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Global Industrial Power Supply Market By Product Type (AC-DC Converter, DC-AC Inverter, Others), By Output Power (Low Output, High Output, Others), By End-Users (Lighting, Transportation, Others), By Region, Forecast & Opportunities to 2026

The global industrial power supply market accounted for a value of USD 9.0 billion in 2019 and is projected to register growth at a CAGR of 4.2% during forecast period.

COVID-19 has impacted the industrial power supply market. The industries around the globe are temporarily closed which reduces power requirements by industrial sector. The government has implemented nation wise lockdown due to which major manufacturing units have to halt. The demand for industrial power has declined immensely due to pandemic.

Definition:

Power supply can be defined as electrical device which is capable of supplying electric power to an electric load. The main function of a power supply is to convert an electric current from a source to current, frequency and correct voltage to power the load. It is also referred to as electric power converters and these supplies are built into the load appliances that they power.

Market Dynamics (Drivers/Opportunities):

The demand for electronics devices is various countries such US, China and others are increasing. The lightning sector is growing across the world. The industrial automation is implementing in the manufacturing industry. This increases demand for industrial power supply and drives growth in this market during forecast period.

The demand for industrial power supply is increasing in various countries such as India, China, US and others as the wide range industries are establishing in such countries and adopting automation widely. Thus, drives growth in industrial power supply market during forecast period.

Market Insights, by Product Type

On the basis of product type, the industrial power supply market is segmented into AC-DC converter, DC-AC inverter and DC-DC converter. The DC-AC inverter segment is estimated to be the fastest growing market during forecast period. The application of DC-AC inverter is higher in areas such as power grid, electric motor speed, HVDC power transmission, solar and induction heating etc. The DC-AC inverters can survive extreme altitude, shock waves and temperatures. The demand for AC power sources in HVDC power transmission and solar is increasing around the world. This drives growth in DC-AC inverters segment during forecast period.

Market Insights, by Output Power

On the basis of output power, the industrial power supply market is segmented into low output (up to 1000 W), medium output (1000 W – 10 kW), high output (10 kW – 75 kW) and high output (75 kW- 150 kW). The medium output (1000 W-10 kW) segment is estimated to be the fastest growing segment during forecast period. The medium output segment has wide application in solar technology, wideband power amplifiers, automatic test equipment, scanners, packaging equipments and light industrial systems etc. The demand for medium output power supplies is increasing as it is widely used in medical & healthcare, industrial automation, transportation and warehousing etc. Thus, drive growth in medium output segment during forecast period.

Market Insights, by End-Users

On the basis of end-users, the industrial power supply market is segmented into consumer electronics, lighting, transportation, food & beverages, military & aerospace telecommunication, medical & healthcare and others. The lighting segment is estimated to dominate the market during forecast period. The lighting segment has application in automotive lighting, medical lighting, traffic signals, electronic display, factory lighting, street lighting and others. These segments use LED lighting as it is cost-efficient and eco-friendly. The governments around the world are promoting use of LED lighting. This increases demand and adoption of lighting segment and drives growth in this segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to register growth at highest CAGR during forecast period. The India and China are the fastest growing economies present in Asia-Pacific. The manufacturing activities in the automation sector are rapidly increasing this region. The construction industry is expanding in the region and this increases the demand for industrial power supply. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in industrial power supply industry are XP Power, Delta Electronics, Murata Power Solutions, Siemens, TDK Lambda, Mean Well, ABB, Cosel, CUI, Amara Raja Power Systems, Artesyn Embedded Power, Phoenix Contact, Acopain, MTM Power, FSP, Power Innovation, Power Control Systems and Magna Power.

Segments Covered in the Report

This report forecasts The Global Industrial Power Supply Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global industrial power supply market report on the basis of product type, output power, and end-users.

Industrial Power Supply Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Industrial Power Supply Market, By Product Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • AC-DC Converter
  • DC-AC Inverter
  • DC-DC Converter
  1. Industrial Power Supply Market, By Output Power, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Low Output (up to 1000 W)
  • Medium Output (1000 W – 10 kW)
  • High Output (10 kW – 75 kW)
  • High Output (75 kW- 150 kW)
  1. Industrial Power Supply Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Consumer Electronics
  • Lighting
  • Transportation
  • Food & Beverages
  • Military & Aerospace Telecommunication
  • Medical & Healthcare
  1. Industrial Power Supply Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Product Type
    • By Output Power
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Product Type
      • By Output Power
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Product Type
        • By Output Power
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Product Type
          • By Output Power
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Product Type
            • By Output Power
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Magna Power
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • XP Power
    • Delta Electronics
    • Murata Power Solutions
    • Siemens
    • TDK Lambda
    • Mean Well
    • ABB
    • Cosel
    • CUI
    • Amara Raja Power Systems
    • Artesyn Embedded Power
    • Phoenix Contact
    • Acopain
    • MTM Power
    • FSP
    • Power Innovation
    • Power Control Systems
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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