PUBLISHER: Verified Market Research | PRODUCT CODE: 1629967
PUBLISHER: Verified Market Research | PRODUCT CODE: 1629967
Power Supply Market size was valued at USD 34,243.51 Million in 2022 and is projected to reach USD 50,632.18 Million by 2030, growing at a CAGR of 5.07% from 2024 to 2030.
The "Global Power Supply market" has been driven by factors such as growing worldwide population and urbanization, growing demand for energy, and increasing use of electric vehicles. The Global Power Supply Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Power Supply Market Definition
A power supply is defined as an electrical device that offers electric power to an electrical load, for example, a computer, laptop, server, or other electronic device. The primary function of a power supply is to transform electric current from a source into the proper voltage, current, and frequency so that the load can be powered. DC to DC or AC to DC could be the mode. As a result, power supplies are occasionally thought of as electrical power converters. There are power supplies integrated into the device as internal power supplies and others that are stand-alone and detached from other equipment as external power supplies. Each power supply contains one or more power output connections that transfer current to the electrical load and a power input connection that receives energy from a source.
The electricity grid, which typically provides AC power sources like outlets, and energy storage devices, which typically provide DC power sources like solar power equipment, batteries, generators, or other power sources, could be power sources. A growing worldwide population and urbanization, growing demand for energy, increasing use of electric vehicles, etc, drive the Global Power Supply Market. The need for energy is rising due to urbanization, industry, and an expanding worldwide population. There is a constant demand for dependable power sources to support these operations as different sectors keep growing. Moreover, the need for power supply is fueled by the widespread usage of electronics and gadgets in homes and businesses.
Global Power Supply Market Overview
The "Global Power Supply Market" has been driven by factors such as growing worldwide population and urbanization, growing demand for energy, increasing use of electric vehicles, etc., driving the Global Power Supply Market. The need for energy is rising due to urbanization, industry, and an expanding worldwide population. There is a constant demand for dependable power sources to support these operations as different sectors keep growing. Moreover, the need for power supply is fueled by the widespread usage of electronics and gadgets in homes and businesses. In addition to conventional consumer electronics, this also refers to intelligent technologies and the expanding Internet of Things (IoT) ecosystem.
However, the Fluctuation in Raw material prices, resource constraints, and other factors are anticipated to restrain market growth over the forecasted period. The growing adoption of smart homes and automated building systems worldwide is anticipated to boost demand for power supply in the near future. The healthcare and medical device industries' growing need for power supplies opens up a lot of potential for the Global Power Supply Market. Due to advancements in medical technology and an aging global population, the healthcare and medical device industries have seen significant growth in recent years. For medical devices to work correctly, including life-saving equipment and diagnostic tools, dependable, high-quality power supplies are necessary.
The Global Power Supply Market is Segmented on the basis of Type, Output Power, Vertical, and Geography.
Based on Type, the market is bifurcated into the AC-DC Power Supply and DC-DC Power Supply. The Global Power Supply Market is experiencing a scaled level of attractiveness in the AC-DC Power Supply segment. AC-DC Power Supply accounted for the largest market share of 75.43% in 2022. The segment is projected to gain an incremental market value of USD 10,236.93 Million and is projected to grow at a CAGR of 5.26% between 2023 and 2030.
Based on Output Power, the market is segmented into More Than 1,000 Watts, 300 - 999 Watts, and 300 Watts Below. The Global Power Supply Market is experiencing a scaled level of attractiveness in the More Than 1,000 Watts segment. The More Than 1,000 Watts accounted for the largest market share of 50.80% in 2022. The segment is anticipated to gain an incremental value of 7,585.06 by 2030 and is projected to grow at the highest CAGR of 5.68% during the forecast period.
Based on Vertical, the market is segmented into Telecommunications, Consumer Electronics, Medical & Healthcare, Military & Aerospace, and Others. The Global Power Supply Market is experiencing a scaled level of attractiveness in the Telecommunications segment. Telecommunications accounted for the largest market share of 23.33% in 2022. The segment is anticipated to gain an incremental value of 3,654.54 by 2030 and is projected to grow at the highest CAGR of 5.92% during the forecast period.
Based on Regional Analysis, the Global Power Supply Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Global Power Supply Market is experiencing a scaled level of attractiveness in the Asia Pacific region. Asia-Pacific accounted for the largest market share of 47.65% in 2022. The region is anticipated to gain an incremental value of 7,812.32 by 2030 and is projected to grow at the highest CAGR of 6.14% during the forecast period.
The "Global Power Supply Market" study report will provide valuable insight with an emphasis on the global market including some of the major players are Siemens, Murata Manufacturing, XP Power, TDK-Lambda, Delta Electronics, MEAN WELL Enterprises, Phoenix Contact, AcBel Polytech Inc., MTM Power, PULS GmbH and others. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with Coating Type benchmarking and SWOT analysis.