Industrial Power Supply Market Key Players, Industry Demand, Overview And Supply Chain Analysis, Forecast To 2027

The major factors which are driving the growth of the Global Industrial Power Supply market are emerging Telcom sector, and growing demand for energy efficient power supply equipment. The rising user of consumer electronics coupled with strict restriction of Hazardous Substances (RoHS) compliance across the globe is also boosting the growth of the market. In addition to this, the increasing demand for automation devices for industrial application is further fuelling the industrial supply market. Moreover, the growing number of data centers and the increasing requirement for reliable power supply in medical & healthcare device are further propelling the growth of the market. However, the growing adoption of high voltage direct current  and renewable energy sources which is constraining the AC-DC power supply which hamper the growth of the market.

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Power supply refers to the process of providing power to the various electrical loads. Power supplies are integrated to almost every type of electronic or electrical devices. Various type of power sources are required to operate industrial machinery which include plant line side ac voltage down to the electronic devices power supplies. Industrial power supply is capable of delivering power up to 1000 Watts and so on. Industrial Power supply is used by several verticals such as consumer electronics, medical & healthcare, lighting, military & defense, food & beverages among others.

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Based on product type, the DC-AC invertor segment is expected to grow at a higher CAGR during the forecast period owing to the increasing adoption of DC-AC invertor across several application such as application in areas  of HVDC power transmission, electric motor speed control, induction heating, power grid, solar, and electroshock weapons.

Based on  the output power, the medium output (1,000 W–10 kW) segment is projected to grow at a higher CAGR in the market during the forecast period owing to the wide usage across various application such as audio/video broadcasting, packing equipment, inverter stations in solar technology, automatic test equipment among others. In addition to this, industrial automation, warehousing, medical & healthcare, railway signalling, and transportation is further increasing the demand for medium output power supplies.

Based on the Vertical, the lighting segment is anticipated to lead the market during the forecast period due to the increasing usage of LED lighting in street lighting, traffic signals, historical places lighting, medical lighting, automotive lighting, electronic displays, and factory lighting systems. The increasing government initiatives along with eco-friendly and cost-effective nature of LED lights, further fuels the growth of the market.

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Based on the region, Asia-Pacific region is projected to grow at a higher CAGR in the global Industrial Power Supply market during the forecast period owing to the growing automation in sector such as manufacturing coupled with rising construction industry in countries such as India and China.

The major key players in the market include MEAN WELL Enterprises Co., Ltd., TDK-Lambda Corporation, General Electric, Siemens AG, XP Power, Artesyn Technologies, Murata Power Solutions Inc., Phoenix Contact, Delta Electronics, Cosel, Puls among others.

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Key Development:

• In Oct 2019, Murata Power Solutions launched an open-frame PQU650 series, 650 W-rated AC-DC power supplies which offer high power density with convection-cooled ambient ratings and forced-air.
• In Sep 2019, XP Power launched two new series of wide input range chassis and DIN rail mount DC-DC converters. It provide fast and easy installation, into a wide variety of industrial and ITE applications.

The Global Industrial Power Supply market has been segmented based on the Product Type, Type, Vertical and key region. Based on Product Type, the market is segmented into AC-DC Converter, DC-DC Convertor, and DC-AC Convertor. Based on AC-DC Converter, the market is further segmented into Enclosed/Encapsulated, Din Rail, Open Frame, PCB Mount, and Configurable Type. Based on DC-DC Convertor, the market is further segmented into Isolated, and Nonisolated. Based on DC-AC Convertor, the market is further segmented into Wall-Mount Inverter, Rack-Mount Inverter, and Card-Mount Inverter. Based on output power, the market is segmented into Low Output (Up to 1,000 W), Medium Output (1,000 W–10 kW), High Output (10–75 kW)and High Output (75–150 kW). Based on Vertical, the market is segmented into Lighting, Consumer Electronics, Transportation, Food & Beverage, Military & Aerospace, Telecommunication, Medical & Healthcare, and Others.

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