Market Size of Switching Regulators Power Management IC Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Switching Regulators Power Management IC Market Analysis
The global switching regulators power management IC market is expected to register a CAGR of 5.5 % during the forecast period 2022-2027. COVID-19 has had a significant impact on this market, owing primarily to supply chain disruption and unstable demand across its end-user industries. For example, the European automotive industry was severely impacted and saw a decrease in overall automotive production due to severe supply chain disruption caused by imposed lockdowns. However, as conditions improve, demand for Switching Regulators Power Management ICs (PMIC) from the automotive sector is expected to rise.
- Switching regulators receive support from a more complex design, which allows them to handle more power and produce a stable output voltage from varying input voltages. As a result, switching voltage regulators and ICs have grown in popularity in recent years, providing greater efficiency and flexibility to the user.
- For instance, in June 2022, ROHM introduced new automotive LDO regulator ICs with proper operation at nanoscale output capacitance. Nano Cap technology solves capacitor problems, opening new prospects for greater stability. The BD9xxN1 series (BD950N1G-C, BD933N1G-C, BD900N1G-C, BD950N1WG-C, BD933N1WG-C, BD900N1WG-C) is optimized for primary (direct connection to 12V) energy supplies in a wide range of applications, including powertrain, body, ADAS, and car infotainment.
- The consumer electronics market has also grown significantly in recent years. For instance, the value of smartphone sales in the United States is expected to increase to USD 74.7 billion in 2021, according to the US Census Bureau and CTA. Although switching regulator Power Management ICs (PMIC) are used in products like digital cameras, video camcorders, wireless devices, streaming media boxes and dongles, smartphones, robots, and personal computer devices, demand is expected to rise.
- Furthermore, battery charging stations and infrastructure are expected to grow worldwide. Also, with increased automation in various industries, demand for batteries has increased significantly, supporting market growth. Furthermore, innovation and rising penetration of portable batteries and power banks contribute significantly to the market.
- For instance, in October 2021, Power Global announced a USD 25 million investment in India over the next two to three years to establish a lithium-ion battery manufacturing unit and battery swapping infrastructure. Furthermore, the company constructed a one-gigawatt battery plant in Greater Noida, Uttar Pradesh. It plans to retrofit around 8 lakh existing three-wheelers in India for conversion to electric versions.
