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