Germany industrial power supply market is estimated to grow at a CAGR of 4.8% during the forecast period. The rising food and beverage industry is one of the key factors contributing to market growth. The food and beverage sector in Germany is the fourth largest industry sector in the country, creating a manufacturing value of nearly $215.7 billion in 2017. Germany’s food and beverage sector are characterized by small and medium enterprises (SMEs) of over 6,000 companies that employ a workforce of nearly 600,000. This results in an increasing demand for industrial power supplies that are destined for severe environments as then have a very small size and can withstand high temperatures. Some important parameters that need to consider while evaluating the reliability and quality of switching power supplies. These parameters comprise permissible operating temperature, efficiency, ambient temperature, thermal management, and derating curves for input voltage and bridging time in the event of a power failure.
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The market is segmented based on material and vertical. Based on product type, the market is classified into AC-DC converter, DC-DC converter, and DC-AC inverter. Based on vertical, the market is classified into food and beverage, energy and utilities, telecom & IT, transportation, consumer electronics, aerospace and defense, healthcare, and others. Rising military spending to offer an opportunity for power supply devices in the country. In 2019, Germany’s military spending increased by 10%, to $49.3 billion. This results in an increasing demand for military land vehicles that require power supplies that are ultra-reliable for mission-critical electrical equipment. Therefore, rugged solutions can be offered with mechanical modifications for the protection of the power supply against humidity, shock, and vibration.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Germany 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 Germany 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 Germany industrial power supply market.
- Insights about market determinants that are stimulating the Germany 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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