Asia-Pacific industrial power supply market is estimated to grow at a CAGR of 6.8% during the forecast period. The growing consumer electronics sector and increasing spending in the aerospace and defense sector are some pivotal factors encouraging market growth. As per the India Brand Equity Foundation (IBEF), the Indian appliance and consumer electronics market reached $10.9 billion in 2019. It is expected to double to reach $21.2 billion by 2025. Demand for consumer durables such as consumer electronic goods and refrigerators is expected to witness an increased demand in the upcoming period, primarily in the rural areas as the Indian government plans to significantly invest in rural electrification. The presence of major consumer electronics players such as Samsung and LG is further strengthening the consumer electronics market in the region. The power supply is significantly utilized to deliver power to the electrical load. It is an essential device for diverse engineering-associated areas and appliances. Different kinds of power supplies are utilized to deliver power to different appliances and different circuits.
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Some key players in the market include ABB Ltd., TDK Corp., Siemens AG, XP Power, Delta Electronics, Inc., and COSEL Co., Ltd. The market players are actively focusing on gaining potential share in the market and therefore adopting strategies such as mergers and acquisitions and product launches. For instance, in June 2018, Cosel Co, Ltd declared the acquisition of the Powerbox Group. Powerbox Group has design centers in Germany, Sweden (HQ), and the Netherlands as well as offices all over Europe, the US, Australia, and China. Powerbox is engaged in the design & manufacturing of standard, semi-standard, and full custom power supplies all over the transportation, industrial, medical, and defense sectors.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Asia-Pacific 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
Asia-Pacific Industrial Power Supply Market– Segment by Country
- China
- India
- Japan
- Rest of Asia-Pacific
The Report Covers
- Comprehensive research methodology of the Asia-Pacific 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 Asia-Pacific industrial power supply market.
- Insights about market determinants that are stimulating the Asia-Pacific 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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