Global Industrial Power Supply Market Size, Drivers, Trends, Opportunities And Strategies – Includes Industrial Power Supply Market Growth
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The adoption of electric vehicles are expected to drive innovation in industrial power supply manufacturing, thus driving the market during the forecast period.
The global industrial power supply market is expected to grow from $8.07 billion in 2022 to $8.67 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The industrial power supply market size is expected to grow to $11.14 billion in 2027 at a CAGR of 6.4%.
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Global Industrial Power Supply Market Segments Include:
- By Type:By Product Type: AC-DC Converters, DC-DC Converters
- By Output Power:Very Low Output (up to 500 W), Low Output (500-1, 000 W), Medium Output (1, 000 W-10 kW), High Output (10-75 kW), Very High Output (75-150 kW)
- By Vertical Type:Transportation, Semiconductor, Military And Aerospace, Robotics, Test And Measurement, Industrial 3-D Printing, Battery Charging And Test, Automotive, Energy, Other Verticals
- By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global industrial power supply market in 2021.
Major Market Players in the industrial power supply market include TDK Lambda, Siemens, Delta Electronics, ABB Ltd., Murata Power Solutions, Bel Fuse, Advanced Energy, XP Power, Mean Well, COSEL.
Technological advancements have emerged as a key trend gaining popularity in the industrial power supply market. The market is witnessing the implementation of advanced technologies to improve in energy efficiency levels of these power supplies. Major companies operating in the industrial power supply market are focused on innovating new technologies to sustain their position in the market. For instance, in August 2022, Toshiba Electronics Europe GmbH, a Europe-based electronic components business of Toshiba Electronic Devices and Storage Corporation, launched five 1200V silicon-carbide (SiC) MOSFETs. It increases the energy efficiency of high-voltage industrial applications using the third-generation SiC technology. The new devices include an incorporated Schottky barrier diode (SBD), additionally improving the dependability of SiC MOSFETs by overcoming internal parasitic effects and maintaining a steady device RDS (on). This technology furthur enhances conduction and switching performance in power-conversion topologies by increasing the on-resistance x gate-drain charge (RDS(on) x QGD) figure of merit by more than 80%.
The Industrial Power Supply Global Market Report 2023 provides a industrial power supply market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The industrial power supply market forecast analyzes industrial power supply market size, industrial power supply market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Industrial power supply refers to the components that transform electrical power into different forms and magnitudes, as well as an electrical device that is used to supply power to industrial equipment.
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