Industrial Power Supply Market - Trends Forecast Till 2028

Market Overview

The global industrial power supply market size is projected to reach USD 9.7 billion by 2026, at a CAGR of 7.10 % during the forecast period.

Power Supply is a type of electronic equipment which is used for supply of power or energy to the electric load that requires this energy for consumption and working. The main use of power supply is to monitor and modify the current and voltage of electrical power so that the correct energy can be supplied to the load.

The increasing demand for energy-efficient devices in industrial sector and surging adoption of electric vehicles worldwide are some of the factors that have supported long-term expansion for Industrial Power Supply Market.

Over the past, the power electronics industry has undergone tremendous growth. However, due to the outbreak of the COVID-19 pandemic, there is a significant impact on the power electronics industry, which is a parent market for power supplies. The most significant near-term impact on power supplies that are already contracted or under the manufacturing process may be felt through supply chains.

Regional Analysis

Asia Pacific is the largest market for industrial power supply globally, followed by North America and Europe. The growth of the market in this region is mainly driven by the growing adoption of automation tools across several industries in countries such as China and Japan and the increasing sale of electric vehicles in China, Japan, and India.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• MEAN WELL Enterprises Co. Ltd.
• TDK Corporation
• Siemens AG
• General Electric
• XP Power
• Murata Manufacturing Co. Ltd.
• Emerson Electric Co.
• PHOENIX CONTACT
• Delta Electronics Inc.
• COSEL CO. LTD.
• Puls Technologies Inc
• CUI Inc
• AcBel Polytech Inc.
• Sea Air & Land Communications Ltd. Salcom.
• Lite-On Cloud Infrastructure Power Solutions
• FSP GROUP
• MTM Power Messtechnik Mellenbach GmbH.
• Power Systems & Controls Inc.
• Acopian Technical Company

Recent Developments

• In June 2021, TDK Lambda launched the TPF45000-385 non-isolated modular AC–DC power supply. Developed for use in distributed power architectures (DPA) and DC microgrids, the 98% highly efficient TPF45000 provides a regulated 385Vdc output with a current of up to 117A.
• In May 2021, Siemens Smart Infrastructure won a contract to supply the main control centers, based on Spectrum Power, to the Korean engineering company EntechWorld headquartered in Seoul. The end customer is the national railroad operator Korea National Railway. This contract is likely to help Korea National Railway to optimize its business and deal with the challenge of ensuring smooth, reliable operation of traction power supply and station facilities.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Industrial Power Supply Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope