The US industrial power supply market is estimated to grow at a CAGR of 5.2% during the forecast period. The expansion of the telecom and IT sector is one of the key factors that are supporting the adoption of power supply devices in the country. Telcom and the IT sector have been witnessed enormous growth in the market coupled with the presence of several large organizations such as AT&T Inc., Verizon Communications Inc., IBM Corp., Microsoft Corp., and Oracle Corp. in the country. This leads to an increasing demand for DC-DC converter modules that meets the emerging power needs of telecommunications infrastructure equipment and high-reliability networking. As a result, the US-based power supply firms are focused on launching new power supply devices to the market. For instance, in November 2016, Artesyn Embedded Technologies launched two digitally controlled DC/DC converters, known as ADO300 and ADQ700 that are suitable for computing and server, and telecom applications. These features superior thermal performance and high efficiency that supports operation between -40 and 85°C with air cooling, which is highly required by data center equipment manufacturers and telecom networks.
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Scope of the US Industrial Power Supply Market
Market Coverage
- Market number available for 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Product Type and Vertical
- Competitive Landscape- XP Power, ABB Ltd., Murata Power Solutions, Siemens AG, and TDK Corp.
Recent Strategic Initiatives in the US Industrial Power Supply Market
- In May 2019, Cooler Master, declared the availability of the new V Gold power supply unit, offering a new and improved series of power supply units for the next generation of high-end PC builders. Available in the US and Canada in two wattage levels, 650W and 750W, the new V Gold power supply unit feature a semi-fanless mode that supports the 135mm fan at 40% load. The users can manually de-activate the semi-fanless mode through the hybrid switch located at the rear of the power supply unit.
- In June 2018, Murata declared the 1 kW DRQ-11.4/88-L48 series of quarter brick, intermediate bus, DC/DC converter modules that meet the increasing power requirements of high-reliability networking and telecommunications infrastructure equipment.
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US 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
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
