Industrial Power Supply Market

Industrial Power Supply Market worth $14.5 billion in 2027

The report "Industrial Power Supply Market by Type (AC-DC and DC-DC Converter), Output Power (up to 500W, 500-1000W, 1000W-10kW, 10-75kW, 75-150kW), Vertical (Medical & Healthcare, Transportation, Military & Aerospace, Automobile), Region - Global Forecast to 2027" The industrial power supply market is expected to grow at a CAGR of 6.0% during the forecast period, from an estimated USD 10.8 billion in 2022 to USD 14.5 billion in 2027. The growth of the market can be attributed to growing investments in the energy efficient devices in the industrial sectors and adoption of robots across several industries. The growing sales in electric vehicles is also an important driver for the market.

Browse 198 market data Tables and 49 Figures spread through 269 Pages and in-depth TOC on "Industrial Power Supply Market by Type (AC-DC and DC-DC Converter), Output Power (up to 500W, 500-1000W, 1000W-10kW, 10-75kW, 75-150kW), Vertical (Medical & Healthcare, Transportation, Military & Aerospace, Automobile), Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/industrial-power-supply-market-108129875.html

The Very low output (up to 500 W), by output power, is expected to be the largest industrial power supply market during the forecast period

By output power, the market has been segmented into very low output (up to 500 W), low output (500−1,000 W), medium output (1,000 W−10 kW), high output (10−75 kW), and very high output (75−150 kW). very low output (up to 500 W) is expected to be the largest segment during the forecast period. The rising use of automation solutions and digital technology by industries based in China, India, and Japan is the prime reason for the growth of this market.

Robotics segment, by vertical, is expected to grow at the highest CAGR during forecast period

The robotics segment is expected to register the highest CAGR of 7.9% during the forecast period. Robotics applications of industrial power supplies include factory and warehouse automation systems, goods handling and transportation systems, manufacturing and packaging systems, and automated assembly systems.

Asia Pacific is expected to dominate the global industrial power supply market during the forecast period

In this report, the market has been analyzed for five regions, namely Asia Pacific, North America, Europe, Middle East & Africa, South America. Asia Pacific is expected to lead the market during the forecast period. 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

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the industrial power supply market. These include TDK Lambda (Japan), Siemens (Germany), Delta Electronics (Taiwan), ABB (Switzerland), and Murata Power Solutions (US). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions to increase their respective market shares.

Don’t miss out on business opportunities in Industrial Power Supply Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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Industrial Power Supply Market Size,  Share & Growth Report
Report Code
EP 7461
PR Published ON
7/22/2022
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