DC Power Supplies Market Insights, Current And Future Market Trends & Forecast Till 2027
The strong demand for energy-efficient DC power supplies and the significant shift in the end-users preference towards DC power supply as compared to the AC current are certain factors that are driving the growth of the DC power supplies market.
Dublin, Ireland – July 16, 2020 /MarketersMedia/ —
The accelerating demand for energy-efficient DC power supplies is the primary factor that is surging the demand of the DC power supplies market. In terms of power supply, there has been a rise in the requirement for energy conservation, where DC power supplier installed in electronic equipment would provide more than 90% efficiency. Additionally, the DC-DC power converters increase the conversion efficiency as it incorporates significant power overhead, and efficiency can vary widely across current loads and voltage. Renewable energy sources such as solar power plants that generate DC power are being installed on the newly constructed buildings. Thus, as per the DC power supplies report, the end-users are shifting towards the DC power supply over AC current as it minimizes the conversion waste. All these exceptional benefits offered by DC power supply is encouraging the end-users to opt for these systems and are responsible for the growth of the DC power supplies market size. On the other hand, the imposition of regional safety standards and regulatory compliance are likely to restrain market growth.
On the basis of the type, the AC-DC segment exhibits substantial growth potential and is projected to gain traction over the forecast period. This is due to the strong demand for AC-DC power supplies for multiple testing and measurement applications of industrial & medical equipment.
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Based on the output power, the high output segment is expected to witness considerable growth in the next six years. The high output power supplies are majorly programmable and are often used for automotive test equipment, aerospace & military, and semiconductor fabrications. The high output power supplies offer numerous features, such as broad voltage current range, consistent control, enhanced design, and high frequency. However, the increasing need to test the products that undergo rugged, harsh, and extensive environmental conditions for operational duties, is further energizing the demand of the segment in the DC power supplies market.
On the basis of the region, the North American region is anticipated to be the fastest growing region in the DC power supplies market in the next six years. The increasing usage of DC power suppliers in the aerospace & defense and communication & infrastructure sector, especially in countries such as the US and Canada, is the key driver that is boosting the demand of the market. On the other hand, the Asia-pacific region is expected to experience a higher CAGR over the forecast period due to the strong demand for consumer electronics such as portable healthcare electronics. Digital transformation and the increasing automation in numerous countries of the region is further strengthening the growth of the market in the Asia-Pacific region.
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The key players of the DC power supplies market include Mean Well USA Inc, Delta Electronics Inc, Chroma ATE, Good Will Instrument Co. Ltd, Rohde & Schwarz GmbH & Co KG, B&K Precision Corporation, Keysight Technologies Inc., TDK Lambda Inc., Tektronix Inc, and Texas Instruments Inc., among others.
The research report on the DC power supplies market provides an in-depth analysis of the market revenue based on type, output power, application, and region for the forecast period from 2020 to 2027. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report also provides market size and forecast for the market. The report also analyses the competitive landscape, major players, and their strategies in 2019. The competitive landscape section of the report captures and highlights the recent developments in the market.
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