AC Power Sources Market

AMETEK (US) and Chroma ATE (Taiwan) are the Key Players in the AC Power Sources Market

The global AC power sources market size is projected to reach USD 1.1 billion by 2024, from an estimated USD 1.0 billion in 2019, growing at a CAGR of 2.4% during the forecast period. Asia Pacific is estimated to be the largest AC power source market, by region, followed by North America. This trend is expected to continue during the forecast period. The growth of the AC power sources market is driven globally by the increasing demand for testing and measuring equipment used in renewable power generation, avionics, and consumer electronics.

The AC power sources market is dominated by a few global players. The key players operating in this market include AMETEK Inc (US), Chroma ATE (Taiwan), Keysight Technologies (US), Kikusui Electronics Corporation (Japan), Pacific Power Source (US), and Matsusada Precision (Japan).

New product launches and investments & expansions have been the key growth strategies adopted by major market players. New product launches were the most commonly used strategy used from January 2015 to June 2019. These market players also adopted the latest product launches strategy during the same period.

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AMETEK (US), founded in 1930, is a large-scale manufacturer of electronic instruments and electromechanical devices, serving a diverse set of markets and applications. The company operates its business through two reportable segments, namely, electronic instruments and electromechanical. It offers AC power sources under its electronic devices segment. AMETEK Programmable Power, a subsidiary of AMETEK, offers its AC power sources under two brands, namely, Elgar and California Instruments. AMETEK Programmable Power also provides products such as programmable DC power supplies, electronic loads, application-specific power subsystems, and compliance test solutions. The major applications of AMETEK AC power sources include avionics, general R&D, electromagnetic compatibility (EMC) compliance testing, semiconductor fabrication, oil exploration, solar array, and battery string simulation. AMETEK has business operations across North America, Europe, Asia, and South America. It has its manufacturing plants situated in Brazil, China, the Czech Republic, Malaysia, Mexico, and Serbia. The electronic instruments business segment (EIG) has 93 operating facilities, out of which, 59 are situated in the US, 9 in the UK, 8 in Germany, three each in Canada and China, two each in Denmark, Finland, France, and Switzerland, and one each in Argentina, Austria, and Mexico. AMETEK adopted new product launches as its principal strategy for strengthening its position in the global AC power sources market. For instance, in October 2019, AMETEK launched a new Asterion line of AC power sources with a power output of 18 kVA. The key to the Asterion line’s outstanding performance is AMETEK Programmable Power’s iX2 current-doubling technology. With iX2, as the output voltage decreases from the maximum value to one-half the maximum value, the available output current increases up to two times the rated output current.
 
Chroma ATE (Taiwan), founded in 1984, is one of the leading companies, manufacturing precision test and measurement instrumentation, automated test systems, intelligent manufacturing systems, and test & automation turnkey solutions. The company has four reportable business segments, namely, test instrument equipment, automatic equipment, unique materials, and others. The company designs, assembles, calibrates, manufactures, sells, and offers repair & maintenance services for all the products offered across its business segments. Chroma ATE offers AC power supplies through its subsidiary Chroma Systems Solutions and reports the revenue for AC power supplies under its test instrument equipment business segment. The company also offers other products, such as DC power supplies, electronic loads, power meters, and others under the test instrument equipment business segment. The company’s AC power sources are used for commercial, power electronics, avionics, military, and regulations test applications, from benchtop testing to mass production. The company had adopted various strategies such as new product launches, investments & expansions, and partnerships to compete in the global AC power sources market. For instance, in September 2018, Chroma ATE opened a new technology demo room in Marlborough, MA (US). It features Chroma’s new 17040 Regenerative Battery Test System and 61800 Regenerative Grid Simulator. This facility will give its customers a firsthand experience of the solutions offered by Chroma ATE.

Related Reports:

AC Power Sources Market by Phase Type (Single, Three) Modulation Type (PWM, Linear) Application (Aerospace, Defence & Government Services, Energy, Wireless Communication &Infrastructure, Consumer Electronics & Appliances, Others) Region - Global Forecast to 2024

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Report Code
EP 7525
RI Published ON
2/6/2020
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