The global industrial power supply market is projected to reach USD 14.5 billion by 2027 from an estimated USD 10.8 billion in 2022, at a CAGR of 6.0% during the forecast period. The increase demand for energy efficient devices in industrial sector and growing sales of electric vehicles worldwide is expected to drive the demand for global industrial power supply market.
The industrial power supply market is served by a mix of large international players with operational presence across the globe and local players commanding a strong supply network in the domestic market. The leading players in the global industrial power supply market include TDK Lambda (Japan), Siemens (Germany), Delta Electronics (Taiwan), ABB (Switzerland), and Murata Power Solutions (US). Strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions are followed by these companies to increase their market share.
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TDK Lambda is a wholly owned subsidiary of TDK Corporation. The company is among the leading designers and manufacturers of switching power supplies. It has a global presence and operates through five business segments: Passive Components, Magnetic Application Products, Sensor Application Products, Energy Application Products, and Others. TDK Lambda provides industrial power supply through its Energy Application Products business segment. The company’s product portfolio includes AC-DC power supplies, DC-DC converters, programmable power supplies, bidirectional converters, and accessories; these products are used for various industrial applications in the fields of transportation, semiconductors, military & aerospace, robotics, battery charging, laser, automotive, and healthcare. The Energy Application Products segment accounted for 50% of the company’s total revenue in 2020. TDK has expanded its business to more than 30 countries across the Americas, Asia, Europe, and the Middle East & Africa. The company has five R&D centers, in the US, Japan, Indonesia, Belgium, and France, which help it analyze the requirements of customers and align its products with their requirements.
Delta Electronics is a leading producer of power supplies mainly used for industrial, and consumer electronic devices. The company operates through four business segments: Power Electronics, Automation, Infrastructure, and Others. It provides industrial power supply through its Power Electronics and Infrastructure segments. The Power Electronics segment includes components, power and system fan & thermal management, and automotive electronics. It caters to ICT, consumer electronics, and industrial equipment end users. Through integration of power electronics and systems, the company also caters to the electric/hybrid vehicle market. Delta Electronics’ power and system group develops and provides high power density, compact size, and low noise AC-DC and DC-DC switching power supplies, power adapters, DC-DC converters, and battery chargers. In 2008, the company introduced its own brand—DeltaPSU—for standard power supply units. Delta Electronics has 9,000 engineers working in its 38 plants across Asia, the Americas, Europe, and the Middle East & Africa. The company also has 70 R&D centers.
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
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