Europe industrial power supply market is estimated to grow at a CAGR of nearly 6.5% during the forecast period. Some pivotal factors accelerating the market growth include the rising food and beverage industry and the growing aerospace and defense sector in the region. As per the AeroSpace and Defence Industries Association of Europe (ASD-Europe), the European aerospace and defense industry generated a turnover of nearly $291.7 billion in 2019. In 2019, the aerospace and defense sector continued its major role in exports, valued at nearly $167.2 billion. This results in an increasing demand for military land vehicles that significantly need power supplies that are ultra-reliable for mission-critical electrical equipment. The demand for extra power is small in commercial vehicles, however, military vehicles as these are normally loaded with energy-hungry electronics. This, in turn, is leading to the adoption of power supply equipment in military vehicles.
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Some key players in the market include ABB Ltd., Siemens AG, XP Power, TDK Corp., and Phoenix Contact. 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 March 2019, Siemens declared the expansion of its range of DC/DC converters by launching a new range of Sitop PSU3400 devices for the lower output range up to 120 watts. These new power supply units facilitate stable output voltage even with voltage fluctuations of +/-25%. The benefits for users comprise a high degree of efficiency of 92% and high safety during operation coupled with the wide input range with reverse polarity protection.
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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
Europe 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
Europe Industrial Power Supply Market– Segment by Region
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
The Report Covers
- Comprehensive research methodology of the Europe 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 Europe industrial power supply market.
- Insights about market determinants that are stimulating the Europe 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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