Step-Down Voltage Regulator Market Trends
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
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
17.1% |
|
Base Year Market Size (2024) |
USD 2.74 billion |
|
Forecast Year Market Size (2037) |
USD 21.33 billion |
|
Regional Scope |
|
