Global Industrial Power Supply Market Forecast and Trends Analysis Research Report 2020-2027

Growth opportunities in the global industrial power supply market look promising over the next six years. The rising demand for energy-efficient power supply equipment and the growing telecom sector are the key factors driving the growth of the global industrial power supply market.

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Introduction of the Industrial Power Supply Market:

The process of offering power to several electrical loads is called a power supply. It is usually combined with almost every kind of electronic or electrical devices. Different types of power sources are needed to control industrial machinery, such as plant line side ac voltage down to the electronic devices power supplies. The industrial power supply can deliver power up to 1000 Watts. It can be utilized by various verticals, which include food & beverages, consumer electronics, medical & healthcare, military & defense, and lighting.

Industrial Power Supply Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The global industrial power supply market is expected to witness strong growth during the forecast period due to rising demand for energy-efficient power supply equipment and the growing telecom sector. Moreover, some of the major factors contributing to the market growth include stringent restriction of Hazardous Substances (RoHS) compliance, followed by the increasing use of consumer electronics globally. The upsurge in demand for automation devices for industrial applications will further propel the market growth. In addition to this, the growing need for reliable power supply for medical & healthcare devices as well as the increasing number of data centers are some major factors accelerating the growth of the industrial power supply market. On the other hand, the factors restraining the growth of the market include the rising adoption of high voltage direct current and renewable energy sources, which is restricting the AC-DC power supply.

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Based on the region, the Asia-Pacific region is expected to grow at a higher CAGR during the forecast period. This is attributed to the expansion in the automation sector, which includes manufacturing, followed by the growing construction industry in developing economies such as India and China.

Based on product type, the DC-AC invertor segment is anticipated to grow at a higher CAGR during the forecast period. The rising adoption of DC-AC invertor in various application, including electric motor speed control, application in areas of HVDC power transmission, power grid, induction heating, solar, and electroshock weapons, which will bolster the growth of the market.

Key Players of the Global Industrial Power Supply Market:

·        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

Industrial Power Supply Market Segmentation:

Segmentation by Product Type:

·        AC-DC Converter

o    Enclosed/Encapsulated

o    Din Rail

o    Open Frame

o    PCB Mount

o    Configurable Type

·        DC-DC Convertor

o    Isolated

o    Nonisolated

·        DC-AC Convertor

o    Wall-Mount Inverter

o    Rack-Mount Inverter

o    Card-Mount Inverter

Segmentation by Output Power:

·        Low Output (Up to 1,000 W)

·        Medium Output (1,000 W–10 kW)

·        High Output (10–75 kW)

Segmentation by Vertical:

·        Lighting

·        Consumer Electronics

·        Transportation

·        Food & Beverage

·        Military & Aerospace

·        Telecommunication

·        Medical & Healthcare

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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