Switch mode power supply transformers market value to reach $2,4 B by 2027
Acumen Research and Consulting has published report on switch mode power supply transformers market.
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Acumen Research and Consulting has published report on switch mode power supply transformers market.
The report is titled “Switch mode power supply transformers market– global industry analysis, market size, opportunities and forecast, 2020-2027”.
The global switch mode power supply transformers market is expected to grow at a CAGR of around 2.8 % from 2020 to 2027 and reach the market value of over $2.4 B by 2027.
North America has dominated the global switch mode power supply transformers market in the past and is expected to do so in the future. This expansion can be attributed, in part, to the notable adoption of technology in the automotive industry.
Countries with large populations, such as China and India, have a higher demand for electronic components. Furthermore, countries such as Taiwan, Singapore, and other Asian countries are home to several electronic component manufacturers around the world. As a result of the region’s high population and high demand from manufacturing centres, the region is expected to maintain its dominance during the analysis period.
The market for switch mode power supply is expected to grow steadily, owing to the introduction of novel technological products that are both efficient and cost-effective. Companies are developing compact designs that are lighter in weight, which aids in the reduction of shipping costs. Furthermore, manufacturers’ growing desire to reduce carbon dioxide emissions has enabled them to introduce environmentally friendly products.
Key players are: Infineon Technologies AG, TDK Electronics AG, SUMIDA Corporation, TAMURA Corporation, etc.
Source: Globe Newswire