The DC power supplies market is projected to reach USD 626.47 million by 2033, growing at a CAGR of 4.3% over the forecast period. Revenues are expected to increase from USD 411.21 million in 2023, driven by the demand for reliable and efficient power solutions.
DC power supplies are popular for their ability to eliminate the need for external meters, relays, and calibration switches, reducing input complications. These attributes make DC adapters highly attractive, providing stable and consistent power essential for electronic device safety. The past 20 years have seen a surge in global sales due to the rising demand for energy-efficient electronics. However, the COVID-19 lockdowns significantly impacted global and domestic travel, disrupting the supply chain and widening the supply-demand gap in the DC power supplies market and related sectors.
The rapid expansion of the electronic industry is expected to propel the DC power supply market. With the continual expansion of the industrial sector, the DC power supply market is expected to rise considerably. Growing fundamental electronic applications necessitate precise voltage, which must be balanced against changes in input voltage and burdened with producing precise voltage as required.
The DC power supplies market is poised for tremendous development. With increased production and demand for electronic devices such as laptops, computers, mobile phones, and other electronic devices in consumers, and these gadgets need constant DC supply, demand for DC power supply systems is increasing. However, the DC power supplies market’s expansion is hampered by its complicated nature and expensive cost.
The market for DC power supply is divided into five regions: Asia Pacific, Europe, North America, South America, and the Middle East and Africa. From 2019 to 2024, North America is expected to have the greatest share of the DC power supply market.
During the forecast period, it is predicted to be the fastest-growing market for DC power supplies. The increasing wireless communication & infrastructure and aerospace & military segments in nations such as the United States and Canada are expected to drive demand for DC power supply in the area.
Key Takeaways:
- The North America from the DC power supply market is expected to grow at the fastest CAGR of 4.6% in the region sector.
- Automotive is expected to grow at a high rate in the application sector of the DC power supply market, with a CAGR of 4%.
- The market size for DC power supply in the United States is expected to reach USD 216 Million by 2032, growing at a CAGR of 4.1% during the research period.
- United Kingdom is expected to reach a market size of USD 25 Million in DC power supply by 2032, with a CAGR of 3.1% during the research period.
- China’s DC power supply market is expected to be worth USD 44 Million by 2032, with a CAGR of 3.7% over the forecast period.
- Japan is expected to have a market size for DC power supply of USD 35 Million by 2032, with a CAGR of 2.7% during the research period.
- By 2032, South Korea is expected to reach a market size of USD 23 mllion in DC power supply, with a CAGR of 2% during the research period.
Competitive Landscape:
Keysight Technologies, AMETEK, Goodwill Instrument, TDK Lambda, and Chroma ATE are the key participants in the DC power supply market.
- The firm introduced a new E36200 range of single and dual output power supplies in May 2019. As part of its inorganic strategy, Keysight Technologies received a contract in December 2015 to supply DC Power Supplies to the University of Sheffield’s Electronic Engineering Teaching Lab.
Key Players Operating in the DC Power Supplies Market
- Keysight Technologies
- AMETEK.Inc.
- Good Will Instrument Co., Ltd.
- TDK-Lambda Corporation
- Chroma ATE Inc
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)
Report Preview: https://www.futuremarketinsights.com/reports/dc-power-supplies-market
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