Intelligent Power Switches Industry - Regional Synopsis
North American Market Forecast
North America industry is set to account for largest revenue share of 28% by 2037, due to range of organizations focused on innovation and using emerging technology to enhance the efficiency of existing intelligent power switches in the region.. The allocation factor is based on the fact that a number of organisations are focusing on innovation and using advanced technology to enhance the efficiency of current intelligent power switches, funded by both State and Federal industrial funds. For instance, the Consumer Technology Association (CTA) projects that the U.S. consumer technology industry will bring in over USD 505 billion in retail sales revenue in 2022, an increase of 2.8% in revenue from 2021.
APAC Market Statistics
Asia Pacific region is expected to hold 25% share of the global intelligent power switches market by 2037. The growth in this market has been driven by different pockets of algorithmic improvements and improved reliability for their intelligent power switches. The region is expected to generate potential in the market for intelligent switches over the next few years.
