Global Power Supply Market Segmentation, By Vertical (Telecommunications, Consumer Electronics, Medical and Healthcare, Military and Aerospace, Transportation, Lighting, Food and Beverages, Industrial), Type (Alternate Current-Direct Current (AC-DC), Direct Current-Direct Current (DC-DC)), Output Power (Low, Medium, High) - Industry Trends and Forecast to 2031.
Power Supply Market Analysis
Power supply is gaining large attention with the increasing need for power-efficient and durable systems. AC-DC and DC-DC power supply are being deployed across various verticals such as industrial, medical, lighting, and consumer electronics, among others.
Power Supply Market Size
Global power supply market size was valued at USD 36.99 billion in 2023 and is projected to reach USD 62.38 billion by 2031, with a CAGR of 6.75% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Power Supply Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Players
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MEAN WELL Enterprises Co. Ltd. (Taiwan), TDK Corporation (Japan), Siemens AG (Germany), General Electric (US), XP Power (Singapore), Murata Manufacturing Co. Ltd. (Japan), Emerson Electric Co. (US), PHOENIX CONTACT (Germany), Delta Electronics Inc. (Taiwan), COSEL CO. LTD. (Japan), Puls Technologies Inc (US), CUI Inc (US), AcBel Polytech Inc. (Taiwan), Sea Air & Land Communications Ltd. (US), Lite-On Cloud Infrastructure Power Solutions (Taiwan), FSP GROUP (Taiwan), MTM Power Messtechnik Mellenbach GmbH. (Germany), Power Systems & Controls Inc. (US), and Acopian Technical Company (US), among others
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Market Opportunities
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Power Supply Market Definition
Power Supply is a type of electronic equipment which is used for supply of power or energy to the electric load that requires this energy for consumption and working. The main use of power supply is to monitor and modify the current and voltage of electrical power so that the correct energy can be supplied to the load. Some of these power supplies are built into the electrical appliances and some are installed separately so that the appliances do not suffer any electrical faults.
Power Supply Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Modern Energy Services
The rise in economic growth acts as one of the major factors driving the power supply market. Also, increase in the need for reducing poverty and improving the quality of life with the help of modern energy services has a positive impact on the market.
- Internet of Things (IoT)
The rise in the applications of the Internet of Things (IoT) including smart homes, smart cities, Machine-to-Machine (M2M) communications, and Industrial IoT (IIoT), among various others accelerate the market. The rise in adoption of home and building automation systems drives the market further.
- Timely Investment
The surge in need for long term energy safety that is timely investment to supply energy further influence the market. It offers economic development and sustainable environment across the globe. The rise in the of telecommunication sector assist in the expansion of the market.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the power supply market.
Opportunities
Furthermore, increase in requirement of power supply in medical and healthcare devices extend profitable opportunities to the market players in the forecast period of 2024 to 2031. Also, use of data centers will further expand the market.
Restraints/Challenges
On the other hand, adoption of High-Voltage Direct Current (HVDC) and renewable energy sources, and various regional/country-wise regulatory and safety standards are expected to obstruct market growth. Also, stringent design considerations for input power/nonstandard AC & DC inputs are projected to challenge the power supply market in the forecast period of 2024-2031.
This power supply market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on power supply market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Power Supply Market
The COVID-19 had a negative impact on the power supply market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand power supply technology. The supply chain got hampered during the pandemic along with delay logistics activities. However, the power supply market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Power Supply Market Scope
The power supply market is segmented on the basis of vertical, type and output power. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Vertical
- Telecommunications
- Consumer Electronics
- Medical and Healthcare
- Military and Aerospace
- Transportation
- Lighting
- Food and Beverages
- Industrial
Type
- Alternate Current-Direct Current (AC-DC)
- Direct Current-Direct Current (DC-DC)
Output Power
- Low
- Medium
- High
Power Supply Market Regional Analysis
The power supply market is analyzed and market size insights and trends are provided by country, power plants, and technologies as referred above.
The countries covered in the power supply market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the power supply market because of the increase in the adoption of these solutions within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2024 to 2031 because of the surge in government initiatives in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Power Supply Market Share
The power supply market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to power supply market.
Power Supply Market Leaders Operating in the Market Are:
- MEAN WELL Enterprises Co. Ltd. (Taiwan)
- TDK Corporation (Japan)
- Siemens AG (Germany)
- General Electric (US)
- XP Power (Singapore)
- Murata Manufacturing Co. Ltd. (Japan)
- Emerson Electric Co. (US)
- PHOENIX CONTACT (Germany)
- Delta Electronics Inc. (Taiwan)
- COSEL CO. LTD. (Japan)
- Puls Technologies Inc (US)
- CUI Inc (US)
- AcBel Polytech Inc. (Taiwan)
- Sea Air & Land Communications Ltd. (US)
- Lite-On Cloud Infrastructure Power Solutions (Taiwan)
- FSP GROUP (Taiwan)
- MTM Power Messtechnik Mellenbach GmbH. (Germany)
- Power Systems & Controls Inc. (US)
- Acopian Technical Company (US)
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