US Industrial Power Supply Market 2023 Driving Factors Forecast Research 2029

The US industrial power supply market is estimated to grow at a CAGR of 5.2% during the forecast period. The major factors encouraging the market growth include the growing manufacturing sector and increasing aerospace and defense sector in the country. As per the National Association of Manufacturers (NAM), in the US, manufacturers represent 11.4% of the total output in the economy, using 8.51% of the workforce. In 2018, the total output generation from the manufacturing sector was $2,334.6 billion. Industrial automation is gaining significance coupled with the increasing focus on boosting manufacturing capabilities.

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Power supply acts as a basic component in the automated manufacturing process that needs safety protection functions and high stability. This results in an increasing demand for industrial power supplies that are destined for severe environments as they have a very small size and can withstand high temperatures. Some important parameters that need to consider while evaluating the reliability and quality of switching power supplies. These parameters comprise permissible operating temperature, efficiency, ambient temperature, thermal management, and derating curves for input voltage and bridging time in the event of a power failure.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

US 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

The Report Covers
• Comprehensive research methodology of the US industrial power supply market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US industrial power supply market.
• Insights about market determinants that are stimulating the US industrial power supply market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

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