Power Supply Market: Introduction
Transparency Market Research delivers key insights on the
global power supply market. In terms of revenue, the
global power supply market is estimated to expand at a CAGR of ~4% during the
forecast period, owing to numerous factors, regarding which TMR offers thorough
insights and forecasts in its report on the global power supply market.
The global power supply market is broadly affected by
several factors, including rise in consumer trend toward building automation,
widespread use of consumer electronics, stringent RoHS compliance, and rising
demand for automation devices in street lighting and industrial applications.
Thus, expanding applications of power supply in different sectors is propelling
the global power supply market.
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Power Supply Market: Dynamics
The widespread use of consumer electronics and stringent
RoHS compliance, as well as the rising demand for automation devices in street
lighting and industrial applications, is expected to fuel the industrial power
supply market. The growing adoption of power supply with low output power in
telecommunications and consumer electronics applications leads to significant
growth of the power supply market across the globe. Moreover, the demand for
uninterrupted power supply due to increasing industrial automation is likely to
propel the global power supply market during the forecast period.
Developments in wireless Internet and smartphones have
extended the concept of smart home to services that can be remotely controlled
anytime and anywhere, which is likely to lead to significant growth in power
supply modules and in turn help to boost the power supply market across the
globe. Moreover, rise in consumer trend toward building automation due to
rising disposable income is likely to result in major growth of smart homes.
Rapid developments in the field of artificial intelligence is anticipated to
increase the application of power supplies in the field of building automation,
which is likely to lead to significant growth of the power supply market.
On the other hand, high voltage direct current systems allow
more efficient bulk power transmission over a long distance, which is encouraging
consumers to move toward high voltage direct current power systems. This is
likely to be a challenge for the power supply market across the globe. A
high-voltage, direct current (HVDC) electric power transmission system, also
called a power superhighway or an electrical superhighway has the ability to
automatically reverse the output polarity with the flip of a remote or switch
control signal, avoiding power failure in these systems, which is likely to
increase the consumption of high voltage direct current systems. This is
projected to restrain the power supply market across the globe. The rising
adoption of renewable energy sources, including solar energy and geothermal
energy is also likely to create challenges for the power supply market across the
globe.
Power Supply Market: Prominent Regions
The power supply market in North America is expected to
expand during the forecast period, owing to the presence of key market players,
technological advancements, and growth of consumer electronics and industrial
automation in the region. The power supply market in Europe is projected to
witness favorable growth during the forecast period, due to significant rise in
industrial activities and expansion of the automotive sector in the region. The
Asia Pacific power supply market is likely to expand during the forecast
period, owing to the presence of a large number of players designing and
producing power supplies.
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Power Supply Market: Key Players
Key players operating in the global power supply market are
Artesyn, COSEL ASIA LTD, Delta Electronics Inc., General Electric, MEAN WELL
Enterprises Co. Ltd, Murata Power Solutions, Phoenix Contact, Phoenix Contact,
Siemens AG, TDK-Lambda Corporation, and XP Power among others.
Global Power Supply Market: Segmentation
Power Supply Market, by Output Power
- Low
Output (500 W and Below)
- Medium
Output (500 W to 1500 W)
- High
Output (More than 1500 W)
Power Supply Market, by Type
- AC-DC
Power Supplies
- DC-DC
Converters
Power Supply Market, by Technology
- Silicon
(Si)
- Silicon
Carbide (SiC)
- Gallium
Nitride (GaN)
Power Supply Market, by Industry Vertical
- Industrial
- Transportation
- Aerospace
& Defense
- Healthcare
- Consumer
Electronics
- Telecommunication
- Others
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