DC Power Supplies Market to Grow with a CAGR of 5.19% through 2028
Increasing demand for portable electronic devices and growing
adoption of automation in the industrial sector are likely to drive the market
in the forecast period.
According to TechSci Research report, “DC Power
Supplies Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global DC Power Supplies Market
stood at USD 4.08 billion in 2022 and is anticipated to grow with a CAGR of 5.19%
in the forecast period. One
of the primary drivers propelling the global DC Power Supplies market is the
ongoing wave of technological advancements and relentless innovation within the
electronics and power supply sectors. This driver is fueled by the perpetual
quest for more efficient, compact, and adaptable DC power supply solutions
across diverse industries, including telecommunications, electronics
manufacturing, healthcare, automotive, and renewable energy. Technological
advancements in this domain encompass a spectrum of developments. These include
the integration of digital control systems, sophisticated power factor
correction (PFC) techniques, and the utilization of cutting-edge semiconductor
materials. These innovations collectively lead to the creation of DC power
supplies that are not only remarkably energy-efficient but also offer enhanced
performance and reliability. Digital control systems, for instance, provide
users with greater flexibility in regulating voltage and current output,
enabling the customization of power supply settings to suit a wide array of
applications. Furthermore, breakthroughs in power semiconductor materials, such
as silicon carbide (SiC) and gallium nitride (GaN), contribute to the
production of power supplies that are both energy-efficient and capable of
delivering higher power densities. This makes them particularly well-suited for
emerging technologies like electric vehicles and renewable energy systems. The
DC Power Supplies market, therefore, thrives on the continual drive for
innovation and the adoption of the latest technologies to meet the evolving
demands of various industries, positioning itself as a pivotal enabler of
modern electronic advancements.
The rapid expansion of the
global Electric Vehicle (EV) market serves as another potent driver for the DC
Power Supplies sector. As societies globally shift towards more environmentally
sustainable transportation options and governments enact stricter emissions
regulations, the demand for electric vehicles has witnessed exponential growth.
Within the EV ecosystem, DC power supplies play an indispensable role. They are
integral to EV charging infrastructure, onboard vehicle chargers, and battery
management systems. As an increasing number of consumers and businesses transition
to electric vehicles, there is a burgeoning need for reliable and high-power DC
charging stations. Electric vehicle charging stations require advanced DC power
supplies to deliver fast and efficient charging, facilitating quick and
convenient recharging for EV owners. The development of fast-charging
technologies and the widespread expansion of charging networks further fuel the
growth of the DC Power Supplies market. Fast-charging systems, especially, rely
heavily on precise and efficient DC power delivery. In essence, the thriving
global Electric Vehicle market stimulates substantial demand for DC Power
Supplies, particularly in the context of EV charging infrastructure,
establishing the DC Power Supplies market as a vital contributor to the electrification
of transportation and the broader movement towards sustainable energy
solutions.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global DC Power Supplies Market.”
The Global DC Power Supplies Market is segmented into type,
application, output and region. Based on type, The AC-DC segment had the largest
market share in 2022 & expected to maintain it in the forecast period.
AC-DC power supplies are designed to convert the alternating current (AC)
electricity provided by the electrical grid into direct current (DC) power, which
is suitable for powering a wide range of electronic devices and equipment.
Since the majority of electrical power distribution systems worldwide deliver
electricity in the form of AC, AC-DC power supplies are essential for
converting grid power into the usable DC voltage and current required by
various applications. AC-DC power supplies are commonly found in households
and commercial establishments, where they power a variety of appliances,
electronic gadgets, lighting systems, and more. The prevalence of AC-DC power
supplies in everyday devices contributes to their dominance in terms of both
production volume and market familiarity. AC-DC power supplies come in various forms and sizes,
from small wall adapters for mobile phones to larger units for industrial
equipment. Their versatility and adaptability make them suitable for a wide
range of applications, including consumer electronics, industrial machinery,
telecommunications, and data centers. Consumer electronics, such as smartphones, laptops,
televisions, and gaming consoles, are among the most prominent users of AC-DC
power supplies. The continued growth in demand for consumer electronics, along
with the need for efficient power conversion, sustains the market for AC-DC
power supplies. The existing electrical infrastructure in most regions
is built around AC power distribution. Therefore, significant investments have
been made in AC generation, transmission, and distribution systems.
Based on application, The Aerospace, Defense, & Government
Services segment had the largest market share in 2022 and is projected to
experience rapid growth during the forecast period. The Aerospace, Defense,
& Government Services sector demands highly specialized DC power supplies
designed to meet stringent performance, reliability, and safety standards.
Mission-critical applications in aerospace and defense require power supplies
that can operate flawlessly in extreme environments, including high altitudes,
harsh weather conditions, and electromagnetic interference.
The defense industry, in particular, relies on
advanced DC power supplies for a wide range of applications, including radar
systems, communication equipment, navigation devices, and missile guidance
systems. Ensuring the readiness and effectiveness of defense technology is
paramount for national security, leading to substantial investments in
cutting-edge power supply solutions.
Government contracts and funding often drive
innovation in the development of DC power supplies. Governments allocate
significant budgets for research, development, and procurement of advanced
power supply systems to support defense and aerospace initiatives.
The Aerospace, Defense, & Government Services
sector frequently requires customized power supply solutions tailored to
specific applications and military standards. These customized power supplies
may need to operate with high efficiency, low electromagnetic interference, and
robust fault tolerance, making them distinct from commercial off-the-shelf
(COTS) power supplies.
Major companies operating in the Global DC Power
Supplies Market are:
- MEAN WELL
Enterprises Co., Ltd.
- TDK
Corporation
- Delta
Electronics, Inc.
- Artesyn
Embedded Technologies
- Recom
Power GmbH
- CUI Inc.
- Murata
Manufacturing Co., Ltd.
- Vicor
Corporation
- XP Power
Ltd.
- Traco
Power AG
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“The Global DC Power Supplies market is expected to
rise in the upcoming years and register a significant CAGR during the forecast
period. Rapid technological advancements are a pivotal driver of the global DC
Power Supplies market. As industries increasingly demand energy-efficient and
high-performance power solutions, innovations in digital control systems,
semiconductor materials, and power factor correction techniques are shaping the
market. These advancements not only enhance energy efficiency but also enable
versatile and adaptable power supplies, catering to diverse sectors such as
electronics manufacturing, renewable energy, electric vehicles, and
telecommunications. The pursuit of technological excellence propels growth and
competitiveness within the industry. Also, Asia Pacific is the largest market
for DC power supplies, followed by North America and Europe. The growth of the
market in Asia Pacific is being driven by the increasing demand for consumer
electronics and the growing adoption of automation in the industrial sector. Therefore,
the market of DC Power Supplies is expected to boost in the upcoming years.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“DC Power Supplies Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (AC-DC, DC-DC), By
Application (Aerospace, Defense, & Government Services, Automotive, Energy,
Wireless Communication & Infrastructure, Others), By Output (Low Output (Up
to 10 kW), Medium Output (10–100 kW), High Output (100–250 kW)), By Region, By
Competition”, has evaluated the future growth potential of Global DC Power Supplies
Market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision-makers make sound investment decisions., The
report also identifies and analyzes the emerging trends along with essential
drivers, challenges, and opportunities in the Global DC Power Supplies Market.
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