AC Power Sources Market was valued at USD 3.25 Billion in 2022 and is projected to reach USD 5.80 Billion by 2030, growing at a CAGR of 8.10% from 2024 to 2030.
The AC Power Sources market has experienced significant growth from 2018 to 2022. Driven by the increasing demand for renewable energy systems, energy-efficient technologies, and the rise of electric vehicles, the market has witnessed a surge in both innovation and production. During this period, key players in the industry focused on developing advanced, high-capacity power systems capable of supporting a wide range of applications, from industrial to residential use. The growing need for uninterrupted power supply, coupled with the increasing reliance on automation, has also contributed to the market’s expansion. The demand for AC power sources in sectors such as telecommunications, healthcare, and manufacturing, especially for backup power solutions, has consistently increased.
Looking ahead to the demand from 2023 to 2033, the AC Power Sources market is expected to experience even greater demand due to several key trends shaping the industry. Increasing adoption of clean energy solutions, such as solar and wind, and the integration of smart grids are anticipated to boost the need for reliable and efficient AC power sources. As electric vehicle adoption continues to rise, with projections of a greater percentage of vehicles transitioning to electric, the need for stable and efficient AC power systems to support electric vehicle charging infrastructure is also expected to drive growth. Furthermore, advancements in energy storage systems, such as lithium-ion batteries and grid-scale storage solutions, are anticipated to require reliable AC power sources to ensure efficient energy distribution and backup during peak demand periods.
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Chroma Systems Solutions (US)
Keysight Technologies (US)
B&K Precision Corporation (US)
AMETEK Programmable Power (US)
Pacific Power Source (US)
Matsusada Precision Inc(US)
Kikusui Electronics Corporation (JP)
Behlman Electronics Inc(US)
Preen (AC Power Corp.) (CN)
AINUO Instrument (CN)
Shanghai Jingtong Regulator Co.
Ltd (CN)
Munk GmbH (DE)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global AC Power Sources Market
Industrial Use
Laboratory Use
Aerospace & Defense
Others
Based on Types the Market is categorized into Below types that held the largest AC Power Sources market share In 2023.
Single Phase
Three Phase
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global AC Power Sources Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global AC Power Sources Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global AC Power Sources Market, By Type
6. Global AC Power Sources Market, By Application
7. Global AC Power Sources Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global AC Power Sources Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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