South Korea Compact Switching Power Supply Market was valued at USD 0.7 Billion in 2022 and is projected to reach USD 1.1 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The South Korea Compact Switching Power Supply Market is experiencing rapid growth, driven by the increasing demand from various industries for efficient, reliable, and space-saving power solutions. Compact switching power supplies (SMPS) are widely used due to their ability to efficiently convert electrical power while taking up minimal space, making them ideal for modern electronic devices, communication equipment, industrial automation, and automotive systems.
Key industries in South Korea, such as electronics, telecommunications, automotive, and manufacturing, have been actively driving the demand for compact switching power supplies. Electronics manufacturers require these power supplies to meet the compact and lightweight designs of consumer electronics like smartphones, laptops, and other portable devices. In the telecommunications sector, the need for reliable and small power supplies is growing due to the expansion of 5G networks and data centers that require power efficiency and reduced space consumption.
The automotive industry also represents a significant segment, as the shift toward electric vehicles (EVs) requires advanced power supplies to handle the high efficiency and durability required by EV systems. Additionally, industries such as robotics and industrial automation are investing heavily in compact switching power supplies to ensure that their equipment operates with precision while consuming minimal energy.
The compact switching power supply market in South Korea is characterized by several trends, including the rise of energy-efficient solutions, growing demand for miniaturization, and the need for better performance under fluctuating voltage conditions. Manufacturers are continually innovating to produce power supplies that meet strict energy efficiency standards while reducing the overall size of the units. This demand for compact designs is also pushing manufacturers to incorporate advanced technologies such as digital control and integrated circuits to optimize performance and reliability.
As industries continue to evolve, the requirement for compact switching power supplies in South Korea will continue to grow. These power supplies are expected to play a crucial role in meeting the technological advancements across multiple sectors, ensuring energy-efficient operations, and contributing to the overall development of the country’s high-tech industries.
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Delta Electronics
Artesyn Embedded Technologies
TDK Lambda
CUI Inc
XP Power
Murata Power Solutions
Bel Power Solutions
RECOM Power
Vicor Corporation
Traco Power
Astrodyne TDI
Phihong Technology
Power Integrations
PULS GmbH
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Compact Switching Power Supply Market
AC-DC Compact Switching Power Supply
DC-DC Compact Switching Power Supply
Below 50W
50W to 150W
Above 150W
Low Voltage (Below 12V)
Medium Voltage (12V to 48V)
High Voltage (Above 48V)
Consumer Electronics
Industrial Equipment
Telecommunication
Automotive
Medical Devices
LED Lighting
Others
Original Equipment Manufacturers (OEMs)
Contract Manufacturers
Aftermarket and Repair Services
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Compact Switching Power Supply Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Compact Switching Power Supply Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Compact Switching Power Supply Market, By Type
6. South Korea Compact Switching Power Supply Market, By Application
7. South Korea Compact Switching Power Supply Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Compact Switching Power Supply Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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