AC Power Sources Market

Alternative Current (AC) power sources refers to the source of generating alternating current (AC) which flows in reverses direction periodically completing a cycle distinct from DC or direct current that flows in a straight direction. The AC power sources are widely used in consumer electronics, home appliance, automotive, and other industries.

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The primary factor that is driving the growth of the Global AC Power Sources market includes the growing demand for equipment used in electric vehicle, renewable power generation, and avionics. The increasing population growth rate and growing usage of various consumer electronics products across the globe increases the demand for AC power sources market. Furthermore, the favourable government initiatives in key economies around the globe coupled with rising investments on smart city leads to increase in the demand for AC power supply. In addition to this, the rising focus on energy efficient business operation is further fuelling the demand for AC power sources market. However, lack of safety standard acts as restraining factors in the growth of the market.

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Based on the Phase Type, the three phase segment is expected to grow at a higher CAGR during the forecast period owing to the increasing adoption of three phase AC power supply for various application such as mass production, industrial high power motors, remote computer-based systems, laboratory testing, quality verification, audio & video equipment, among others. The three phase AC power supply offers numerous benefits, such as it provides great conductor efficiency, enhances operator safety, and capabilities to run on high loads.

Based on the Modulation Type, the Pulse Width Modulation (PWM) segment is projected to grow at a higher CAGR in the market during the forecast period. The PWM is widely used in several application such as LED light production line, home appliance, avionics, medical equipment testing and AC motors, which increases the requirement of AC power supply. It is smaller in size and more efficient as compare to linear Ac power supply. Its efficiency can exceed by 90% which results in negligible power loss.

Based on the Application, the energy segment is expected to grow at a higher CAGR during the forecast period due to the growing demand of AC power supply to test batteries, solar panels, inverters, and other devices. The growth in renewable energy, increasing demand of AC power supply for testing and manufacturing equipment that is used in renewable energy generation, is another factor propelling the demand of the market.

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Based on the region, Asia-Pacific is projected to grow at a higher CAGR in the market in the global AC Power Sources market during the forecast period. This region is considered as a hub of manufacturing & research facilities of various manufacturers of automotive, consumer electronics, among others. Moreover, the various countries government of this region are focussing on renewable energy generation, which also increases the demand for AC power supply.

The major key players in the market include Keysight Technologies, Chroma ATE Inc., Ametek, Good Will Instrument Co. Ltd., Kikusui Electronics Corporation, Matsusada Precision, AC Power Corp., Regatron AG, B&K Precision Corporation, Ainuo Instruments, Pacific Power Source among others.

Key Development :

• • In Dec 2019, Good Will Instrument launched ASR-2000 Series Programmable AC/DC Power Source aiming for system integration or desktop applications, providing both rated power output for AC output and rated power output for DC output.
  • In Oct 2019, Ametek launched programmable AC and DC power test solutions; 18kVA power source. It stands behind the quality and reliability of the Asterion line of AC/DC power sources.

The Global AC Power Sources market has been segmented based on the Phase Type, Modulation Type, Application, and key region. Based on Phase Type, the market is segmented into Single Phase, and Three Phase. Based on Modulation Type, the market is segmented into Pulse Width Modulation (PWM), and Linear. Based on Application, the market is segmented into Consumer Electronics & Appliances, Automotive, Wireless Communication & Infrastructure, Energy, and Others.

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Key questions answered in this research report:

• • At what pace is the global AC Power Sources market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global AC Power Sources market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global AC Power Sources market?
  • What are the various application areas of the global AC Power Sources market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global AC Power Sources Market by Phase Type

• • Single Phase
  • Three Phase

Global AC Power Sources Market by Modulation Type

• • Pulse Width Modulation (PWM)
  • Linear

Global AC Power Sources Market by Application

• • Consumer Electronics & Appliances
  • Automotive
  • Wireless Communication & Infrastructure
  • Energy
  • Others

Global AC Power Sources Market by Region

• • North America AC Power Sources Market
    Option 1: As a part of the free 25% customization

• • • By Phase Type
    • By Modulation Type
    • By Application
    • US All-Up AC Power Sources Market
    • Canada All-Up AC Power Sources Market
  • Europe AC Power Sources Market
    Option 2: As a part of the free 25% customization
    • By Phase Type
    • By Modulation Type
    • By Application
    • Spain All-Up AC Power Sources Market
    • Netherlands All-Up AC Power Sources Marke
    • Germany All-Up AC Power Sources Market
    • UK All-Up AC Power Sources Market
    • France All-Up AC Power Sources Market
    • Rest of Europe All-Up AC Power Sources Market
  • Asia-Pacific AC Power Sources Market
    Option 3: As a part of the free 25% customization
    • By Phase Type
    • By Modulation Type
    • By Application
    • China All-Up AC Power Sources Market
    • India All-Up AC Power Sources Market
    • Japan All-Up AC Power Sources Market
    • Rest of APAC All-Up AC Power Sources Market
  • ROW AC Power Sources Market
    Option 4: As a part of the free 25% customization
    • By Phase Type
    • By Modulation Type
    • By Application
    • South Arabia All-Up AC Power Sources Market
    • UAE All-Up AC Power Sources Market
    • Rest of world (remaining countries of the LAMEA region) All-Up AC Power Sources Market

Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Keysight Technologies
  • Chroma ATE Inc.
  • Ametek
  • Good Will Instrument Co. Ltd.
  • Kikusui Electronics Corporation
  • Matsusada Precision
  • AC Power Corp.
  • Regatron AG
  • B&K Precision Corporation
  • Ainuo Instruments
  • Pacific Power Source