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 reach USD 9.7 billion by 2026 from an estimated USD 7.0 billion in 2021, at a CAGR of 6.9 % during the forecast period. Asia Pacific is expected to lead the industrial power supply market, followed by North America and Europe. The market in Europe is also expected to grow at the highest rate during the forecast period. The growing lighting sectors in China and the US and the increasing adoption of industrial automation in the manufacturing sector are likely to boost the industrial power supply market in Asia Pacific and North American regions. Moreover, the adoption of electric vehicles is high in the countries such as China, US, Japan, etc. which might boost the demand for power supplies.

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).

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The major strategies adopted by the players in the industrial power supply market include new product launches, contracts & agreements, and mergers & acquisitions. . New product launches were the most commonly adopted strategy from 2018 to 2021. Mergers and acquisitions were another majorly adopted strategy by companies to strengthen their service offerings and geographic market reach.

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, namely, Passive Components, Magnetic Application Products, Sensor Application Products, Energy Application Products, and Other. The company provides industrial power supplies through its Energy Application Products business segment. TDK Lambda’s product portfolio includes AC–DC power supplies, DC-DC converters, programmable power supplies, bidirectional converters, and accessories. The company’s product portfolio serves various industrial applications in data communications, medical facilities, rail transport, automotive applications, and LED devices. TDK has expanded its business to more than 30 countries spread across the Americas, Asia, Europe, and the Middle East & Africa. The company has R&D centers in five countries, namely,  the US, Japan, Indonesia, Belgium, and France, which help TDK analyze the requirements of its customers and align its products according to their requirements.

Another major player in the market is Delta Electronics (Taiwan). Delta Electronics is a leading producer of power supplies mainly used for industrial and consumer electronic devices. The company operates through three business segments, namely, Power Electronics, Automation, and Infrastructure. It provides industrial power supplies through its Infrastructure Power Electronics business segment. The Power Electronics segment offers power and thermal management solutions, cooling fans, and automotive electronic products. The end-user industries that the company serves through this segment are ICT, consumer electronics, and industrial equipment. Through the integration of power electronics and systems, the company also meets the requirement of customers from the electric/hybrid vehicle market. The power and system group (under Power Electronics) of the company develops and provides high-power density, compact, and low-noise AC–DC and DC-DC switching power supplies, power adapters, DC-DC converters, and battery chargers. In 2008, Delta Electronics introduced its brand—DeltaPSU—for standard power supply units. It has 38 plants in Asia, the Americas, Europe, and the Middle East and Africa. The company has 70 R&D centers, with 9,000 engineers spread across China, Europe, Japan, Singapore, Thailand, and the US.

Related Reports:

Industrial Power Supply Market By Type (AC-DC and DC-DC Converter), Output Power (Very Low Output(up to 500W), Low Output(500-1,000W) Medium Output(1,000W–10kW), High Output(10-75kW), Very High Output(75-150kW), Vertical, Region - Global Forecast to 2026

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MarketsandMarkets™ INC.
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USA : 1-888-600-6441
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Report Code
EP 7461
RI Published ON
8/6/2021
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