A recent report published by Infinium Global Research on
industrial power supply market provides in-depth analysis of segments and
sub-segments in the global as well as regional industrial power supply market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional industrial power supply market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global industrial power supply market.
According to the report, the global industrial power supply market is projected
to grow at a healthy CAGR of over the forecast period of 2019-2025.
The power supply needs in the Industrial sector is dramatically
different from other sectors. Ever-growing demands for product personalization
and rising market requirements continuously shape industrial production.
Therefore, finding power supplies best suited for the needs of Industrial
control, testing, automation, and assembly is essential. Electric power
companies are tapping new technologies to serve gradually sophisticated
customers who expect the types of high-tech digital experiences that other
industries offer. In the industrial power supply, older equipment was replaced
with newer, efficiency standards that were implemented and technology change
occurred, particularly in lighting and other appliances. The demographic and
economic factors driving this trend included reducing population growth and a
shifting economy toward less energy-intensive industries.
Growing adoption of automation-enabled electronic components in
various industries are the major driving factor of the industrial power supply
market. Furthermore, factors such as evolving telecommunications sector,
growing demand for energy-efficient devices/appliances, and increasing need for
a wide output range of power switches is also driving the market growth.
Constant initiatives taken by the government to encourage the manufacturing of
ecological vehicles are anticipated to boost the growth of the global industrial
power supply market. Improvement of cutting-edge technologies such as the IIoT and
industrial revolution is also expected to create robust growth in the global
switching mode power supply market. However, various country-wise regulatory
and safety standards hamper the growth of the market. Moreover, increasing the requirement of power supply in medical and healthcare devices are expected to
provide growth opportunities to the market players.
Geographically, North America dominates the global industrial
power supply market due to the significant growth of the electronics industry in
the U.S. and Canada. Asia-Pacific region is forecasted to register impressive
growth in the global industrial power supply market owing to growing
digitalization in emerging countries such as Japan, China, and India. The
strong growth rate is likely to record in the Middle East and Africa and in
Latin America during the future. This growth is attributed to factors such as
the improvement of cutting-edge technologies.
The report on the global industrial power supply market covers
segments such as type, and end user. On the basis of type, the sub-markets
include unregulated power supply, linear power supply, and switched mode power
supply (SMPS). On the basis of end user, the sub-markets include power
generation and distribution, oil, gas and petrochemical, commercial sector,
utility sector, and other end users.
The report provides profiles of the companies in the market such
as Weidmüller Interface GmbH & Co. KG, Schneider Electric SE, Cosel, CETC,
Siemens AG, DELIXI, Omron Corporation, MEAN WELL Enterprises Co., Ltd., Phoenix
Products LLC, TDK-Lambda Corporation, and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of industrial
power supply market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.