Power Supply Market

Power Supply Market size reached USD 43.3 billion in 2022 and is estimated to reach USD 119.2 billion in 2030 and the market is estimated to grow at a very high CAGR of 13.5% from 2023-2030

Power Supply Market Overview

A power supply is an electronic device that supplies the electric power to electrical load. The key function of a power supply is to transform electric current from a source with the appropriate voltage, current, and frequency to power the load. Power supplies are also known as electric power converters. Some of the power supplies are distinct standalone parts of devices, whereas others are developed into the load appliances to provide power to desktop or any consumer electronic devices. The power supply can perform various functions such as reduces the current drawn by the load to safe levels, shutting off the current in the event of an electrical error, and provide power conditioning to avoid electronic noise or voltage surges on the input from reaching the load.

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Major Power Supply Market Drivers

The major factors which are driving the growth of the power supply market include the increasing adoption of building and home automation, emerging telecommunication sector, and the growing demand for energy-efficient devices and appliance. The rising number of factories across the globe, followed by the increasing adoption of building and home automation and the growing disposable income, has increased the demand for the advance lighting systems, which is further propelling the growth of the power supply market. Additionally, the growing environmental concern has resulted in an increase in demand for energy-efficient power supply and the increasing adoption of low output power in consumer electronics and telecommunication application are further contributing to the market growth. In addition to this, the rising number of data centers worldwide and the growing need for power supply in the healthcare sector are further fuelling the market growth during the forecast period.  However, increasing adoption of High voltage direct current (HVDC) and renewable energy sources, along with the stringent regulatory and safety standards may hamper the growth of the market.

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Based on the Output Power, the Power Supply With Low Output (500 W and Below) segment is expected to grow at a higher CAGR during the forecast period owing to the increasing adoption of power supply with low output power in various application such as consumer electronics and telecommunication.

Based on Vertical, the lighting segment is expected to grow at a faster CAGR in the market during the forecast period owing to the growing penetration of Light Emitting Diode (LED) lighting, increasing demand for energy-efficient lighting system, coupled with the reducing LED lighting prices and rising penetration of LED lighting in various application such as architectural lighting, entertainment lighting, medical lighting, safety and security lighting, street lighting, and refrigerator lighting, among others. Moreover, the emergence of smart lighting and technological advancement in the lighting system is further fuelling the growth of the market during the forecast period.

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Regional – Segment Analysis

Based on the region, Asia-pacific is expected to dominate the global Power Supply market during the forecast period due to the increasing demand for consumer electronics and devices such as healthcare electronics across the key economies such as India and China. In addition to this, the emerging trend of automation across various sectors in the Asia-pacific region is further expected to increase the demand for power supplies in this region.

Top Market Players

Various notable players in the market include MEAN WELL Enterprises Co., Ltd., Siemens AG, TDK-Lambda Corporation, General Electric, XP Power, Mouser Electronics, Inc., Phoenix Contact, Artesyn, Delta Electronics, Inc., COSEL Co., Ltd., and PULS GmbH, among others.

  Key Developments:

• • In Jan 2020, Siemens AG acquired India-based C&S Electric to address the strong demand for low-voltage power distribution in India, strengthen its market presence, and enable the creation of export hub. This acquisition will strengthen Siemens’ position as a key supplier of low-voltage power distribution and electrical installation technology in India.
  • In Oct 2019, MEAN WELL launched WDR-60 Series 60W Single-Phase 180~550Vac Ultra-Wide Input DIN Rail Power Supply product line on the market to meet the growing requirements from the automotive industry.

Segments covered in the Report:

The Global Power Supply market has been segmented based on the Output Power, Product Type, Vertical, and region. Based on Output Power, the market is segmented into Power Supply with Low Output (500 W and Below), Power Supply with Medium Output (500–1,000 W), and Power Supply with High Output (More Than 1,000 W). Based on Product Type, the market is further segmented AC-DC Power Supply, and DC-DC Converter. Based on AC-DC Power Supply, the market is further segmented into Enclosed/Encapsulated, Din Rail, Open Frame, PCB Mount, Configurable Type AC-DC Power Supply, and Others. Based on DC-DC Converter, the market is further segmented into Isolated, and Non-Isolated. Based on Vertical the market is segmented into Telecommunications, Consumer Electronics, Medical & Healthcare, Military & Aerospace, Transportation, Lighting, Food & Beverages, and Industrial.

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Report Coverage	Details
Market Revenues (2022)	USD 43.3 billion
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Output Power, By Product Type, By Vertical, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	MEAN WELL Enterprises Co., Ltd., Siemens AG, TDK-Lambda Corporation, General Electric, XP Power, Mouser Electronics, Inc., Phoenix Contact, Artesyn, Delta Electronics, Inc., COSEL Co., Ltd., and PULS GmbH, among others; a total of 11 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 Power Supply Market by Output Power        

• • Power Supply with Low Output (500 W and Below)
  • Power Supply with Medium Output (500–1,000 W)
  • Power Supply with High Output (More Than 1,000 W)

Global Power Supply Market by Product Type          

• • AC-DC Power Supply
    • Enclosed/Encapsulated
    • Din Rail
    • Open Frame
    • PCB Mount
    • Configurable Type AC-DC Power Supply
    • Others
  • DC-DC Converter
    • Isolated
    • Non-Isolated

Global Power Supply Market by Vertical     

• • Telecommunications
  • Consumer Electronics
  • Medical & Healthcare
  • Military & Aerospace
  • Transportation
  • Lighting
  • Food & Beverages
  • Industrial

Global Power Supply Market by Region

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

    • by Output Power
    • by Product Type
    • by Vertical
    • US Market All-Up
    • Canada Market All-Up

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

    • by Output Power
    • by Product Type
    • by Vertical
    • Spain Market All-Up
    • Germany Market All-Up
    • UK Market All-Up
    • France Market All-Up
    • Rest of Europe Market All-Up

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

    • by Output Power
    • by Product Type
    • by Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

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

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

Global Power Supply 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.
  • Siemens AG
  • TDK-Lambda Corporation
  • General Electric
  • XP Power
  • Mouser Electronics, Inc.
  • Phoenix Contact
  • Artesyn
  • Delta Electronics, Inc.
  • COSEL Co., Ltd.
  • PULS GmbH