Switching Mode Power Supply Market

According to Cognitive Market Research, the global Switching Mode Power Supply market size was estimated at USD 1354.2 Million, out of which the Latin America market has more than 5% share of the global revenue with a market size of USD 67.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Switching Mode Power Supply market size was valued at USD 28.98 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. Switching Mode Power Supplys flourished in Brazil due to expanding industrial activities, increasing infrastructure development, and rising demand for efficient power solutions.
• Argentina's Switching Mode Power Supply market had a market share of USD 11.38 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period. Argentina's growth in sectors like telecommunications, automotive, and renewable energy augment the demand.
• Colombia Switching Mode Power Supply market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 6.03 million in 2024.
• Peru Switching Mode Power Supply market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 5.55 million in 2024.
• Chile Switching Mode Power Supply market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 4.88 million in 2024.
• The Rest of Latin America's Switching Mode Power Supply market is projected to witness growth at a CAGR of 2.0% during the forecast period, with a market size of USD 10.90 million in 2024.

Middle East and Africa Switching Mode Power Supply Market

According to Cognitive Market Research, the global Switching Mode Power Supply market size was estimated at USD 1354.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 27.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031..

• The GCC Countries Switching Mode Power Supply market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 11.59 million in 2024. Switching Mode Power Supply sales flourish due to the presence of major market players.
• The Egypt Switching Mode Power Supply market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 2.84 million in 2024.
• The South Africa Switching Mode Power Supply market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 4.28 million in 2024. Switching Mode Power Supply sales flourish in South Africa due to increasing investments in infrastructure, telecommunications, and industrial projects.
• The Turkey Switching Mode Power Supply market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 2.33 million in 2024.
• The Nigeria Switching Mode Power Supply market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 2.84 million in 2024.
• The Rest of MEA Switching Mode Power Supply market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 3.20 million in 2024.

Switching Mode Power Supply Market Analysis

Switching Mode Power Supply Market Type Segment Analysis

According to Cognitive Market Research, DC to DC converters stands out as the dominant category. DC to DC converters capture the largest market share in the Switching Mode Power Supply (SMPS) market due to their versatility and widespread application in various electronic devices. They efficiently convert voltage levels within a DC power source, making them essential for powering different components in consumer electronics, industrial equipment, and telecommunications. Their ability to provide stable and reliable power across diverse applications, along with advancements in efficiency and miniaturization, drives their dominant market share.

AC to DC converters are growing at the highest CAGR in the Switching Mode Power Supply (SMPS) market due to the increasing need for efficient power conversion in a variety of applications. Their capability to convert AC power from mains electricity into stable DC power is crucial for powering modern electronics, telecommunications equipment, and industrial systems. Rising demand for consumer electronics, data centers, and renewable energy systems drives this growth, highlighting the importance of reliable AC to DC conversion.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Switching Mode Power Supply Industry. Request a Free Sample PDF!

Switching Mode Power Supply Market Technology Segment Analysis

According to Cognitive Market Research, the dominant category is Current Mode PWM. Current Mode PWM technology captures the largest market share in the Switching Mode Power Supply (SMPS) market due to its superior performance in regulating power output and ensuring stability. It offers precise control over output voltage and current, enhancing efficiency and reducing electromagnetic interference. Its robustness in managing transient responses and load variations makes it ideal for high-performance applications. These benefits, combined with its widespread use in consumer electronics and industrial systems, drive its dominant market share.

Voltage Mode PWM technology is growing at the highest CAGR in the Switching Mode Power Supply (SMPS) market due to its simplicity and efficiency in regulating output voltage. It provides effective control over power supply performance, reduces component count, and enhances system reliability. As demand for compact, high-efficiency power supplies increases in consumer electronics, industrial applications, and renewable energy systems, Voltage Mode PWM’s cost-effectiveness and ease of implementation drive its rapid adoption and market growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Switching Mode Power Supply End User Segment Analysis

Switching Mode Power Supply Market End User Segment Analysis

According to Cognitive Market Research, the dominant category is Consumer Electronics. The Consumer Electronics end user segment captures the largest market share in the Switching Mode Power Supply (SMPS) market due to the high demand for compact, efficient power supplies in devices like smartphones, tablets, laptops, and home appliances. The rapid growth of consumer electronics, driven by technological advancements and increasing consumer adoption, drives significant demand for SMPS solutions. Their efficiency, reliability, and ability to handle varying power needs make them ideal for powering a wide range of consumer electronics.

The Industrial Communication end user segment is growing at the highest CAGR in the Switching Mode Power Supply (SMPS) market due to the increasing need for reliable and efficient power solutions in industrial automation and communication systems. The rise of Industry 4.0, smart factories, and advanced industrial networks demands robust power supplies that ensure stable and uninterrupted operation. SMPS technologies offer high efficiency, noise immunity, and reliability, making them essential for powering sophisticated industrial communication equipment and systems.

• Consumer Electronics
• Industrial communication
• Communication
• Others

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Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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