Industrial Power Supply Market

Industrial Power Supply Market size reached USD 29.3 billion in 2021 and is estimated to reach USD 45.7 billion in 2029 and the market is estimated to grow at a CAGR of 5.7% from 2022-2029

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Major Industrial Power Supply Market Drivers

The major factors which are driving the growth of the Global Industrial Power Supply market are emerging Telcom sector, and growing demand for energy efficient power supply equipment. The rising user of consumer electronics coupled with strict restriction of Hazardous Substances (RoHS) compliance across the globe is also boosting the growth of the market. In addition to this, the increasing demand for automation devices for industrial application is further fuelling the industrial supply market. Moreover, the growing number of data centers and the increasing requirement for reliable power supply in medical & healthcare device are further propelling the growth of the market. However, the growing adoption of high voltage direct current and renewable energy sources which is constraining the AC-DC power supply which hamper the growth of the market.

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Product Type – Segment Analysis

Based on product type, the DC-AC invertor segment is expected to grow at a higher CAGR during the forecast period owing to the increasing adoption of DC-AC invertor across several application such as application in areas of HVDC power transmission, electric motor speed control, induction heating, power grid, solar, and electroshock weapons.

Output Power – Segment Analysis

Based on the output power, the medium output (1,000 W–10 kW) segment is projected to grow at a higher CAGR in the market during the forecast period owing to the wide usage across various application such as audio/video broadcasting, packing equipment, inverter stations in solar technology, automatic test equipment among others. In addition to this, industrial automation, warehousing, medical & healthcare, railway signalling, and transportation is further increasing the demand for medium output power supplies.

Vertical – Segment Analysis

Based on the Vertical, the lighting segment is anticipated to lead the market during the forecast period due to the increasing usage of LED lighting in street lighting, traffic signals, historical places lighting, medical lighting, automotive lighting, electronic displays, and factory lighting systems. The increasing government initiatives along with eco-friendly and cost-effective nature of LED lights, further fuels the growth of the market.

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Regional – Segment Analysis     

Based on the region, Asia-Pacific region is projected to grow at a higher CAGR in the global Industrial Power Supply market during the forecast period owing to the growing automation in sector such as manufacturing coupled with rising construction industry in countries such as India and China.

Top Market Players

The major key players in the market include MEAN WELL Enterprises Co., Ltd., TDK-Lambda Corporation, General Electric, Siemens AG, XP Power, Artesyn Technologies, Murata Power Solutions Inc., Phoenix Contact, Delta Electronics, Cosel, Puls among others.

Key Development:

• • In Oct 2019, Murata Power Solutions launched an open-frame PQU650 series, 650 W-rated AC-DC power supplies which offer high power density with convection-cooled ambient ratings and forced-air.
  • In Sep 2019, XP Power launched two new series of wide input range chassis and DIN rail mount DC-DC converters. It provide fast and easy installation, into a wide variety of industrial and ITE applications.

Segments covered in the Report:

The Global Industrial Power Supply Market has been segmented on the basis of Product Types, Output Power and Verticals. Based on the Product Types, the market is segmented into AC-DC Converters, DC-DC Converters. Based on the Output Power the market is segmented into Very Low Output (Up to 500W), Low Output (500W-1,000W), Medium Output (1,000W−10 kW), High Output (10-75kW), Very High Output (75-150kW). Based on the Verticals, the market is segmented into Transportation, Semiconductor, Military & Aerospace, Robotics, Test & Measurement, Food & Beverages, Medical & Healthcare, Lighting, Others.

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Report Coverage	Details
Market Revenues (2021)	USD 29.3 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Value (USD Billion)
Market Segment	By Product Types, By Output Power, By Verticals, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	MEAN WELL Enterprises Co., Ltd., TDK-Lambda Corporation, General Electric, Siemens AG, XP Power, Artesyn Technologies, Murata Power Solutions Inc., Phoenix Contact, Delta Electronics, Cosel, Puls, among others, a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Industrial Power Supply Market by Product Types

• • AC-DC Converters
  • DC-DC Converters

Global Industrial Power Supply Market by Output Power

• • Very Low Output (Up to 500W)
  • Low Output (500W-1,000W)
  • Medium Output (1,000W−10 kW)
  • High Output (10-75kW)
  • Very High Output (75-150kW)

Global Industrial Power Supply Market by Verticals

• • Transportation
  • Semiconductor
  • Military & Aerospace
  • Robotics
  • Test & Measurement
  • Food & Beverages
  • Medical & Healthcare
  • Lighting
  • Others

Global Industrial Power Supply Market by Region

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

    • By Product Types
    • By Output Power
    • By Verticals
    • United States of America (US) Market All-Up
    • Canada All-Up

  • Europe Industrial Power Supply Market Option 2: As a part of the free 25% customization

    • By Product Types
    • By Output Power
    • By Verticals
    • United Kingdom (UK) Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

• • Asia-Pacific Industrial Power Supply Market Option 3: As a part of the free 25% customization

    • By Product Types
    • By Output Power
    • By Verticals
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • ROW Industrial Power Supply Market Option 4: As a part of the free 25% customization

    • By Product Types
    • By Output Power
    • By Verticals
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

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

• • • MEAN WELL Enterprises Co., Ltd
    • TDK-Lambda Corporation
    • General Electric
    • Siemens AG
    • XP Power
    • Artesyn Technologies
    • Murata Power Solutions Inc.
    • Phoenix Contact
    • Delta Electronics
    • Cosel
    • Puls