Market Research Report
Power Supply Market with COVID-19 Impact Analysis, By Output Power, By Type, By Vertical, and By Region - Size, Share, & Forecast from 2021-2027
|Published by||AnalystView Market Insights||Product code||1003881|
|Published||Content info||260 Pages
Delivery time: 2-3 business days
|Power Supply Market with COVID-19 Impact Analysis, By Output Power, By Type, By Vertical, and By Region - Size, Share, & Forecast from 2021-2027|
|Published: May 1, 2021||Content info: 260 Pages||
The global power supply market was valued at USD 26.8 billion by 2020, growing with 6.9% CAGR during the forecast period, 2021-2027.
The power supply is an electrical equipment that offers power or energy to an electric load that needs it for usage and operation. The primary function of a power supply is to track and adjust the current and voltage of electrical power so that the load receives the proper amount of electricity. Rising demand for energy-efficient devices/appliances, the adoptions and requirements of these devices in the healthcare market and devices, the consumption of low output power in consumer electronics applications and telecommunication, and the demand for the latest technology products are all contributing to the market's growth. Furthermore, during the forecast era, the growing use of data centers and the need for power supply in medical and healthcare equipment would generate new opportunities for the power supply industry.
LED lighting has a major growth opportunity in the lighting industry, due to strong market demand for energy-efficient lighting systems, falling LED costs, and leading LED adoption as a light source in a variety of lighting applications. LED lighting is a large user of power supplies, which will drive industry demand in the near future. According to IEA, the LED sales surpassed a significant benchmark in 2019, with more than 10 billion units sold, for all light sources (bulbs, cylinders, and modules) and luminaires. LED implementation is progressing in both residential and industrial settings, and LED sales have now surpassed fluorescent lamp sales. Sales are on target with the SDS as LED costs begin to decline, though sustained strong growth is needed for LEDs to account for more than 90% of sales by 2030. Furthermore, the rapid growth of the LED can also be attributed to a variety of developed markets, including the United States and Europe, while China has built a significant domestic and global manufacturing base. Hence, such factors will promote the demand for power supply and are anticipated to boost the market growth.
Based on output power, the low power supply segment is anticipated to witness sustainable growth during the forecast timeline. The growth is due to increasing its use in consumer electronics and telecommunication applications. Based on type, the market is divided into the AC-DC power supply and DC-DC power supply. Due to the widespread use in automotive, medical, and healthcare applications, the AC-DC category dominated during the forecast era. Furthermore, the development of the AC-DC power supply industry would be aided by the adoption of data centers. In the vertical segment, the telecommunication industry is accounted to hold the highest market share. The growth is attributed to the increasing technological advancement, increasing internet connection owing to the rise in the working population, and increasing internet demand in smartphones.
In the power supply market, Asia Pacific accounted to witness sustainable growth during the forecast period. The growth is due to rapid infrastructure development in China and the rapid growth of the telecommunication industry in India. According to, India Brand Equity Foundation, With 1.16 billion subscribers, India is the world's second-largest telecommunications industry, and it has seen rapid growth in the last decade.
According to a study prepared by the GSM Association (GSMA) in conjunction with Boston Consulting Group, India's mobile economy is steadily growing and would add significantly to the country's Gross Domestic Product (GDP) (BCG). In 2019, India overtook the United States as the second-largest country for smartphone downloads. The rising demand for power supply in consumer electronics will fuel the market growth in North America. In Europe, the growth is attributed to the rising product demand in the healthcare and transportation industry. The Middle East & Africa is anticipated to grow with sustainable growth owing to increasing demand for low power supply in the lighting and food & beverage industry.
Key features of the study:
This proposed research study on power supply market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2020-2027), considering 2019 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for power supply market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the power supply market
Impact of COVID-19 on power supply market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on power supply market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Power Supply market, we have also included competitive landscape and key innovator analysis for the power supply market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and end-user's attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the power supply market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new application launch, research & development, regional expansion of major participants involved in the power supply market on global as well as regional level.
The global power supply market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL POWER SUPPLY MARKET KEY PLAYERS
Murata Power Solutions
LITE-ON Power System Solutions
FSP (Taiwan), Power Innovation
Power Systems & Controls
GLOBAL POWER SUPPLY MARKET, BY OUTPUT POWER
GLOBAL POWER SUPPLY MARKET, BY TYPE
Others GLOBAL POWER SUPPLY MARKET, BY VERTICAL
Medical & Healthcare
Military & Aerospace
Food & Beverages
GLOBAL POWER SUPPLY MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
List of Figures