Industrial Power Supply Market 2020-2026
Global Industrial Power Supply Market Size, Share & Trends Analysis Report, By Product Type (AC-DC Converter, DC-DC Converter, and DC-AC Inverter), By Vertical (Food and Beverage, Telecom & IT, Transportation, Energy and Utilities, Consumer Electronics, Aerospace and Defense, Healthcare, and Others) and Forecast, 2020-2026
The global industrial power supply market is estimated to grow at a CAGR of 5.2% during the forecast period. The rising consumer electronics sector and expansion of the telecom and IT sector is one of the vital factors accelerating market growth. With an increasing subscriber base every day, the telecom industry has been witnessing enormous investment and developments. As an essential part of the telecom network, the power supply in the telecommunication sector is the foundation that offers protection of a large and complex telecommunication network which includes the information, data, switching, service, transmission, and intelligent networks. Thus, power supply in the telecommunication industry directly affects the smoothness, stability, and reliability of the network, and is regarded as an essential protection for maintenance means service.
As per the different DC stabilization techniques, the DC stabilization power supply of the telecommunication industry can be categorized as a phase-controlled power supply, linear power supply, and switching power supply. The DC-DC converter is the major element of the switching power supply that employs a resistive voltage drop for creating and regulating given output voltage. Switch-mode DC-DC converters offer benefits such as higher power conversion efficiency and easier thermal management as the switching frequency is higher.
Geographically, Asia-Pacific is estimated to witness potential growth during the forecast period owing to the rapid industrialization and expansion of the consumer electronics sector. Favorable government initiatives had led to rapid industrialization is one of the factors leveraging the adoption of power supply equipment in the region. For instance, in May 2015, the Chinese government revealed the Made in China (MIC) 2025 initiative which is intended to increase productivity and carry out advances in industrial processes. Under the initiative, the Chinese government is performing the task of advancing infrastructure and accelerate technological developments. This leads to increasing demand for industrial power supply to deliver power to the electrical load and provides functions such as harmonic current control, overcurrent protection, overvoltage protection, and other features that differ from supply to supply.
Some key players in the market include XP Power, ABB Ltd., Delta Electronics, Inc., Siemens AG, and TDK Corp. The market players are focusing on strategic initiatives such as product launches and mergers and acquisitions to increase the position in the market. For instance, in January 2020, AEG Power Solutions declared the introduction of the new generation of Protect C and Protect D series of double-conversion online uninterruptible power supplies. The enhanced uninterruptible power supplies were designed to provide economic power and optimized protection in a more compact housing. These systems are appropriate for the protection of all kinds of critical applications, in the IT environment including IoT, storage systems, edge computing, servers, workstations, or electrical infrastructure in banking, corporate, healthcare, and industrial applications.
The market study of the global industrial power supply market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.
Secondary Sources Include
Financial reports of companies involved in the market.
Whitepapers, research-papers, and news blogs.
Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
1. Global Industrial Power Supply Market Research and Analysis by Product Type
2. Global Industrial Power Supply Market Research and Analysis by Vertical
The Report Covers
Comprehensive research methodology of the global industrial power supply market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global industrial power supply market.
Insights about market determinants that are stimulating the global industrial power supply market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.