AC Power Sources Market is expected to grow at a CAGR of 4.2% through 2030F
The global AC Power Sources Market is
expected to be led by North America, driven by Renewable energy integration
& smart grids and Electric vehicle (EV) ecosystem during the forecast
period 2026-2030F
According to TechSci Research
report, “AC Power Sources
Market - Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F, The Global AC Power Sources Market was valued at USD
1.3 Billion in 2024 and is expected to reach USD 1.7 Billion by 2030 with a
CAGR of 4.2% through 2030. One
significant factor is the rapid expansion of telecommunication infrastructure,
especially with the rollout of 5G networks and increased data center
establishments, which require reliable and stable power sources for continuous
operation and system testing. Another major driver is the increasing adoption
of industrial automation and robotics, where consistent and programmable AC
power is essential for testing complex systems and ensuring high-performance
standards.
Moreover,
stringent regulatory standards for product safety, quality, and energy
efficiency are encouraging manufacturers to adopt precise and programmable
power sources for accurate testing and compliance. The rise in research and
development activities across defense, aerospace, and medical device
manufacturing is also contributing to market growth, as these sectors demand
specialized power testing equipment for sensitive and high-precision
applications. Additionally, the transition toward digitization and Industry 4.0
is pushing companies to upgrade legacy equipment with smart, IoT-enabled power
sources. These developments, combined with global efforts to enhance power
quality and reduce operational downtime, are creating a favorable environment
for the sustained expansion of the AC power sources market across both
developed and emerging economies.
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Based on Type, Three Phase segment
dominated the AC Power Sources Market in 2024 and maintain its leadership
throughout the forecast period, owing to its widespread application across
heavy-duty industrial and commercial sectors. Three-phase AC power sources are
highly preferred for high-power applications due to their superior efficiency,
higher power capacity, and balanced load distribution compared to single-phase
systems. These systems are particularly suited for large-scale equipment such
as motors, compressors, manufacturing machinery, and power electronics testing,
where consistent and stable voltage is crucial. Industries such as oil &
gas, energy & power, automotive, aerospace, and heavy engineering rely
extensively on three-phase AC sources to ensure operational reliability, reduce
downtime, and maintain precision in power output.
Moreover, the increasing global focus on
industrial automation, smart manufacturing, and electrification has
significantly fueled the demand for three-phase power setups. Emerging
technologies like electric vehicles (EVs), renewable energy integration, and
high-frequency testing equipment also require robust and scalable AC power,
further bolstering the adoption of three-phase systems. Governments and private
players are investing in infrastructure upgrades and advanced grid systems,
many of which are built on three-phase power frameworks to support high-load
capacity with minimal energy loss.
In addition, the rapid industrial
expansion in Asia-Pacific, North America, and parts of Europe has created a
significant need for three-phase AC power sources, particularly in sectors that
operate around the clock and require stable energy supply. In developing
countries, as industries shift from manual to semi-automated or fully automated
systems, the demand for reliable power infrastructure, including three-phase
solutions, is accelerating. Furthermore, the growing complexity of electrical
testing and certification procedures in manufacturing and R&D environments
has increased reliance on programmable and modular three-phase AC sources that
offer better control and simulation capabilities.
Technological advancements have also
enhanced the appeal of three-phase systems. Modern AC power sources now offer
features such as remote monitoring, automatic load balancing, harmonic
suppression, and real-time fault detection, making them ideal for mission-critical
operations. These innovations ensure efficiency, reduce power wastage, and
prolong equipment lifespan—factors crucial for industries with high operational
costs and stringent safety standards.
Asia Pacific is emerging as the
fastest-growing region for the AC Power Sources Market, driven by a combination
of industrial expansion, urbanization, and growing investment in energy
infrastructure. Countries such as China, India, Japan, South Korea, and
Southeast Asian nations are witnessing a surge in demand for advanced AC power
systems due to increasing manufacturing activities, the rise of smart
factories, and the growing need for precise electrical testing equipment across
various sectors including electronics, automotive, aerospace, and power
generation.
Governments across the region are
pushing for technological upgrades in energy and manufacturing sectors, with
significant investments in automation, electric vehicle development, renewable
energy projects, and high-voltage equipment testing. This is creating a strong
market for programmable and three-phase AC power sources. In addition, national
policies such as India’s “Make in India” initiative and China’s industrial
modernization efforts under “Made in China 2025” are promoting local production
and infrastructure upgrades, boosting the need for reliable AC power solutions.
Furthermore, increasing focus on clean
energy and grid stability is encouraging utilities and power companies to adopt
modern AC power sources for grid simulation, inverter testing, and battery
energy storage systems. The presence of major electronics manufacturing hubs in
the region is also a key growth factor. With a large and growing consumer base,
supportive policies, and rising awareness of energy efficiency and quality,
Asia Pacific is set to continue its strong growth trajectory in the AC power sources
market over the coming years.
Key market players in the AC Power
Sources Market are: -
- Keysight Technologies, Inc.
- AMETEK Programmable Power, Inc.
- Chroma ATE Inc.
- Pacific Power Source, Inc.
- Matsusada Precision Inc.
- B&K Precision Corporation
- Good Will Instrument Co., Ltd.
- Yokogawa Electric Corporation
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“The global AC power sources market
presents significant opportunities driven by rising demand for advanced testing
equipment across automotive, electronics, and renewable energy sectors. The
growing adoption of electric vehicles, smart grids, and high-efficiency
industrial machinery is fueling the need for programmable and high-capacity AC
power systems. Emerging markets in Asia Pacific, Latin America, and Africa
offer untapped potential due to increasing industrialization and infrastructure
development. Additionally, the shift toward clean energy and the integration of
energy storage systems create opportunities for innovation in AC power
technologies. Government support and private investments further enhance market
growth prospects globally.” said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based global management consulting firm.
“AC Power Sources Market
– Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By
Type (Single Phase, Three Phase, Pulse Width Modulation, Linear), By
Application (Oil & Gas, Energy & Power, Automotive, Healthcare,
Others), By Region, By Competition, 2020-2030F” has evaluated the future
growth potential of AC Power Sources Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in AC Power Sources Market.
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