A power supply is an electric device that supplies power to an electrical load. The primary function is to convert electric current from a source to the correct voltage, current, and frequency to power the load. It may also convert a different form of energy - such as solar, mechanical, or chemical - into electrical energy.
The power supply market is heavily influenced by driving factors such as growing adoption of home and building automation systems, emerging telecommunications sector and increasing demand for energy-efficient devices/appliances boosts the market growth. However, the increase in adoption of high-voltage direct current (HVDC) and renewable energy sources may affect the growth of AC-DC power supply market is impacting negatively on the growth of this market in the current market scenario.
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The global power supply market is segmented on the basis of product type, output power and by vertical. Based on product type the market is segmented as AC-DC power supply and DC-DC converter. On the basis of output power the market is segmented as 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). On the basis of vertical the market is segmented as telecommunications, consumer electronics, medical and healthcare, military and aerospace, transportation, lighting, food and beverages and industrial.
Leading companies operating in this reports are, Artesyn, COSEL USA, Delta Electronics, MEAN WELL Enterprises, Murata Power Solutions, PHOENIX CONTACT, Puls Technologies, Siemens, TDK-Lambda Corporation, XP Power.
AC-DC is the fastest-growing type of power supply, owing to its wide usage in industrial and medical & healthcare applications. There are a wide variety of AC-DC power supplies that can have an output voltage from less than 1 V to thousands of volts and output power ranging from 1 W to thousands of watts. Various types of AC-DC power supplies such as enclosed/encapsulated, DIN rail, open frame, PCB mount, configurable, and others (panel mount, specific purpose, chassis mount, front end type, and external type power supplies) are utilized mainly in lighting, industrial, and consumer electronics applications.
In terms of Product Type Segment AC-DC is major in the Power Supply Market. Which held the largest market share during forecast period. AC-DC Power Supply In industrial and medical & healthcare applications widely used. There are a wide variety of AC-DC power supplies having an output voltage from less than 1 V to thousands of volts and output power range is from 1 W to thousands of watts. Various types of AC-DC power supplies such as enclosed/encapsulated, DIN rail, open frame, PCB mount, configurable are used mainly in lighting, industrial, and consumer electronics application.
Demand of Power Supply Market from various applications including lighting, telecommunications, consumer electronics, medical & healthcare, industrial, food & beverages, transportation, and military & aerospace increased. Growing demand for energy-efficient devices and renewable energy sources may affect growth of AC-DC Power Supply Market.