DC Power Supply Market Expected to Reach US$605 Million Valuation by 2032 – IMF Study

DC power supply market

DC Power Supplies Market – Analysis, Outlook, Growth Trends and Forecasts

NEWARK, DELAWARE, UNITED STATES OF AMERICA, July 4, 2022 /EINPresswire.com/ — According to IMF reports, the global DC power supply market is expected to reach US$605 million by 2032, from US$378 million in 2021, at a CAGR of 4.3% over the forecast period.

The expansion of the DC power supply market can be attributed to the growing demand for wireless communications and infrastructure, as well as aerospace and defense, in countries like the United States and Canada, as well as to the growing demand for industrial automation and consumer electronics in countries like India, China and Japan.

The global DC power supply market has been heavily disrupted by the COVID-19 outbreak. The COVID-19 outbreak has slowed economic development in almost all major countries, changing consumer shopping habits.

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Domestic and international travel has been hampered due to the lockdown applied in several countries, which has significantly disrupted the supply chain of the DC power supply sectors and many others around the world, consequently widening the gap between supply and demand.

The rapid expansion of the electronics industry is expected to propel the DC power supply market. With the continued expansion of the industrial sector, the DC power supply market is expected to increase significantly. Growing fundamental electronics applications require precise voltage, which must be balanced against changes in input voltage and charged to produce precise voltage as needed.

The market for direct current power supplies is about to experience tremendous development. With the increasing production and demand of electronic devices such as laptops, computers, cell phones and other consumer electronics, and these gadgets need constant DC power, the demand for DC power systems is increasing. However, the expansion of the DC power supply market is hampered by its complicated nature and high cost.

The DC power supply market is divided into five regions: Asia-Pacific, Europe, North America, South America, Middle East and Africa. From 2019 to 2024, North America is expected to hold the largest DC power supply market share.

During the forecast period, it is expected to be the fastest growing DC power supply market. Rising wireless communication and infrastructure and aerospace and military segments in countries like the United States and Canada are expected to drive the demand for DC power in the region.

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KEY POINTS TO REMEMBER:

• North America DC Power Market is expected to grow at the fastest CAGR of 4.6% in the region sector.

• Automotive is expected to grow at a high rate in the DC power market application sector, with a CAGR of 4%.

• The US DC power supply market size is expected to reach US$216 million by 2032, growing at a CAGR of 4.1% during the research period.

• UK is projected to reach a market size of US$25 million in DC Power by 2032 growing at a CAGR of 3.1% over the research period.

• China DC power supply market is expected to be worth US$44 million by 2032 growing at a CAGR of 3.7% over the forecast period.

• Japan is projected to have a DC power supply market size of US$35 million by 2032 growing at a CAGR of 2.7% over the research period.

• By 2032, South Korea is expected to reach a market size of US$23 million in DC Power, growing at a CAGR of 2% over the research period.

COMPETITIVE LANDSCAPE:

Keysight Technologies, AMETEK, Goodwill Instrument, TDK Lambda, and Chroma ATE are the major players in the DC power supply market.
• The company launched a new E36200 line of single and dual output power supplies in May 2019. As part of its inorganic strategy, Keysight Technologies was awarded a contract in December 2015 to supply DC power supplies to the engineering teaching lab electronics from the University of Sheffield.

Key players
• Keysight Technologies
• AMETEK
• Instrument of goodwill
• TDK Lambda
• Chroma ATE

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Key segments

By type:
• AC DC
• DC-DC

By output power:
• Low efficiency (up to 10 kW)
• Average power (10 to 100 kW)
• High efficiency (100 to 250 kW)

Per application:
• Aeronautics
• Defense and government services
• Automotive
• Energy
• Communication and wireless infrastructure
• Others

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Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.

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