The global industrial power supply market accounted for $8.82 billion in 2018 and is expected to reach $15.4 billion, with an annual average growth of 6% over the forecast period until 2027. Growing demand for energy efficient power supplies and emerging telecommunications segments is driving the market growth. However, the increasing adoption of high voltage direct current (hvdc) and renewable energy are some of the factors holding back the market growth.
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The major players in the industrial power supply market are TDK Lambda (US), XP Power (Singapore), Delta Electronics (Taiwan), Siemens (Germany), Murata Power Solutions (US), ABB (Switzerland), MEAN WELL (Taiwan), Cosel (Japan), CUI (US), Artesyn Embedded Power (US) , and Phoenix Contact (Germany).
Industrial Power Supply Market Segmentation
By product type
• AC-DC Converter
• DC-DC Converter
• DC-AC Inverter
By output power
• Low Output (Up to 1,000 W)
• Medium Output (1,000 W–10 kW)
• High Output (10–75 kW)
• High Output (75–150 kW)
By vertical
• Lighting
• Consumer Electronics
• Transportation
• Food & Beverages
• Military & Aerospace
• Telecommunication
• Medical & Healthcare
• Others (Power generation, oil & gas, marine and renewable energy)
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
