Global Industrial Power Supply Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The Industrial Power Supply Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Industrial Power Supply Market Size and Projected Growth Rate?
Over the past few years, the size of the industrial power supply market has experienced considerable growth. The market, valued at $9.29 billion in 2024, is projected to expand to a valuation of $9.97 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this growth during the historic period include market competitiveness and innovation, the need for a continuous power supply, the integration of electrification in industrial processes, infrastructure enhancements, and an emphasis on energy efficiency.

Predictions hint at a robust expansion in the industrial power supply market size in the coming years. The market is due to elevate to a whopping $13.65 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.2%. Factors like industry digitization, adoption of IoT, integration of renewable energy sources, shift towards electric vehicles, industry 4.0, and smart manufacturing, along with data center expansion paint a promising picture for growth in the forecast period. The era ahead also envisages trends such as IoT-centric solutions, strategic partnerships, innovative products, and advanced material technologies.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8599

What Are the Major Segments in the Industrial Power Supply Market?
The industrial power supply market covered in this report is segmented -

1) By Product Type: AC-DC Converters, DC-DC Converters
2) By Output Power: Very Low Output (up To 500 W), Low Output (500-1, 000 W), Medium Output (1, 000 W-10 kW), High Output (10-75 kW), Very High Output (75-150 kW)
3) By Vertical Type: Transportation, Semiconductor, Military And Aerospace, Robotics, Test And Measurement, Industrial 3-D Printing, Battery Charging And Test, Automotive, Energy, Other Verticals

Subsegments:
1) By AC-DC Converters: Linear Power Supplies, Switching Power Supplies, Uninterruptible Power Supplies (UPS)
2) By DC-DC Converters: Buck Converters, Boost Converters, Buck-Boost Converters, Isolated DC-DC Converters, Non-Isolated DC-DC Converters

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8599&type=smp

What Are The Driving Industrial Power Supply Market Evolution?
The expansion of the industrial power supply market is believed to be fueled by the growth in the usage of electric vehicles. Electric vehicles, which are powered by electricity stored in batteries and utilize electric motors, necessitate a variety of industrial power supply subsystems like AC/DC converters and battery management systems, for smooth operation. The rise in electric vehicles and hybrid cars has been precipitous, bolstered by containment efforts against COVID-19 and ambitions to achieve zero emissions. This spike in electric vehicle utilization has led to heightened production and demand in the industrial power supply sector. For example, the Global EV Outlook 2022 report published in May 2022 recorded a doubling of electric vehicle (EV) sales from the previous year in 2021, culminating in a record 6.6 million sales. Hence, the escalating prominence of electric vehicles is a major factor contributing to the growth of the industrial power supply market.

Which Firms Dominate The Industrial Power Supply Market Segments?
Major companies operating in the industrial power supply market are Siemens AG, Delta Electronics Inc., ABB Ltd., Murata Manufacturing Co. Ltd., Bel Fuse Inc., Advanced Energy Industries Inc., XP Power PLC, Mean Well Enterprises Co. Ltd., COSEL Co. Ltd., Amara Raja Power Systems Limited, Astrodyne TDI Inc., MTM Power GmbH, Phoenix Contact GmbH & Co. KG, GlobTek Inc., Excelsys Technologies Ltd., FSP Group, HiTek Power GmbH, Lambda Americas, LHV Power Corp., Mornsun Power Supply, Powerbox International AB, Triad Magnetics, Axiomatic Technologies Corp, Neeltran Inc., Mingston Electronics Inc., Schneider Electric SE, PULS GmbH, RECOM Power Inc., Sager Electronics, Schaefer Inc., SynQor Inc.

What Trends Are Expected to Dominate the Industrial Power Supply Market in the Next 5 Years?
The industrial power supply market is increasingly popularizing due to major technological advancements. Advanced technologies are being implemented to elevate the energy efficiency levels of these power supplies. To remain competitive, significant market players are concentrating on technological innovation. Take Toshiba Electronics Europe GmbH, for example. This European branch of Toshiba Electronic Devices & Storage Corporation's electronics component business, launched five 1200V silicon-carbide (SiC) MOSFETs in August 2022. This introduction boosts the energy efficiency of high-voltage industrial applications through the application of third-generation SiC technology. These new devices contain a built-in Schottky barrier diode (SBD), further increasing the reliability of SiC MOSFETs by counteracting internal parasitic effects while ensuring a consistent device RDS(on). Such technology continues to improve conduction and switching performance in power-conversion structures, increasing the resistance x gate-drain charge (RDS(on) x QGD) merit figure by over 80%.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/industrial-power-supply-global-market-report

Which Is The Largest Region In The Industrial Power Supply Market?
Asia-Pacific was the largest region in the industrial power supply market share in 2024. The regions covered in the industrial power supply market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Power Supply Market?
2. What is the CAGR expected in the Industrial Power Supply Market?
3. What Are the Key Innovations Transforming the Industrial Power Supply Industry?
4. Which Region Is Leading the Industrial Power Supply Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.