Power Supply Market – Global Industry Size, Share, Trends, Opportunity and Forecasted, By Output Power (Low, Medium, High), By Type (AC-DC, DC-DC), By Vertical (Telecommunications, Consumer Electronics, Medical & Healthcare, Industrial), By Region and Competition 2018-2028F

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Summary

Report Description

Global power supply market is anticipated to grow at a steady pace in the forecast period, 2023-2028 owing to growing demand from the industrial sector, rising usage of power supply from various end users such as industrial, transportation, aerospace & defense, and rising building and construction activities across the globe.

A power supply is a sort of electrical device that provides power or energy to an electric load that needs it to operate and consume it. Power supplies are primarily used to monitor and adjust electrical power current and voltage so that the proper amount of energy can be delivered to the load. Some appliances have their power supply integrated into them, while others have a separate power supply unit. This design helps prevent electrical problems that may arise from power surges or other issues. By separating the power supply, the appliance can continue to function even if there is a problem with the power source. Additionally, integrating the power supply can help reduce clutter and make the appliance more compact.

Rising Power Supply Demand in Various Applications Such as in Industrial, Transportation, Aerospace & Defense Sectors

The rising demand for power supply by various end users that include healthcare, consumer electronics, telecommunication, and manufacturing industries is likely to propel the demand for power supply across the globe in the forecast period. Additionally, the growing demand for power supply in the transportation, aerospace & defense sector, and industries, etc.  across the globe is likely to fuel the market of power supply in the forecast period. Various developing and developed countries such as the United States, France, Russia, India, Austria, Indonesia invest in their defense sector and security. For instance, Russia’s defense spending amounted to USD 1.5 billion in January 2023 and USD 10.25 billion in February 2023. Therefore, the demand for power supply is expected to rise in the upcoming years. Furthermore, a rising supply of AC-DC power sources is needed, with output voltages ranging from 0.1 W to thousands of watts and output powers from less than 1V to thousands of volts. For instance, In 2021, Saint-Laurent has replaced around 10,000 streetlamps with LEDs lights. Presently, approximately 90% of the streetlamps along Saint-Laurent's roads have been replaced with LEDs. This led to a rise in the demand for power supply. In addition, consumer electronics products such as smartphones are likely to propel the demand for the global power supply market in the upcoming years.

Top Driving Factors Enhance the Market of Power Supply in the Upcoming Years.

Rising Power Consumption: The growing need for electricity from various sectors including commercial, industrial, and residential are the major drivers for the power supply market. In the middle east region, the commercial and residential sectors are responsible for enhancing the demand for electricity in the upcoming years. For instance, the upcoming event in Saudi Arabia, i.e., Cricket Asia Cup 2027 where the continuous demand for electricity is required during the event. It is expected to bring strong benefits to the country’s power supply market and is expected to register a significant CAGR during the forecast period. Additionally, growing urbanization, industrial development and population are likely to contribute to the high demand for electricity in the upcoming years.

Growing Demand for Renewables Energy:  The need for power supply systems that can effectively incorporate renewable power generation is increasing due to the global move towards renewable energy sources, which is being fueled by environmental concerns and governmental laws. Power supply companies are putting their efforts into creating systems that allow for the smooth control and integration of renewable energy sources.

Rising Demand for Data Centers: Data centers are in high demand as a result of the exponential rise of data-intensive services and applications including cloud computing, big data analysis, and IoT. These facilities need reliable and efficient power supply systems to assure continuous operations, which creates a significant market opportunity for power supply manufacturers. 

Challenges: Volatility in Raw Materials and Complex regulatory environment:

The volatility in raw materials is one of the major challenges which is faced by the power supply market. Fluctuations in the prices of raw materials which are used in power supply manufacturing that include aluminum, electric components, and copper can majorly impact the profitability of manufacturing. Also, Russian Ukraine war impacts the rapid price changes that can distribute the supply chain and rise the production costs which is likely to affect the market of power supply in the upcoming years. Additionally, the complex regulatory environment is a major challenge in the power supply market. The power supply industry is subject to a number of laws and norms on environmental effects, energy efficiency, and safety. These laws can be difficult to comply with and time-consuming, which raises the cost of production for businesses and potentially affects power supply market growth in the upcoming years.

Recent Development:

  • In February 2022, Mitsubishi Electric Corporation stated that its US subsidiary Mitsubishi Electric Power Products, Inc. (MEPPI) has acquired California-based Computer Protection Technology, Inc. (CPT) to expand its UPS business in North America. MEPPI and CPT intend for this deal to strengthen their individual business models and provide highly dependable and knowledgeable one-stop services for UPS systems in the North American market, including installation and maintenance.
  • In November 2021, Long-Life DIN Rail Mounted 240W and 480W Uninterruptible Power Supplies were introduced by Emerson Electric Co. The service life of the ultra-dependable SolaHD SDU DC-B UPS control module is 15 years.
  • In October 2021, Schneider Electric's new 5kW APC Smart-UPS Ultra was the latest ground-breaking innovation to solve problems with hybrid IT infrastructure. The most recent single-phase UPS on the market is the lightest single-phase 5kW unit because of EcoStruxure for remote monitoring, administration, and services.
  • In 2020, TRC Electronics, a North American power supply distributor, and XP Power enter a distribution deal. The new partnership enabled the specialized stocking distributor for providing XP Power's whole product line to the industrial electronics, healthcare, and technology and equipment sectors for semiconductor production across North America.
  • In September 2021, A brand-new line of AC-DC power supply for medical applications, the Polytron Devices PFMUIC700 Series, was made & available by New Yorker Electronics. The Polytron PFMUIC700 series comes in a completely enclosed plastic container and is just 6.7 x 3.66 x 1.61 inches (170.2 x 93.0 x 41.0mm) in size. additionally, 12V, 15V, 24V, 28V, and 48V power supplies in the 700W series were launched.
  • In December 2021, The MEA-090A, a new 90W output model, has been added by Delta to their MEA Series Medical AC-DC desktop adapters. It has four output voltages of 12 V, 15 V, 19 V, and 24 V and is 20% smaller than the previous model. The MEA-090A satisfies Efficiency DoE Level VI and ErP Lot 7 requirements with upto 89% efficiency, no-load power consumption of 0.15 W, 115 Vac and 230 Vac input, touch current 0.1 mA (under standard conditions), and electric shock protection compliance with 2 x MOPP.
  •  As of January 31, 2023, India had an installed power capacity of 411.64 GW, making it the third-largest producer and user of energy globally. India had an increase of 10.08% YoY with electricity output (including renewable sources) of 1,359.21 BU up to January 2023 in the current fiscal year FY23. The Ministry of Electricity’s statistics shows that India's electricity consumption climbed 11% YoY to 121.19 BU in December 2022. The Essar Group, which has its headquarters in Mumbai, has also established the Essar Energy Transition (EET), with the aim of investing a total of USD 3.6 billion in the development of a variety of low-carbon energy transition projects over the course of the upcoming years. This led to an increase in the demand for power supply in the forecast period.

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Market Segmentation

The Global Power Supply Market is divided into output power, type, and vertical. Based on output power, the market is divided into Low, Medium and High. Based on type, the market is divided into AC-DC and DC-DC. Based on verticals, the market is divided into telecommunications, consumer electronics, medical & healthcare and industrial. Additionally, based on region, the market is divided into Asia-Pacific, North America, Europe, Middle East & Africa, and South America.

Market Players

Major market players in the Global Power Supply Market are MEAN WELL Enterprises Co. Ltd, TDK Corporation, Siemens AG, General Electric Company, XP Power Ltd, Murata Manufacturing Co. Ltd, Emerson Electric Co, Delta Electronics Inc, Power Systems & Controls Inc, and Acopian Technical Company.


Attribute

Details

Base Year

2022

Historic Data

2018– 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2024-2028

Report Coverage

Revenue forecast, company share, growth factors, and trends

Segments Covered

Output Power

Type

Vertical

Region

Regional scope

Asia-Pacific, North America, Europe, Middle East & Africa, South America

Key companies profiled

MEAN WELL Enterprises Co. Ltd, TDK Corporation, Siemens AG, General Electric Company, XP Power Ltd, Murata Manufacturing Co. Ltd, Emerson Electric Co, Delta Electronics Inc, Power Systems & Controls Inc and Acopian Technical Company

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, the Global Power Supply Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Power Supply Market, By Output Power:
    • Low
    • Medium
    • High
  • Global Power Supply Market, By Type:
    • AC-DC
    • DC-DC
  • Global Power Supply Market, By Vertical:
    • Telecommunications
    • Consumer Electronics
    • Medical & Healthcare
    • Industrial
  • Global Power Supply Market, By Region:
    • Asia-Pacific
    • North America
    • Europe
    • Middle East & Africa
    • South America

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Power Supply Market.

Available Customizations:

Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Power Supply Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.     Market Definition

1.2.     Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.     Objective of the Study

2.2.     Baseline Methodology

2.3.     Key Industry Partners

2.4.     Major Association and Secondary Sources

2.5.     Forecasting Methodology

2.6.     Data Triangulation & Validation

2.7.     Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Global Power Supply Market Outlook

5.1.       Market Size & Forecast

5.1.1.    By Value

5.2.       Market Share & Forecast

5.2.1.    By Output Power (Low, Medium and High),

5.2.2.    By Type (AC-DC and DC-DC),

5.2.3.    By Vertical (Telecommunications, Consumer Electronics, Medical & Healthcare and Industrial)

5.2.4.    By Region

5.2.5.    By Company (2022)

6.    Asia-Pacific Power Supply Market Outlook

6.1.        Market Size & Forecast

6.1.1.    By Value

6.2.        Market Share & Forecast

6.2.1.    By Output Power

6.2.2.    By Type

6.2.3.    By Vertical

6.2.4.    By Country

6.3.        Asia-Pacific: Country Analysis

6.3.1.    China Power Supply Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Output Power

6.3.1.2.2.           By Type

6.3.1.2.3.           By Vertical

6.3.2.    Japan Power Supply Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Output Power

6.3.2.2.2.           By Type

6.3.2.2.3.           By Vertical

6.3.3.    India Power Supply Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Output Power

6.3.3.2.2.           By Type

6.3.3.2.3.           By Vertical

6.3.4.    South Korea Power Supply Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Output Power

6.3.4.2.2.           By Type

6.3.4.2.3.           By Vertical

6.3.5.    Australia Power Supply Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Output Power

6.3.5.2.2.           By Type

6.3.5.2.3.           By Vertical

7.    North America Power Supply Market Outlook

7.1. Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Output Power

7.2.2.    By Type

7.2.3.    By Vertical

7.2.4.    By Country

7.3. North America: Country Analysis

7.3.1.    United States Power Supply Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Output Power

7.3.1.2.2.           By Type

7.3.1.2.3.           By Vertical

7.3.2.    Canada Power Supply Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Output Power

7.3.2.2.2.           By Type

7.3.2.2.3.           By Vertical

7.3.3.    Mexico Power Supply Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Output Power

7.3.3.2.2.           By Type

7.3.3.2.3.           By Vertical

8.    Europe Power Supply Market Outlook

8.1. Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Output Power

8.2.2.    By Type

8.2.3.    By Vertical

8.2.4.    By Country

8.3. Europe: Country Analysis

8.3.1.    Germany Power Supply Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Output Power

8.3.1.2.2.           By Type

8.3.1.2.3.           By Vertical

8.3.2.    United Kingdom Power Supply Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Output Power

8.3.2.2.2.           By Type

8.3.2.2.3.           By Vertical

8.3.3.    France Power Supply Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Output Power

8.3.3.2.2.           By Type

8.3.3.2.3.           By Vertical

8.3.4.    Spain Power Supply Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Output Power

8.3.4.2.2.           By Type

8.3.4.2.3.           By Vertical

8.3.5.    Italy Power Supply Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Output Power

8.3.5.2.2.           By Type

8.3.5.2.3.           By Vertical

9.    Middle East & Africa Power Supply Market Outlook

9.1.     Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Output Power

9.2.2.    By Type

9.2.3.    By Vertical

9.2.4.    By Country

9.3. Middle East & Africa: Country Analysis

9.3.1.    Saudi Arabia Power Supply Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Output Power

9.3.1.2.2.           By Type

9.3.1.2.3.           By Vertical

9.3.2.    UAE Power Supply Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Output Power

9.3.2.2.2.           By Type

9.3.2.2.3.           By Vertical

9.3.3.    South Africa Power Supply Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Output Power

9.3.3.2.2.           By Type

9.3.3.2.3.           By Vertical

10. South America Power Supply Market Outlook

10.1.  Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Output Power

10.2.2. By Type

10.2.3. By Vertical

10.2.4. By Country

10.3.  South America: Country Analysis

10.3.1. Brazil Power Supply Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Output Power

10.3.1.2.2.         By Type

10.3.1.2.3.         By Vertical

10.3.2. Argentina Power Supply Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Output Power

10.3.2.2.2.         By Type

10.3.2.2.3.         By Vertical

10.3.3. Colombia Power Supply Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Output Power

10.3.3.2.2.         By Type

10.3.3.2.3.         By Vertical

11.  Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Company Profiles

13.1.             MEAN WELL Enterprises Co. Ltd,

13.1.1. Business Overview

13.1.2. Key Revenue and Financials

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services

13.2.             TDK Corporation

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services

13.3.             Siemens AG

13.3.1. Business Overview

13.3.2. Key Revenue and Financials

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Service

13.4.             General Electric Company

13.4.1. Business Overview

13.4.2. Key Revenue and Financials

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Service

13.5.             XP Power Ltd

13.5.1. Business Overview

13.5.2. Key Revenue and Financials

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services

13.6.             Murata Manufacturing Co. Ltd

13.6.1. Business Overview

13.6.2. Key Revenue and Financials

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services

13.7.             Emerson Electric Co

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services

13.8.             Delta Electronics Inc

13.8.1. Business Overview

13.8.2. Key Revenue and Financials

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services

13.9.             Power Systems & Controls Inc

13.9.1. Business Overview

13.9.2. Key Revenue and Financials

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services

13.10.          Acopian Technical Company

13.10.1.              Business Overview

13.10.2.              Key Revenue and Financials

13.10.3.              Recent Developments

13.10.4.              Key Personnel

13.10.5.              Key Product/Services

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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MEAN WELL Enterprises Co. Ltd, TDK Corporation, Siemens AG, General Electric Company, XP Power Ltd, Murata Manufacturing Co. Ltd, Emerson Electric Co, Delta Electronics Inc, Power Systems & Controls Inc and Acopian Technical Company among others are the leading players in the Global Power Supply Market.

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The AC-DC type segment dominated the market in 2022 and is expected to do so during the upcoming years owing to widely used in the industrial, medical & healthcare sectors. The commodity and non-commodity sectors each provide almost similar amounts of income to the AC-DC market. Additionally, increasing the usage of data centers across the globe is supporting the growth of the AC-DC Power Supply Market.

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Growing demand from the industrial sector, rising usage of power supply from various end users such as industrial, transportation, and aerospace & defense, and rising building and construction activities are the major drivers of the global power supply market.

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Volatility in raw materials and complex regulatory environment are the major challenges faced by the Global Power Supply Market.

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