Dublin, Nov. 05, 2024 (GLOBE NEWSWIRE) — The “Industrial Power Supply – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Industrial Power Supply was estimated at US$8.8 Billion in 2023 and is projected to reach US$13.9 Billion by 2030, growing at a CAGR of 6.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Industrial power supply systems are critical for ensuring the reliable operation of machinery, equipment, and processes across industries such as manufacturing, telecommunications, healthcare, and energy. These systems provide stable and uninterrupted electrical power to industrial devices, enabling them to operate efficiently and without disruption. Industrial power supply solutions range from uninterruptible power supplies (UPS) and power distribution units (PDUs) to transformers and generators, all designed to meet the high power demands of industrial environments.
The growth in the industrial power supply market is driven by several factors, including the increasing demand for reliable and energy-efficient power solutions, the expansion of industrial automation, and the growing adoption of renewable energy sources. As industries continue to automate processes and digitize operations, the need for uninterrupted power supply systems that can support critical equipment is becoming more pronounced.
Technological advancements in power electronics and energy storage are also driving demand for more efficient and sustainable power solutions. Additionally, the rising focus on renewable energy integration in industrial power systems is contributing to market growth, as companies seek to reduce their reliance on traditional energy sources and lower their environmental impact.
How Are Technological Advancements Shaping the Industrial Power Supply Market?
Technological advancements in power supply systems are enhancing the efficiency, reliability, and sustainability of industrial power supply solutions. Innovations in power electronics, such as high-efficiency inverters and converters, are improving the performance of power supply systems, reducing energy losses and extending the lifespan of industrial equipment.
Additionally, the integration of smart grid technologies and IoT-based monitoring systems is enabling real-time power management and predictive maintenance, allowing companies to optimize energy consumption and prevent costly downtime. The development of renewable energy-based power supplies, such as solar and wind-powered solutions, is also gaining traction as industries look to reduce their carbon footprint and achieve energy sustainability goals.
How Do Market Segments Define the Growth of the Industrial Power Supply Market?
Product types include AC-DC converters, DC-DC converters, uninterruptible power supplies (UPS), and inverters, with UPS systems holding the largest market share due to their widespread use in critical applications such as healthcare and data centers. Power ratings range from low to high power, with high-power systems seeing rapid growth as industries such as manufacturing and telecommunications demand more robust solutions to support heavy machinery and complex networks. End-use industries include manufacturing, healthcare, telecommunications, and energy, with the telecommunications and data center sectors driving demand for reliable and uninterrupted power supply systems as digital infrastructure expands globally.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the AC-DC Converter segment, which is expected to reach US$10.2 Billion by 2030 with a CAGR of a 6.3%. The DC-DC Converter segment is also set to grow at 7.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $2.3 Billion in 2023, and China, forecasted to grow at an impressive 9.8% CAGR to reach $3.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Industrial Power Supply market such as ABB, Acopian, Amara Raja Power Systems, Artesyn Embedded Power, Cosel and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 92 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $8.8 Billion |
| Forecasted Market Value (USD) by 2030 | $13.9 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Industrial Power Supply – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Demand for Energy-Efficient Power Supplies Propels Market Growth
- Technological Advancements in Power Supply Systems Strengthen Business Case for Adoption
- Growth in Automation and Robotics Expands Market for Industrial Power Supply Solutions
- Increasing Focus on Renewable Energy Integration Drives Adoption of Industrial Power Supply Systems
- Expansion of Data Centers and IT Infrastructure Spurs Demand for Reliable Power Solutions
- Rising Demand for Power Supply Systems in Electric Vehicles (EVs) Expands Addressable Market
- Increasing Adoption of Uninterruptible Power Supply (UPS) Systems in Critical Industries Drives Market Growth
- Focus on Reducing Downtime and Ensuring Continuous Operations Spurs Demand for Industrial Power Supplies
- Growth in Industrial IoT (IIoT) Applications Expands Market Opportunities for Power Supply Systems
- Technological Innovations in Power Conversion and Inverters Propel Market Expansion
- Rising Demand for Smart Grids and Smart Power Solutions Strengthens Market Potential
FOCUS ON SELECT PLAYERS:Some of the 36 companies featured in this Industrial Power Supply market report include
- ABB
- Acopian
- Amara Raja Power Systems
- Artesyn Embedded Power
- Cosel
- CUI
- Delta Electronics
- FSP
- Mean Well
- MTM Power
- Murata Power Solutions
- Phoenix Contact
- Puls
- Siemens
- TDK Lambda
- XP Power
For more information about this report visit https://www.researchandmarkets.com/r/wwqxxr
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
- Industrial Power Supply Market
