The US industrial power supply market is estimated to grow at a CAGR of 5.2% during the forecast period. The major factors encouraging the market growth include the growing manufacturing sector and increasing aerospace and defense sector in the country. As per the National Association of Manufacturers (NAM), in the US, manufacturers represent 11.4% of the total output in the economy, using 8.51% of the workforce. In 2018, the total output generation from the manufacturing sector was $2,334.6 billion. Industrial automation is gaining significance coupled with the increasing focus on boosting manufacturing capabilities.
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Some key players in the market include XP Power, ABB Ltd., Murata Power Solutions, Siemens AG, and TDK Corp. Product launches and mergers and acquisitions are some pivotal strategies implemented by the market players to enhance their position in the marketplace. For instance, In June 2018, Murata declared the 1 kW DRQ-11.4/88-L48 series of quarter brick, intermediate bus, DC/DC converter modules that meet the increasing power requirements of high-reliability networking and telecommunications infrastructure equipment.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
US Industrial Power Supply Market-Segmentation
By Product Type
- AC-DC Converter
- DC-DC Converter
- DC-AC Inverter
By Vertical
- Food and Beverage
- Energy and Utilities
- Telecom & IT
- Transportation
- Consumer Electronics
- Aerospace and Defense
- Healthcare
- Others
The Report Covers
- Comprehensive research methodology of the US 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 US industrial power supply market.
- Insights about market determinants that are stimulating the US industrial power supply market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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