Industrial Power Supply Market to Reach $17.7 Bn by 2030, CAGR 6.1% (2023-2030) Supported by Automation & Electronics Growth | Market Players: ABB Group, Siemens AG, Emerson Electric Co., Schneider Electric, Delta Electronics

Global Industrial Power Supply Market reached US$ 11.1 billion in 2022 and is expected to reach US$ 17.7 billion by 2030, growing with a CAGR of 6.1% during the forecast period 2023-2030.

The global Industrial Power Supply market has witnessed significant growth over the past few years, driven by increasing demand across multiple industries and advancements in technology. The market is characterized by rising adoption of innovative solutions, growing consumer awareness, and supportive government regulations in major economies. As industries continue to prioritize efficiency, sustainability, and cost optimization, Industrial Power Supply is becoming a critical enabler of business transformation.

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The industrial power supply market is expanding due to automation, data centers, and industrial digitization. Reliable, efficient, and renewable-integrated power solutions are gaining traction.

Key Highlights from the Report

➤ The Industrial Power Supply market is projected to grow at a CAGR of 6.1% between 2024-2031.
➤ The AC-DC converters segment dominates, while the DC-DC converters segment grows fastest with EVs, data centers, and portable electronics.
➤ Asia Pacific leads and grows fastest in the industrial power supply market, fueled by manufacturing and electronics demand.
➤ Strategic collaborations and M&A activities are shaping the competitive landscape.
➤ Sustainability and digital transformation are creating new opportunities in the market.

Market Segmentation

By Converter Type (AC - DC Converter, DC - DC Converter), By Output Power (Up to 500 W, 500-1,000 W, 1,000 W-10 kW, 10-75 kW, 75-150 kW), By Application (Aerospace, Chemical and Petrochemical Industry, Food and Beverage, Automotive, Oil and Gas, Other)

Company Insights

Key players operating in the Industrial Power Supply market include:
ABB Group, Siemens AG, Emerson Electric Co., Schneider Electric, Delta Electronics, Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Phoenix Contact, Eaton Corporation and TDK Lambda Corporation.

United States: Recent Industry Developments

✅ In July 2025, ABB launched a new generation of high-efficiency industrial power supplies in Texas. The systems feature wide input ranges and advanced cooling. They are designed to support automation and robotics in manufacturing plants.

✅ In June 2025, Eaton announced a $200 million expansion of its Ohio facility to increase industrial power supply production. The investment focuses on renewable-integrated and smart-grid-ready systems. Commercial rollout is expected by late 2026.

✅ In May 2025, Texas Instruments introduced a silicon-carbide (SiC)-based industrial power supply platform. The innovation enhances power density and reduces energy losses. It targets heavy industries, including oil & gas and automotive manufacturing.

Japan: Recent Industry Developments

✅ In July 2025, Mitsubishi Electric unveiled an AI-driven industrial power supply for factory automation. The system dynamically adjusts output to optimize energy use. Early trials showed up to 18% efficiency gains in electronics production lines.

✅ In June 2025, Toshiba Energy Systems invested in advanced power supply units for data centers and industrial parks. The initiative includes lithium-ion integration for backup. It aims to support Japan's growing digital infrastructure demand.

✅ In May 2025, Omron Corporation launched compact industrial power supplies for smart factories. The design offers improved reliability under harsh conditions. It strengthens Japan's move toward Industry 4.0 and IoT-enabled manufacturing.

Recent Developments

✅ On July 10, 2023, Fuji Electric Co., Ltd. introduced a new addition to their line of high-capacity uninterruptible power supply systems (UPS), targeting the increasing demand for data centers. The new product offers a single-unit capacity of 2,400 kVA, making it one of the highest-capacity UPS systems available in the industry.

✅ In July 2023, Shanghai took a significant step towards ensuring a stable electricity supply during the summer months by introducing a virtual power plant. With an anticipated maximum electricity load of 38 million kilowatts for the summer season, Shanghai Electric Power implemented an inventive approach to address potential challenges in power supply.

✅ In January 2023, Advanced Energy Industries, Inc., a global leader in precision power conversion, measurement, and control solutions, introduced two new lines of AC-DC power supplies that boast industry-leading power densities. These new platforms, the SL Power NGB800 800 W and NGB1200 1200 W families, have been specifically designed to cater to critical medical and industrial equipment needs.

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Regional Insights

The global Industrial Power Supply market demonstrates strong performance across multiple regions:
• North America leads the market due to high adoption rates, strong R&D activities, and the presence of key market players.
• Europe benefits from stringent regulations, increasing focus on sustainability, and government-backed innovation programs.
• Asia-Pacific is expected to witness the fastest growth during the forecast period, fueled by rapid industrialization, growing consumer base, and rising investment in infrastructure.
• Latin America and Middle East & Africa are also showing promising growth, supported by economic reforms and foreign direct investments.

Market Dynamics

Driver: Rising demand for uninterrupted power in manufacturing and IT sectors supports growth.
Restraint: High energy costs and dependence on conventional sources limit adoption.
Opportunity: Increasing adoption of renewable-integrated power supply solutions.
Challenge: Ensuring reliability under fluctuating loads and harsh conditions remains difficult.

The Report Includes:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Go-to-market Strategy.
➡ Neutral perspective on the market performance.
➡ Customized regional/country reports as per request and country level analysis.
➡ Potential & niche segments and regions exhibiting promising growth covered.

Reasons to Buy the Report
✔ Comprehensive market insights with accurate growth projections through 2032.
✔ In-depth segmentation analysis to identify high-growth areas.
✔ Regional breakdown highlighting key opportunities across global markets.
✔ Competitive landscape profiling leading players and recent strategic moves.
✔ Actionable insights for investors, policymakers, and industry stakeholders.

Frequently Asked Questions (FAQs)
◆ How Big is the Global Industrial Power Supply Market?
◆ Who are the Key Players in the Industrial Power Supply Industry?
◆ What is the Projected Growth Rate (CAGR) of the Market from 2025 to 2032?
◆ What is the Forecast Value of the Market by 2032?
◆ Which Region is Expected to Dominate the Market During the Forecast Period?

Conclusion

The global Industrial Power Supply market is positioned for significant growth, driven by strong demand across industries, technological innovation, and supportive regulatory environments. While challenges such as high costs and regulatory hurdles exist, emerging opportunities in digital transformation, sustainability, and new applications are expected to create profitable pathways for market players. Companies that invest in innovation and strategic collaborations will remain at the forefront of this evolving landscape.

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