Global Power Supply Market Size By Output Power (More Than 1,000 Watts, 300 – 999 Watts), By Type (AC-DC Power Supply, DC-DC Power Supply), By Vertical (Telecommunications, Consumer Electronics), By Geographic Scope And Forecast

Power Supply Market Size And Forecast

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 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.

Global Power Supply MarketSegmentation Analysis

The Global Power Supply Market is Segmented on the basis of Type, Output Power, Vertical, and Geography.

Power Supply Market, By Type

• AC-DC Power Supply
• DC-DC Power Supply

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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.

Power supplies are electrical circuits and devices designed to transform mains power or electricity from any electric source into particular voltage and current values for the target device. The target device can be any electrical appliance or industrial-grade equipment. An AC/DC power supply’s primary function is to convert alternating current (AC) into a stable direct current (DC) voltage that can then be used to power various electrical devices. Alternating current serves to transport electricity from generators to end users across the electric grid. A single-phase or three-phase alternating current (AC) circuit can be configured. Single-phase systems are simpler and can power a whole residence, however, three-phase systems can deliver significantly more power in a more stable manner, which is the reason they are frequently used to power industrial applications.

Power Supply Market, By Output Power

• More Than 1,000 Watts
• 300 – 999 Watts
• 300 Watts Below

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.Recent years have seen an increase in the complexity and dependability of the power supplies required by the data center, EV charging equipment, 5G industries, and laser equipment.

MEAN WELL developed the HEP-1000, an intelligent power supply for harsh environments, by devoting significant hardware and software R&D resources to meet market demand. With a wide AC input range of 180 VAC to 528 VAC, MEAN WELL is excited to introduce the HVGC-1000 series (1000W) for high-power LED lighting applications. With its ability to operate with a single phase 230V, AC input or a single phase 347V/380V AC distribution from a three-phase input, the HVGC-1000 series (1000W) offers advantages for applications such as stadium lighting and horticultural lighting.

Power Supply Market, By Vertical

• Telecommunications
• Consumer Electronics
• Medical & Healthcare
• Military & Aerospace
• Others

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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.

Information and communication device power supplies are crucial components that offer a consistent power source to various communication devices required to deliver data communication services, like the Internet and telephone, worldwide every day of the year. These power supplies come in many different varieties, such as direct current power supplies that change commercial systems’ alternating power into direct power and alternating power supplies that change stable direct electricity into alternating power. There are also other varieties of power supply installations, such as those placed outdoors, like those for mobile phone base stations, and those placed indoors, like those for communication centers and other facilities.

Power Supply Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

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 Asia Pacific region is home to a large and growing population. As the population increases, there is a higher demand for electricity to meet the needs of households, businesses, and industries. China is the world’s most populous country and its largest electrical generator. A large industrial and manufacturing base also exists in China, which has increased demand for electricity. Buildings for residential and commercial use and transportation networks must be constructed to accommodate a growing population.

When infrastructure is developed, energy is needed to run building projects and the ensuing urban services. As the nation ramps up coal-fired electricity output to all-time highs, China’s power sector emissions of carbon dioxide (CO2) and similar gases will exceed 4 billion metric tons for the first time in a calendar year in 2023. China’s emissions from producing electricity using fossil fuels reached 3.99 billion tons, increasing 22% from five years ago and 5.5% from the same period in 2022. Due to the country’s environment and urbanization patterns, air conditioning and cooling systems are becoming increasingly popular, especially in summer heat. Power consumption rises due to commercial, industrial, and residential cooling requirements.

Key Players

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.

Key Developments

• In July 2023, AcBel Polytech Inc. acquired Power Conversion division of ABB Ltd. (Switzerland). AcBel’s commitment to developing innovative technology and expanding its expertise in system solutions, which are designed to fuel strong growth opportunities for customers across numerous of its core business sectors, is strengthened by the acquisition.
• In November 2022, Murata Manufacturing launched a new line of compact DC-DC converters in response to the growing popularity of wide bandgap technology. The new MGN1 series of 1W output DC-DC converters is intended to provide the voltages required by GaN gate drivers.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.