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Switch Mode Power Supply (SMPS) Market

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Switch Mode Power Supply (SMPS) Market- Increasing Need For Wide Output Range
Of Power Switches
Switch Mode Power Supply (SMPS) Market: Overview
A switch mode power supply (SMPS) is an electronic circuit that converts power with
the help of capacitors or inductors. They supply power when the switching device is
in non-conduction state or with the use of switching devices that turn on/off at high
frequencies. Switch mode power supplies (SMPS) are widely used in a variety of
electronic equipment including machine tool products, audio/video products,
computers, security systems, and other sensitive equipment that require stable and
efficient power supply. Based on type of output and input voltages, switch mode
power supplies (SMPS) are classified into AC to DC, DC to DC, DC to AC, and AC to
AC. Use of switch mode power supply (SMPS) offers several advantages in terms of
low heat generation, high-efficiency voltage conversion, and significant antiinterference capabilities. Furthermore, switch mode power supplies (SMPS) are
important for use in electronic projects and several other applications that consume
large amounts of power.
Switch Mode Power Supply (SMPS) Market: Trends and Opportunities
The global switch mode power supply (SMPS) market is primarily driven by rising
demand for consumer electronics among end-users. This is primarily because switch
mode power supply (SMPS) have higher efficiency than linear regulators, as the
switching transistor dissipates little power when acting as a switch. Increasing need
to manage the size and weight of the electronic circuit of electronic devices is also
projected to fuel the demand for switch mode power supplies (SMPS) across the
world in the next few years. This is primarily because switch mode power supply
(SMPS) are smaller in size and lighter in weight. Furthermore, increasing demand for
better power efficiency is another key factor propelling the growth of global switch
mode power supply (SMPS) market in the next few year. Moreover, increasing need
for wide output range of power switches is anticipated to fuel the demand for switch
mode power supplies (SMPS) across the world in the near future, as these supplies
have higher output range than those that come with the older technology. However,
complex circuit design and higher costs of switch mode power supply (SMPS) than
linear supplies are key factors that would hinder the global switch mode power
supply (SMPS) market during the forecast period.
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Switch Mode Power Supply (SMPS) Market: Segmentation
The global switch mode power supply (SMPS) market can be segmented based on
type, application, and region. In terms of type, switch mode power supply (SMPS)
the market can be divided into DC-DC converter, forward converter, flyback
converter, and self-oscillating flyback converter. Based on application, the global
switch mode power supply (SMPS) market can be classified into consumer electronics,
industrial, communication, mobile phone chargers, automobiles, medical equipment,
vehicles, railway system, and security system.
In terms of region, the global switch mode power supply (SMPS) market can be
segmented into Europe, South America, Asia Pacific, North America, and Middle East
& Africa. North America is estimated to hold a major share of the global switch
mode power supply (SMPS) market during the forecast period. North America is
anticipated to witness high adoption of switch mode power supplies (SMPS) in the
near future, due to significant growth of the electronics industry in the U.S. and
Canada. The market in Asia Pacific is projected to expand significantly during the
forecast period. Demand for switch mode power supplies (SMPS) in the region
primarily comes from countries such as Australia, India, Japan, and China. China
holds the largest share of the market in Asia Pacific.
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