The growing investment in infrastructure for smart grids is a significant driver for the DIN rail power supply market. As utilities and governments worldwide recognize the importance of modernizing electrical grids to improve efficiency, reliability, and sustainability, they are increasingly allocating funds towards the development of smart grid technologies. These initiatives aim to create a more interconnected and responsive energy system, which requires robust power supply solutions to support various components, including sensors, communication devices, and control systems.
The investment in smart grid infrastructure significantly drives the DIN rail power supply market by creating demand for reliable and efficient power solutions. The need for modernized energy systems necessitates the integration of advanced technologies that require dependable power sources. As the energy landscape evolves towards sustainability, DIN rail power supplies play a crucial role in supporting this transition. Their compact design and adaptability make them ideal for various applications within smart grids, ensuring their continued relevance in the energy sector. Thus, the growth of smart grids presents a substantial driver for the DIN rail power supply market.
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Data Bridge Market Research analyses that the Global DIN Rail Power Supply Market is expected to reach USD 3.37 billion by 2031 from USD 1.44 billion in 2024, growing with a CAGR of 11.2% in the forecast period of 2024 to 2031.
Key Findings of the Study
Rising Need for Backup Power Solutions for Smooth Operation
The increasing frequency of power outages and the growing reliance on digital systems have underscored the necessity for reliable backup power solutions across various sectors. Industries, healthcare facilities, and data centers are particularly vulnerable to disruptions, which can lead to significant operational losses and compromise safety. As a result, organizations are prioritizing the implementation of robust backup power systems to ensure continuous operation, creating a substantial demand for efficient power supply solutions, including DIN rail power supplies
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD thousand
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Segments Covered
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Components (Electrical Components, IT, Distribution Boxes, Machines, Cabinets), Phase Type (Single-Phase, Three-Phase, and Two-Phase), Current Type (AC and DC), Power (Less than 900 Watt and More than 900 Watt), Shape Type (Hat-Shaped and U-Shaped), Application (Automation, Industrial Control, and Process Control), Weight Range (More Than 15 GMS and Less Than 15 GMS), End Use (Chemical, Power & Energy, Oil & Gas, Chemical, Medical, and Enterprise)
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Countries Covered
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U.S., Canada, Mexico, China, Japan, India, South Korea, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam, Rest of Asia-Pacific, U.K., Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Sweden, Belgium, Denmark, Poland, Norway, Turkey, Finland, Rest of Europe, Saudi Arabia, South Africa, U.A.E., Israel, Egypt, Qatar, Oman, Kuwait, Bahrain, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America
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Market Players Covered
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MEAN WELL Enterprises Co., Ltd. (Taiwan), Siemens (Germany), ABB (Switzerland), Schneider Electric (France), Phoenix Contact (Germany), Omron Corporation (Japan), Pepperl+Fuchs (Germany), Rockwell Automation (U.S.), P-DUKE Technology Co., Ltd. (Taiwan), Weidmüller Interface GmbH & Co. KG (Germany), TDK-Lambda Corporation (Japan), PULS GmbH (Germany), CUI Inc (U.S.), and RECOM Power GmbH (U.S.)
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis
Global DIN rail power supply market is segmented into eight notable segments based on components, phase type, current type, power, shape type, application, weight range, and end use.
- On the basis of components, the market is segmented into electrical components, IT, distribution boxes, machines, cabinets, and others
In 2024, the electrical components segment is expected to dominate with 33.20 %market share
In 2024, the electrical components segment is expected to dominate the due the essential role these components play in ensuring stable and efficient power distribution. As industries increasingly rely on complex electrical systems, the demand for reliable power supplies equipped with high-quality electrical components grows.
- On the basis of phase type, the market is segmented into single-phase, three-phase, and two-phase.
In 2024, the single-phase segment is expected to dominate with 51.83% market share
In 2024, Single-Phase is expected to dominate the market due its widespread applicability in residential and light commercial settings. Single-phase power is commonly used in many industrial applications, making it a practical choice for powering various equipment and systems.
- On the basis of current type, the market is segmented into AC and DC. In 2024, AC is expected to dominate the market with 64.82% market share
- On the basis of power, the market is segmented into less than 900 Watt and More than 900 Watt. In 2024, the farm produce segment is expected to dominate the market with 68.46% market share
- On the basis of shape type, the market is segmented into Hat-Shaped, and U-Shaped. In 2024, the Hat Shaped segment is expected to dominate the market with 75.10% market share
- On the basis of application, the market is segmented into automation, industrial control, process control, and others. In 2024, the automation segment is expected to dominate the market with 42.56% market share
- On the basis of weight range, the market is segmented into more than 15 GMS, and less than 15 GMS. In 2024, the more than 15 GMS segment is expected to dominate the market with 84.53% market share
- On the basis of end use, the market is segmented into industrial, power & energy, oil & gas, chemical, medical, enterprise and others. In 2024, the industrial segment is expected to dominate the market with 35.21% market share
Major Players
Data Bridge Market Research analyzes ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (U.S.), MEAN WELL Enterprises Co., Ltd. (Taiwan) as the major companies operating in the global DIN Rail Power Supply market .
Market Development
- In October 2024, Siemens partnered with Alliander to enhance flexible grid management in the Netherlands, utilizing the Gridscale X platform to improve grid utilization by up to 30 percent. This collaboration addressed challenges related to the energy transition and helped manage increased customer demand for connections. As a result, Siemens strengthened its position as a key technology partner in the energy sector, contributing to a more sustainable and reliable grid for millions of customers
- In June 2024, In August, Siemens Mobility leads a consortium to deliver a new power supply system for Singapore's Cross Island Line, enhancing the country's rail infrastructure. This project not only boosts Siemens' reputation as a leader in sustainable transport solutions but also strengthens its position in the Asia-Pacific market, fostering future growth opportunities in railway technology
- In February 2024, The ABB revealed it had entered an agreement to acquire SEAM Group, enhancing its Electrification Service portfolio. This acquisition expanded ABB’s expertise in asset management and advisory services, addressing the rising demand for safer, smarter, and more sustainable operations across various industries
- In October 2023, MEAN WELL has launched the DDRH-120/240 series, ultra-wide 250~1500Vdc DIN rail DC-DC converters. Featuring a fanless design, high isolation, and excellent EMC performance, these converters are ideal for renewable energy applications, including photovoltaics and energy storage systems
Regional Analysis
Geographically, the countries covered in the global virtual infrastructure manager market report are U.S., Canada, Mexico, China, Japan, India, South Korea, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam, Rest of Asia-Pacific, Italy, France, Germany, Spain, Poland, Netherlands, Romania, Denmark, Belgium, Greece, Hungary, Portugal, Ireland, Austria, Czechia, Sweden, Bulgaria, Finland, Croatia, Lithuania, Slovenia, Latvia, Slovakia, Cyprus, Estonia, Luxembourg, Malta, Non-EU Europe, Saudi Arabia, South Africa, Egypt, Bahrain, Oman, Israel, Kuwait, Qatar, U.A.E., Rest of Middle East and Africa, Brazil, Argentina, Mexico, Rest of Latin America.
As per Data Bridge Market Research analysis:
North America is expected to dominate and be the fastest growing region in the Global DIN Rail Power Supply Market
In 2024, Europe is expected to dominate the DIN rail power supply market due to region's strong emphasis on energy efficiency, increasing adoption of renewable energy sources, and stringent regulatory standards are contributing to this growth. In addition, the expanding industrial automation sector and rising demand for reliable power supplies in various applications, such as telecommunications and smart grid technologies, are further enhancing the market potential.
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