The global DC power supplies market size is projected to grow at a CAGR of 4.7% from 2019 to 2024. The market is estimated to be USD 361 million in 2019 and expected to reach USD 454 million by 2024. North America is estimated to be the largest DC power supply market, followed by Asia Pacific in 2019. This trend is expected to continue until 2024. Increasing demand for power supplies in the automotive and wireless communication & infrastructure sector along with the stringent regulatory complaint and standards for the design & manufacturing of efficient power supplies in the countries such as the US, Canada, China, India, and others might accelerate the demand.
The DC power supply market is dominated by a few major players that have an extensive regional presence. The leading players in the DC power supplies are AMETEK (US), Keysight Technologies (US), TDK Lambda (Japan), Chroma ATE (Taiwan), Good Will Instrument (Taiwan), Rohde & Schwarz (Germany), and B&K Precision (US). The major strategies adopted by the players include new product launches, contracts & agreements, and investments & expansions. New product launches were the most commonly utilized strategy from January 2016 to December 2019.
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Keysight Technologies (US) is one of the leading electronic measurement company. Keysight Technologies operates through 4 business segments, namely, communications solutions group, electronic industrial solutions group, services solutions group, and ixia solutions group. The company offers DC power supplies through its electric industrial solutions group business segment. Keysight Technologies offers a wide range of software-driven test and measurement equipment under its electronic industrial solutions group segment. The product range includes digital multimeters, function generators, waveform synthesizers, counters, data acquisition, audio analyzers, LCR Meters, thermal imaging, low-cost USB modular, precision source measurement units, ultra-high precision device current analyzers, test executive software platforms, and a variety of DC power supplies. The company actively focuses on both organic and inorganic strategies to increase its global market share. For instance, in May 2019, the company launched a new E36200 series of single and dual output power supplies. As a part of its inorganic strategy, in December 2015, Keysight Technologies won a contract to supply DC Power Supplies for the Electronic Engineering Teaching Lab of University of Sheffield
AMETEK (US) is a large-scale manufacturer of electronic instruments and electromechanical devices, which are its two operating business segments. The company’s DC power supplies fall under the electronic instruments business segment. AMETEK offers DC Power supplies through its subsidiary AMETEK Programmable Power. AMETEK Programmable Power is a manufacturer of AC and DC programmable power supplies, electronic loads, application-specific power subsystems, and compliance test solutions. The electronic instruments business segment design and manufacture advanced monitoring, testing, calibrating, and display instruments for the process, aerospace, power and industrial. This business segment provides a growing range of instruments to the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets. The company actively focuses on organic strategies to increase its global market share. For instance, in October 2018, AMETEK launched Asterion DC Series of programmable power supplies which caters to applications include military & aerospace electronics test, DC power simulation, commercial manufacturing & process control, R&D, automotive component & battery testing, and a wide range of ATE applications. The company has a growth model called AMETEK Growth Model, which emphasizes four parameters which include, operational excellence, new product development, global & market expansion, and strategic acquisitions with a focus on cash generation and capital deployment.
DC Power Supplies Market by Type(AC-DC, & DC-DC), Output Power(Up to 10 kW,10–100 kW, & 100-250 kW), Application(Aerospace, Defence & Government Services; Automotive; Energy; Wireless Communication & Infrastructure, Others), Region - Global Forecast to 2024
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