Step-Down Voltage Regulator Market Size & Share, by Type (AC Step-Down Regulator, DC Step-Down Regulator); Application {Adapters, Charger, XDSL Modems, Drones, Battery Management System (BMS)}; End-user (Consumer Electronics, Aerospace, Defense, Telecommunications, Semiconductors, Healthcare, Industrial, Automotive) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4009
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Step-Down Voltage Regulator Market size is estimated to surpass USD 7 billion by the end of 2035, growing at a CAGR of 17% during the forecast period, i.e., 2023-2035. In the year 2022, the industry 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. 


Step-Down Voltage Regulator Market
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Step-Down Voltage Regulator Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Application of the Regulators in Adapters and Chargers – Rising utilization of step-down voltage regulators in adaptors and chargers is expected to drive the growth of step down voltage regulator market in the forecast period. In smartphone chargers, a step-down voltage regulator is used to regulate the voltage and current supplied to a smartphone battery so that the battery can be charged safely and efficiently. A regulator reduces the voltage from a power supply. Keeping the outlet or USB port at a low voltage is suitable for smartphone batteries. The regulator also regulates the current supplied to the battery to prevent overcharging and damaging the battery. The step-down voltage regulator used in smartphone chargers is Texas Instruments' LM7805 voltage regulator. This regulator regulates the voltage to 5V suitable for charging smartphones and other electronic devices. 
  • Increasing Sale of Smartphone and Laptops – Step-down voltage regulators is widely used in consumer electronics especially in smartphones and laptops as devices require a reliable and efficient power supply, and step-down voltage regulators help regulate the voltage and prevent damage to the devices. In 2021, smartphone sellers sold almost 1.45 billion smartphones globally, and almost 280 million laptops were sold by laptop vendors worldwide.
  • Rising Adoption of Renewable Energy Sources - The increasing adoption of renewable energy sources such as solar and wind power is expected to drive the growth of the step-down voltage regulators market in the forecast period. These regulators are used to regulate the output voltage of renewable energy sources to ensure compatibility with the grid and other electrical equipment. In 2020, around 29% of electricity worldwide was generated with renewable energy sources.
  • Growing Industrial Automation – Growing industrial automation industry is expected to drive the market growth step-down voltage regulators market in the forecast period. This regulator is used to regulate voltage in industrial machines and equipment, ensuring they operate efficiently and safely. Industrial automation is expected to raise productivity by 0.8% to 1.4% yearly.

Challenges

  • Compatibility Problem - Step-down voltage regulator compatibility with different devices and systems can be a challenge. As electronic devices become more complex, voltage regulator compatibility becomes more important and manufacturers must ensure that their products are compatible with a wide range of devices and systems. This can hinder the growth of this market in the upcoming times.
  • Competition from in-built Buck-Boost Regulators
  • Complexity in Design

Step-Down Voltage Regulator Market: Key Insights

Base Year

2022

Forecast Year

2023 – 2035

CAGR

~17%

Base Year Market Size (2022)

~USD 2 billion

Forecast Year Market Size (2035)

~USD 7 billion

Regional Synopsis

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

 

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Step-Down Voltage Regulator Segmentation

End-user (Consumer Electronics, Aerospace, Defense, Telecommunications, Semiconductors, Healthcare, Industrial, Automotive)

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.

Type (AC Step-Down Regulator, DC Step-Down Regulator)

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 market includes the following segments:

        By Type

  • AC Step-Down Regulator

  • DC Step-Down Regulator

        By Application

  • Adapters and Charger

  •  XDSL Modems

  • Drones

  • Battery Management System (BMS)

  • Others

        By End User

  • Consumer Electronics

  •  Aerospace and Defense

  •  Telecommunications

  •  Semiconductors

  •  Healthcare

  • Industrial

  • Automotive

  • Others


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Step-Down Voltage Regulator Industry - Regional Synopsis

North American Market Forecast

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. 

APAC Market Statistics

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.  

Europe Market Forecast

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.  

Research Nester
Step-Down Voltage Regulator Market Size
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Companies Dominating the Step-Down Voltage Regulator Landscape

top-features-companies
    • ABB Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Analog Devices, Inc.
    • Cypress Semiconductor Corporation
    • Diodes Incorporated
    • Eaton Corporation
    • Infineon Technologies AG
    • Renesas Electronics Corporation
    • Maxim Integrated
    • Microchip Technology Inc.
    • Chroma ATE Inc.

In-the-news

In The News

  • ABB Ltd. announced the acquisition of ASTI Group, with the insight to drive the next generation of flexible automation.
  • Chroma ATE Inc. launched a battery stabilizer Chroma 61500 AC to provide immunity and stability to the electronics system.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 4009
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing application of step-down voltage regulators in chargers and adapters to boost the market growth.

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.

Competition from in-built buck-boost regulators is estimated to hamper the market growth.

North America is estimated to create notable growth opportunities for market growth over the forecast period.

The major players in the market are Analog Devices, Inc., Cypress Semiconductor Corporation, Diodes Incorporated, Eaton Corporation, Infineon Technologies AG, and Others.

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.

The market is segmented by application, end-user, type, and by region.

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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