Industrial Power Supply Market Worth $14.5 Billion in 2027 – Exclusive Report by MarketsandMarkets™

MarketsandMarkets Research Pvt. ltd.

Chicago, Aug. 05, 2022 (GLOBE NEWSWIRE) — The industrial power supply market is expected to grow from USD 10.8 billion in 2022 to USD 14.5 billion by 2027, at a CAGR of 6.0% according to a new report from MarketsandMarkets™. The growth of the industrial power supply market can be attributed to the growing investment in energy-efficient devices across industrial sectors and the adoption of robots across several industries. Growth in electric vehicle sales is also an important driver for the industrial power supply market.

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Ultra low power (up to 500W), by power output, is expected to be the largest industrial power market during the forecast period

By output power, the industrial power supply market has been segmented into very low power (up to 500W), low power (500-1000W), medium power (1000W-10kW), high power (10-75 kW), and very high efficiency (75−150 kW). very low power (up to 500W) is expected to be the largest segment during the forecast period. The increasing use of automation solutions and digital technology by industries based in China, India, and Japan is the major reason for the growth of this market.

Robotics segment, by industry vertical, is expected to grow at the highest CAGR during the forecast period

The robotics segment is expected to register the highest CAGR of 7.9% during the forecast period. Robotic applications of industrial power supplies include factory and warehouse automation systems, material handling and transportation systems, manufacturing and packaging systems, and automated assembly systems.

Asia-Pacific is expected to dominate the global industrial power supply market over the forecast period

In this report, the Industrial Power Supply market has been analyzed for five regions, namely, Asia-Pacific, North America, Europe, Middle East & Africa, South America South. Asia-Pacific is expected to dominate the market over the forecast period. China and Japan’s increasing inclination towards industrial automation and growing adoption of electric vehicles in the region are among the reasons for the region’s large market size

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the major players in the Industrial Power Supply market. These include TDK Lambda (Japan), Siemens (Germany), Delta Electronics (Taiwan), ABB (Switzerland) and Murata Power Solutions (US). The major players are trying to gain a foothold in the markets of developed countries and are adopting various strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions and expansions to increase their market shares. respective market.

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Alan A. Seibert