Power Supply Market Research Report

Global Power Supply Market

The GMI Research forecasts that the power supply market is witnessing an upsurge in demand over the forecast period. This is mainly due to the growing adoption of building and home automation and the strong demand for energy-efficient devices and appliances.

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Introduction of the Power Supply Market:

An electronic device that supplies the electric power to the electrical load is known as a power supply. The major function of a power supply is to convert electric current from a source with the proper voltage, current, and frequency to power the load, which in turn, is known as electric power converters. Various functions of the power supply are shutting off the current in the event of an electrical error, minimizes the current drawn by the load to safe levels, and offer power conditioning to get free from electronic noise or voltage surges on the input from reaching the load.

Power Supply Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The developing telecommunication sector, growing adoption of building and home automation, and the strong demand for energy-efficient devices and appliances are the major factors that are surging the growth of the power supply market. Moreover, the significant factors contributing to the growth of the power supply market include the increasing disposable income and the growing number of factories globally, which have resulted in an increase in demand for advance lighting systems. In addition to this, the increasing environmental concern has led to an upsurge in demand for energy-efficient power supply and encouraged the adoption of output power in consumer electronics and telecommunication application, are boosting the growth of the market. Furthermore, the factors propelling the market growth in the upcoming years include an increasing requirement for power supply in the healthcare sector and a growing number of data centers across the world. On the other hand, the factors hindering the growth of the market include the rising adoption of High voltage direct current (HVDC) and renewable energy sources.

Based on the region, Asia-pacific is projected to dominate the market during the forecast period. This is attributed to the rising demand for consumer electronics and devices such as healthcare electronics in developing countries such as India and China. Additionally, the rising trend of automation across several sectors in the Asia-pacific region is further enhancing the demand for power supplies in this region.

Key Players of the Global Power Supply Market:

·         MEAN WELL Enterprises Co., Ltd.

·         Siemens AG

·         TDK-Lambda Corporation

·         General Electric

·         XP Power

·         Mouser Electronics, Inc.

·         Phoenix Contact

·         Artesyn

·         Delta Electronics, Inc.

·         COSEL Co., Ltd.

·         PULS GmbH

Power Supply Market Segmentation:

Segmentation by Output Powder:

·         Power Supply with Low Output (500 W and Below)

·         Power Supply with Medium Output (500–1,000 W)

·         Power Supply with High Output (More Than 1,000 W)

Segmentation by Product Type:

·         AC-DC Power Supply

o    Enclosed/Encapsulated

o    Din Rail

o    Open Frame

o    PCB Mount

o    Configurable Type AC-DC Power Supply

o    Others

·         DC-DC Converter

o    Isolated

o    Non-Isolated

Segmentation by Vertical:

·         Telecommunications

·         Consumer Electronics

·         Medical & Healthcare

·         Military & Aerospace

·         Transportation

·         Lighting

·         Food & Beverages

·         Industrial

Segmentation by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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