Press release
Power Supply Market is Set to Garner Staggering Revenues by 2031
Transparency Market Research delivers key insights on the global power supply market. In terms of revenue, the global power supply market is estimated to expand at a CAGR of 5.1% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecast in its report on the global power supply market.
๐๐๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ -https://www.transparencymarketresearch.com/power-supply-market.html
The global power supply market is broadly affected by several factors, including increase in usage of power supply in various applications such as industrial, transportation, and aerospace & defence. Rise in global demand for residential units has led to a significant growth in the usage of power supply. Increase in demand and use of power supply in residential building construction is expected to be the primary driver of the global power supply market. The rise in demand for power supply in industrial vertical is also propelling the power supply market.
๐๐จ๐ฐ๐๐ซ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
Power supply can be defined as the provision of electrical power to an electrical load through an electrical device. The primary function of a power supply is the conversion of an electrical source to the appropriate current, voltage, and frequency to power the load that is required.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=55974
A wide range of AC-DC and DC-DC power supplies can have an output voltage varying from less than 1 V to thousands of volts and output power ranging from 0.1 W to thousands of watts. Some power supplies are separate standalone pieces of equipment, while others are integrated into the load devices that they power. AC-DC and DC-DC power supply applications from verticals such as lighting, industrial, consumer electronics, and medical are driving the market by integrating it in various devices.
Manufacturers are focusing on the industrial segment, as the share held by the industrial segment in the power supply market is likely to increase during the forecast period.
๐๐จ๐ฐ๐๐ซ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐๐๐ซ๐ค๐๐ญ: ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ ๐ข๐จ๐ง๐ฌ
Asia Pacific holds major share of the global power supply market. The power supply market in the region is anticipated to expand at a CAGR of more than 5.1% during the forecast period. Increase in demand for power supply in various applications such of industrial is driving the power supply market in Asia Pacific. China is a key country of the power supply market in Asia Pacific. It held a significant share of the power supply market in Asia Pacific in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=55974
North America is also a prominent region of the global power supply market. The U.S. led the power supply market in North America in 2020. Increase in demand for power supply in industrial, transportation, and aerospace & defence sectors is driving the power supply market in the U.S.
๐๐จ๐ฐ๐๐ซ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฃ๐จ๐ซ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
The global power supply market is consolidated with the presence of key players. Prominent players operating in the global power supply market include Artesyn, COSEL ASIA LTD, Delta Electronics Inc, General Electric, MEAN WELL Enterprises Co. Ltd, Phoenix Contact, Murata Power Solutions, PULS GmbH, SIEMENS AG, TDK-Lambda Corporation, and XP Power.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=55974
๐๐ฅ๐จ๐๐๐ฅ ๐๐จ๐ฐ๐๐ซ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐จ๐ฐ๐๐ซ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ซ๐ญ๐ข๐๐๐ฅ
Industrial
Transportation
Aerospace & Defense
Health Care
Consumer Electronics
Telecommunication
Others (including Home & Building Automation Systems)
๐๐จ๐ฐ๐๐ซ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐ฒ๐ฉ๐
AC-DC Power Supply
DC-DC Converter
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Rohit Bhisey
Transparency Market Research Inc.
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