Switch Mode Power Supply Transformers Market Size, Share & Trends Analysis Report By Type, By Application (Communications, Industrial, Consumer Electronics, Others), By Region, And Segment Forecasts, 2025 - 2030

Market Size & Trends

The global switch mode power supply transformers market size was valued at USD 2.91 billion in 2024 and is projected to grow at a CAGR of 4.7% from 2025 to 2030. The growth of this market is primarily influenced by factors such as the product's traditional efficiency, lightweight, compact design, and ability to deliver variable power conversion.

Unlike traditional transformers, switch mode power supply transformers function at significantly higher frequencies, resulting in comparatively lesser energy loss and greater energy conversion efficiency. This makes it suitable for energy-efficient applications. The compact size enables its utilization in portable and smaller electronic devices. Switch mode power supply transformers are extensively used in servers, computers, cellphone chargers, advanced medical equipment, industrial power supplies, security systems, communication devices, etc. The product's versatility, ability to provide galvanic isolation, and high-frequency application capabilities are expected to increase its utilization.

Switch-mode power supply transformers are equipped with capacities to respond quickly to sudden changes in power supply and variations, ensuring stable output voltage availability even while the load is varying. A few other benefits associated with switch-mode power supply transformers, such as reduced heat dissipation, enhanced reliability, and the requirement for less cooling, also contribute to their growing use.

Trends such as the miniaturization of products and growing demand for wearables such as fitness trackers, smartwatches, portable infotainment systems, and monitoring devices are expected to result in greater demand for switch mode power supply transformers from the consumer electronics industry during the forecast period. Significant growth in the use of smartphones, increasing dependency of businesses and individuals on technology-assisted systems and devices, growing use of monitors and screens, and increased utilization of advanced medical equipment in the healthcare services industry are expected to influence the growth experienced by this market.

Type Insights

The AC to DC segment dominated the global switch mode power supply transformer industry with revenue share of 47.7% in 2024. Consumer electronic devices and accessories such as mobile phone chargers, laptops, personal computers, televisions, monitors, and home appliances are primary application areas for this segment. Growing demand for industrial equipment such as automation systems, PLC systems, Variable Frequency Drives (VFDs), and others also contribute to the growing utilization of switch mode power supply transformers.

The DC to DC segment is projected to experience significant growth during the forecast period. Devices that are linked with DC to DC conversion include portable electronics such as laptops, smartphones, tablets, industrial equipment, communication devices, power management systems and others. Growing utilization of these devices and systems is adding growth opportunities for this segment.

Application Insights

The consumer electronics segment held the largest revenue share of the global switch mode power supply transformer industry in 2024. This is attributed to the growing utilization of switch mode power supply transformers in consumer electronics owing to their compact size, high-frequency operating capacities, light weight, ability to provide stable power output, and others. Increasing demand for wearables, new product launches by multiple consumer electronics companies, and growing dependence on devices worldwide are key growth factors for this segment.

The industrial equipment segment is anticipated to experience significant growth during the forecast period. The development of this segment is primarily influenced by the increasing utilization of switch mode power supply transformers in industrial equipment, including automation systems. It is also incorporated in instrumentation devices such as digital multimeters, signal generators, oscilloscopes, power analyzers, data acquisition systems, spectrum analyzers, and others.

Regional Insights

Asia Pacific dominated the global switch mode power supply transformer industry with a revenue share of 35.8% in 2024. This market is mainly driven by the presence of highly populated countries such as China and India, which are considered valuable markets for the consumer electronics industry. The robust manufacturing industry associated with electronics, medical equipment, industrial equipment, and automotive products also contributes to the growth experienced by this market.

China Switch Mode Power Supply Transformers Market Trends

China held the largest revenue share of the regional industry in 2024. This is attributed to factors such as the country's strong presence of manufacturing industry participants and the large-scale production of electric vehicles. Additionally, China's growing participation in global trade is associated with consumer electronics and its components and increasing domestic demand for consumer electronic devices.

Europe Switch Mode Power Supply Transformers Market Trends

Europe was identified as one of the key global switch mode power supply transformer industry regions in 2024. This is attributed to factors such as the robust manufacturing industry operating in the region, which has been focusing on the adoption of automation, increasing use of industrial equipment in the region, and growing demand for consumer electronics.

Germany dominated the regional industry in 2024. Germany is home to multiple manufacturing facilities operating in various sectors, including automotive, paints and coatings, technology, consumer electronics, food processing equipment, home appliances, and others. This has increased demand for automation systems, instrumentation devices, and other industrial equipment. The significant role of the switch mode power supply transformers market in these equipment and systems is expected to add growth for this market during the forecast period.

North America Switch Mode Power Supply Transformers Market Trends

North America is projected to experience significant growth during the forecast period. The region's strong IT and telecom industry, businesses' and individuals' increasing dependency on technology, the large-scale adoption of automation in the manufacturing industry, and the growing demand for consumer electronics are key growth driving factors for this market.

The U.S. held the largest revenue share of the regional industry in 2024. This market is primarily influenced by continuous growth in demand for laptops, computers, monitors, and screens driven by the strong presence of the information and communication technology industry operating in the country. Noteworthy growth in the ubiquity of smartphones, increasing utilization of technology-assisted devices, and growing focus of technology and innovation industry participants on expanding the product portfolio are also likely to add growth.

Key Switch Mode Power Supply Transformers Company Insights

Some key global switch mode power supply transformer companies include Coilcraft, Inc., Pulse Electronics, Sumida Corporation, TDK Electronics AG and others. Innovation, technology advancements, and increasing research and development activities in the domain are some of the key strategies embraced by the major market participants to address growing competition and increasing demand from various sectors.

• TDK Electronics AG, one of the market participants in electronic components and systems industry, offers wide range of products including capacitors, components for harmonic filtering, RF components and modules, sensors, protection devices, inductors, EMC components, magnets and others. Transformers portfolio of company include transformers for DC/DC converters, transformers for FET, automotive transformers for ultrasonic sensors, LAN modules, and more.

• Pulse Electronics, global companies operating in electronic components market, offers variety of products such as antennas, common mode chokes, connectors, cages, current sense magnetics, custom power magnetics, EMI suppression beads, inductors and others. Its power & isolation transformers portfolio includes high isolation transformers, isolation transformers, power transformers and customer power transformers.

Switch Mode Power Supply Transformers Market Report Scope

Global Switch Mode Power Supply Transformers Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, grand view research has segmented the global switch mode power supply transformers market report based on type, application, and region.

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • AC to DC

  • DC to DC

  • DC to AC

  • AC to AC

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Communications

  • Industrial

  • Consumer Electronics

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

  • Asia Pacific

    • China

    • Japan

    • India

    • Singapore

  • Latin America

    • Brazil

  • MEA

    • UAE

    • Saudi Arabia

    • South Africa