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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Some prominent players in the market include ABB Ltd., Siemens AG, 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 September 2020, Conrad Electronic declared the expansion of the DC-DC converter range from TDK-Lambda Germany. Conrad entered into a strategic partnership agreement with manufacturer TDK-Lambda Germany. This agreement will support making a successful business relationship between these companies to the next level and emphasizes its expertise and superior performance in the e-commerce sector. TDK Lamba is focusing on significantly reinforcing its positioning and presence within the DC-DC converter market. Therefore, this agreement will enable the firm to achieve this objective.
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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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