The [FURL=hhttps://www.industryarc.com/Report/16008/switching-power-supply-market.html]Switching Power Supply Market[/FURL] is forecast to reach $39.964 billion by 2025, after growing at a CAGR of 5.68% during the period 2019-2025. Advancements in the semiconductor industry is attributed to increasing adoption of compact and efficient power supply equipment which offers higher efficiency and superior product life. Various R&D initiatives in the switching power supply market have resulted in replacement of the traditional silicon metal-oxide-semiconductor with the GaN FET which ensures faster switching speeds, higher efficiency and performance, thus escalating growth of the switching power supply market.Key Takeaways
The switching power supply market has been analyzed to be moderately fragmented. Major players in this market include Delta Electronics Inc., Artesyn Embedded Technologies, Lite-ON, Inc., Bel fuse Inc., TDK Lamda Corporation, Murata Manufacturing Co., Ltd., Cosel Co., LTD, Meanwell Enterprises Co. Ltd., FSP Group, Salcom Plc in the switching power supply market
ATX sub-segment has been analyzed to hold major market share in 2018, owing to the wide-scale use of these power supplies in desktop PCs and servers
The demand for switching power supplies is expected to witness significant upsurge during the forecast period, owing to the growing number of hyperscale and colocation data centers across the globe
APAC registered the largest market share of 33.54% to the global switching power supply market in 2018, led by growth in the telecommunication and automotive industries in India and China.
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Switching Power Supply Market Segment Analysis - By Geography
APAC holds the largest share of 33.54% in the global switching power supply market and is expected to grow at a CAGR of 5.98% during 2019-2025. The APAC region is witnessing significant growth in the automotive industry as it hosts major automotive OEMs in countries such as Japan and China.
Switching Power Supply Market Drivers
Rapid digitalization
Rapid Surge in the electric vehicle shipment
Market Landscape
Partnerships and acquisitions along with product development and up-gradation are key strategies adopted by players in the switching power supply market. In 2018, the market for switching power supplies was analyzed to be moderately fragmented with top 10 players accounting for 67.15% of the market share. Major players in the switching power supply market include Delta Electronics Inc., Artesyn Embedded Technologies, Lite-ON, Inc., Bel fuse Inc., TDK Lamda Corporation, Murata Manufacturing Co., Ltd., Cosel Co., LTD, Meanwell Enterprises Co. Ltd., FSP Group, and Salcom Plc.
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