Power Supply Market Analysis, Size, Share, Growth, Trends, and Forecast, 2021–2031
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 5.1% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecast in its report on the global power supply market.
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The global power supply market is broadly affected by several factors, including increase in usage of power supply in various applications such as industrial, transportation, and aerospace & defence. Rise in global demand for residential units has led to a significant growth in the usage of power supply. Increase in demand and use of power supply in residential building construction is expected to be the primary driver of the global power supply market. The rise in demand for power supply in industrial vertical is also propelling the power supply market.
Power Supply Market: Dynamics
Power supply can be defined as the provision of electrical power to an electrical load through an electrical device. The primary function of a power supply is the conversion of an electrical source to the appropriate current, voltage, and frequency to power the load that is required.
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A wide range of AC-DC and DC-DC power supplies can have an output voltage varying from less than 1 V to thousands of volts and output power ranging from 0.1 W to thousands of watts. Some power supplies are separate standalone pieces of equipment, while others are integrated into the load devices that they power. AC-DC and DC-DC power supply applications from verticals such as lighting, industrial, consumer electronics, and medical are driving the market by integrating it in various devices.
Manufacturers are focusing on the industrial segment, as the share held by the industrial segment in the power supply market is likely to increase during the forecast period.
Power Supply Market: Prominent Regions
Asia Pacific holds major share of the global power supply market. The power supply market in the region is anticipated to expand at a CAGR of more than 5.1% during the forecast period. Increase in demand for power supply in various applications such of industrial is driving the power supply market in Asia Pacific. China is a key country of the power supply market in Asia Pacific. It held a significant share of the power supply market in Asia Pacific in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
North America is also a prominent region of the global power supply market. The U.S. led the power supply market in North America in 2020. Increase in demand for power supply in industrial, transportation, and aerospace & defence sectors is driving the power supply market in the U.S.
Power Supply Market: Major Players
The global power supply market is consolidated with the presence of key players. Prominent players operating in the global power supply market include Artesyn, COSEL ASIA LTD, Delta Electronics Inc, General Electric, MEAN WELL Enterprises Co. Ltd, Phoenix Contact, Murata Power Solutions, PULS GmbH, SIEMENS AG, TDK-Lambda Corporation, and XP Power.
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Global Power Supply Market: Segmentation
Power Supply Market, by Industry Vertical
Industrial
Transportation
Aerospace & Defense
Health Care
Consumer Electronics
Telecommunication
Others (including Home & Building Automation Systems)
Power Supply Market, by Type
AC-DC Power Supply
DC-DC Converter
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 Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia & CIS
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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