In the realm of power supply solutions, the global DC Power Supply Module market is on a trajectory of impressive expansion. The year 2022 is poised to witness a valuation of US$ 457 million, and this growth is anticipated to continue with a steady Compound Annual Growth Rate (CAGR) of 4.35% over the span of a decade, ultimately reaching a substantial US$ 700 million by 2032.
The driving force behind this remarkable ascent lies in the surging demand for both renovation undertakings and the advancement of residential and commercial construction projects. As these domains experience rapid development, the need for versatile power supply solutions intensifies, propelling the DC Power Supply Module market forward.
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Introduction to DC Power Supply Modules: Streamlined Power Generation
DC power supply modules stand as isolated, compact, and seamless drop-in converters, offering a switch-mode mechanism for generating constant voltage. Remarkably, these modules function as self-sufficient components, negating the need for additional external circuitry. A standout feature of DC power supply modules is their plug-and-play nature, significantly expediting and simplifying product development. These modules cater to contexts where diminutive and space-efficient power supply components are requisite.
Key Market Dynamics: Noteworthy Transformations
The comprehensive report, meticulously crafted by FMI analysts, stems from exhaustive studies encompassing monetary, environmental, social, technological, and political facets of specific demographics. This scrutiny delves into pivotal data to gauge manufacturers’ revenue and production across diverse regions. Moreover, the report entails an in-depth examination of significant shifts in market dynamics both in the recent past and foreseeable future.
Market Competitiveness: Leading Participants
Dominating the global DC Power Supply Module market landscape are key players such as Franklin Electric Co., Asmo Co. Ltd., Ametek Inc., Sony Corporation, Bayer AG, Whirlpool Corporation, Toyota, Accurate Electric Motor & Pump Co., American Crane & Equipment Corp., Bruce Electric Equipment Corp, Tesla Motors, Hansen Motors, ATS Automation Tooling Systems, Inc., and various other DC Power Supply Module manufacturers.
Strategic Acquisition in Focus
A notable development unfolded in January 2022, as Franklin Electric Co., Inc.’s wholly-owned subsidiary, Headwater Companies, LLC, successfully acquired Blake Group Holdings, Inc. for $27.1 million in cash. This Connecticut-based groundwater distribution company maintains a presence across fourteen locations in the northeastern United States. The acquisition contributes to the expansion of Franklin Electric’s operational footprint and is bolstered by Blake’s consolidated annual sales of approximately $74 million.
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Key Segments Profiled in the DC Power Supply Module Industry Survey
DC Power Supply Module Market by Application:
- DC Power Supply Modules for HVAC Equipment
- DC Power Supply Modules for Aerospace & Transportation
- DC Power Supply Modules for Household Appliances
- DC Power Supply Modules for Industrial Machinery
- DC Power Supply Modules for Motor Vehicles
- DC Power Supply Modules for Other Applications
DC Power Supply Module Market by Region:
- North America DC Power Supply Module Market
- Latin America DC Power Supply Module Market
- Western Europe DC Power Supply Module Market
- Eastern Europe DC Power Supply Module Market
- SEA & Others of APAC DC Power Supply Module Market
- China DC Power Supply Module Market
- Japan DC Power Supply Module Market
- Middle East and Africa DC Power Supply Module Market
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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