Industrial Power Supply Market 2023 Driving Factors Forecast Research 2029

The global industrial power supply market is estimated to grow at a CAGR of 5.2% during the forecast period. The major factors contributing to the market growth include rising industrialization and expansion of the telecom and IT sector. The growing manufacturing sector is supporting to drive the growth of the market. As per the United Nations Conference on Trade and Development (UNCTAD), in 2018, manufacturing value added per capita amounted to $5,922 at constant 2015 prices in developed economies. This per capita was nearly 4 times higher compared to developing Asia and Oceania ($1,388), 5 times higher compared to emerging Latin America and the Caribbean ($1,136), and six and a half times higher compared to the transition economies ($906). It surpassed the value in Africa ($207) by nearly 30 times.

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Power supply acts as a basic component in the automated manufacturing process that needs safety protection functions and high stability. Delta Electronics offers the DVP series, the PMC/PMT panel mounting models, and the CliQ series DIN rail mounting models. According to the company, such models are highly stable and efficient industrial power supplies. From extended temperature ranges and ruggedized packaging for severe environments to high isolation voltages and high peak load capabilities for unique system needs, power supplies are suitable to address the requirement of its particular industrial application.

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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

Global Industrial Power Supply Market- Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global industrial power supply market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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