The External Power Supplies (EPS) Market size was valued at USD 12.5 Billion in 2022 and is projected to reach USD 20.5 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The External Power Supplies (EPS) market is expanding across multiple sectors due to growing demand for reliable power solutions. These power supplies play a critical role in various applications, providing energy to devices that require stable and efficient power conversion. The market is segmented into several applications including Mobile Communications, Consumer Electronics, Telecom/Datacomm, Wireless Power & Charging, and Other sectors. Each application is uniquely driven by specific requirements, technological advancements, and increasing consumer needs for portable, efficient, and adaptive energy solutions.
In the Mobile Communications sector, External Power Supplies (EPS) are crucial for ensuring that mobile devices, such as smartphones, tablets, and wearable technology, receive uninterrupted and reliable power. The growing dependency on mobile devices for communication, entertainment, and work-related tasks has created a surge in demand for efficient charging solutions. External power supplies in this sector are designed to handle the high demand for energy from mobile devices, offering fast charging capabilities and energy efficiency. These EPS units are also increasingly designed with compactness and portability in mind to meet the needs of on-the-go consumers who require charging solutions for their mobile devices.
Moreover, the rapid advancement in mobile communication technologies, such as the rollout of 5G networks, has further driven the demand for robust EPS solutions. As mobile devices become more power-hungry due to their enhanced capabilities, there is a growing need for EPS systems that can offer higher efficiency, faster charging times, and improved durability. Companies are also focusing on developing environmentally friendly EPS products, which align with the growing demand for sustainable solutions in the mobile communications sector. As these trends continue, the Mobile Communications segment of the EPS market is poised for significant growth.
The Consumer Electronics segment represents one of the largest applications for External Power Supplies (EPS), as these devices are integral to daily life. EPS units in this category are used to power a wide range of products, including laptops, televisions, gaming consoles, and home appliances. With the proliferation of smart home devices and personal electronics, the demand for high-performance and energy-efficient external power supplies is growing. Consumers seek power solutions that not only offer high efficiency but also cater to the growing concern about energy conservation. As a result, manufacturers are focusing on creating EPS systems that combine energy-saving technologies with portability and ease of use.
Additionally, the shift towards more connected and intelligent devices, such as smart home systems and wearables, has further fueled demand for reliable EPS solutions. As consumer electronics continue to evolve, devices require more advanced power management to ensure optimal performance. The integration of wireless charging technology and advancements in battery management are also key drivers within this application segment. The increasing demand for sustainable products is prompting companies to design EPS units with a focus on energy efficiency and minimal environmental impact, leading to innovations in power supply technologies that meet both consumer expectations and regulatory standards.
In the Telecom and Datacomm industries, the demand for External Power Supplies (EPS) is driven by the need for continuous and reliable power to support the operation of telecommunications equipment and data communication networks. The rise of cloud computing, data centers, and 5G infrastructure is further fueling this demand. EPS systems in this segment need to provide stable power output under heavy load conditions, ensuring that critical telecom and datacomm operations remain uninterrupted. High-capacity EPS systems are essential for maintaining optimal performance and reducing downtime in mission-critical systems, such as base stations, switches, routers, and servers.
The Telecom/Datacomm sector also requires EPS solutions that are scalable, adaptable, and capable of handling fluctuating energy demands. With the expansion of 5G networks and the increasing volume of data traffic, there is a heightened emphasis on designing EPS units that can manage large-scale operations efficiently. These power supplies need to meet rigorous industry standards for reliability, efficiency, and safety, while also being cost-effective. As telecom and data communication technologies continue to evolve, there is increasing demand for advanced power management solutions that optimize energy use and reduce operational costs in these industries.
The Wireless Power & Charging segment has seen substantial growth due to the increasing popularity of wireless charging technologies across various devices. External Power Supplies (EPS) in this segment are tailored to support the power requirements of wireless charging pads, stations, and receivers. With the proliferation of smartphones, wearables, and other portable electronics that support wireless charging, there is a growing demand for efficient and fast-charging solutions. EPS systems in this application need to deliver high efficiency and consistent performance while maintaining safety standards for wireless power transmission.
The integration of wireless charging capabilities into a wide range of consumer electronics has spurred innovation in the EPS market. As users demand more convenience and faster charging speeds, the development of high-power wireless charging systems has gained momentum. The wireless power & charging sector also benefits from advancements in technologies such as Qi wireless charging, which has become a universal standard for various devices. As the industry continues to expand, there will be a greater emphasis on improving charging speed, reducing heat generation, and enhancing energy efficiency in wireless charging EPS solutions.
The "Other" category in the External Power Supplies (EPS) market includes a variety of niche applications that span across industries such as automotive, industrial equipment, medical devices, and more. In the automotive sector, EPS systems are employed for electric vehicles (EVs) and hybrid vehicles, where efficient energy conversion and charging solutions are critical. Similarly, industrial applications require EPS units to power machinery, automation systems, and robotics, where reliability and performance are paramount. Medical devices, such as diagnostic equipment, require precise and safe power solutions to ensure operational continuity in healthcare settings.
Other emerging applications also include IoT (Internet of Things) devices and energy storage systems, where EPS solutions are designed to handle low power consumption while maintaining operational effectiveness. The growth in these diverse sectors is driving innovation in EPS designs, focusing on compactness, energy efficiency, and compliance with safety standards. As more industries adopt advanced technologies and automation, the demand for specialized EPS solutions in these “Other” applications will continue to grow, offering opportunities for new entrants to capture market share.
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By combining cutting-edge technology with conventional knowledge, the External Power Supplies (EPS) market is well known for its creative approach. Major participants prioritize high production standards, frequently highlighting energy efficiency and sustainability. Through innovative research, strategic alliances, and ongoing product development, these businesses control both domestic and foreign markets. Prominent manufacturers ensure regulatory compliance while giving priority to changing trends and customer requests. Their competitive advantage is frequently preserved by significant R&D expenditures and a strong emphasis on selling high-end goods worldwide.
Eaton
Delta Electronics (Eltek)
Lite-On Technology
Acbel Polytech
Salcomp
Chicony Power
Emerson (Artesyn)
Flextronics
Mean Well
TDK Lambda
Phihong
FSP Group
GlobTek
Extron
Bosch Security Systems
North America (United States, Canada, and Mexico, etc.)
Asia-Pacific (China, India, Japan, South Korea, and Australia, etc.)
Europe (Germany, United Kingdom, France, Italy, and Spain, etc.)
Latin America (Brazil, Argentina, and Colombia, etc.)
Middle East & Africa (Saudi Arabia, UAE, South Africa, and Egypt, etc.)
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The EPS market is witnessing several key trends and opportunities that are shaping its future. One of the primary trends is the push towards energy efficiency and sustainability. As both consumers and businesses become more eco-conscious, there is increasing demand for EPS systems that can reduce energy consumption and minimize environmental impact. This is driving innovations in power supply design, such as the development of smart power management systems that optimize energy usage. Manufacturers are also adopting more sustainable materials and production processes to align with global sustainability goals.
Another significant trend is the rise of wireless power and charging technology. The increasing adoption of wireless charging standards, such as Qi, is opening up new avenues for EPS solutions. The shift towards wireless power systems not only offers convenience but also provides opportunities for further technological advancements in energy transfer, speed, and safety. Additionally, the growth of electric vehicles (EVs) and renewable energy sources is presenting new opportunities for EPS systems that support fast-charging infrastructure and energy storage solutions. As industries increasingly seek reliable, efficient, and eco-friendly power solutions, the EPS market is positioned for continued growth, with significant opportunities in both established and emerging sectors.
What is an External Power Supply (EPS)?
An External Power Supply (EPS) is a device that converts electrical power to a form suitable for powering electronic devices, often providing energy to devices externally rather than internally from batteries.
What are the main applications of EPS in the market?
The main applications of EPS include mobile communications, consumer electronics, telecom/datacomm, wireless power & charging, and various other sectors like automotive, industrial, and medical devices.
How does the growing adoption of 5G affect the EPS market?
The adoption of 5G increases demand for higher-capacity EPS solutions to support more power-hungry telecom equipment and mobile devices, driving growth in the EPS market.
What trends are shaping the future of the EPS market?
Key trends include a focus on energy efficiency, sustainability, wireless charging advancements, and the growing demand for EPS solutions in electric vehicles and renewable energy applications.
What is driving the demand for EPS in consumer electronics?
The growing demand for portable, energy-efficient devices, including smartphones, laptops, and home appliances, is driving the need for reliable EPS solutions in consumer electronics.
What role does wireless power & charging play in the EPS market?
Wireless power & charging is revolutionizing the EPS market by offering convenient, fast-charging solutions, particularly for smartphones, wearables, and other portable electronics.
How do EPS solutions support telecom/datacomm infrastructure?
EPS solutions provide reliable, continuous power to telecom/datacomm equipment, such as routers, switches, and data centers, ensuring uninterrupted service and operational stability.
What opportunities exist in the EPS market for electric vehicles (EVs)?
The growth of the electric vehicle market presents opportunities for EPS solutions that can provide fast-charging infrastructure and energy-efficient power management for EVs.
Are EPS solutions becoming more energy-efficient?
Yes, manufacturers are increasingly focusing on developing EPS solutions that optimize energy consumption and reduce environmental impact, responding to growing consumer and regulatory demand for energy efficiency.
What is the impact of the Internet of Things (IoT) on the EPS market?
The rise of IoT devices is creating a demand for low-power EPS solutions that can support continuous connectivity while maintaining energy efficiency and operational reliability.