Allied Market Research recently published a report, titled Power Supply Market by Output power, Type, Industry Vertical, and Region: Global Industry Analysis, Market Size, Share, Growth, Trends, And Forecast 2022 – 2029 offers assembled trends and predictions to clients. The report delivers a comprehensive overview of the crucial elements of the market aided by the increasing adoption of home and building automation systems. Building automation is gaining popularity as a means of lowering energy usage, enabling building operation, monitoring, and maintenance, and increasing tenant happiness. Furthermore, rising need for better lighting solutions, high demand for energy-efficient devices/appliances, and the developing telecommunications industry are all contributing to the global power supply market’s accelerated growth. Furthermore, the growing demand for power supply in consumer electronics, medical and healthcare, and military and aerospace could provide the market with a profitable growth opportunity. Increased adoption of high-voltage direct current (HVDC) and diverse regional/country-specific regulatory and safety regulations, on the other hand, are stifling the market’s growth.
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Market Trends
- New product launch
- Siemens has introduced the Sitop PSU100E DC power supply, in December 2017, which increases the company’s range of power supplies for 48-volt industrial equipment. Its 92 percent efficiency minimizes power consumption while also reducing heat output in the control cabinet.
- TRC Electronics, a North American power supply distributor, signs a distribution deal with XP Power. The new agreement will allow the specialty stocking distributor to market XP Power’s entire product line to the industrial electronics, healthcare, semiconductor production equipment, and technology sectors across North America.
- Rising interest for energy-effective gadgets/machines, rising appropriations and necessities of these gadgets in the medical care market and gadgets, expanding selection of low yield power in customer hardware applications and media transmission, and rising interest for the most recent innovation items are generally adding to the market’s development.
- LED lighting has a considerable development potential in the lighting sector, because to rising consumer demand for energy-efficient lighting systems, falling LED prices, and expanding LED penetration as a light source in a variety of lighting applications. LED lighting is a large consumer of power supplies, which will drive market expansion in the near future.
Scope of The Market Report:
The report also helps in comprehending the global Power Supply Market dynamics, structure by analyzing the industry segments and projects the market size. The report presents the market competitive landscape and corresponding detailed analysis of the major vendors/key players in the market. The clear representation of competitive analysis of key market players by product, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide. The report covers market size estimates and forecast, supply chain analysis, and key segmentation across top countries in each region.
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Key players operating in the market:
MEAN WELL Enterprises Co. Ltd., TDK Corporation, Siemens AG, General Electric, XP Power, Murata Manufacturing Co. Ltd., Emerson Electric Co., PHOENIX CONTACT, Delta Electronics Inc., COSEL CO. LTD., Puls Technologies Inc., CUI Inc, AcBel Polytech Inc., Sea Air & Land Communications Ltd. Salcom., Lite-On Cloud Infrastructure Power Solutions, FSP GROUP, MTM Power Messtechnik Mellenbach GmbH., Power Systems & Controls Inc., and Acopian Technical Company
The Report Provides the Following insights Into the Market:
- It provides complete insights into current industry trends, growth drivers, trend forecast about the global Power Supply Market.
- The report contains the latest analysis of market share, challenges growth drivers, and investment opportunities.
- Research information on major drivers and current trends within the industry and regional dynamics of the market
- Discussion and profiles of the key industry players across each regional market, their growth strategies, market shares, and product portfolios.
KEY SEGMENTS
By Output Power
- 300 Watts and Below
- 300 – 999 Watts
- More Than 1,000 Watts.
By Type
- AC-DC Power Supply
- DC-DC Power Supply
By Industry Vertical
- Telecommunications
- Consumer Electronics
- Medical & Healthcare
- Military & Aerospace
- Transportation
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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