Power Supply Market by Output Power, Product Type, Vertical, and Geography - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 5, 2018--The “Power Supply Market by Output Power, Product Type, Vertical (Lighting, Consumer Electronics, Telecommunications, Transportation, Food & Beverages, Medical & Healthcare, Military & Aerospace, Industrial), and Geography - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The power supply market is expected to grow from USD 25.20 billion in 2018 to USD 34.92 billion by 2023, at a CAGR of 6.7% from 2018 to 2023.
Factors such as growing demand for home and building automation systems, the emerging telecommunications sector, and increasing demand for energy-efficient devices/appliances are driving market growth. On the other hand, various regional/country-wise regulatory and safety standards hinder the growth of the market and the increase in adoption of high-voltage direct current (HVDC) and renewable energy sources may affect the growth of the AC-DC power supply market.
This growth can be attributed to the increasing use of power supplies with low output power in lighting, telecommunications, consumer electronics, and industrial applications. Also, increasing demand for power supply with a low output power in the medical & heathcare vertical is amplifying its penetration globally.
The power supply market for the lighting vertical is expected to grow at the highest CAGR from 2018 to 2023. This growth can be attributed to the increasing usage of LED lighting in home and building automation systems, as well as in various lighting applications such as street, architectural, transportation, entertainment, and safety & security lighting.
The power supply market in APAC is expected to grow at the highest CAGR during the forecast period. Moreover, APAC is likely to continue to hold the largest market size owing to the increasing demand for consumer equipment, including portable healthcare electronics and white goods. Increasing digitization and automation in various sectors is likely to generate demand for power supplies in APAC.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Power Supply Market, By Output Power
7 Power Supply Market, By Product Type
8 Power Supply Market, By Vertical
9 Geographic Analysis
10 Competitive Landscape
11 Company ProfilesAcbel Polytech Acopian Artesyn CUI Cosel Delta Electronics FSP General Electric LITE-ON Power System Solutions MEAN WELL MTM Power Murata Power Solutions PULS Phoenix Contact Power Innovation Power Systems & Controls Salcom Siemens TDK Lambda XP Power
For more information about this report visit https://www.researchandmarkets.com/research/3ld5qg/power_supply?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181005005167/en/
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SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/05/2018 05:35 AM/DISC: 10/05/2018 05:35 AM