The DC power supplies market is anticipated to expand its roots at an average CAGR of 4.3% during the forecast period. The market is likely to hold a revenue of USD 411.21 million in 2023 while it is predicted to cross a value of USD 626.47 million by 2033.
DC power supplies benefit users by eliminating the requirement of external meters, relays, and switching calibrations. As a result, offering minimum input problems. All these benefits have turned out to be key reasons for the DC adapters’ market attractiveness.
DC power supplies help in maintaining a constant and stabilized power supply for electronic appliances and modules. Therefore, making it a very important device for safety purposes. DC power supplies for sale in the global market have increased significantly in the past two decades. This can be attributed to the rising demand for energy-efficient electronic equipment.
There are several shortcomings in traditional electric load systems due to a low voltage supply and intermittent fluctuations at the source. This necessitates the use of DC adapters in a commercial or industrial setup. Robust sales of variable DC Power supply machines have created a huge market for DC power supplies. Consequently, the sales are predicted to reach a value of USD 626.47 million by the end of the successive period.
Attribute | Details |
---|---|
DC Power Supplies Market CAGR (2023 to 2033) | 4.3% |
DC Power Supplies Market Size (2023) | USD 411.21 million |
DC Power Supplies Market Size (2033) | USD 626.47 million |
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Unauthorized and low-quality products in the regional markets are emerging as a significant challenge for the global manufacturers of DC-DC converter or their trademark proprietors.
The forged trademarks and logos of established brands are typically used by local manufacturers. Their AC DC power supply adapters are naturally offered at low prices than the established players. As a result, incurring a huge loss to the global DC power supplies market.
In recent times there has been a growing concern about the increasing volume of e-waste garbage in many parts of the world. Authorities of many nations have started formulating stringent regulations for the management of discarded electronic gadgets and appliances in compliance with international norms.
Regulations are being implemented on isolated DC-DC converter manufacturers to curb the amount of electronic waste generated by such companies. This is anticipated to hamper the supply of DC power supplies for sale in the local and global markets.
There has been a growing trend of industrial automation after the launch of the fourth industrial revolution or IR 4.0 across the globe. All the leading manufacturing and heavy industries have adopted energy-efficient equipment and machines. These machines require DC power supplies in parallel for the proper management of the voltage provided to them. This is the key factor for the high demand for DC power supplies in the global market.
Conservation of energy has become the top priority of today’s global economy. Renewable sources of electricity are getting popular among the general masses. The global population mostly requires programmable power supply equipment for obtaining the desired amount of voltage and current flow.
According to the market report, it has been predicted that the demand for DC power supplies in series can surge over the years. This can be attributed to the wide adoption of solar panels or photovoltaic cells in the world.
A great portion of the global demand for DC power supplies is estimated to come from the significant growth of electronic automobiles and charging stations. Furthermore, the advancements in other technologies such as the Internet of Things (IoT) and industrial Internet of things (IoT) have integrated numerous electronic devices that require a DC-regulated power supply for operation. Advancements in such technologies are estimated to create a huge requirement for DC power supplies in the global market.
Country | Revenue Share % (2023) |
---|---|
The United States | 22.4% |
Germany | 6.7% |
Japan | 5.1% |
Australia | 1.0% |
Country | CAGR % (2023 to 2033) |
---|---|
China | 4.7% |
India | 5.0% |
The United Kingdom | 3.2% |
On the global level, North America is the dominating market for the manufacturing and consumption of a high amount of DC-regulated power supply converters. This region is also predicted to witness a notable CAGR of 4.6% over the forecast years.
The growth in the United States can be accorded to the significant number of gadget users and the presence of several DC power adapter manufacturers. As per FMI estimates, the United States of America is poised to occupy almost 22.4% of the global market alone by the end of 2023.
Asia Pacific region follows North America in the production and consumption of switching power supply devices in the global market. Improving economic conditions and high investment in the industrialization of Asia Pacific countries are poised to create a favorable regional market for DC power supplies.
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Category | By Output Power |
---|---|
Leading Segment | Medium Output |
Market Share (2023) | 41.0% |
Category | By Application |
---|---|
Leading Segment | Aerospace |
Market Share (2023) | 55.0% |
The use of smart devices such as laptops, cell phones, or other communication devices is anticipated to rise over the forecast period. This is expected to favor the market of DC power supplies immensely.
Commonly there are two distinct types of variable DC power supply units available in the market. The AC to DC converters or power supply adapters is the most popular and dominating segment. This can be accorded to the use of electricity supply networks to provide alternating currents for household and industrial use. Therefore, DC power supply devices are hugely required for supplying energy to devices running on direct current. This segment is expected to retain its dominance over the market for many years in the coming decade.
The output power capacity of the AC to DC converters is set according to the requirement of the device it is used for. The medium output AC DC power supply that ranges between 10 kW to 100 kW is the high grossing segment.
The low output category with an output power capacity of less than 10 kW is mainly utilized in home appliances. This segment of 5v to 12v DC adapters occupies a significant portion of the market by volume.
Under the high output category ranging between 100 kW to 250 kW, it gets most of its demand for industrial appliances. Both these segments of the DC power supplies market are gaining momentum in production and distribution. These segments are predicted to contribute significantly to the future global market.
DC power supplies have a wide variety of application areas that make it a leading business in the electronics manufacturing sector. Most of the demand for variable DC power supply units is generated by the industrial sector, having large production units that operate on electricity.
The automotive segment is an attractive end-user for the DC power supplies market. The segment is estimated to witness a significant CAGR of 4.0% as compared to other sectors during the forecast years.
The sales of various devices required for establishing wireless communication and infrastructure facilities have increased due to the rise in the number of netizens worldwide. This has led to a surge in the use of modems and gadgets that run on 12v 5a power supply. As a result, positioning the wireless communication & infrastructure segment has been a vital segment for the DC power supplies market in recent years. Other leading end users of variable power supply units include energy and aerospace segments.
The DC power supplies market is getting highly competitive in the present times. An increase in the number of electronics manufacturers across the industrial economies of the world has contributed to market competition. Most of the key players are getting collaborations and long-term partnerships with electrical equipment and gadget manufacturers to acquire an ample number of orders for their products.
Market Developments:
Company Name | AMETEK Inc |
---|---|
Development | In November 2022, AMETEK. Inc. demonstrated its latest product demonstrations at the Electronica 2022 trade and conference show. Several other companies also exhibited their recent developments in regenerative power supplies. The company revealed how bi-directional power supplies are providing advanced energy recovery and high-performance test capabilities. |
Strategy | Companies are focusing on bi-directional power supplies in light of increasing energy costs. These power supplies are a cost-effective solution for hardware simulation and testing for new renewable energy technologies. |
Company Name | TDK-Lambda Corporation |
---|---|
Development | In November 2022, TDK Corporation unveiled PH1200A280 full brick DC-DC converters of the TDK-Lambda brand. The converters are ideal for 380V DC input distributed power systems employing non-isolated AC-DC power supplies. Other applications of these converters include communication systems, test and measurement, semiconductor fabrication, and custom power supplies. |
Strategy | With this launch, the company aims to maintain its forefront position in innovation. The company is supplying extremely durable power conversion products for medical and industrial equipment. Additionally, the company is situated in the top five geographic regions to quickly respond to any customer requirement. |
The projected revenue of the market by 2033 is USD 626.47 million.
The market CAGR is projected to record a growth of 4.3%.
The market is valued at USD 411.21 million in 2023.
North America holds a substantial market share.
Demand for DC power in various applications is the key trend.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. AC-DC 5.2. DC-DC 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Output Power 6.1. Low output (Up to 10 kW) 6.2. Medium output (10 to 100 kW) 6.3. High output (100 to 250 kW) 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Aerospace 7.2. Defense & Government Services 7.3. Automotive 7.4. Energy 7.5. Wireless Communication & Infrastructure 7.6. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. South Asia 8.5. East Asia 8.6. Oceania 8.7. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Keysight Technologies 18.2. AMETEK, Inc. 18.3. Good Will Instrument Co., Ltd. 18.4. TDK-Lambda Corporation 18.5. Chroma ATE Inc. 18.6. Rohde & Schwarz GmbH & Co. KG 18.7. B&K Precision Corporation 18.8. Kikusui Electronics Corporation 18.9. EA Elektro-Automatik GmbH & Co. KG 18.10. Tektronix, Inc. 19. Assumptions & Acronyms Used 20. Research Methodology
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