Step-Down Voltage Regulator Market Analysis by Type (AC Step-Down Regulator, DC Step-Down Regulator); Application {Adapters, Charger, XDSL Modems, Drones, Battery Management System (BMS), and Others}; End-User (Consumer Electronics, Aerospace and Defense, Telecommunications, Semiconductors, Healthcare, Industrial, Automotive) – Global Supply & Demand Analysis & Opportunity Outlook 2023 – 2035
Buy Now Report ID: 4009 | Published Date: May 02, 2023
The global step-down voltage regulator market size is estimated to reach ~USD 7 billion by the end of 2035 by growing at a CAGR of ~17% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of step-down voltage regulators was ~USD 2 billion. The growth of this market can be ascribed to the rising demand for development in advanced technologies in various sectors such as the medical and industrial sectors is expected to drive the growth of the market in the forecast period. Increasing demand for smartphones, tablets, and other consumer electronics drives the growth of the market. These devices require a reliable and efficient power supply, and step-down voltage regulators help regulate the voltage to prevent damage to the device. The largest growth during this period was in 2020, with consumer electronics industry revenue increasing by 26.2% year-on-year. By comparison, the industry grew at a slower rate he 14.1% in 2019.
New and innovative technological developments in the market are driving the growth of the market. Manufacturers are investing in research and development to introduce more efficient, reliable, and better-performing regulators. The increasing adoption of renewable energy sources such as solar and wind have increased the demand for step-down voltage regulators. These regulators are used to regulate the output voltage of renewable energy sources to ensure compatibility with the grid and other electrical equipment. In 2021, renewable electricity generation increased by nearly 7%, a record increase of 522 TWh. Wind and solar technologies together account for nearly 90% of that increase.
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Base Year |
2022 |
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Forecast Year |
2023 – 2035 |
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CAGR |
~17% |
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Base Year Market Size (2022) |
~USD 2 billion |
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Forecast Year Market Size (2035) |
~USD 7 billion |
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Regional Synopsis |
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Growth Drivers
Challenges
The global market is segmented and analyzed for demand and supply by end users into consumer electronics, aerospace and defense, telecommunications, semiconductors, healthcare, industrial, automotive, and others. Out of these, the consumer electronics segment is anticipated to account for the largest market share by the end of 2035. Step-down voltage regulators are widely used in consumer electronics such as smartphones, tablets, laptops, and other mobile devices. These devices require a reliable and efficient power supply, and a step-down voltage regulator helps to regulate the voltage and avoid damage to the equipment. In 2022, more than 2.2 billion consumer electronic units were produced globally.
The global market is segmented and analyzed for demand and supply by type into AC step-down regulators and DC step-down regulators. Out of this, the DC step-down regulator is anticipated to hold the largest market share by the end of 2035. A DC step-down voltage regulator is a device that converts direct current (DC) to alternating current (AC). It uses switching technology and consumes less power than an AC regulator. Currently, to produce high-resolution images for the latest digital cameras with higher pixel counts, a more efficient battery is required.
Our in-depth analysis of the global step-down voltage regulator market includes the following segments:
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By Type |
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By Application |
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By End User |
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The market in the North American region is anticipated to gain the highest market share by the end of 2035. This is backed by the growing adoption of technology in the region. Moreover, higher internet penetration in the U.S. and Canada is estimated to boost market growth. As per the data from the World Bank, 89.43% of the population in the U.S. used Internet services in 2019. The United States is a large market for step-down voltage regulators in the region, with many leading manufacturers operating in the country. The growth of the market is also driven by the increasing adoption of renewable energy systems and the increasing demand for efficient energy management in various industries. The market is highly competitive, with many players offering a wide range of products to meet the diverse needs of customers.
The market in the Asia Pacific region is estimated to witness noteworthy growth by the end of 2035. This can be attributed to the back of adoption of advanced technologies in the APAC region, along with the presence of various market leaders in the region. The Asia-Pacific step-down voltage regulator market growth is also driven by the increasing adoption of electronic devices and systems in countries such as China, India, Japan, and Korea. This region is home to many of the leading step-down voltage regulator manufacturers and the market is very competitive. Growing demand for efficient energy management solutions, especially in the industrial and automotive sectors, is also driving market growth in the region. The rise of renewable energy systems and smart grids is expected to continue to drive demand for diminishing voltage regulators in the coming years.
The market in Europe is expected to witness significant growth by the end of 2035, owing to the growing demand for efficient energy management solutions and the increasing adoption of renewable energy systems. The automotive and industrial sectors are the main end users of step-down voltage regulators in Europe and the growing demand for electric and hybrid vehicles is expected to drive the market growth. in the area. The presence of stringent regulations regarding energy efficiency and emissions is also expected to boost demand for voltage regulators in Europe.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Abhishek Verma, Hetal Singh
Ans: Increasing application of step-down voltage regulators in chargers and adapters to boost the market growth.
Ans: The market size of the step-down voltage regulator is anticipated to attain a CAGR of ~17% over the forecast period, i.e., 2023 – 2035.
Ans: Competition from in-built buck-boost regulators is estimated to hamper the market growth.
Ans: North America is estimated to create notable growth opportunities for market growth over the forecast period.
Ans: The major players in the market are Analog Devices, Inc., Cypress Semiconductor Corporation, Diodes Incorporated, Eaton Corporation, Infineon Technologies AG, and Others.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by application, end-user, type, and by region.
Ans: The consumer electronics segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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