DC Power Supplies Market Report 2023-2028, Industry Growth Opportunity, and Forecast

DC Power Supplies Market Outlook 2023-2028:

IMARC Group's latest research report, titled "DC Power Supplies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global DC power supplies market size reached US$ 417.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 534.0 Million by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

What are DC Power Supplies ? :

Direct current or DC power supplies stand for an embedded circuit that provides stabilized and constant power supply to electronic modules. They are mostly available in two forms, including switching and linear power supplies. The switching DC power supplies systems are compact and lightweight, facilitate higher power efficiency, and can be efficiently utilized for devices with medium, low, and high-power output. The linear variants, on the other hand, use large transformers to drop the voltage to alternating current or AC and then convert it into DC voltage. DC power supplies ensure various benefits, such as higher accuracy in readbacks and repeatable power on and off with minimal input-related issues, thereby eliminating the need for external meters, relays, shunts, and switching calibration. Consequently, they find extensive applications across numerous sectors, including military, aerospace, defense, automotive, energy, telecommunication, healthcare, consumer electronics, etc.

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Competitive Landscape with Key Players:

• Acopian Technical Company
• Ametek Inc
• B&K Precision Corporation
• Chroma ATE Inc
• Good Will Instrument Co. Ltd
• Keysight Technologies Inc
• Magna-Power Electronics Inc
• MEAN WELL Enterprises Co. Ltd
• Rohde & Schwarz GmbH & Co KG
• TDK Corporation
• Tektronix Inc. (Fortive Corporation)

What is the Growth Outlook of the DC Power Supplies Market ? :

The growing requirement for energy-efficient power supplies for consumer electronics and the emerging trend of industrial automation across countries are primarily driving the DC power supplies market. In addition to this, the escalating usage of wireless communication systems in aerospace, defense, and telecommunications industries which require precise voltage supply that is stabilized over fluctuation, is acting as another significant growth-inducing factor.

Apart from this, the elevating product employment to test fuel cells, automobile batteries, charging stations, onboard chargers, and digital interfaces is also positively influencing the global market. Moreover, the rising integration of electronic devices with the Internet of Things (IoT) technology, the development of programmable DC power supplies, and the inflating investments in significant improvements in the information technology (IT) infrastructure are expected to propel the DC power supplies market over the forecasted period.

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Key Market Segmentation:

Breakup by Product Type:

• AC-DC
• DC-DC

Breakup by Output Power:

• Low Output (Less Than 10 kW)
• Medium Output (10-100 kW)
• High Output (Above 100 kW)

Breakup by Application:

• Military, Aerospace and Defense
• Automotive
• Energy
• Telecommunication
• Healthcare
• Consumer Electronics
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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