The global dc power supplies market is forecast to expand at 4.3% CAGR over the forecast period, as per FMI’s analysis. The industry’s size is predicted to surge from USD 411.21 million in 2023 to USD 626.47 million by 2033.
The market is poised to observe steady growth over the predicted period. Several advantages of using DC power supplies have pushed its adoption in recent years. Their power can be switched on or off with the least input-associated problems. Moreover, they deliver higher precision in readbacks, consequently discarding the requirement for exterior shunts, meters, switching calibration, and relays.
Surging demand for energy-effective power supplies from consumer electronics is propelling market growth. This is in sync with the current trend of industrial automation that has gripped global attention. In addition to this, the worldwide adoption of wireless communication systems across multiple verticals like defense and communications, aerospace, etc. is also elevating market growth.
Since electronic systems in industrial facilities require a definite voltage supply that is stabilized over fluctuations, demand for DC power supplies is enhancing. Additionally, they are also utilized to test fuel cells, automobile batteries, digital interfaces, and onboard chargers. Apart from this, several technological advances like the integration Internet of Things (IoT) with electronic devices are augmenting the demand for the product in focus.
Different devices like smartphones, laptops, and tablets, are all dependent on DC power supplies to ensure a continuous supply of voltage. Considerable enhancements in the information technology (IT) infrastructure is also pushing market growth. Other than this, the advancement of programmable DC power supplies is also propelling the market growth.
Top Highlights from the FMI’s Analysis of the DC Power Supplies Market:
- North America DC power supplies industry is predicted to expand at 4.6% CAGR over the forecast period.
- The Asia Pacific is projected to be next in line. Robust industrialization in the region is anticipated to propel market growth.
- The AC to DC converters has gained immense popularity in household and industrial use. The segment is expected to maintain its winning streak in the years to come.
- The medium output ranging from 10 to 100 kW is expected to be the highest grossing segment.
- The automotive sector is expected to yield 4% CAGR, higher than the corresponding sectors.
- Wireless communication and infrastructure are expected to observe significant profits over the forecast period. This can be credited to the growing number of netizens and the subsequent requirement for gadgets and modems.
Market News to Keep Up-to-date with Present Developments:
The highly competitive market of DC power supplies is expected to observe incessant launches over the next decade. In May 2019, Keysight Technologies, a leading technology company that accelerates innovation to connect the world, unveiled new power supplies. The company introduced the new E36200 series that allows engineers to check their designs across verticals like consumer goods, automotive electronics, medical devices, industrial applications, and power tools. These series offer a bench-friendly design, more usable power, a small footprint, low background noise, and a large display.
Key Segments Covered:
By Type:
- AC-DC
- DC-DC
By Output Power:
- Low output (Upto 10 kW)
- Medium output (10 to 100 kW)
- High output (100 to 250 kW)
By Application:
- Aerospace
- Defense & Government Services
- Automotive
- Energy
- Wireless Communication & Infrastructure
- Others
Key Regions Covered:
- North America
- The United States
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- The United Kingdom
- France
- Spain
- Russia
- Rest of Europe
- Japan
- Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
- The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- The Middle East and Africa (MEA)
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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