What is Power Supply Market Scope?
The global power supply market is expected to grow in the future due to the rise in the number of consumer demand for energy-efficient lighting systems. In the lighting industry, declining prices of LEDs, and the growing penetration of LEDs as a light source in several lighting applications rising the demand for power supply. The rises in need for power supply in the healthcare and medical device market is boosting the overall growth of the power supply market during the forecast period.
The Power Supply market study is being classified by Type (AC-DC Power Supply and DC-DC Converter), by Application (Consumer Electronics, Food & Beverages, Telecommunications, Transportation, Healthcare and Other) and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Power Supply market throughout the predicted period.
MEAN WELL (Taiwan), TDK Lambda (Japan), Siemens (Germany), General Electric (United States), XP Power (United States), Murata Power Solutions (Japan), Artesyn (United States), Phoenix Contact (Germany), Delta Electronics (Taiwan), Cosel (Japan), PULS (Germany) and CUI (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Acbel Polytech (Taiwan), Salcom (Finland), LITE-ON Power System Solutions (United States), FSP (Taiwan), Power Innovation (Germany), MTM Power (Germany) and Power Systems & Controls (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Power Supply market by Type, Application and Region.
On the basis of geography, the market of Power Supply has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In Sept 2019, XP Power introduced two new series of wide input range chassis and DIN rail mount DC-DC converters that offer rapid installation into a wide variety of industrial and ITE applications. The DTE06 and DTE10 DC-DC converters provide 6W and 10W of power and offer a 4:1 input range, giving a wide tolerance for fluctuating supplies., and In Oct 2019, Murata Power Solutions launched the PQU650 series of open-frame, 650 W-rated AC-DC power supplies. The PQU650 series offers the highest power-density, with forced-air- and convection-cooled ambient ratings.
Market Drivers
- Growing Adoption of Home and Building Automation Systems
- Rising Demand for Energy-Efficient Lighting Systems
Opportunities
- Increasing Requirement of Power Supply in Various End-User Industries such as Medical and Healthcare Sector, Telecommunication Sector
Restraints
- Increase in Adoption of High-Voltage Direct Current (HVDC) Adaptation for Renewable Energy Sources
- Various Region-Wise Regulations and Safety Standards
Challenges
- Stringent Design Considerations for Input Power/nonstandard AC & DC Inputs
Key Target Audience
Raw Material and Manufacturing Equipment Suppliers, Power Supply Product Manufacturers, Power Supply Original Equipment Manufacturers (OEMs), Distributors and Traders and Research Organizations
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