According to a new market research report published by Global Insight Services “Industrial Power Supply Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
An industrial power supply is a device that provides power to industrial machinery and equipment. The industrial power supply may be a standalone unit or may be built into the machinery or equipment. The power supply may be AC or DC, and the voltage and current may be adjustable or fixed.
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Key Trends
The key trends in industrial power supply technology are:
1. Increased Efficiency: Power supplies are becoming more efficient as manufacturers look to reduce energy consumption and costs. This is being driven by both government regulations and customer demand.
2. Improved Reliability: Power supplies are being designed for greater reliability, often with built-in redundancy features. This is critical for mission-critical applications where downtime is not an option.
3. Smaller Form Factors: Power supplies are becoming smaller and more compact as space constraints become more prevalent. This is especially important in mobile and handheld applications.
Key Drivers
The key drivers of the Industrial Power Supply market include the growing demand for uninterrupted power supply (UPS) systems, the increasing adoption of renewable energy sources, and the need for energy-efficient power supplies.
The UPS systems are used to provide backup power in case of power outages or grid failures. They are increasingly being adopted in the industrial sector as they provide a reliable and uninterrupted power supply.
The renewable energy sources such as solar and wind are being increasingly adopted as they are environmentally friendly and have low operating costs. The industrial sector is shifting towards renewable energy sources to reduce its carbon footprint.
Market Segmentation
The Industrial Power Supply market is segmented by type, output power, vertical and region. By type, the market is divided into AC−DC converters and DC−DC converters. By output power, the market is classified into very low output (up to 500 W), low output (500 W−1,000 W), medium output (1,000 W−10 kW), high output (10−75 kW) and very high output (75−150 kW). By vertical, the market is divided into transportation, semiconductor, military & aerospace, robotics and others. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Key Players
Some of the key players in Global Industrial Power Supply Market include XP Power, TDK Lambda, Siemens, Puls, Phoenix Contact, Murata Power Solutions, MTM Power, Mean Well FSP, Delta Electronics, CUI, Cosel, and Artesyn Embedded Power.
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