PUBLISHER: IMARC | PRODUCT CODE: 1800938
PUBLISHER: IMARC | PRODUCT CODE: 1800938
The global DC power supplies market size reached USD 450.7 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 623.2 Million by 2033, exhibiting a growth rate (CAGR) of 3.48% during 2025-2033.
Direct current (DC) power supplies refer to an embedded circuit that provides constant and stabilized power supply to electronic modules. They are commonly available in two forms, namely switching and linear power supplies. The switching variants are compact and light-weight, offer higher power efficiency and can be efficiently used for devices with low, medium and high power output. The linear variants use large transformers to drop the voltage to alternating current (AC) and then convert it into DC voltage. DC power supplies offer various benefits, such as repeatable power on and off with minimal input related problems and higher accuracy in readbacks, thereby eliminating the need for external meters, shunts, relays and switching calibration.
The increasing demand for energy-efficient power supplies for consumer electronics, along with the emerging trend of industrial automation across the globe, represents one of the key factors driving the growth of the market. Furthermore, the widespread adoption of wireless communication systems across industries, such as aerospace, defense and telecommunications, is also driving the market growth. Electronic systems in industrial units require precise voltage supply that is stabilized over fluctuations, thereby enhancing the requirement for DC power supplies. They are also used to test automobile batteries, fuel cells, charging stations, on-board chargers and digital interfaces. Additionally, various technological advancements, such as the integration of electronic devices with the Internet of Things (IoT), are acting as other growth-inducing factors. Various devices, such as laptops, smartphones and tablets, depend on DC power supplies for maintaining a constant supply of voltage, which, therefore, is facilitating their demand. Other factors, including the development of programmable DC power supplies, along with significant improvements in the information technology (IT) infrastructure, are anticipated to drive the market further.
The competitive landscape of the industry has also been examined with some of the key players being Acopian Technical Company, Ametek Inc., B&K Precision Corporation, Chroma ATE Inc., Good Will Instrument Co. Ltd., Keysight Technologies Inc., Magna-Power Electronics Inc., MEAN WELL Enterprises Co. Ltd., Rohde & Schwarz GmbH & Co KG, TDK Corporation and Tektronix Inc. (Fortive Corporation).