Global Step-Down Voltage Regulator Market Highlights over 2022 – 2031
The global step-down voltage regulator market is estimated to grow at a notable CAGR over the forecast period, i.e., 2022 – 2031. Step-down voltage regulator basically lowers the output voltage than its input voltage. The primary function of a step-down voltage regulator is to maintain the supply voltage within acceptable limits. A combination of step-up and step-down regulators is used in rechargeable batteries, to carry on the change-discharge function. The growth of the market can be attributed to the various advantages of step-down voltage regulator, including low current consumption, high input voltage, high output current, and wide temperature range. Step-down voltage regulators are used in computers, smartphone adapters and chargers, drones, smart watches, and others. Therefore, the growing sales of computers, laptops, and smartphones is estimated to boost the market growth. For instance, it was observed that more than 1.3 billion smartphones were sold across the world in 2020. Moreover, as per a report by the World Bank, 7.993 mobile subscriptions were active in 2019. Such factors are further expected to boost the market growth.
The market is segmented by application into adapters and charger, XDSL modems, drones, battery management system (BMS), and others out of which, the adapters and charger segment is anticipated to hold a substantial share in the global step-down voltage regulator market over the forecast period on account of increasing demand for chargers for electronic appliances, especially smartphones and laptops. Step-down voltage regulators are required to protect the devices from any fluctuation in the current, and allow safe charging. CLICK TO DOWNLOAD SAMPLE REPORT
Major Macro-Economic Indicators Impacting the Market Growth
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
Global Step-Down Voltage Regulator Market Regional Synopsis
On the basis of geographical analysis, the global step-down voltage regulator market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of adoption of advanced technologies in the APAC region, along with the presence of various market leaders in the region.
The market in the North America region is anticipated to gain a substantial market share throughout the forecast period backed by the growing adoption of technology in the region. Moreover, higher internet penetration in the U.S. and Canada is estimated to boost the market growth. As per the data by the World Bank, 89.43% of the population in the U.S. used internet services in 2019.
The global step-down voltage regulator market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Our in-depth analysis of the global step-down voltage regulator market includes the following segments:
Top Featured Companies Dominating the Market
FREQUENTLY ASKED QUESTIONS
Increasing application of step-down voltage regulator in chargers and adapters to boost the market growth.
The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2022 – 2031.
The major players in the market are Analog Devices, Inc., Cypress Semiconductor Corporation, Diodes Incorporated, Eaton Corporation, Infineon Technologies AG, Renesas Electronics Corporation, Maxim Integrated, Microchip Technology Inc., and Chroma ATE Inc.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, application, end-user, and by region.
The consumer electronics segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.
Competition from in-built buck-boost regulators is estimated to hamper the market growth.
The North America region is anticipated to provide more business opportunities over the forecast period owing to the growing demand for consumer electronics in the region.
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