AC Power Sources Market

AC Power Sources Market by Phase Type (Single, Three), Modulation Type (PWM, Linear), Application (Aerospace, Defense & Government Services, Energy, Wireless Communication & Infrastructure, Consumer Electronics & Appliances) & Region - Global Forecast to 2027

Report Code: EP 7525 Aug, 2022, by marketsandmarkets.com

[186 Pages Report] The global AC power sources market size will grow to USD 1.7 billion by 2027 from USD 1.5 billion in 2022, at a CAGR of 2.2% during the forecast period. The growth of the AC power sources market can be attributed to the increasing Production of Equipment Used in Renewable Power Generation, Avionics, and Electric Vehicles. The increasing demand for energy-efficient devices in the industrial sector is also an important driver for the AC power sources market.

AC Power Sources Market

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AC Power Sources Market Dynamics

Driver: Growing sales of electric vehicles worldwide Increasing Production of Equipment Used in Renewable Power Generation, Avionics, and Electric Vehicles

Industry 4.0 will be highly automated, with faster production timelines and a smart warehouse, allowing for rapid production and distribution of products. As a result an opportunity to create new forms of efficiency and flexibility by connecting different processes, information streams, and stakeholders (frontline workers, planners, etc.) in a streamlined fashion. Smart factory initiatives might also be referred to as “digital factories” or “intelligent factories.” High-power AC power sources are required for the development of these devices. It is critical to ensure their form and function as they are meant to perform a variety of complex operations.

Renewable power generation is increasing because of the heavy emphasis on clean energy generation and emission control. Devices such as PV inverters require extensive testing to get certified for grid-tied operation under all kinds of adverse line conditions. The aerospace & defense sector is growing significantly due to several developments, such as Unmanned Aircraft Systems (UAS), UAVs, and air traffic control systems. These complex systems require high power density and light-weight AC power sources for standard compliance testing, accuracy, and reliability testing, which, in turn, will boost the demand for AC power sources.

The automotive industry is shifting focus on manufacturing electric vehicles, which creates a demand for efficient electric motors and EV charging stations. The significant risks and costs associated with any failure in the automotive industry impose the demand for high testing levels as compared to normal product reliability testing. The rising technological advancements and increasing automation across industries drive the demand for AC power sources

Restraint: R&D and Testing rates are higher mostly in developed economies

Mature markets, also known as developed markets, are countries that have the most advanced economies and capital markets. These countries have high GDP, GNP, and per capita income. Mature markets are also characterized by industrialization, including countries with primarily service economies. Well-established industry players have their R&D laboratory and manufacturing facilities in Germany, the UK, and the US. These facilities are the major hubs for manufacturing equipment and devices, which are integral components of any end-use industry. AC power sources are used to test this equipment. Few new companies enter the market, and innovation takes place slowly. While a successful mature market entry can provide stability, they face several challenges and drawbacks in entering. Competitors have more familiarity with the industry, business operations, and customers. The costs to enter a mature market successfully are usually high. It takes much more money to enter as a new competitor to establish a brand reputation and promote yourself to get customers away from other providers. These factors put you at a strategic disadvantage

However, the life span of an AC power source unit varies from 5 to 10 years, depending upon the usage. In case of any default, repair & maintenance, and recalibration services are offered by the respective OEMs. Hence, the annual sales are less for the AC power sources market as they have a long life span and negligible maintenance cost.

Opportunities: Implementation of smart city concept

Smart cities aim to reduce anticipated complexities (such as power failures and power security) and expenses that accompany future urbanization. Hence, the integration of information and communication technology (ICT) will improve the energy efficiency of the equipment. The integration of information and communication technology provides a data-driven understanding of a customer and employee and aligns well with the company’s overall strategic objectives as defined by the sustainability action plan. The development of smart cities is likely to drive innovations in industries such as manufacturing, automotive, consumer electronics, wireless communication, and infrastructure (green buildings) which will fuel the demand for AC power source devices.

Challenges: Availability of cheaper products in the market

The AC Power source market is highly fragmented, with many local and international players. Product quality is a primary parameter for any manufacturer to differentiate from others. The organized sector mainly targets industrial buyers and maintains superior product quality by adhering to various industrial standards. On the contrary, the unorganized sector, mainly the local Chinese manufacturers, offers a cheaper alternative to entering the untapped local markets. Local manufacturers in most countries target the unorganized sector and compete strongly with global suppliers in the respective markets. The leading market players are currently facing stiff competition from such new players from the unorganized sector, supplying cheap and low-quality power supply products that emit toxic gases when heated or exposed to fire. These grey market players overpower the big players in terms of price competitiveness and local distribution network, which is a major challenge for the big players in the AC power source market.

Market Trends

AC Power Sources Market Size, and Share

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Three-phase segment, by power phase supply, is expected to be the largest market during the forecast period

The three-phase segment is expected to be the largest market during the forecast period. The efficiency of a three-phase power system is significantly higher than a single-phase system carrying the same load, hence the demand for a three-phase segment is rising, which will, in turn, increase the demand for AC power sources.

By modulation, the PWM segment is expected to be the fastest growing market for the global AC power sources market during the forecast period

By modulation, the AC power sources market has been segmented into PWM, and linear. PWM is expected to be the fastest growing market during the forecast period with the highest CAGR. The rising demand for PWM in switch mode power supplies due to high efficiency and compact size is the prime reason for the growth of this market

“Asia Pacific: The fastest AC power sources market”

Asia Pacific is expected to be the fastest growing region for the global AC power sources market between 2022–2027, followed by Europe and North America. The growing inclination of China and Japan toward industrial automation and the rising adoption of electric vehicles in the region are among the reasons for the region’s significant market size.

AC Power Sources Market Size, and Share

Key Market Players

The AC power sources market is dominated by a few major players that have a wide regional presence. The major players in the AC power sources market are Keysight Technologies (US), Chroma ATE (Taiwan), AMETEK (US), Pacific Power Source (US), and Matsusada Precision (Japan). Between 2018 and 2022, the companies adopted growth strategies such as sales contracts to capture a larger share of the AC power sources market.

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Scope of the Report

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2021

Forecast period

2022–2027

Forecast units

Value (USD Million/Billion), Volume (Thousand Units)

Segments Covered

Power supply phase, Modulation type, Application, and Region

Geographies covered

North America, South America, Asia Pacific, Middle East and Africa, and Europe

Companies covered

Keysight Technologies (US), Chroma ATE (Taiwan), AMETEK Inc. (US), Pacific Power Source (US), Matsusada Precision (Japan), Kikusui Electronics Corporation (Japan), Good Will Instrument (Taiwan), REGATRON (Switzerland), AC Power Corp. (Taiwan), B&K Precision Corporation (US), Ainuo Instruments (China), Orbit International Corp. (US), Ikonix Corporation (US), Newtons4th ltd. (UK), Aplab Limited (India), NH Research, Inc. (US), NF Corporation (Japan), Sophpower Electronics (China), ET Systems Electronic (Germany), and ITECH Electronic (Taiwan)

This research report categorizes the AC power sources market by Power supply phase, Modulation type, Application, and Region

On the basis of the power supply phase, the AC power sources market has been segmented as follows:

  • Single-phase
  • Three-phase

On the basis of Modulation type, the AC power sources market has been segmented as follows:

  • PWM
  • Linear

On the basis of Application, the AC power sources market has been segmented as follows:

  • Aerospace
  • Defense & government services
  • Energy
  • Wireless Communication & Infrastructure
  • Consumer electronics & appliances
  • Others

On the basis of region, the AC power sources market has been segmented as follows:

  • North America
  • South America
  • Europe
  • Middle East and Africa
  • Asia Pacific

Recent Developments

  • In November 2021, Chroma introduced Chroma 61800-100 Regenerative Grid Simulator for 105 kVA high-power AC power supply solutions for EVSE testing
  • In March 2021, Keysight launched the SL1200A Series Scienlab Regenerative 3-phase AC emulators for electric vehicle charging and grid-tied applications.
  • In April 2019, Pacific Power Source launched a new ADF Series of AC power sources, which are cost-effective, stable, and well-regulated AC power conversion from 45 to 500 Hz, available in single-and three-phase models.
  • In July 2018, AMETEK developed MIL-STD-1399 300 Revision B is an electrical interface for shipboard and submarine equipment

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 24)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
           1.3.1 AC POWER SOURCES MARKET, BY POWER SUPPLY PHASE: INCLUSIONS AND EXCLUSIONS
           1.3.2 AC POWER SOURCES MARKET, BY MODULATION TYPE: INCLUSIONS AND EXCLUSIONS
           1.3.3 AC POWER SOURCES MARKET, BY APPLICATION: INCLUSIONS AND EXCLUSIONS
           1.3.4 AC POWER SOURCES MARKET, BY REGION: INCLUSIONS AND EXCLUSIONS
    1.4 STUDY SCOPE
           1.4.1 MARKETS COVERED
                    FIGURE 1 AC POWER SOURCES MARKET SEGMENTATION
           1.4.2 GEOGRAPHIC SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED
    1.6 UNIT CONSIDERED
    1.7 STUDY LIMITATIONS
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 30)
    2.1 RESEARCH DATA
           FIGURE 2 AC POWER SOURCES MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 3 MARKET BREAKDOWN AND DATA TRIANGULATION
           2.2.1 SECONDARY AND PRIMARY RESEARCH
           2.2.2 SECONDARY DATA
                    2.2.2.1 List of key secondary sources
                    2.2.2.2 Key data from secondary sources
           2.2.3 PRIMARY DATA
                    2.2.3.1 Key data from primary sources
                    2.2.3.2 Breakdown of primaries
    2.3 RESEARCH SCOPE
    2.4 DEMAND-SIDE ANALYSIS
           FIGURE 4 PARAMETERS CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND FOR AC POWER SOURCES
           2.4.1 DEMAND-SIDE ANALYSIS: BOTTOM-UP APPROACH
                    FIGURE 5 AC POWER SOURCES MARKET: REGION/COUNTRY-WISE ANALYSIS
                    2.4.1.1 Approach for obtaining market size using bottom-up analysis (demand side)
                    2.4.1.2 Calculation of demand-side analysis of AC power sources market
                    2.4.1.3 Key assumptions while calculating demand-side market size
           2.4.2 SUPPLY-SIDE ANALYSIS: TOP-DOWN APPROACH
                    2.4.2.1 Approach for arriving at market size using top-down analysis (supply side)
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATIONS FOR ONE COMPANY IN AC POWER SOURCES MARKET
                    2.4.2.2 Calculations for supply-side analysis
                               FIGURE 7 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF AC POWER SOURCES
                    2.4.2.3 Approach for arriving at market size using top-down analysis (supply side)
                               FIGURE 8 COMPANY REVENUE ANALYSIS, 2021
    2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS
           2.5.1 RESEARCH ASSUMPTIONS
           2.5.2 RESEARCH LIMITATIONS
    2.6 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 44)
    TABLE 1 AC POWER SOURCES MARKET SNAPSHOT
    FIGURE 9 ASIA PACIFIC LED AC POWER SOURCES MARKET IN 2021
    FIGURE 10 THREE-PHASE AC POWER SOURCES EXPECTED TO COMMAND MARKET THROUGHOUT FORECAST PERIOD
    FIGURE 11 PWM AC POWER SOURCES TO LEAD MARKET FROM 2022 TO 2027
    FIGURE 12 ENERGY APPLICATION TO CONTINUE TO HOLD LARGEST SHARE OF AC POWER SOURCES MARKET BETWEEN 2022 AND 2027

4 PREMIUM INSIGHTS (Page No. - 48)
    4.1 ATTRACTIVE OPPORTUNITIES FOR AC POWER SOURCES MARKET PLAYERS
           FIGURE 13 INCREASING DEMAND FOR ENERGY-EFFICIENT DEVICES IN INDUSTRIAL SECTOR TO DRIVE MARKET
    4.2 AC POWER SOURCES MARKET, BY REGION
           FIGURE 14 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR AC POWER SOURCES DURING FORECAST PERIOD
    4.3 AC POWER SOURCES MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY
           FIGURE 15 CONSUMER ELECTRONICS & APPLIANCES SEGMENT AND CHINA DOMINATED AC POWER SOURCES MARKET IN ASIA PACIFIC
    4.4 AC POWER SOURCES MARKET, BY POWER SUPPLY PHASE
           FIGURE 16 THREE-PHASE AC POWER SOURCES TO ACCOUNT FOR MAJORITY OF MARKET SHARE IN 2027
    4.5 AC POWER SOURCE MARKET, BY MODULATION TYPE
           FIGURE 17 PWM TYPE TO CAPTURE LARGER MARKET SHARE IN 2027
    4.6 AC POWER SOURCES MARKET, BY APPLICATION
           FIGURE 18 ENERGY SEGMENT TO HOLD LARGEST MARKET SHARE IN 2027

5 MARKET OVERVIEW (Page No. - 52)
    5.1 OVERVIEW
    5.2 MARKET DYNAMICS
           FIGURE 19 AC POWER SOURCES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for renewable energy equipment, avionics, and electric vehicles
                               FIGURE 20 RENEWABLE ELECTRICITY CAPACITY ADDITION, 2014–2021
                               FIGURE 21 INSTALLED RENEWABLE ELECTRICITY GENERATION CAPACITY, 2020–2050
                    5.2.1.2 Surging requirement for energy-efficient devices in industrial processes
                               FIGURE 22 INDUSTRY ENERGY PRODUCTIVITY, BY REGION
           5.2.2 RESTRAINTS
                    5.2.2.1 Reduced R&D spending by manufacturers of AC power sources
                    5.2.2.2 Difficulty in understanding complex system interface
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising focus on developing smart cities
                    5.2.3.2 Growing number of EV charging stations across many countries
                               FIGURE 23 ELECTRIC CAR SALES, 2021
           5.2.4 CHALLENGES
                    5.2.4.1 Availability of cheaper substitute products
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR AC POWER SOURCES MARKET PLAYERS
                    FIGURE 24 REVENUE SHIFT IN AC POWER SOURCES MARKET PLAYERS
    5.4 TRADE ANALYSIS
           TABLE 2 REGION-WISE IMPORT DATA, 2019–2021 (USD MILLION)
           TABLE 3 REGION-WISE EXPORT DATA, 2019–2021 (USD MILLION)
    5.5 MARKET MAP
           FIGURE 25 AC POWER SOURCES MARKET: MARKET MAP
    5.6 VALUE CHAIN ANALYSIS
           FIGURE 26 AC POWER SOURCES MARKET: VALUE CHAIN ANALYSIS
           TABLE 4 AC POWER SOURCES MARKET: ROLE IN ECOSYSTEM
           5.6.1 RAW MATERIAL/COMPONENT PROVIDERS
           5.6.2 ASSEMBLERS/MANUFACTURERS
           5.6.3 DISTRIBUTORS
           5.6.4 END-USERS
    5.7 CODES AND REGULATIONS
           5.7.1 CODES AND REGULATIONS RELATED TO AC POWER SOURCES
                    TABLE 5 AC POWER SOURCES MARKET: CODES AND REGULATIONS
           5.7.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 6 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 7 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.8 PATENT ANALYSIS
           TABLE 11 AC POWER SOURCES: INNOVATION AND PATENT REGISTRATION, FEBRUARY 2016– NOVEMBER 2021
           5.9 PORTER’S FIVE FORCES ANALYSIS
                    FIGURE 27 PORTER’S FIVE FORCES ANALYSIS
                    TABLE 12 AC POWER SOURCES MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.9.1 THREAT OF SUBSTITUTES
           5.9.2 BARGAINING POWER OF SUPPLIERS
           5.9.3 BARGAINING POWER OF BUYERS
           5.9.4 THREAT OF NEW ENTRANTS
           5.9.5 INTENSITY OF COMPETITIVE RIVALRY
    5.10 CASE STUDY ANALYSIS
           5.10.1 AMP-LINE CORP. CONTINUES OFFERING HUBBELL POWER SYSTEMS WITH QUALITY AC POWER SUPPLIES
                    5.10.1.1 Problem statement
                    5.10.1.2 Solution
           5.10.2 TI AUTOMOTIVE SYSTEMS USES CUSTOM AC POWER SOURCE THAT CAN PRODUCE REQUIRED FREQUENCY
                    5.10.2.1 Problem statement
                    5.10.2.2 Solution
    5.11 AVERAGE PRICING OF AC POWER SOURCES
                    TABLE 13 GLOBAL AVERAGE SELLING PRICE OF AC POWER SOURCES, BY TYPE
    5.12 TECHNOLOGY ANALYSIS
           5.12.1 ADAPTATION OF METAL-OXIDE-SEMICONDUCTOR FIELD-EFFECT TRANSISTOR TECHNOLOGY
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 28 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR APPLICATIONS
                    TABLE 14 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR MAJOR APPLICATIONS (%)
           5.13.2 BUYING CRITERIA
                    FIGURE 29 KEY BUYING CRITERIA FOR APPLICATIONS
                    TABLE 15 KEY BUYING CRITERIA, BY APPLICATION
    5.14 KEY CONFERENCES AND EVENTS, 2022–2024
                    TABLE 16 AC POWER SOURCES MARKET: DETAILED LIST OF CONFERENCES AND EVENTS

6 AC POWER SOURCES MARKET, BY POWER SUPPLY PHASE (Page No. - 75)
    6.1 INTRODUCTION
           FIGURE 30 AC POWER SOURCES MARKET SHARE, BY POWER SUPPLY PHASE, 2021
           TABLE 17 AC POWER SOURCES MARKET, BY POWER SUPPLY PHASE, 2020–2027 (USD MILLION)
    6.2 SINGLE-PHASE
           6.2.1 DESIGNED FOR TESTING CONSUMER ELECTRONICS AND INDUSTRIAL DEVICES
                    TABLE 18 SINGLE-PHASE: AC POWER SOURCES MARKET, BY REGION, 2020–2027 (USD MILLION)
    6.3 THREE-PHASE
           6.3.1 PROVIDES CONTINUOUS POWER SUPPLY NECESSARY IN HEAVY INDUSTRIES
                    TABLE 19 THREE-PHASE: AC POWER SOURCES MARKET, BY REGION, 2020–2027 (USD MILLION)

7 AC POWER SOURCES MARKET, BY MODULATION TYPE (Page No. - 79)
    7.1 INTRODUCTION
           FIGURE 31 SHARE OF MODULATION TYPE IN AC POWER SOURCES MARKET, 2021
           TABLE 20 AC POWER SOURCES MARKET, BY MODULATION TYPE, 2020–2027 (USD MILLION)
    7.2 PWM
           7.2.1 WIDELY USED IN SWITCH-MODE POWER SUPPLIES
                    TABLE 21 PWM: AC POWER SOURCES MARKET, BY REGION, 2020–2027 (USD MILLION)
    7.3 LINEAR
           7.3.1 SUITABLE FOR APPLICATIONS REQUIRING LOW RIPPLE AND LESS ELECTROMAGNETIC EMISSION
                    TABLE 22 LINEAR: AC POWER SOURCES MARKET, BY REGION, 2020–2027 (USD MILLION)

8 AC POWER SOURCES MARKET, BY APPLICATION (Page No. - 83)
    8.1 INTRODUCTION
           FIGURE 32 AC POWER SOURCES MARKET, BY APPLICATION, 2021
           TABLE 23 AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
    8.2 AEROSPACE
           8.2.1 DEMAND FOR AEROSPACE AND AIRBORNE ELECTRONICS THAT COMPLY WITH SAFETY STANDARDS TO BOOST MARKET GROWTH
                    TABLE 24 AEROSPACE: AC POWER SOURCES MARKET, BY REGION, 2020–2027 (USD MILLION)
    8.3 WIRELESS COMMUNICATION & INFRASTRUCTURE
           8.3.1 FOCUS OF TELECOM SECTOR ON DIGITALIZATION TO GENERATE NEED FOR AC POWER SOURCES
                    TABLE 25 WIRELESS COMMUNICATION & INFRASTRUCTURE: AC POWER SOURCES MARKET, BY REGION, 2020–2027 (USD MILLION)
    8.4 CONSUMER ELECTRONICS & APPLIANCES
           8.4.1 REQUIREMENT FOR AC POWER SOURCES FOR TESTING SMART HOME APPLIANCES TO ACCELERATE GROWTH
                    TABLE 26 CONSUMER ELECTRONICS & APPLIANCES: AC POWER SOURCES MARKET, BY REGION, 2020–2027 (USD MILLION)
    8.5 DEFENSE & GOVERNMENT SERVICES
           8.5.1 ADOPTION OF ELECTRICALLY POWERED SYSTEMS IN DEFENSE TO SUPPORT MARKET GROWTH
                    TABLE 27 DEFENSE & GOVERNMENT SERVICES: AC POWER SOURCES MARKET, BY REGION, 2020–2027 (USD MILLION)
    8.6 ENERGY
           8.6.1 IMPLEMENTATION OF AC POWER SOURCES TO IMPROVE SAFETY AND EFFICIENCY OF GRID-CONNECTED DEVICES TO DRIVE MARKET
                    TABLE 28 ENERGY: AC POWER SOURCES MARKET, BY REGION, 2020–2027 (USD MILLION)
    8.7 OTHERS
           TABLE 29 OTHERS: AC POWER SOURCES MARKET, BY REGION, 2020–2027 (USD MILLION)

9 AC POWER SOURCES MARKET, BY REGION (Page No. - 91)
    9.1 INTRODUCTION
           FIGURE 33 REGIONAL SNAPSHOT: ASIA PACIFIC TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
           FIGURE 34 ASIA PACIFIC HELD LARGEST SHARE OF AC POWER SOURCES MARKET IN 2021
           TABLE 30 AC POWER SOURCES MARKET, BY REGION, 2020–2027 (USD MILLION)
           TABLE 31 AC POWER SOURCES MARKET, BY REGION, 2020–2027 (THOUSAND UNITS)
    9.2 NORTH AMERICA
           FIGURE 35 NORTH AMERICA: MARKET SNAPSHOT
           9.2.1 BY POWER SUPPLY PHASE
                    TABLE 32 NORTH AMERICA: AC POWER SOURCES MARKET, BY POWER SUPPLY PHASE, 2020–2027 (USD MILLION)
           9.2.2 BY MODULATION TYPE
                    TABLE 33 NORTH AMERICA: AC POWER SOURCES MARKET, BY MODULATION TYPE, 2020–2027 (USD MILLION)
           9.2.3 BY APPLICATION
                    TABLE 34 NORTH AMERICA: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
           9.2.4 BY COUNTRY
                    TABLE 35 NORTH AMERICA: AC POWER SOURCES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    9.2.4.1 US
                               9.2.4.1.1 Increasing military expenditure to support market growth
                               TABLE 36 US: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.2.4.2 Canada
                               9.2.4.2.1 Government initiatives in renewable energy projects to drive demand for AC power sources
                               TABLE 37 CANADA: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.2.4.3 Mexico
                               9.2.4.3.1 High demand for renewable energy and electric vehicles to fuel market growth
                               TABLE 38 MEXICO: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
    9.3 ASIA PACIFIC
           FIGURE 36 ASIA PACIFIC: MARKET SNAPSHOT
           TABLE 39 ASIA PACIFIC: AC POWER SOURCES MARKET, BY POWER SUPPLY PHASE, 2020–2027 (USD MILLION)
           9.3.1 BY MODULATION TYPE
                    TABLE 40 ASIA PACIFIC: AC POWER SOURCES MARKET, BY MODULATION TYPE, 2020–2027 (USD MILLION)
           9.3.2 BY APPLICATION
                    TABLE 41 ASIA PACIFIC: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
           9.3.3 BY COUNTRY
                    TABLE 42 ASIA PACIFIC: AC POWER SOURCES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    9.3.3.1 China
                               9.3.3.1.1 Government focus on clean energy to create opportunity for market players
                               TABLE 43 CHINA: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.3.3.2 Japan
                               9.3.3.2.1 Need to test automation gadgets and consumer electronics to stimulate demand for AC power sources
                               TABLE 44 JAPAN: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.3.3.3 South Korea
                               9.3.3.3.1 Increased manufacturing activities in consumer electronics and automotive sectors to generate need for AC power sources
                               TABLE 45 SOUTH KOREA: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.3.3.4 India
                               9.3.3.4.1 Surging demand for high-end consumer electronics to fuel market growth
                               TABLE 46 INDIA: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.3.3.5 Australia
                               9.3.3.5.1 Integration of digital technologies in manufacturing to fuel need for AC power sources
                               TABLE 47 AUSTRALIA: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.3.3.6 Rest of Asia Pacific
                               TABLE 48 REST OF ASIA PACIFIC: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
    9.4 EUROPE
           9.4.1 BY PHASE TYPE
                    TABLE 49 EUROPE: AC POWER SOURCES MARKET, BY POWER SUPPLY PHASE, 2020–2027 (USD MILLION)
           9.4.2 BY MODULATION TYPE
                    TABLE 50 EUROPE: AC POWER SOURCES MARKET, BY MODULATION TYPE, 2020–2027 (USD MILLION)
           9.4.3 BY APPLICATION
                    TABLE 51 EUROPE: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
           9.4.4 BY COUNTRY
                    TABLE 52 EUROPE: AC POWER SOURCES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    9.4.4.1 Germany
                               9.4.4.1.1 Safety standards in aerospace sector to boost demand for AC power sources
                               TABLE 53 GERMANY: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.4.4.2 France
                               9.4.4.2.1 Participation in renewable energy projects fuels market growth
                               TABLE 54 FRANCE: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.4.4.3 UK
                               9.4.4.3.1 Investments in renewable energy projects to spur demand for AC power sources
                               TABLE 55 UK: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.4.4.4 Italy
                               9.4.4.4.1 Telecom infrastructure developments to support market growth
                               TABLE 56 ITALY: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.4.4.5 Spain
                               9.4.4.5.1 Focus on climate neutrality to support market growth
                               TABLE 57 SPAIN: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.4.4.6 Rest of Europe
                               TABLE 58 REST OF EUROPE: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
    9.5 MIDDLE EAST & AFRICA
           9.5.1 BY POWER SUPPLY PHASE
                    TABLE 59 MIDDLE EAST & AFRICA: AC POWER SOURCES MARKET, BY POWER SUPPLY PHASE, 2020–2027 (USD MILLION)
           9.5.2 BY MODULATION TYPE
                    TABLE 60 MIDDLE EAST & AFRICA: AC POWER SOURCES MARKET, BY MODULATION TYPE, 2020–2027 (USD MILLION)
           9.5.3 BY APPLICATION
                    TABLE 61 MIDDLE EAST & AFRICA: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
           9.5.4 BY COUNTRY
                    TABLE 62 MIDDLE EAST & AFRICA: AC POWER SOURCES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    9.5.4.1 Saudi Arabia
                               9.5.4.1.1 Rapid developments in industrial and energy sectors to drive demand for AC power sources
                               TABLE 63 SAUDI ARABIA: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.5.4.2 UAE
                               9.5.4.2.1 Energy, transportation, and healthcare sectors to contribute to market growth
                               TABLE 64 UAE: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.5.4.3 South Africa
                               9.5.4.3.1 Automobile companies and wireless communication service providers to witness significant demand for AC power sources
                               TABLE 65 SOUTH AFRICA: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.5.4.4 Rest of Middle East & Africa
                               TABLE 66 REST OF MIDDLE EAST & AFRICA: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
    9.6 SOUTH AMERICA
           9.6.1 BY POWER SUPPLY PHASE
                    TABLE 67 SOUTH AMERICA: AC POWER SOURCES MARKET, BY POWER SUPPLY PHASE, 2020–2027 (USD MILLION)
           9.6.2 BY MODULATION TYPE
                    TABLE 68 SOUTH AMERICA: AC POWER SOURCES MARKET, BY MODULATION TYPE, 2020–2027 (USD MILLION)
           9.6.3 BY APPLICATION
                    TABLE 69 SOUTH AMERICA: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
           9.6.4 BY COUNTRY
                    TABLE 70 SOUTH AMERICA: AC POWER SOURCES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                    9.6.4.1 Brazil
                               9.6.4.1.1 Developments in wireless communication infrastructure drive demand for AC power sources
                               TABLE 71 BRAZIL: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.6.4.2 Argentina
                               9.6.4.2.1 Investments in grid projects generating need for AC power sources
                               TABLE 72 ARGENTINA: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.6.4.3 Chile
                               9.6.4.3.1 Plan to become carbon-neutral by 2050 to boost market growth
                               TABLE 73 CHILE: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                    9.6.4.4 Rest of South America
                               TABLE 74 REST OF SOUTH AMERICA: AC POWER SOURCES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 126)
     10.1 KEY PLAYERS STRATEGIES
               TABLE 75 REVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS OF AC POWER SOURCES
     10.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2021
               FIGURE 37 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS IN AC POWER SOURCES MARKET, 2021
               TABLE 76 AC POWER SOURCES MARKET: DEGREE OF COMPETITION
               FIGURE 38 AC POWER SOURCES MARKET SHARE ANALYSIS, 2021
     10.3 FIVE-YEAR COMPANY REVENUE ANALYSIS
               FIGURE 39 REVENUE ANALYSIS OF TOP 5 PLAYERS IN AC POWER SOURCES MARKET FROM 2017 TO 2021
     10.4 COMPANY EVALUATION QUADRANT
             10.4.1 STARS
             10.4.2 PERVASIVE PLAYERS
             10.4.3 EMERGING LEADERS
             10.4.4 PARTICIPANTS
                       FIGURE 40 AC POWER SOURCES MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2021
     10.5 START-UP/SME EVALUATION QUADRANT
             10.5.1 PROGRESSIVE COMPANIES
             10.5.2 RESPONSIVE COMPANIES
             10.5.3 DYNAMIC COMPANIES
             10.5.4 STARTING BLOCKS
                       FIGURE 41 AC POWER SOURCES MARKET: STARTUP/SME EVALUATION QUADRANT, 2021
             10.5.5 COMPETITIVE BENCHMARKING
                       TABLE 77 AC POWER SOURCES MARKET: DETAILED LIST OF KEY STARTUP/SMES
                       TABLE 78 AC POWER SOURCES MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     10.6 AC POWER SOURCES MARKET: COMPANY FOOTPRINT
               TABLE 79 POWER SUPPLY PHASE: COMPANY FOOTPRINT
               TABLE 80 MODULATION TYPE: COMPANY FOOTPRINT
               TABLE 81 BY APPLICATION: COMPANY FOOTPRINT
               TABLE 82 REGION: COMPANY FOOTPRINT
               TABLE 83 COMPANY FOOTPRINT
     10.7 COMPETITIVE SCENARIOS AND TRENDS
               TABLE 84 AC POWER SOURCES MARKET: PRODUCT LAUNCHES, SEPTEMBER 2019–JANUARY 2022

11 COMPANY PROFILES (Page No. - 141)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     11.1 KEY PLAYERS
             11.1.1 KEYSIGHT TECHNOLOGIES
                       TABLE 85 KEYSIGHT TECHNOLOGIES: BUSINESS OVERVIEW
                       FIGURE 42 KEYSIGHT TECHNOLOGIES: COMPANY SNAPSHOT
             11.1.2 CHROMA ATE
                       TABLE 86 CHROMA ATE: BUSINESS OVERVIEW
                       FIGURE 43 CHROMA ATE: COMPANY SNAPSHOT
             11.1.3 AMETEK
                       TABLE 87 AMETEK: BUSINESS OVERVIEW
                       FIGURE 44 AMETEK: COMPANY SNAPSHOT
             11.1.4 PACIFIC POWER SOURCE
                       TABLE 88 PACIFIC POWER SOURCE: BUSINESS OVERVIEW
             11.1.5 MATSUSADA PRECISION
                       TABLE 89 MATSUSADA PRECISION: BUSINESS OVERVIEW
             11.1.6 ADAPTIVE POWER SYSTEMS
                       TABLE 90 ADAPTIVE POWER SYSTEMS: BUSINESS OVERVIEW
             11.1.7 KIKUSUI ELECTRONICS CORPORATION
                       TABLE 91 KIKUSUI ELECTRONICS CORPORATION: BUSINESS OVERVIEW
                       FIGURE 45 KIKUSUI ELECTRONICS CORPORATION: COMPANY SNAPSHOT
             11.1.8 GOOD WILL INSTRUMENT
                       TABLE 92 GOOD WILL INSTRUMENT: BUSINESS OVERVIEW
                       FIGURE 46 GOOD WILL INSTRUMENT: COMPANY SNAPSHOT
             11.1.9 REGATRON
                       TABLE 93 REGATRON: BUSINESS OVERVIEW
             11.1.10 AC POWER CORPORATION
                       TABLE 94 AC POWER CORPORATION: BUSINESS OVERVIEW
             11.1.11 B&K PRECISION CORPORATION
                       TABLE 95 B&K PRECISION: BUSINESS OVERVIEW
             11.1.12 AINUO INSTRUMENTS
                       TABLE 96 AINUO INSTRUMENTS: BUSINESS OVERVIEW
             11.1.13 ORBIT INTERNATIONAL
                       TABLE 97 ORBIT INTERNATIONAL: BUSINESS OVERVIEW
                       FIGURE 47 ORBIT INTERNATIONAL: COMPANY SNAPSHOT
             11.1.14 IKONIX
                       TABLE 98 IKONIX: BUSINESS OVERVIEW
             11.1.15 APLAB LIMITED
                       TABLE 99 APLAB: BUSINESS OVERVIEW
                       FIGURE 48 APLAB LIMITED: COMPANY SNAPSHOT
             11.1.16 NH RESEARCH
             11.1.17 NF CORPORATION
             11.1.18 SOPHPOWER ELECTRONICS
             11.1.19 ET SYSTEM ELECTRONIC GMBH
             11.1.20 ITECH ELECTRONIC

*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 180)
     12.1 INSIGHTS OF INDUSTRY EXPERTS
     12.2 DISCUSSION GUIDE
     12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.4 CUSTOMIZATION OPTIONS
     12.5 RELATED REPORTS
     12.6 AUTHOR DETAILS

The study involved major activities in estimating the current size of the AC power sources market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

The research study on the AC power sources market involved the extensive use of secondary sources, directories, and databases, such as Hoovers, World Bank, Observatory of Economic Complexity (OEC), International Energy Agency, Ceicdata, Researchgate, Onepetro, International Electrotechnical Commission, US Energy Information Administration (EIA), Electrical Equipment Associations, UNESCO Institute for Statistics (UIS) Bloomberg, Businessweek, Factiva, and OneSource, to identify and collect information useful for this technical, market-oriented, and commercial study. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The AC power sources market comprises several stakeholders such as AC power sources manufacturers, raw material providers, manufacturers of subcomponents of AC power sources, manufacturing technology providers, technical support providers, and end users in the supply chain. The demand side of this market is characterized by the rising demand for electric vehicle charging infrastructure in major countries around the world and the rapid pace of industrialization and urbanization across the globe across a wide variety of end users. The supply side is characterized by rising demand for contracts from the industrial sector, and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

AC Power Sources Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the AC power sources market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions has been determined through both primary and secondary research.
  • The industry’s value chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global AC Power Sources Market Size: Bottom-Up Approach

AC Power Sources Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, the data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Objectives of the Study

  • To define, describe, segment, and forecast the AC power sources market size, by power supply phase, modulation type, Application, and region, in terms of value
  • To define, describe, segment, and forecast the AC power sources market size, by region, in terms of volume
  • To provide detailed information on the major drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the AC power sourcess market
  • To provide detailed information on the market map, value chain, case studies, pricing, technologies, market ecosystem, tariff, and regulatory landscape, Porter’s five forces, and trends/disruptions impacting customers’ businesses that are specific to the AC power sources market
  • The analyze impact of COVID-19 on the AC power sources market
  • To strategically analyze the AC power sources market with respect to individual growth trends, prospects, and contributions of each segment to the market
  • To analyze market opportunities for stakeholders and provide a detailed competitive landscape for market leaders
  • To forecast the revenue of the market segments with respect to 5 main regions (along with countries), namely, North America, South America, Asia Pacific, Middle East and Africa, and Europe.
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments, such as sales contracts, agreements, investments, expansions, product launches, mergers, partnerships, joint ventures, collaborations, and acquisitions, in the market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Geographic Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
Report Code
EP 7525
Published ON
Aug, 2022
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