Industrial Power Supply Market

TDK Lambda (Japan) and XP Power (Singapore) are the Major Players in the Industrial Power Supply Market

The global industrial power supply market size is projected to grow at a CAGR of 5.4% from 2019 to 2024. The market is estimated to be USD 9.9 billion in 2019 and expected to reach USD 12.8 billion by 2024. Asia Pacific is estimated to be the largest industrial power supply market, followed by North America in 2019. This trend is expected to continue until 2024. The growing consumer electronics and lighting sector in countries such as China & the US with the adoption of industrial automation in the manufacturing industry are likely to boost the demand for industrial power supply industry.

The industrial power supply market is dominated by a few major players that have an extensive regional presence. The leading players in the industrial power supply industry are TDK Lambda (Japan), XP Power (Singapore), Delta Electronics (Taiwan), Siemens (Germany), and Murata Power Solutions (US). The major strategies adopted by the players include new product launches, contracts & agreements, and mergers & acquisitions. New product launches were the most commonly adopted strategy from January 2016 to November 2019.

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TDK Lambda is a wholly-owned subsidiary of TDK Corporation. It is among the leading designers and manufacturers of switching power supplies. The company has a global presence and operates in five business segments, namely, passive components, magnetic application products, film application products, sensor application products, and others. TDK Lambda’s product portfolio consists of AC-DC power supplies, DC-DC converters, programmable power supplies, bidirectional converters, and accessories. The company’s product portfolio serves various industrial applications in the fields of telecommunications, data communications, medical facilities, rail transport, automotive applications, and LED devices. TDK Lambda mainly focuses on new product launches as its key strategy. For instance, in July 2019, the company introduced 48V 480W DIN rail power supply. It is suitable for applications such as factory automation, industrial process control, semiconductor fabrication, communications, and test & measurement equipment. Also, in January 2019, TDK Lambda introduced PH300A280-5 DC-DC converter. The new model is designed for data communications and renewable energy applications utilizing 380V HVDC (High Voltage DC).

XP Power is a leading provider of power solutions, including AC-DC power supplies, DC-DC converters, high voltage power supplies, and RF power supplies. The company operates through four business segments, namely, semiconductor manufacturing, industrial, healthcare, and technology. The industrial business segment offers power solutions for factory automation, automated test equipment, industrial control, instrumentation, and hazardous environments. Likewise, the healthcare business segment provides the medically approved power solutions for use in patient vicinity applications, and in the lab environment, including class II approvals for homecare devices. New product launches are one of the common strategies adopted by the company. For instance, in September 2019, XP Power introduced two new series of wide input range chassis and DIN rail mount DC-DC converters that offer rapid installation into a wide variety of industrial and ITE applications. Moreover, XP Power is developing “Green XP Power” converters, which has less CO2 emissions. Green XP Power products have ultrahigh efficiency and low standby power. This helped the company in reducing the amount of wastage and heat loss during the operation within a customer’s end application which has further supported the company in increasing its order intake globally.

Related Reports:

Industrial Power Supply Market by Type (AC-DC Converter, DC-DC Converter, DC-AC Inverter), Output Power (Low Output (up to 1,000 kW), Medium Output (1,000 W–10 kW), High Output (10–75 kW), High Output (75–150 kW), Vertical, Region-Global Forecast to 2024

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Report Code
EP 7461
RI Published ON
12/3/2019
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