MARKET OVERVIEW
A Switched-Mode Power Supply
(SMPS)—also known as a switchingmode power supply or switcher—is an electronic power supply that utilizes a switching regulator to convert electrical power with high efficiency.
MARKET SIZE & GROWTH
• The global Switching Power Supply Market was valued at $28,130 million in 2024.
• It is projected to reach $39,410 million by 2031.
• The market is expected to grow at a CAGR of 5.1% during the forecast period.
