Power Supply Market To See Incredible Growth During 2023 – 2030
Global Power Supply Market is segmented by Output Power, by Product Type, by Vertical and by Region.
Power Supply Market by Output Power segment is classified into Low, Medium, and high. By Product Type segment classified into AC-DC and DC-DC. By Vertical Segment is classified into Lighting, Consumer Electronics, Telecommunications, Transportation, Food & Beverages, Medical & Healthcare, Military & Aerospace and Industrial. Geographically split into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
In terms of Output Power Segment Low Output Power is major in the Power Supply Market. This can be accredited to the increasing use of AC-DC power supplies with low output power in lighting, telecommunications, and consumer electronics. Many industrial applications, such as home and building automation systems operate in this power range due to the benefits such as reduced power control system size, weight, and cost; it also makes the consumption of electricity more efficient. Developments in telecommunications and medical sectors will rise the growth of power supplies with low output power.
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In terms of Vertical Segment Lighting is major in the Power Supply Market.
This growth can be accredited to the increasing usage of LED lighting in home and building automation systems. In various lighting applications such as street, architectural, transportation, entertainment, and safety & security lighting.
In terms of Product Type Segment AC-DC is major in the Power Supply Market. Which held the largest market share during forecast period. AC-DC Power Supply In industrial and medical & healthcare applications widely used. There are a wide variety of AC-DC power supplies having an output voltage from less than 1 V to thousands of volts and output power range is from 1 W to thousands of watts. Various types of AC-DC power supplies such as enclosed/encapsulated, DIN rail, open frame, PCB mount, configurable are used mainly in lighting, industrial, and consumer electronics application.
Demand of Power Supply Market from various applications including lighting, telecommunications, consumer electronics, medical & healthcare, industrial, food & beverages, transportation, and military & aerospace increased. Growing demand for energy-efficient devices and renewable energy sources may affect growth of AC-DC Power Supply Market.
Asia Pacific hold the major share in the global Power Supply market. Growing digitization and automation in different sectors is likely to generate demand for power supplies in Asia Pacific. All other regions are following to contribute the growth in Power Supply Market.
The report includes detailed profiles of the prominent market players that are trending in the market. MEAN WELL, TDK Lambda, Siemens, General Electric, XP Power, Murata Power Solutions, Artesyn, Phoenix Contact, Delta Electronics, Cosel, PULS, CUI, Acbel Polytech, Salcom, LITE-ON Power System Solutions, FSP, Power Innovation, MTM Power and Power Systems & Controls, among others.
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The Scope of the Global Power Supply Market
Global Power Supply Market By Output Power:
Low
Medium
high
Global Power Supply Market By Product Type:
AC-DC
DC-DC
Global Power Supply Market By Vertical:
Lighting
Consumer Electronics
Telecommunications
Transportation
Food & Beverages
Medical & Healthcare
Military & Aerospace
Industrial
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Global Power Supply Market By Region:
North America
Europe
Asia Pacific
Latin America
The Middle East and Africa
Key Player analysed in the Global Power Supply Market:
TDK Lambda
Siemens
General Electric
XP Power
Murata Power Solutions
Artesyn
Phoenix Contact
Delta Electronics
Cosel
PULS
CUI
Acbel Polytech
Salcom
LITE-ON Power System Solutions
FSP
Power Innovation
MTM Power
Power Systems & Controls