Press release
Power Supply Market Grows as Electrification, Automation, and Digital Devices Drive Global Energy Conversion Demand
Power Supply Market
The global Power Supply Market is expanding steadily, driven by the proliferation of electronic devices, rapid industrial automation, electric vehicle infrastructure, and the rise of high-density data centers. Power supplies-critical for converting AC to regulated DC voltage-are essential across consumer electronics, medical equipment, industrial systems, telecom infrastructure, EV chargers, and renewable energy platforms. From smartphones and smart TVs to robots, medical equipment, servers, EV chargers, and industrial drives-modern power supplies are at the heart of reliable, efficient, and safe electronic operations.
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Key Takeaways
• Market Size (2024): USD 32 Billion
• Forecast (2030): USD 48 Billion
• CAGR: 4.3%
• Top Growth Drivers: Digital device adoption, automation, EV infrastructure, power efficiency mandates, high-density computing
• Key Technologies: AC-DC power supplies, DC-DC converters, SMPS, linear regulators, high-efficiency GaN/SiC-based power supplies
• Leading Players: Delta Electronics, Siemens AG, TDK-Lambda, Mean Well, Huawei, Schneider Electric, Vicor Corporation, Omron, ABB, Mitsubishi Electric
Market Story - Why the Power Supply Market Is Growing
Global electrification and digitalization trends are pushing demand for compact, efficient, and high-reliability power supplies across industries.
Key Market Growth Forces:
1. Surge in Consumer Electronics
Smartphones, laptops, gaming consoles, wearables, home appliances, and IoT devices require advanced, miniaturized power supplies.
2. Industrial Automation & Robotics
Factories deploy:
• Servo drives
• PLCs
• Sensors & actuators
• Robotics
All dependent on stable, safe, and energy-efficient DC power.
3. Data Centers & Cloud Expansion
AI computing, hyperscale data centers, and edge servers need:
• High-density rack power
• Redundant PSUs
• Efficient energy conversion
4. Electric Vehicle Charging & Mobility
EV chargers (AC & DC fast chargers) rely on robust, high-power conversion systems powered by:
• SiC MOSFETs
• GaN transistors
• Digital power modules
5. Healthcare & Medical Equipment
Hospitals require:
• Patient monitors
• Imaging systems
• Life-support devices
• Diagnostic equipment
All requiring ultra-reliable medical-grade PSUs.
6. Renewable Energy Integration
Solar inverters, wind turbines, and energy storage systems use:
• DC-DC converters
• Grid-tied power modules
• High-efficiency power conditioning
Market Segmentation & Growth Analysis
By Output
• AC-DC Power Supplies
• DC-DC Converters
• Isolated & Non-Isolated Power Supplies
• Unregulated Power Supplies
By Power Rating
• Below 500 W
• 500 W - 1 kW
• 1 kW - 10 kW
• Above 10 kW (used in EV chargers & data centers)
By Product Type
• Open Frame Power Supplies
• Enclosed Power Supplies
• Rack Mount & Modular Units
• Din-Rail Power Supplies
• External/Adapter Power Supplies (chargers)
By Technology
• Switch-Mode Power Supply (SMPS)
• Linear Power Supply
• Digital Power Supply
• SiC/GaN-Based High-Efficiency Power Supply
By Application
• Consumer Electronics
• Industrial Automation
• Healthcare & Medical
• Telecommunication & Networking
• Transportation & EV Charging
• Defense & Aerospace
• LED Lighting
• Data Centers
By End User
• OEMs
• Industrial Users
• IT & Telecom Providers
• Hospitals & Medical Device Companies
• Utility & Energy Companies
By Region
• Asia Pacific - Largest manufacturing hub for electronics & power devices
• North America - Data center & EV adoption driving growth
• Europe - Industrial automation & energy transition policies
• Middle East - Infrastructure electrification
• Latin America - Consumer electronics & automotive growth
Explore Full Report here: https://exactitudeconsultancy.com/reports/74183/power-supply-market
Recent Developments
• Delta Electronics launched ultra-high-efficiency 80 PLUS Titanium rack power systems for hyperscale data centers.
• TDK-Lambda expanded its medical-grade power supply lineup with enhanced safety and cooling efficiency.
• Vicor introduced next-gen modular DC-DC power components for AI servers.
• Huawei upgraded telecom power systems for 5G base stations.
• Siemens deployed industrial-grade power supplies for smart factories under Industry 4.0 initiatives.
• Mean Well launched compact enclosed PSUs optimized for LED and HVAC systems.
Expert Comment (Exactitude Consultancy)
"Power supplies are the backbone of every digital and industrial system. With electrification, automation, and high-performance computing rising worldwide, demand for efficient, compact, and high-reliability power conversion will continue to accelerate."
- Irfan Tamboli, Business Development Executive, Exactitude Consultancy
Conclusion
The Power Supply Market is set for strong long-term growth as industries depend increasingly on digital equipment, automation technologies, electric mobility, and renewable energy systems. Technological advancements in GaN/SiC semiconductors, modular architectures, and IoT-enabled monitoring will further enhance PSU efficiency and reliability.
This report is also available in the following languages : Japanese (電源市場), Korean (전원 공급 시장), Chinese (电源市场), French (Marché de l'alimentation électrique), German (Stromversorgungsmarkt), and Italian (Mercato dell'alimentazione elettrica), etc.
Request for a sample of this research report at (Use Corporate Mail ID for Quick Response) @ https://exactitudeconsultancy.com/request-sample/74183
Related Reports
Global AC/DC Power Supply in Data Center Market
https://exactitudeconsultancy.com/reports/64209/global-ac-dc-power-supply-in-data-center-market
Large Capacity Portable Power Supply Market
https://exactitudeconsultancy.com/reports/64680/large-capacity-portable-power-supply-market
Power Supply Cords Market
https://exactitudeconsultancy.com/reports/68915/power-supply-cords-market
Uninterrupted Power Supply (UPS) Market
https://exactitudeconsultancy.com/reports/68924/uninterrupted-power-supply-ups-market
About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
https://bulletin.exactitudeconsultancy.com/
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https://www.analytica.global/
https://www.marketintelligencedata.com/
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https://exactitudeconsultancy.com/
Connect Us:
Irfan Tamboli
PHONE NUMBER +1 (704) 266-3234
EMAIL ADDRESS: sales@exactitudeconsultancy.com
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