Press release
Asia-Pacific Industrial Power Supply Market Share 2021: Global Trends, Key Players, Industry Analysis Report to 2027
Asia-Pacific industrial power supply market is estimated to grow at a CAGR of 6.8% during the forecast period. Rising military spending is one of the major factors accelerating market growth. As per the Stockholm International Peace Research Institute (SIPRI), in 2019, China and India held the second-and third-largest position regarding military spending across the globe. In 2019, military spending in China reached $261 billion, which represents a 5.1% rise over 2018, while military spending in India increased by 6.8% to $71.1 billion. Political tensions and rivalry of India with both Pakistan and China are some drivers for its enhanced military spending.To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/asia-pacific-industrial-power-supply-market
Apart from China and India, military spending in Japan and South Korea was $47.6 billion and $43.9 billion, respectively in Asia and Oceania. This leads to increasing demand for military ground vehicles which significantly need power supplies that are ultra-reliable for mission-critical electrical devices. Therefore, rugged solutions can be offered with mechanical modifications for the protection of the power supply against humidity, shock, and vibration.
Browse for Full Report Description@ https://www.omrglobal.com/industry-reports/asia-pacific-industrial-power-supply-market
Asia-Pacific Industrial Power Supply Market-Segmentation
By Product Type
• AC-DC Converter
• DC-DC Converter
• DC-AC Inverter
By Vertical
• Food and Beverage
• Energy and Utilities
• Telecom & IT
• Transportation
• Consumer Electronics
• Aerospace and Defense
• Healthcare
• Others
Asia-Pacific Industrial Power Supply Market– Segment by Country
• China
• India
• Japan
• Rest of Asia-Pacific
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/asia-pacific-industrial-power-supply-market
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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