Industrial Power Supply Market
English Public
Market Snapshot.
The market size and char of industrial power supplies is projected to reach approximately USD 15 billion by 2035, from approximately USD 11 billion in 2022. According to our industrial power supply market analysis, the industrial power supply market is growing at a CAGR of around 6% from 2023 to 2035.
Market overview.
Power supplies are electrical devices used to supply power to electrical loads. They are important devices in various engineering-related equipment and fields. Circuits and equipment that supply power to equipment are called power supplies. Power supplies are widely used to supply power to various electrical loads under different conditions. Furthermore, there are three general types of power supply units:
1. linear regulated power supplies
2. unregulated power supplies
3. switching power supplies.
According to our research, increasing use in industrial applications is expected to drive the industrial power supply market: by 2021, the industrial sector will account for 35% of US end-use energy consumption and 33% of total US energy consumption.
Key trends in the industrial power supply market
In September 2021, New Yorker Electronics launched a new Polytron device. His PFMUIC 700 series AC-DC power supplies are specially designed for medical applications.
In December 2021, a new 90 W output model was added from the well-known company name Delta.
It is an addition to the MEA series and is 20% smaller than the previous generation, comprising four output voltage ranges of 12 V, 15 V, 19 V and 24 V.
In April 2022, renowned automotive ECU solutions and mobility services provider G-Pulse partnered with Silicon Mobility. The two parties joined forces to design a high-voltage, multi-phase DC-DC converter specifically for new energy vehicles.
Growth factors in the industrial power supply market
The demand for power supplies is increasing in various sectors such as medical, telecom, consumer electronics and manufacturing. This is expected to drive the industrial power supply market. Global power consumption is estimated to grow by about 2% in 2018 and reach about 22849 TWh in 2019. In addition, gadgets and gizmos such as wearable fitness devices , home lighting, health monitoring devices, gadgets and gizmos, smartphones and other electronic products are increasing the adoption of power supplies, driving the industrial power supply market. Moreover, increasing disposable income of people and rising demand for robust next-generation power supplies in places where mains power is unstable are likely to contribute to the growth of the industrial power supply market.
Challenges for the industrial power supply market
Market growth was hit hard during the pandemic, as supply chains had a direct and significant impact on power supply. Construction was delayed due to global shutdowns and shipments from power supply manufacturers were sometimes delayed by more than five weeks. The increasing adoption of renewable energy and high-voltage direct current (HVDC), and the availability of cheaper alternatives on the grey market, are also limiting the growth of the industrial power supply market.
Regional overview of industrial power supplies
According to our research, Asia Pacific is expected to account for the largest revenue share of the global industrial power supplies market in the coming years. This is due to the rise of the consumer electronics industry and increasing adoption of consumer electronics. In addition, the Asia-Pacific power supply equipment market is undergoing significant technological development and digitalisation. The growing need for technological equipment on the back of rapid urbanisation is also a major driver of the market, with China estimated to account for around 50% of the renewable power capacity growth in 2020.
For more information on the market research report, please visit: https://www.sdki.jp/reports/industrial-power-supply-market/62077
The market size and char of industrial power supplies is projected to reach approximately USD 15 billion by 2035, from approximately USD 11 billion in 2022. According to our industrial power supply market analysis, the industrial power supply market is growing at a CAGR of around 6% from 2023 to 2035.
Market overview.
Power supplies are electrical devices used to supply power to electrical loads. They are important devices in various engineering-related equipment and fields. Circuits and equipment that supply power to equipment are called power supplies. Power supplies are widely used to supply power to various electrical loads under different conditions. Furthermore, there are three general types of power supply units:
1. linear regulated power supplies
2. unregulated power supplies
3. switching power supplies.
According to our research, increasing use in industrial applications is expected to drive the industrial power supply market: by 2021, the industrial sector will account for 35% of US end-use energy consumption and 33% of total US energy consumption.
Key trends in the industrial power supply market
In September 2021, New Yorker Electronics launched a new Polytron device. His PFMUIC 700 series AC-DC power supplies are specially designed for medical applications.
In December 2021, a new 90 W output model was added from the well-known company name Delta.
It is an addition to the MEA series and is 20% smaller than the previous generation, comprising four output voltage ranges of 12 V, 15 V, 19 V and 24 V.
In April 2022, renowned automotive ECU solutions and mobility services provider G-Pulse partnered with Silicon Mobility. The two parties joined forces to design a high-voltage, multi-phase DC-DC converter specifically for new energy vehicles.
Growth factors in the industrial power supply market
The demand for power supplies is increasing in various sectors such as medical, telecom, consumer electronics and manufacturing. This is expected to drive the industrial power supply market. Global power consumption is estimated to grow by about 2% in 2018 and reach about 22849 TWh in 2019. In addition, gadgets and gizmos such as wearable fitness devices , home lighting, health monitoring devices, gadgets and gizmos, smartphones and other electronic products are increasing the adoption of power supplies, driving the industrial power supply market. Moreover, increasing disposable income of people and rising demand for robust next-generation power supplies in places where mains power is unstable are likely to contribute to the growth of the industrial power supply market.
Challenges for the industrial power supply market
Market growth was hit hard during the pandemic, as supply chains had a direct and significant impact on power supply. Construction was delayed due to global shutdowns and shipments from power supply manufacturers were sometimes delayed by more than five weeks. The increasing adoption of renewable energy and high-voltage direct current (HVDC), and the availability of cheaper alternatives on the grey market, are also limiting the growth of the industrial power supply market.
Regional overview of industrial power supplies
According to our research, Asia Pacific is expected to account for the largest revenue share of the global industrial power supplies market in the coming years. This is due to the rise of the consumer electronics industry and increasing adoption of consumer electronics. In addition, the Asia-Pacific power supply equipment market is undergoing significant technological development and digitalisation. The growing need for technological equipment on the back of rapid urbanisation is also a major driver of the market, with China estimated to account for around 50% of the renewable power capacity growth in 2020.
For more information on the market research report, please visit: https://www.sdki.jp/reports/industrial-power-supply-market/62077
by akiariku
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