Power Supply Market Size, Share, Growth, Industry Analysis

Power Supply Market

The Power Supply Market is expected to grow at a significant CAGR over the forecast period (2020-2027).

The factors driving the growth of Power Supply Market includes rise in the number of data centers around the world, expansion of the telecommunication sector, growing demand for power supply in the healthcare and medical devices. According to the report published by Statista, the revenue generated from the sales of medical devices in India to expected to value USD 3.02 billion in 2022 and the market volume of medical devices is estimated to reach USD 9.11 billion by the end of 2027, growing at a CAGR of 9.73% over the forecast period (2022-2027), which will boost the market growth in the coming years. Moreover, rise in the penetration of consumer electronic products such as smartphones and tablets, growing trend of digitalization and increasing application of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and Machine Learning (ML) in smart homes, are some of the additional factors supplementing the Global Power Supply Market. In addition, the growing popularity of Unmanned Ariel Vehicles (UAV), increasing investments by leading players on research and development and rise in the launches of innovative products, are further propelling the Power Supply Market share.

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However, the growth of Power Supply Market is hindered due to rising adoption of high-voltage direct current (HVDC).

The major players operating in the market are Phoenix Contact, Artesyn, Delta Electronics, Inc., Siemens AG, TDK-Lambda Corporation, General Electric, COSEL Co., Ltd., MEAN WELL Enterprises Co., Ltd., XP Power, Mouser Electronics, Inc., and PULS GmbH, among others.

Output Power: Segment Analysis

Based on Output Power, the Power Supply with Low Output (500 W and Below) segment is anticipated to grow at a remarkable CAGR over the forecast period attributed to its increasing application in the Consumer Electronics and Telecommunication industries.

Vertical: Segment Analysis

Based on Vertical, the Lighting segment is estimated to expand at a robust CAGR during the forecast period. The growing adoption of Light Emitting Diode (LED) lighting systems because they are comparatively safer than the incandescent lights and offers more resistance to breakage, are some of the factors responsible for the segment’s growth.

Regional: Segment Analysis

As per the Power Supply Market Analysis, the Asia-Pacific region is projected to capture the largest market share over the forecast period. Increase in the consumption of electricity, growing demand for smartphone and laptops, rising trend of automation across different industries, rapid urbanization, and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific.

Market Segmentation

Global Power Supply Market by Output Power

• Power Supply with Low Output (500 W and Below)

• Power Supply with Medium Output (500–1,000 W)

• Power Supply with High Output (More Than 1,000 W)

Global Power Supply Market by Product Type

• AC-DC Power Supply

  • Enclosed/Encapsulated

  • Din Rail

  • Open Frame

  • PCB Mount

  • Configurable Type AC-DC Power Supply

  • Others

• DC-DC Converter

  • Isolated

  • Non-Isolated

Global Power Supply Market by Vertical

• Telecommunications

• Consumer Electronics

• Medical & Healthcare

• Military & Aerospace

• Transportation

• Lighting

• Food & Beverages

• Industrial

Global Power Supply Market by Region

• Asia Pacific

  • China

  • Japan

  • India

  • Rest of APAC

• North America

  • United States of America

  • Canada

• Europe

  • United Kingdom

  • Germany

  • France

  • Spain

  • Rest of Europe

• RoW

  • Brazil

  • South Africa

  • Saudi Arabia

  • UAE

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